You might have considered about selling your Long Island house, but have found yourself putting it off because of all the work involved. We want to let you know that it doesn’t have to be that way! There are many ways to sell your house! Before you commit to a listing, learn about the options for house sellers in Long Island!
What works for one property, may not work for another. Some properties do phenomenally on the MLS, while others sit on the market for months with no signs of a potential sale. Let us help you explore your options so you can make a smart decision about how to sell your Long Island house!
Your Options For Selling
Hire An Agent
Hiring an agent works for some properties but for others, the cost simply isn’t worth it. In addition to paying the agents commission and fees, you will also have to spend money making repairs, cleaning and staging the house. You will have to keep up the landscaping and always keep the house clean for those last minute showings. For some people, none of this is a problem. They have the time to wait around and don’t have many repairs to make on the home. However, for others sellers who may want to move within a specific timeframe, or who don’t want to spend thousands or repairs, an alternative way of selling might be the way to go.
Sell Directly To An Investor
Selling your Long Island house can be a wonderful way to go. When you work with the right investor, you will receive a fair price for your house without the expenses of a traditional listing. You will be able to sell right away instead of months down the road and you will be able to sell it without having to spend money making repairs. Of course, not all property investors are the same. Make sure you are working with an experienced, well-reviewed team such as CoMax Properties, who will always put your needs first.
Try Your Luck With An FSBO
An FSBO can be a lot of work, especially if you are unfamiliar with the process. The process can take a lot of time and require a lot of work from you. Some studies show that by selling on your own, you will receive much less than when you hire an agent, plus it can take more time. That said, in certain situations, and for people who understand the process, an FSBO can be another viable selling option.
When All Else Fails
Maybe you are holding out for a certain price that none of these selling options can provide. Many people, especially those who purchased before the bubble burst, will hold out, expecting to get what they paid for their house. Unfortunately, it today’s market, this isn’t always the case. If it has come down to this, you can either cut your losses and walk away, or continue holding on to a house you don’t really want.
Become A Landlord
Not everyone has it in them to be a landlord. The key to making it happen is to find the right tenants, and that can take some work. Unfortunately, not everyone is concerned with paying their rent on time or taking care of a house that isn’t theirs. There is a significant amount of time and money that goes into being a good landlord. Some people will opt to hire a property management agency to handle the dirty work for them.
Consider Rent To Own
Some owners will set their house up in a rent to own structure. Doing this will ensure you have a tenant who takes pride in the house, you will receive your rent payment each month and you will receive some money upfront as a deposit. This strategy works best for people who want to get the full value for their house, but who don’t need 100% of the money up front.