Have questions about how we buy houses in PA? We’re here to help!
Check out some common inquiries below.
Q: is there any obligation when I submit my info?
A: There’s no pressure at all. Just tell us a little about your property, and we’ll take a look. If we need more info, we’ll set up a quick call. Then, we’ll give you a fair cash offer. After that, it’s completely up to you—no pressure, no hassle. When you’re ready, just say, “Buy my house for cash!” and we’ll get started on selling your home for cash in Philly.
Q: If I sign an agreement with your company, do I have to move out of the property immediately?
A: No, you don’t have to move out right away! When we buy houses in PA for cash, we can close in as little as 1 week while giving you the time you need to stay in the property. This allows you to find a new place, whether it’s moving in with family or purchasing or renting another home. If you need more time, we can arrange a rent-back or other arrangement. We understand the importance of having enough time to pack up and move without stress.
Q: Do I need to fully pay off my house to sell it?
A: No, you don’t need to fully pay off your house to sell it. Many homes sold through brokers still have mortgages or other obligations like taxes, water bills, or PGW gas bills. When we buy your house for cash, we take care of these payoffs through the title company. The amounts are subtracted from the sale price, and the remaining amount is yours. For example, if you sell your home for $100,000 and have a $50,000 mortgage, your net proceeds would be $50,000 minus any closing costs.
Q: What if the property I want to sell requires a lot of work, such as a leaking roof, walls needing replacement, or new flooring? Can I still sell it?
A:Yes, you can still sell a property that needs significant repairs, like a leaking roof or outdated flooring, to Joey Loves Philly. We buy houses in PA in any condition, so you don’t need to worry about making costly repairs or updates. Selling as-is allows you to avoid the expense and time of renovations while still getting a fair cash offer. We handle everything, and there’s no hassle. Plus, we make the process fast and straightforward, so you can move forward with peace of mind. Just reach out, and we’ll take care of the rest!
Q: How can I ensure I get the right price for my property?
A: It’s quite simple. Real estate investors utilize what’s known as a “buy box.” This involves assessing the property’s value based on recent sales within a quarter-mile radius. We consider properties in similar condition, whether listed by the owner or a real estate broker. By evaluating the condition and size of these comparable properties, we calculate an approximate price per square foot that we can offer for a property. This offer is then determined by multiplying the price per square foot by the property’s square footage. Additionally, we share information and often include pictures of these comparable properties, allowing you to see how your property compares. This transparency helps us collectively determine a fair price for buying and selling.
Q: Can I sell a property if it currently has a tenant, or do I have to wait for the lease to be over?
A: It depends on your goals. The process differs when selling an income-producing property because we buy a business. The tenant in the property is considered a customer, and their rent, along with the property’s condition and comparable sales, impacts the property’s valuation. Yes, you can sell a property with a tenant. We typically purchase it subject to the existing lease. At the sale’s closing, you fill out a form assigning us the rights to collect rent post-closing. Following the transaction, we send a letter to the tenant, introducing ourselves and providing information on where to submit rent payments and report any necessary repairs.
Q: My family member passed away, and I inherited a property I don’t want. How can I sell it
A: If you’ve inherited a property you don’t want, Joey Loves Philly makes the process easy and stress-free. We will buy any type of houses in Philadelphia, including inherited properties, in any condition. You don’t need to worry about repairs, cleaning, or lengthy processes—just contact us for a fair, no-obligation cash offer. We handle all the details, from title work to closing, so you can quickly sell the property and move forward. Whether it’s a home that needs work or simply one you no longer wish to keep, we’re here to make the sale as simple as possible.
Q: I own property in Philadelphia and discovered someone living there without my permission. What can I do about this, as I want to sell the property?
A: If you discover someone living in your Philadelphia property without permission, what you have is called a “squatter“. This situation is complicated due to what’s known as squatter’s rights in Philadelphia. When someone occupies your property without permission, they have certain legal rights, and forcefully removing them is not an option and can lead to your arrest. Crazy, right?
What to do:
If you have squatters but want to sell your property, Joey Loves Philly can help. We have experience with properties with squatter issues and may negotiate a cash-for-keys arrangement with the squatter to resolve the situation quickly. If needed, we can also proceed with an ejectment action through the courts, though it may take 6 months to a year, depending on factors like whether the squatter has legal representation. However, once the property is cleared, we’ll make you a fair cash offer, no matter the condition. With our hassle-free process, you can avoid long, drawn-out legal battles and sell your property fast. Best part? No repairs, no clean up, just fast cash in your pocket!
Q: What happens if I sell you my property, and we‘re supposed to close in 30 days, but I’m not ready to move out?
A: If you’re not ready to move out by the time we’re scheduled to close on your property, Joey Loves Philly can work with you to ensure a smooth transition. We understand that moving can take time, and we’re flexible. In many cases, we can arrange for a delayed move-out or a rent-back agreement, allowing you to stay in the property for a set period after closing while you finalize your move. Our goal is to make the process as stress-free as possible, so you can sell your home in Philly with confidence and peace of mind, knowing we’re here to support you every step of the way.
Q: What if I‘m behind on payments, and the mortgage company is threatening to foreclose on me, or I’m already in foreclosure?
A: You still own the house, and if you want to sell it, you can if the property hasn’t reached the sheriff’s sale. Even if you’re close to the foreclosure date, people contacted us just a week before the property was set to go to sheriff’s sale. In such cases, we file an emergency motion with the court to request a stay on the foreclosure date. We explain that the owner has sold us the property, and we need sufficient time to go to closing, waiting for the title report to return. This way, the owner can sell the property and receive their money instead of losing all their equity in the sheriff’s sale.
Q: Do I have to have the physical deed to the property to sell it
A: No, having the physical deed in your hands is irrelevant when selling a property. The original deed needs to be recorded at the register of deeds at city hall to be officially recognized. Many people may confuse a car’s title with a house’s, but these things differ. A vehicle represents personal property, while a house represents real property and operates under different laws.
Q: One of my parents, who owned 100% interest in a house, passed away, and I want to sell it. However, I don’t get along with my siblings. What do I do in this situation?
A: Unfortunately, in cases like this, everyone needs to agree on who will be the administrator of your parent’s estate. While there can be multiple administrators, formal written agreements are necessary for this to occur. Without such agreements, the court won’t recognize or appoint any person as the administrator. The longer the disagreement persists, the worse it becomes, as the state may place a lien on the house for any outstanding estate debts. Cooperation and agreement among everyone involved are the best solutions to determine the administrator. However, if one sibling refuses to cooperate, legal action may be necessary, taking them to court and seeking a judge’s intervention. The judge will assess the situation and rule accordingly, but a valid reason must be presented for obstructing the estate proceedings and the property sale.
