Selling a home in Philadelphia, PA is stressful enough. If your home has problems, the stress from NOT being able to sell it can skyrocket even more. If you have a mortgage, unpaid bills, or a pending foreclosure, the issues you face mount up very quickly.
Big Reasons Your House in Philadelphia May Not Sell Quickly
There are numerous reasons a house in Philadelphia may not sell quickly even though there is currently a low inventory of houses on the market. Bankrate gives a likely scenario for 2023 that indicates inventories of homes will rise again in 2023 due to increase interest rates and a fragile economy. As inventories of homes rise again, that means that houses with issues like we discuss below has less chance of selling in a traditional real estate sales manner through an agent or a FSBO.
General Disrepair or Bad Foundation
The home is in poor condition. It seems uninviting from the exterior due to issues including peeling paint, broken windows, and other problems. The foundation, though, is the true issue. Throughout the entire building, there are cracks. They not only look bad, but they also provide a safety risk. The house is currently regarded as being unpermitted because the repair work was never finished. It cannot, therefore, be bought or rented. The only solutions are to restore the foundation and obtain the necessary permits, or to sell the house as-is to a qualified home buyer.
It will cost money and time to fix the foundation. The house will continue to deteriorate in the meanwhile.
Mounds of Clutter
Over time, it’s common for people to amass an excessive amount of personal possessions. Too much stuff within the house can make it feel crowded and congested, whether it’s old furniture, sentimental items, or just junk that has accumulated. When a house has been occupied for a long time, especially by an elderly person, the clutter can become overwhelming and nearly impossible to deal with in order to sell the house. However, the clutter itself may make potential buyers doubt that they would ever be able to purchase the house. Additionally, it will make it difficult for prospective buyers to see the home’s potential space.
Musty or Moldy Oder
If you’ve ever attempted to sell a house that smells like mold or mildew, you are aware of the challenges that can arise. A home affected by mold and mildew may be impossible to sell, and even if you do manage to find a buyer who would overlook the smell, you’ll probably have to negotiate a steep price reduction. There are a few things you may attempt to get rid of the musty mildew smell and increase the marketability of your home, but most are ineffective unless you conduct a more thorough makeover. The fragrance frequently seeped into the carpet, the walls, and other furniture. The buyer’s health and wellbeing could be impacted by a broader issue as well. Mold may need to be cleaned using a costly procedure.
You’ll need to take action to stop the mold and mildew smell from returning once you’ve located and cleaned the cause of the odor. To assist keep the air within your home dry, make sure your home is well-ventilated and take into consideration utilizing a dehumidifier. Additionally, you should regularly clean your house, paying close attention to any locations where mold and mildew tend to thrive. You may permanently get rid of the moldy mildew smell and increase the marketability of your home by following these methods.
High Utility Bills Due to Poor Insulation
One of the main causes of poor energy efficiency is drafty windows. The U.S. Department of Energy estimates that drafty windows can contribute up to 30% of your home’s heating and cooling expenses. In addition to letting in cold air in the winter and hot air in the summer, drafty windows can make your furnace or air conditioner work more to maintain a suitable indoor climate. One of the finest things you can do to reduce your energy costs is to replace your old windows with newer, more energy-efficient ones. New windows won’t lose as much heat or cool air since they are better insulated and sealed. Additionally, replacing single-pane windows in an older home with double- or triple-pane windows can significantly reduce your energy consumption. A knowledgeable home buyer will request to examine current utility bills and identify the issues with your home right away.
Other Important Factors That Can Affect Your Philadelphia, Pennsylvania Home To not Sell
There are up to 35 reasons why it can be difficult to sell your house, according to LoveProperty.com. The list is extensive and includes the following, in addition to the top reasons we have already mentioned:
Overgrown or ugly landscape
Small or Ugly Bathrooms
Worn and Stained Carpet
Cramped, dark interior spaces
717 Homebuyers Is an Answer for Philadelphia, Pennsylvania’s Difficult-to-Sell Homes.
What should you do if these descriptions fit the home you are needing to sell in Philadelphia? You do not have to make expensive, time consuming updates and repairs while you continue to pay for home insurance and property taxes. Contact the friendly professionals at 717 Homebuyers in Philadelphia, Pennsylvania. We are a seasoned home buying business that can rapidly provide cash-out for your house. As a result, you won’t have to worry about maintaining it or handling any of the other issues mentioned above. Additionally, because of how easy and transparent our system is, you know precisely what to anticipate at every stage. For professionalism, fairness, and just being kind, we have a 5-star reputation. Call us right away in Philadelphia, Pennsylvania at 8 717-639-2164 or fill out the short form here on our website.
About Josh Eberly
A native of Lancaster County, Josh’s roots run deep in his commitment to this community. He especially enjoys helping people find solutions through real estate. Josh is a seasoned investor with experience in many sides of buying and investing in real estate. Josh enjoys reading, listening to podcasts, digital marketing, and hanging out with his family. Feel free to connect with him here.