Buy My House for Cash in Delaware County PA – 2 Questions… Barb Buys Houses
Barb Berue • September 3, 2024
If your Delaware County, PA house is facing foreclosure and you want to avoid it, or if you just need to sell your house quickly for another reason (such as inheriting a house, relocating, losing your job, or if your agent can’t sell your house), then finding a buyer to purchase your Delaware County PA house for cash might be one of the best options available.
Selling your house for cash not only helps improve your credit rating by settling your debt on time but also puts extra money in your pocket. A good credit score is crucial for your financial health, and selling your house for cash ensures that you maintain a positive credit record. Additionally, the extra cash can be used for other important projects. However, it’s essential to understand the market conditions affecting the value of your home before you sell. A foreclosure not only results in the loss of your property but also damages your credit rating.
Buy My House for Cash in Delaware County, PA: The Plan
To sell your Delaware County house quickly to someone with a “buy my house for cash” mindset, the first step is to create a game plan. Your real estate agent can help with this. Negotiate with your lender and work with an agent knowledgeable about selling properties like yours in the area. The agent should provide the latest property value reports to help you set the right price for your house.
- How fast do you need to sell? This decision is crucial as it determines your available options. More time means more options. If you need to sell in less than two months, listing your house with an agent may not be feasible. You might have to sell the house yourself or contact a local professional house buyer like Barb Buys Houses for a fast-fair all-cash offer on your Delaware County house. Call us at 267-225-0506 for a quick evaluation.
- How much do you need to sell your Delaware County house for? Consider how much you need to get from the sale. If you need to sell your house quickly and can’t afford a real estate agent’s commission, you might have to sell it FSBO (For Sale By Owner) or get an offer from a local house buying company like us. On the other hand, if you can wait for a retail buyer and need near full-retail value, listing your house on the MLS might be your best bet. If you lack the time, contact us for a fast cash offer—we can provide an offer within 24 hours and close in as little as seven days if needed, all in cash.
- Look into your options and take action!
Determine how fast you need to sell and how much you need to get out of the sale. Based on these factors, explore the following options:
- Real Estate Agent : If you can wait 3-6 months and afford the 3-6% commission, an agent will likely get you the highest price.
- Local Real Estate Investor / House Buyer : If you need to sell fast, we can buy your Delaware County house in as little as seven days. While we can’t offer full retail value, we don’t charge any fees. What we offer is what you get. If you prioritize a quick sale over potentially earning more money months later, call us today at 267-225-0506 or fill out our online fast offer form.
- For Sale By Owner (FSBO) : If you can wait 3-6 months but can’t afford agent commissions, selling it yourself may be an option.
- Talk to Your Bank : If your mortgage is underwater or you’re nearing foreclosure, contact your bank for mortgage relief programs. Some banks offer assistance or can guide you to reduce your burden.
We can help you strategize how to sell your Delaware County, PA house quickly. Call us at (215) 375-4433 for assistance, or fill out our form to see if your property qualifies for a fast, fair all-cash offer.
There are various reasons why you might be thinking, “buy my Delaware County PA house for cash—please let it be that simple.” Regardless of your reasons, preparing your house for sale is crucial. Thoughtful preparation makes your home an attractive option for buyers, enabling you to sell your house quickly and get top dollar.
Buying your first home can be an exciting yet overwhelming process, especially when it comes to finding ways to make it affordable. Fortunately, there are several grants and assistance programs available for first-time homebuyers in Pennsylvania that can help make homeownership a reality. These programs offer financial aid in the form of grants, closing cost assistance, and down payment help. Below is a list of grants and assistance programs currently available to first-time buyers in Pennsylvania: Grants and Assistance Programs Available in PA Pennsylvania Housing Finance Agency (PHFA) Keystone Advantage Assistance Loan Program Provides up to $6,000 as down payment or closing cost assistance. Available for borrowers with a PHFA first mortgage. HOMEstead Downpayment and Closing Cost Assistance Loan Offers up to $10,000 in down payment and closing cost assistance. Loan is forgiven over a five-year period, provided the homeowner stays in the home. K-FIT (Keystone Forgivable in Ten Years Loan Program) Provides up to 5% of the lesser of the purchase price or appraised value as down payment and closing cost assistance. Forgiven over ten years, with no repayment required if eligibility requirements are met. FHA, USDA, and VA Loan Programs Offer down payment assistance and more lenient credit requirements. PA-based grant programs can often be paired with these loan types for added affordability. First Front Door Program Offers a grant of up to $5,000 to qualified first-time homebuyers. You must match the grant with your own savings; for every $1 you contribute, $3 is provided. For more detailed information on these grants and eligibility requirements, visit the Pennsylvania Housing Finance Agency (PHFA) website . These programs can help you bridge the gap between renting and owning by providing essential financial assistance. Whether you need help with a down payment or closing costs, there is likely a program to fit your needs as a first-time homebuyer in Pennsylvania. More Grants and Assistance Programs for First-Time Buyers in PA In addition to the Pennsylvania Housing Finance Agency programs, several other grants and assistance programs are available from different agencies and organizations, providing even more opportunities for first-time homebuyers in Pennsylvania: Community Development Block Grant (CDBG) Program Funded by the U.S. Department of Housing and Urban Development (HUD). Provides funding to local governments for affordable housing initiatives, including down payment assistance for low- to moderate-income first-time buyers. Availability and amount vary by municipality, so check with your local city or county government for opportunities. Neighborhood Assistance Program (NAP) Offers tax credits to businesses that invest in affordable housing initiatives, which can help first-time buyers indirectly by funding community housing projects. This program is administered through the Pennsylvania Department of Community and Economic Development (DCED). Federal Home Loan Bank (FHLB) Affordable Housing Programs The First Front Door (FFD) program, offered through FHLB, provides eligible first-time buyers with a grant of up to $5,000 to assist with a down payment and closing costs. Participating lenders and financial institutions provide the funding, so buyers need to work with a participating bank. Local Housing Authorities Various local housing authorities across Pennsylvania offer down payment assistance programs and grants. Examples include the Philadelphia Housing Development Corporation (PHDC), which offers the Philly First Home program that provides up to $10,000 (or 6% of the home purchase price) to assist first-time buyers with down payments and closing costs in Philadelphia. U.S. Department of Agriculture (USDA) Loans and Grants The USDA offers loans and grants to promote homeownership in rural areas of Pennsylvania. Eligible buyers can receive 100% financing, and grants can help cover closing costs or home repairs. Good Neighbor Next Door Program (HUD) This HUD program offers a 50% discount on the list price of a home for teachers, law enforcement officers, firefighters, and emergency medical technicians in designated revitalization areas. Buyers must commit to living in the home for at least 36 months. Housing Counseling Agencies Non-profit agencies in Pennsylvania, like NeighborWorks America affiliates, may offer grants or forgivable loans to assist with down payments or closing costs. These agencies often provide educational courses, which can be a requirement for qualifying for other grant programs. For more information, visit: Pennsylvania Department of Community and Economic Development (DCED) Philadelphia Housing Development Corporation (PHDC) Federal Home Loan Bank (FHLB) With a combination of state, federal, and local grants, first-time buyers in Pennsylvania can save up to $31,000 or more. Whether you're looking to reduce down payment costs, get closing cost assistance, or find affordable financing options, these programs are designed to help make your dream of homeownership come true. Authored by: Armand Gjeka, Realtor Sources: -https://phdcphila.org -https://www.phfa.org -https://dced.pa.gov/ -https://www.fhlb.com/
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