High quality real estate recommendation Queens, NY? 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 more info at We buy homes Nassau.
Of course, you should have a financial plan for the investment and understand how it fits into your overall real estate investment portfolio before you begin your search. In addition, it’s helpful to understand the purchasing differences during the different phases of foreclosure. Finally, you should also know that these deals can move extremely slowly through the system, so remain patient. So read on as we explore five things to know about buying foreclosure properties in New York.
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.
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.
You must be here because you have a house or property you need to sell, but you aren’t too excited about the hassles and fees that are attached to a traditional sale with a real estate agent. You may have even heard about those national tech companies now buying houses as well. At 123WEBUYHOUSE.COM, our “cash for your house” program fills the gaps that listing with a real estate agent and the tech giants don’t. We’re not real estate agents, we’re direct cash house buyers and buy several houses each month in the Nassau area. See even more information on https://www.123webuyhouse.com/.