Long Island is one of the most sought after areas in New York. Unlike in most of the Five Boroughs, you will likely find manicured laws, big yards, and large floor areas. But the best attraction of the island is the beach. You will discover powder-fine sand, miles and miles of boardwalks, and majestic sunsets.
On the downside, owning a property in Long Island can be costly. The island has a high cost of living compared to the rest of the United States.
The property tax in Long Island is also among the country’s highest. It’s common to see levies reaching double-figures annually. For instance, a new resident was shocked to know that his property taxes reached $15,000.
Living here is not for the faint-hearted, and you might see your property listed on the market for a long time. So, what are the alternatives?
Cash for Homes
You might have seen ads claiming, “We Buy Houses in Long Island,” and that piqued your interest.
What is it, and how does it work?
Simply put, the entire process takes the hassle out of selling your home. You do not have to contact a real estate agent, for example, meet with them to determine the right marketing strategy to sell your property quickly.
You do not have to worry about paying brokers a commission fee, which, on average, hits 5-6%. If you sold your property for $500,000, you would give the real estate agent $25,000 in commission. The amount does not even compute the closing costs, which can range between 2-5%. At 5%, you will shell out another $25,000.
Meanwhile, with cash for home transactions, the buyer will take care of the closing costs. You get the money with no strings attached.
How to Sell Your Home
As already mentioned, selling your home would not be a hassle anymore. How so?
There is no intermediary. They will buy from you directly
You get a fair offer for the value of your home
You can get the cash immediately after the deal is made
You do not deal with banks
You do not have to wait for the mortgage approval
Once you call their number, they will send over their expert for the home inspection. The buyer will purchase your home “as-is.” It does not matter if the roof is collapsing, the basement is flooded, or the structural integrity is suspect. You do not even have to clean your house before the inspectors come over.
Simply open the door and let them do their magic. If you have extensions introduced in your house and you do not have a permit, do not worry about it. They will not ask for the home inspection report before making an offer.
After they finish the inspection, you can expect to receive an offer for your house within 24 hours. At most, they will call you in 48 hours. You have all the freedom to take their offer or reject it. There is no pressure for you to take action.
So, the next time you see an ad, “We Buy Houses in Long Island,” don’t be afraid. Call the number and listen to what they have to say.
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