If you’re trying to sell your house fast in Philadelphia, you’ve likely wondered if you should go the traditional route or consider a cash buyer. The right answer depends on your goals, your timeline, and the condition of your home. In this post, we’ll break down the key differences between traditional listings and selling to a cash buyer so you can make an informed decision.
The Basics: What Each Option Means
Traditional Listing
When you list your home with a real estate agent, your property goes on the Multiple Listing Service (MLS). From there, it’s marketed to the general public. Buyers may be individuals or investors, and most will require financing.
This process includes:
- Prepping and cleaning the home
- Professional photography and staging (optional, but recommended)
- Showings and open houses
- Negotiations and inspections
- Appraisal and loan approval
Selling to a Cash Buyer
A cash buyer is typically an investor or real estate company and unlike retail buyers, cash house buyers in Philadelphia don’t rely on loans, appraisals, or repair requests. They’re ready to move quickly!
There’s no need for:
- Repairs or renovations
- Staging or open houses
- Long marketing timelines
- Appraisals or mortgage contingencies
Comparing Timeline, Cost, and Convenience
Speed of Sale
🧾 Traditional Listing: The average time to close is 45–60 days, not including time on market. If the buyer’s financing falls through, you may have to start over. As of February of this year, Redfin confirmed the average days from listing to closing was 78 days!
💵 Cash Buyer: Closings can happen in as little as 7–14 days. No bank delays.
Repairs & Condition
🧾 Traditional Listing: Most buyers expect a move-in ready home. Deferred maintenance or major repairs can lead to price reductions or the deal falling apart.
💵 Cash Buyer: Cash buyers purchase homes as-is, so no repairs needed, no cleanup required. This includes properties with structural issues, code violations, or even squatters.
Cost to Sell
🧾 Traditional Listing: Expect to pay 5–6% in agent commissions plus closing costs. Also budget for repairs, staging, cleaning, and holding costs (mortgage, taxes, utilities).
💵 Cash Buyer: No commissions or out-of-pocket expenses. The offer may be slightly below market value, but you save thousands in fees and repairs.
When a Traditional Sale Makes Sense
Listing your home with a realtor may be the better choice if:
- Your home is in excellent condition and move-in ready
- You’re in no rush to sell
- You want to maximize your sale price and are prepared for negotiations and contingencies
When a Cash Sale is the Better Option
A cash offer might be right for you if:
- You need to sell fast due to relocation, divorce, foreclosure, or financial strain
- Your property needs significant repairs or has legal/tax issues
- You inherited a property and want a quick, hassle-free sale
- You’re a landlord tired of dealing with tenants
Common Misconceptions About Cash Offers
“I’ll get ripped off”
Not necessarily. Yes, cash buyers build in room for profit, but they also save you from commissions, repairs, and months of stress. Reputable buyers provide fair, transparent offers.
“I can’t sell a home with code violations or tenants”
Cash buyers specialize in problem properties. Many will even help you resolve liens or navigate the probate process.
“Only desperate sellers go this route”
Not true. Plenty of savvy homeowners choose cash offers because of the convenience and speed.
What’s the Philly Market Like Right Now?
The Philadelphia real estate market has cooled slightly since the 2021 peak, but prices remain strong, especially in desirable suburbs and well-maintained neighborhoods. Inventory is still low, meaning well-priced homes can move quickly.
But many buyers are cautious due to higher interest rates and inflation concerns. This can lead to longer days on market and more seller concessions in traditional sales.
Meanwhile, cash buyers are still actively investing. Whether it’s a South Philly rowhome or a West Philly triplex, investors are looking for deals they can renovate and resell or hold as rentals.
Making the Decision: Cash or List?
Ask yourself:
- Can you afford to wait for a traditional buyer?
- Are you willing and able to make repairs?
- Do you want to avoid agent fees, showings, and open houses?
If the answer is “no” to any of these, it may be worth exploring a direct cash sale.
Final Thoughts
Selling your home in Philadelphia doesn’t have to be complicated. Whether you go the traditional route or opt for a cash buyer, the best path is the one that meets your needs, timeline, and goals.
At Liberties Homes, we specialize in buying properties across Philadelphia and the surrounding suburbs; fast, fair, and as-is.
👉 Get a no-obligation cash offer today.
We’re local, experienced, and here to help.