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Updated almost 5 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Uzoma Chibundu
  • PHILADELPHIA, PA
1
Votes |
7
Posts

Impact of Selling MFH in West Philly

Uzoma Chibundu
  • PHILADELPHIA, PA
Posted

Hello BP family,

I after a little over a month of listing my duplex in West Philly (19104), I finally got a good offer on my duplex. They was supposed to send the emd but the buyer got laid off due to the impact of covid-19. Considering the complications with doing tours during the covid-19 spread, do you all have any suggestion on how I could get this house sold? 

I really want to sell it so i can have fund to do more projects this year. I resigned from my job last year to do real estate investing full time. 

Thank you for your time,

Uzoma 

Most Popular Reply

User Stats

254
Posts
289
Votes
Kevin M.
  • Property Manager
  • Philadelphia, PA
289
Votes |
254
Posts
Kevin M.
  • Property Manager
  • Philadelphia, PA
Replied

@Uzoma Chibundu a few brokerages I know are suspending all closings until further notice. Too many issues right now with lenders pulling out financing. I think everyone (well a lot of people) are pulling back for a few weeks just to see how things shape up. Unfortunately it’s a tough time to close a deal. Take a detailed video to post on YouTube so you can offer a “virtual tour” and adjust price. Those are the only tips I can provide. Good luck 

  • Kevin M.
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Otter Property Management
4.9 stars
250 Reviews

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