Excellent house selling advices Nassau, NY
House buying advices Nassau, NY today? 123WEBUYHOUSE.COM provides another option for selling your home. No listing fees. No agent commissions. And a quick, hassle-free closing process. You won’t have to worry about the hassle of repairs or renovations. Getting rid of the headache and hassle of dealing with an unwanted property is our service to you. Sell your home without the hassle of a traditional sale. Tell us about your house, then we’ll carefully evaluate it with local market expertise and provide you with a fair, no-obligation offer. Find additional details at We buy homes Nassau.
One of the essential things to know about buying foreclosure properties in New York is the stage of the property’s process, pre-foreclosure, auction, or post-foreclosure. Naturally, pre-foreclosure is the most desirable stage from an investor’s viewpoint. The homeowner is under pressure to sell and is still available to provide details for the disclosure process, but you must keep in mind not all pre-foreclosures are for sale. In addition, the setbacks that caused the default are temporary for some, so be mindful of this as you approach them about their property.
Signing the mortgage back over to the lender and walking away, known as a deed in lieu, is another way you can stop foreclosure in New York, satisfying the loan. However, you should be aware that junior liens, such as equity loans attached to the property through the deed, are undesirable to the lender and may prevent you from taking this route. In this scenario, foreclosure is more favorable for the lender because it will wipe out those existing debts. A lender will not act upon this option without your reaching out in writing and stating to the lender that you’re making this offer voluntarily.
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?
Inheriting a property might sound fantastic, but the reality for most is far from enjoyable. Often, none of the heirs are interested in living on the property, and few enjoy paying the bills for the property as the probate process drags on. At this point, beneficiaries have two options: keep the property or sell it. If there were no will, the property would go through probate, and the assets distributed by the probate court. However, the property may still need to go through the probate courts to transfer the title’s name to the new owner, even with a will.
We’re local. Unlike other “ibuyers,” we’re local. We know the area well and can offer an informed and fair price rather than an autogenerated number from a machine. Our offers are guaranteed. When we make an offer, that’s the price we’ll pay. We’ve heard horror stories from clients of other less experienced home buyers or the tech giants making an attractive offer only to reduce their offer days later after “inspection”. Or even worse, we’ve purchased houses from local Nassau house sellers after a tech giant or fly-by-night buyer backed out at the last second. Discover even more information on 123webuyhouse.com.