What Does it Mean to Have a Distressed Property in Philadelphia?

Distressed property may be a property that is either in an advanced state of disrepair, which is obvious, and may also have landscaping that has grown wild and is potentially damaging structures or the foundation or facing an impending foreclosure procedure. Although listing and selling your home is a complicated and stressful process during the best of times, these problems become exacerbated by the pressures of time or financial stress. Should you have a distressed property in Philadelphia, read on to learn what it may mean to you.

Time Marches On

If you have a distressed property in Philadelphia because you’re facing a foreclosure, you’ve likely started receiving notifications from the lender, now is not the time to stick your head in the sand.  If you’re dealing with more significant problems with the house than you can handle, physically or financially ultimately, the longer you wait, the more expensive and extensive the repairs are becoming by the day. Another issue with listing your home for sale on the market with a distressed property is the additional reduction in price caused by the property lingering on the market because buyers prefer homes in ready-to-move-in condition so that you may get little interest on the MLS. Properties listed for a more extended period than the average listing give buyers pause when scrolling through properties and can further delay your sale. A direct buyer like those at Oakmont Acquisitions will make you an offer with a guaranteed closing date within days or set to the day that’s convenient for you.

Using a Real Estate Agent

The traditional marketplace and listing process aren’t always suitable for a distressed property in Philadelphia. Understanding that you’re not in the best of positions for bargaining if you’re working under time constraints or have serious concerns about passing the inevitable inspection, you’re likely aware the offers you get, if any, will be far less than fair. In addition to the real estate commissions, fees and closing costs can quickly eat away at your remaining profits. On the other hand, a direct buyer like those at Oakmont Acquisitions doesn’t charge commissions.

Listing Your Property Yourself

Much like listing with a real estate agent when you have a distressed property in Philadelphia, you’ll face all of the same expenditures, less the commissions. Your emotional and financial investment in the home can make negotiations difficult, especially when the offer is insultingly low. A direct buyer will lay out precisely what your home would earn through the listing and the expenses you would pay vs. accepting our cash offer, which comes with no out-of-pocket costs and is the amount you’ll receive at the closing. You can sell your house as-is to a direct buyer when you have a distressed property in Philadelphia. The direct buyers at Oakmont Acquisitions don’t hide any details about the amount of our offer, which you’ll agree is fair. 

Oakmont Acquisitions

At Oakmont Acquisitions, there are no pressured sales; we are upfront about everything because we want you to make an educated decision based on the numbers and the problems you face. By working with a direct buyer like those at Oakmont Acquisitions, you can avoid the commissions and closing costs, making repairs, and all of the other typical out-of-pocket expenses and hassles of listing your home. The direct buyers at Oakmont Acquisitions will stop, taking the time to listen carefully to you, understand your concerns, and answer your questions thoroughly, with no obligation whatsoever. We do this because at Oakmont Acquisitions, we want you to be certain that you made the best choice out of all options available for your situation. Contact Oakmont Acquisitions today at (844) 201-3830 to learn more!

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