House selling tips and tricks New York today? 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. See additional information at We buy homes Nassau.
While foreclosures are close to historic lows, you should know about the competition when buying foreclosure properties in New York. For example, in January 2022, the U.S. Foreclosure Market Report from ATTOM property data shows properties with some type of foreclosure filing increased 29 percent from the month before and 139 percent compared to January 2021. However, along with this, you should be aware that foreclosure completions still fall far below normal levels. Therefore, as investors scramble for these properties, the competition remains fierce. Consequently, you need to have your plans in place, stick to your budget and bring your A-game to the negotiating table, ready to move when opportunity knocks. By working with an experienced professional investor, like those at 123WEBUYHOUSE.COM, you’ll stand out from the crowd.
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.
Calculate the value of selling your house fast vs. “waiting it out” for a dream price: We all want to sell our houses for as much as possible. But one thing many people forget to do is come up with the $ amount of how much it costs you to hold onto this house. The costs involved include the mortgage (which if you’re still within the first 10 years of the mortgage, the majority of your payment interest and not hardly going to principal at all), insurance, taxes, maintenance, etc.Lets say you want to sell your house for $200,000… and your mortgage payment is $1,200/mo, taxes $200/mo, $100/mo for insurance, and $100/mo for maintenance (lawn maintenance, repairs while you’re gone, etc.).Those expenses add up to $1,600/mo in “non equity building” expenses.If it takes you 7 months to sell that house through a real estate agent for that $200,000… it cost you $11,200 in DIRECT “holding costs” + you had to pay $12,000 in real estate agent fees (assuming 3% for the buyers agent and 3% for the sellers agent).Totaling $23,200 in LOST money. That doesn’t even account for the value of your time, your stress in thinking about that property sitting on the market, the opportunity cost of what you could have been doing with that extra money during those 7 months, etc. So the real cost to you was likely closer to $30,000.But, what if you were to sell your house next week and avoid all of that?Even if you sold for a discount below the retail price (lets say… $175,000)… you’re still ahead of the game by selling the house NOW at a discount to a home buyer like our company vs. 7 months later at full price (and paying holding costs and real estate agent fees).Make sense?
Our first tip for investors looking for probate properties in New York is to market directly to properties listed for probate sales. Direct mail can inform potential sellers that you have the answer to their problems. You’re offering the sellers a quick and easy resolution to any situation they are facing with inherited property, for which you’ll realize a higher profit on the investment. Be sure that you have the court’s permission, if necessary, to reach out to heirs directly with your offer. Probate property may also be found at public sales or auctions, though this method is likely to be more costly.
We help property owners just like you, in all kinds of situations. From divorce, foreclosure, death of a family member, burdensome rental property, and all kinds of other situations. We buy houses in New York… including Nassau and surrounding areas and pay a fair cash price, fast. Sometimes, those who own property simply have lives that are too busy to take the time to do all of the things that typically need to be done to prepare a house to sell on the market… if that describes you, just let us know about the property you’d like to be rid of and sell your home quickly for cash. Read more details at https://www.123webuyhouse.com/.