Philadelphia: home to the Declaration of Independence, one of the most intense sports fan bases of all time, and…a really high cost of living? With the cost of living being overall 17% higher than the national average according to PayScale, Inc., and the cost of housing alone being 29% higher than the national average, it’s no wonder it has become increasingly difficult to sell your unwanted property in the area. While the cost of living has increased, the real estate market has not been declining as one might expect, but actually quite the opposite.
According to a post by Curbed Philly, a popular online blog for solely real estate and living, real estate’s fast incline is not going to be slowing down any time soon. Trends, including more apartment concessions, rental increase by millennials and baby boomers, a boom in renting shared office spaces, and mall renovations have all been predicted for 2018. But what is most surprising is the rising popularity of, not only Philadelphia, but suburbs. Suburbs in the surrounding area including King of Prussia and Montgomery County have boomed on the housing market, and that is both a good and bad thing.
To homeowners, the boom means more people are looking to live in Philadelphia and the surrounding areas, but the cost and competition remain high, which can make selling your home increasingly strenuous. Fortunately, selling real estate doesn’t have to be as hard or tedious as it once was. Now, there are businesses such as Bold Properties that are not real estate agencies, but rather cash for homes services that will buy your home directly from the homeowners themselves at a reasonable price, for efficiency that is unparalleled.
Bold Properties understands how tiring working with real estate to real estate agent can be, each one promising they can sell your homes fast and at a high price. The reality is that real estate agencies cannot guarantee a fast turnaround time because they don’t have control over the fast changing housing market. Fortunately, Bold Properties and other cash for homes services can, because they are the ones buying, despite the condition of the home or the market. There are no commissions, fees, appraisals needed, or repair costs, simply a quick and free consultation, an immediate cash offer, and a closing date of your choice.