House buying tips and tricks Nassau, NY right now? At 123WEBUYHOUSE.COM we believe the house selling process should be easier, faster, and more painless for Nassau home sellers. If you’re serious about selling your Nassau house… we’re ready to give a fair all-cash offer. Also, when we buy your house directly from you, we buy as-is. You walk away without having to do any repairs. We’ll even clean out the property for you. It’s that easy and convenient. Avoid the hassles of listing your house with our Nassau Cash Offer Program. In many cases, we can present you with a fair, all-cash offer in as little as 24 hours – no obligations, no fees. Discover extra info at Sell house now NY.
Diversity is the key to cushioning your portfolio against economic downturns in any one sector of the real estate market. The profits to be made on homes in various stages of foreclosure are difficult for investors to ignore. However, to the inexperienced investor, the nuances of this market sector may seem daunting. Knowing when to back away is as important as knowing you should jump in. But don’t let that stop you from exploring this highly profitable venture. Reaching out to experts to assist you with foreclosures can help you build confidence and save you valuable time and money as you take each step.
If you have defaulted on your mortgage loan, a short sale is another way you can stop foreclosure in New York. With the lender’s approval, the home is sold at current market value, even if that is far below the amount still owed on the mortgage. However, a short sale is impactful on your credit score, and you may not have the immediate ability to attain another mortgage. You may also need to consult your tax professional, as second mortgages for uses other than home improvement may now be considered taxable income.
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?
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. Find extra information at https://www.123webuyhouse.com/.