Home ownership just isn’t what it was in the 1950’s.
In the past, people would purchase a home and live there for the rest of their lives, often passing it on to their family. Things have changed. Many first-time homebuyers are going into it with that same attitude. On average homeowners look to sell their home every 7-10 years. If you’re looking to sell your house, you could be frustrated.
Despite the market trends in Long Island slowly shifting, it’s still very much a seller’s market. But with the current shift happening in the market, prices could start to drop drastically.
How To Sell Your House To An Investor in Long Island
One option that many homeowners are turning to is selling to a real estate investor like Prestige Home Buyers to buy your house from you.
These local investors typically buy homes, fix them up, and then use them to generate income; either as rentals or sell them for a profit. Long Island has numerous reputable and trusted real estate investors who will help you sell your home quickly.
Selling your house to an investor is relatively simple.
You provide him or her with information about your home and personal situation.
The investor will then inspect the home and determine a fair value, taking into account necessary repairs, and make an offer. If the offer works for you, you’ll close, and receive the payment for your house in cash… usually within 14 days if you want to close that fast. The ability to close quickly depends on your market as well. In some states you can close in less than a week but in NY it usually takes at least 2 weeks.
How Fast Can You Sell Your House To A Local Investor?
This process is extremely quick compared to more traditional methods, often taking just 14-21 days.
If you need to sell your Long Island home very quickly, with little hassle, selling to a Long Island real estate investor is a great option.
When you work with a real estate investor… there usually aren’t any fees involved, as you don’t have to worry about paying an agent commission, and most often, the investor will cover all of the closing expenses.
Even though real estate investors are often looking to purchase homes at a discount, allowing them to fix up the house if it needs repairs… then sell the home to a first time home buyer. This is also allows the value of the properties in the community to go up.
The Hidden Costs Of Waiting To Sell Your Long Island House
Many people don’t consider the hidden costs of holding on to a property.
Extra months of mortgage payments, utilities, maintenance costs, taxes, and other fees could rapidly add up. By selling at a slight discount, you could potentially end up with a larger sum in the long run.
By selling your home to a real estate investor, you’re saving yourself possible months of headache, and you can quickly move on to your new home. You’ll avoid expensive fees, closing costs, and investors will purchase your home as-is, assuming the costs of repairs that you’d have to pay if you were selling via more traditional means.
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