Are you thinking about selling your house? Here’s how to know if you should work with an investor or hire a real estate agent to sell your house in Long Island!
The real estate industry is changing, and we believe this will only benefit home sellers. Today, not only can you list your house with a Long Island real estate agent, but you can also work with real investors who are able to quickly buy your property directly. Just like anything, there are pros and cons to each. By providing the seller options, the team at CoMax Properties is able to help property owners in Long Island effectively sell, no matter the condition of the house, the location, or the situation.
Why Work With A Long Island Real Estate Agent
Work with a real estate agent in Long Island can potentially help you receive the highest sale price for the house. A traditional sale usually takes a while, so sellers should be aware of the holding costs and other expenses they will face while their home is on the market. As long as the seller doesn’t mind the upfront costs and the potential waiting, a listing can be a great option!
Who It’s For: People who want to get the highest sale price possible. They shouldn’t mind making repairs to the house, staging, showing, or waiting for an unknown period of time. In exchange for the higher sale price, people selling with a Long Island real estate agent should be prepared to pay about 6% in agent commissions and another 2% in closing costs.
Why Work With A Local Property Buyer?
For those who need to sell quickly or before a specific date, working with someone to buy your house directly will likely be the best way to go. Listing your house in Long Island comes with no guarantees. When you sell your house directly to CoMax Properties, you will be able to liquidate your house quickly without any costs whatsoever. You will not have to pay commissions, continued holding costs, listing fees, or even closing costs. The flip side is that we don’t pay full retail, but when you factor in all of the time, money and stress you are saving, both options can prove to be pretty similar from a financial perspective.
Our team can specifically help those dealing with probate, tax problems, liens, code violations, foreclosure, or bad tenants. For sellers in these sorts of situations, a convenient and cost-free sale can be the solution they have been waiting for.
What The Numbers Say
When it comes down to it, listing your house will likely bring in more cash. However, there are many costs upfront home sellers will face and that they should be made aware of. Often when listing your house with a Long Island real estate agent, you will have to:
- Spend time and money on repairs to get the house ready for the MLS
- Possibly make upgrades so that the house is competitive with others on the market
- Pay the continued holding costs for things such as taxes, HOA fees, homeowners insurance, utility bills, and routine maintenance
- When the house sells, you will be on the hook for about a 6% commission
Selling your house directly in Long Island won’t cost you anything either upfront or after the sale. This can mean the difference between spending thousands of dollars or keeping that cash in your pocket.
Your Time Commitment
In addition to cash upfront, listing with a Long Island real estate agent will also cost you your time. You will be required to keep the house clean for property showings which will occasionally happen last minute. If you are using an FSBO listing, you will need to be prepared to screen calls, answer questions, and make yourself available to show the property. You will also have to spend a good amount of time marketing the property, ensuring it is seen by your potential buyers.
With a direct sale to CoMax Properties, you won’t have to spend any time on the sale of your house. We will make an offer and leave the rest up to you. If you decide to sell, we can close in only a few short days. Take what you want and leave the rest behind. We’ll handle the paperwork, your unwanted items, and any repairs that are needed for the home.
When it comes down to it, both selling methods have their pros and cons. As a home seller in Long Island, it is important that you run the numbers for your specific property and situation before committing to a selling method. If you have questions about how to sell your house in Long Island, our team please feel free to contact our office at any time!