New Jersey and Greater Philadelphia’s Trusted Home Buyer Since 2012

Call Us at (856) 644-7904

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Frequently Asked Questions

Here’s a quick collection of some of the questions people ask us… If you still have a question, don’t hesitate to contact us and we’ll be happy to answer it for you.

What documents do I need to prepare for the sale of my home?2024-03-04T05:16:17-05:00

Documents may include the sales contract, property disclosures, deed, title report, loan payoff information, and any relevant permits or inspection reports.

What is a contingency, and how does it affect the sale of my home?2024-03-04T05:15:42-05:00

A contingency is a condition that must be met for the sale to proceed. Common contingencies include home inspections, appraisal, and financing.

What happens during a home inspection, and do I need one?2024-03-04T05:15:02-05:00

A home inspection assesses the property’s condition, identifying any issues or defects. While not mandatory, it’s advisable to have one to ensure transparency and address potential concerns.

How do I handle offers and negotiations from buyers?2024-03-04T05:14:32-05:00

Review offers carefully with your agent, consider the terms and conditions, and negotiate as needed to reach a mutually agreeable agreement.

What is the best time of year to sell a home?2024-03-04T05:13:59-05:00

Spring and early summer are often considered the best times to sell due to increased buyer activity and better weather for showcasing properties.

How long does it typically take to sell a home?2024-03-04T05:13:22-05:00

The time it takes to sell a home varies based on factors like location, market conditions, pricing, and the property’s condition. It could range from a few weeks to several months.

What costs are involved in selling a home?2024-03-04T05:12:47-05:00

Costs may include agent commissions, closing costs, repairs or renovations, staging expenses, and potential concessions to buyers.

Should I hire a real estate agent to sell my home?2024-03-04T05:12:07-05:00

Hiring a real estate agent can streamline the selling process, provide market expertise, and help you navigate negotiations and legal aspects, but it’s not mandatory.

What should I do to prepare my home for sale?2024-03-04T05:10:52-05:00

To prepare your home for sale, consider decluttering, making necessary repairs, improving curb appeal, and staging your home to showcase its best features.

How do I determine the value of my home?2024-03-04T05:10:07-05:00

You can determine your home’s value by researching recent sales of similar properties in your area, consulting with real estate professionals, or getting a professional appraisal.

Is it illegal to sell a house for cash in Pennsylvania?2024-01-31T05:46:04-05:00

No, it is not illegal to sell a house for cash in Pennsylvania or in most places. Cash transactions are a legitimate and common way of buying and selling real estate. However, it’s important to follow all relevant real estate laws and regulations during the transaction.

Should I accept a cash offer for my house?2024-01-31T05:45:05-05:00

Whether to accept a cash offer depends on your priorities. If a quick and certain sale is crucial, a cash offer might be favorable. However, carefully consider the offered price and terms compared to potential financed offers.

What are the pros and cons of a cash offer on a house?2024-01-31T05:44:21-05:00

Pros: Faster closing, more certainty of sale, potential for negotiating a lower price. Cons: Possibly receiving a lower offer, limited pool of buyers, and the need to have the full purchase amount available in cash.

How do I sell my house for cash near me?2024-01-31T05:42:49-05:00

To sell your house for cash, you can explore options such as contacting local real estate investors, reaching out to cash home buying companies, or marketing your property as a cash sale. Local real estate agents may also have connections with cash buyers.

Can I sell my house for cash?2024-01-31T05:41:24-05:00

Yes, you can sell your house for cash. There are real estate investors and companies that specialize in buying properties for cash. Additionally, individual buyers may choose to make cash offers. It’s essential to assess the terms of the offer and the credibility of the buyer.

How does a cash offer work on a house?2024-01-31T05:38:24-05:00

In a cash offer, the buyer uses their own funds to purchase the property, eliminating the need for mortgage approval. This can lead to a faster closing process, as there’s no lender involvement. The transaction typically involves a purchase agreement, inspections, and a closing, similar to financed purchases.

What is a cash-only offer on a house?2024-01-31T05:37:25-05:00

A cash-only offer on a house is when a buyer proposes to purchase the property entirely with cash, without relying on mortgage financing. Cash offers are attractive to sellers as they often involve a quicker and more straightforward transaction.

How soon do I get paid if I sell my house as-is for cash?2024-01-31T04:59:34-05:00

The timeline for receiving cash proceeds from a home sale can vary. In a cash sale, the process is typically faster than traditional sales, often taking a few weeks. The exact timeframe depends on factors such as the buyer’s due diligence, the title transfer process, and any negotiations.

What are the pros and cons of selling a rental property?2024-01-31T04:58:50-05:00

Pros: Potential for profit, release from landlord responsibilities, and access to cash. Cons: Capital gains taxes, potential market fluctuations, and the loss of rental income. Each situation is unique, so carefully weigh these factors based on your financial goals.

How do I sell a rental property without paying taxes?2024-01-31T04:57:59-05:00

While it’s challenging to completely avoid taxes when selling a property, there are strategies to minimize tax liability. One common approach is a 1031 exchange, which allows you to defer capital gains taxes by reinvesting the proceeds from the sale into a similar property. Consult with a tax professional to explore options based on your specific situation.

What are allowable expenses when selling a rental property?2024-01-31T04:57:12-05:00

Allowable expenses when selling a rental property can include real estate agent commissions, legal fees, title insurance, and any costs associated with preparing the property for sale. These may vary, so it’s essential to keep thorough records of all expenses related to the sale.

Can I legally sell my rental property with tenants still in it?2024-01-31T04:56:33-05:00

Yes, it is legal to sell a rental property with tenants in it. However, the rights of tenants vary depending on local laws. Typically, tenants have the right to continue their lease even after the property is sold. Some jurisdictions may require the new owner to honor existing leases until they expire.

Can I sell my home for cash if I still have a mortgage?2024-01-27T06:17:25-05:00

Yes, you can. Use the proceeds from your sale to pay the mortgage balance.

What are the benefits of a cash sale when relocating?2024-01-27T06:17:20-05:00

A cash sale can make your move quicker and easier because you get your money immediately. You don’t have to worry about the house after moving.

Do I have to make repairs before a cash home sale?2024-01-27T06:17:12-05:00

We buy houses as-is. You do not have to make repairs.

How quickly can I sell my house?2024-01-27T06:16:58-05:00

On average, our home buyers close most deals within one to three weeks. Selling your house and closing the deal in as little as seven days is possible.

What is a cash home sale?2024-01-27T06:16:48-05:00

Our buyers buy your house as-is directly from you and pay cash for the property.

Is there any obligation when I submit my info?2024-01-27T06:16:00-05:00

There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.

How are you different from a real estate agent?2024-01-27T06:16:21-05:00

Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).

Are there any fees or commissions to work with you?2024-01-27T06:16:04-05:00

This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking the risks here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand).

How do you determine the price to offer on my house?2024-01-27T06:16:14-05:00

Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.

Do you pay fair prices for properties?2024-01-27T06:16:07-05:00

Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another homeowner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)

Will you be listing my house on the MLS or actually buying it?2022-09-06T08:42:52-04:00

Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses South Jersey that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.

Selling Your House Can Be A Quick And Simple Process

Phil Buys Houses Fast buys houses in and around South Jersey (and other areas too!). We’re not listing your house… we’re actually the ones buying your house. Because we pay cash, we’re able to close quickly… or on your schedule. Like we’ve mentioned, when you work with us there are no fees… like there are when you list your house with an agent. What this means to you is you don’t have to worry about extra costs, having to come out of pocket to sell your house fast, or even getting your house ready for a sale (we’ll buy your house as-is).

Don’t worry about repairing or cleaning up your property. We’ll buy your house in as-is condition… no matter how ugly or pretty it is… no matter the location.

Why Work with Phil Buys Houses

Phil Buys Houses is committed to giving you a fair price for your home and helping you get out of your current situation. Our company has worked with numerous sellers in the Metro Philadelphia area. Since we are local, we understand the market. We also operate our business with honesty and integrity. There are several reasons why you should work with us.

Sell your house when you want instead of waiting for a buyer.
Avoid repair and renovation costs, inspections, and appraisals.

Work with a single buyer instead of showing your house to multiple buyers.

Avoid realtor commissions, closing costs, and additional selling expenses.

Sell your house regardless of your situation or the condition of the property.

Close the sale of your house in as little as seven to 21 days.

Contact Phil Buys Houses to Schedule a Walkthrough

If you need to sell your house fast and want to avoid a traditional sale, contact Phil Buys Houses. Call us today at (856) 644-7904 to get a fast cash offer.