Is it possible to sell my house on Long Island “As is?”
The idea of selling a home can be stressful for some people, particularly if the property in question is less than pristine. Putting a house that needs work on the market can be difficult. If there’s structural damage, water damage, damage from termites or problems with the grounds surrounding the home, you may be worried that you’ll have to pay thousands or tens of thousands dollars in repair costs, before you’d be able to sell the home.
One possible solution you might have heard about is selling a home “as is.” This is a way you’d be able to sell a home without making investing in repairs or modifications. Long Island Cash Home Buyer wants you to know about what it means to sell a home “as is.” It’s how we make our purchases. If you’re looking to sell a home quickly, whether you’re looking to sell home for cash to avoid foreclosure or just looking for a lifestyle change, we’ll buy it from you and give you the cash.
You Must Still Make Disclosures
Selling a home “as is” is perfectly legal. But it can mean different things in different places. The Orlando Sentinel gave a basic definition of an “as is” sale as a transaction in which the the property is being offered in its present condition with no warranties or representations by the seller or real estate agent. It’s basically a way for sellers who don’t want pay for repairs to the home, to avoid having to do so.
But that doesn’t mean you can sell a bad piece of property without disclosing the problems with it. Each state has laws about what you have to disclose. In New York, the state’s Real Property law sections 460-467 lists things that must be disclosed as well as exceptions to the disclosure. The disclosures include general information about the property, environmental factors such as whether there’s asbestos, lead pipes or any hazardous substance leaks. Structural damage must also be disclosed. Exemptions include transferring property back to a bank to prevent foreclosure, or transfers made in connection with a divorce, estate distribution or part of a court order. It’s a good idea to check with your lawyer about what you need to disclose.
The Buyer Can Still Request an Inspection
It’s also important to know that asking to sell the property “as is,” doesn’t necessarily mean that the home will be sold without some negotiation. Buyers will make counteroffers anyway. According to real estate columnist Richard Montgomery, the buyer in an “as is” transaction has the right to ask for an inspection of the property. Listing agents also have the right to inspect homes in “as is” transactions. They also must disclose defects. Long Island Cash Home Buyer does not try renegotiate after the inspection.
Benefits of “As Is” Sales
While there are things you should be concerned about while making an “as is” sale, there are many benefits as well. They can save you money that otherwise would have been spent making repairs. They also save you hassle if you’re trying to sell the property quickly, for example if it’s part of an estate or a foreclosure situation.
Do I have to empty out all the stuff in the house?
Another benefit of working with us is that we can take care of all of your stuff/junk and clear it out for you. This is often more of a challenge in an estate sale, especially if the original owner lived there for 30-40+ years. A lot of stuff accumulates, and it can be time consuming, expensive and emotionally draining to clear it all out. If you sell your house in a traditional way with a real estate agent, you will need to attend to these matters. If you work with us, you can leave the house “as is,” junk and all.
Long Island Cash Home Buyer Will Speed Up the Sale…We will buy your house “as is”
If you’re in a situation where you need to sell property quickly or if you’re from out of state, relocating or dealing with a tax lien or inherited property, Long Island Cash Home Buyer can help. We’ll be the buyer and we can usually finish the transaction in 2-4 weeks. To get started, call Rich Witt today (516) 330-6940 or fill out below contact form. We look forward to working with you to sell your Long Island Home quicker than any other alternative!
Related articles for Long Island Sellers:
- Frequently asked questions when you want to sell your house FAST for cash
- Can I sell my Long Island home “As is?”
- Do I need a real estate agent to sell my house?
- I inherited a house, What to do? Should I rent it or sell it?
- How do I sell a house I inherited – the reality behind probate on Long Island
- How do I sell my house FAST on Long Island?
- Learn about how our process works
Are you in a difficult Real Estate situation?
Do you need to sell your Long Island house quickly?
Since 1998, we have been a trusted source for the latest information in regards to selling your home fast for cash on Long Island. We will have an honest conversation with you about the benefits and disadvantages of a quick cash sale of your property. If it is not right for you then it will not be right for us. It must be a win-win situation.
- We have purchased hundreds of homes with cash since 1998
- We have over $5,000,000.00 in funding available to purchase Long Island homes.
- You will always get cash at the closing.
- We always keep our word and will always tell you the truth.
- We will purchase your home as-is, in its present condition, no matter how much work is required.
- You can avoid all the costs and frustrations of fixing your property for sale.
We are the buyers. We are interested in buying your home- not in listing it as a Real Estate Broker.
Our Home Buying Timeline is typically 2-4 weeks from initial contact to closing of the property. If you need to close faster, it is certainly possible. If you need more time than that to close, that is available as well. We are the go-to if you want to sell your home quickly!
If necessary, we will cover normal closing costs. You will not have to pay anything or bring any money to the closing. All you have to bring to the closing are the keys!
Our process is substantially faster and much less stressful than listing with a real estate broker. When you list the home with a broker you can count on 6-12 months and possibly longer before you get to the closing table. While it is likely you will end up with more money with a traditional real estate listing, our process is completely hassle free and fast!
Benefits of Selling Your Long Island Home For Cash
We are not moving into the house. Therefore there is no need to coordinate closings or lease expiration’s. There are no buyer showings or Open Houses ever. There is no renegotiating after a Home Inspector goes through your property. There is no waiting for a mortgage approval that may or may not materialize. You can even leave the contents of the house if that suits you best.
If you want a fast, trouble-free sale, contact us and we will make every effort to make it a win-win situation for both parties.
Who should consider selling their house this way?
- Need to sell the house quickly without issues.
- Inherited a property and want to meet your obligations as soon as possible.
- In the process of Foreclosure.
- Have an Unpaid Tax Lien.
- Out-of Town homeowner that wants to liquidate the property.
- Need to sell your house before you can buy another property
- Relocating either for work or lifestyle reasons and will not be here to sell your house in the traditional manner.
While these are the major reasons that people choose us to do business with, every circumstance is unique and we are open and innovative in our approach to solving any and all Real Estate problems.
Let us help you.
Contact us Today!