Looking for agent to complete paperwork in Phildelphia

[Shreyas Desai]

Hello,

I am new to these forums, so please forgive if this is not in the spirit of the forums. I have a property in Greater Philadelphia area and it is currently rented out. The renter has agreed to purchase the property for $360K. I am not based in Philadelphia so need to do the agreement over docusign/dotloop. Has anyone done this before? Who should I approach for this and what is the typical cost for something like this?

Regards,

-S

[Ryan D.]

Originally posted by @Shreyas Desai:

Hello,

I am new to these forums, so please forgive if this is not in the spirit of the forums. I have a property in Greater Philadelphia area and it is currently rented out. The renter has agreed to purchase the property for $360K. I am not based in Philadelphia so need to do the agreement over docusign/dotloop. Has anyone done this before? Who should I approach for this and what is the typical cost for something like this?

Regards,

-S

Shreyas, congrats on the sale! This should be pretty straightforward and if this was me personally, I would not pay to use an agent. They'll probably want a % of the sale or if they're really looking to help you they will just have you cover their broker fees/insurance fee to complete the sale. If I had to guess the amount to cover insurance/broker fees would be around 1-1.5% of the sale on the low end. The whole process would be setting up the title company/closing date, using PA's standard AOS via DocuSign, and retaining the deposit through the title company's escrow. I've done this a handful of times now for properties I've purchased/sold and usually takes around 4-5 hours of work including attending the closing. If you aren't interested in setting it up and would prefer to pay someone find a local investor/wholesaler to do it for an affordable price or pay more and find a real estate attorney or lastly use an agent who will cost the most.