Real estate guides New York by 123webuyhouse.com? Listing with an agent works great if you have a property in perfect condition and can afford to wait for the right buyer. The Nassau housing market is hot and pretty houses are selling fast on the market. However, we can help you avoid the hassles of a traditional sale. Traditional buyers may have their financing fall through, having dozens of people walk through your house in an open house, worrying about inspections, all can add stress and months to the process. When you take the agent’s fees and items the buyer is requesting you fix into account, the actual amount you get in your pocket is almost never the price you’re selling for. Discover extra information on Sell house now NY.
Another thing you should know about buying foreclosure properties in New York that have reached the auction or post-foreclosure stage the properties will sell as-is. There is no allowance for inspections; the property may have existing liens, and the buyer must pay cash. Post-foreclosures are also known as real estate owned properties (REOs), wherein the property didn’t sell at the auction, the lender will now sell to recoup their losses on the mortgage loan, without the cash requirement of the auction. These properties can be appraised and inspected, and while you may be able to negotiate with the bank, it will likely require much more patience than typical investment properties.
Filing for a chapter 13 bankruptcy may be a way you can stop foreclosure in New York. For example, suppose you have overcome the circumstances that interrupted your income stream, and you’re now able to arrange a chapter 13. In that case, you will be restructuring your debt, making your regular mortgage payments along with payments on the arrearage, typically for a period of up to five years. Chapter 7, on the other hand, will give you a little breather while you stall payments temporarily and play catch up.
You may not know that the commissions can be expensive when you are selling your house with a Nassau real estate agent. With an average home price of $375,000, six percent in commissions comes to a total of $22,500. When you add this to the other expenses involved with listing, including the prep work, marketing, and professional photography, along with potential broker fees, it can take a big chunk of your profits from the sale. On the other hand, you can avoid paying commissions with a direct sale to a professional investor like those at 123WEBUYHOUSE.COM. There are no hidden fees to worry about coming off the top at closing; at 123WEBUYHOUSE.COM, our offer, which you will agree is fair, is the amount you will receive at closing in cash.
Good things come to those who wait. Because probate properties often sell below market value, investors with an eye towards the future realize the potential returns are worth the wait; probate is a process that can take months or years to complete. However, with an enormous amount of patience and an action plan in place, when the time finally arrives to proceed with the purchase, by being prepared and educating yourself on the steps involved, you can be ahead of the curve and enhance your portfolio with these great deals. Read on as we explore these five tips for investors looking for probate properties in New York.
If you simply don’t want to put up with the hassle of owning that house any longer, and if you don’t want to put up with the hassle and time-consuming expense of selling your property the traditional way, let us know about the property you’d like to be rid of and sell your house fast for cash. Talk to someone in our office before submitting your property information by calling us today at 516-605-3001. We buy houses any where in Nassau county at any price, any size property all surrounding areas in New York. If you need to sell your house fast in New York, connect with us… we’d love to make you a fair no-obligation no-hassle offer. Take it or leave it. You’ve got nothing to lose. See even more info at 123webuyhouse.com.