Real estate has not been unaffected by the global pandemic, adjustments have had to be made which have complicated the process. When emotions are already running at an all time high among the population and relationships are being strained, the additional requirements in the traditional process of real estate sales can be extremely overwhelming. We will explore why more people are choosing to sell their homes directly in Long Island during Covid-19.
Time is of the Essence
Because direct buyers like CoMax Properties typically close faster than traditional home buyers, more people are choosing to sell their homes directly in Long Island during Covid-19. No matter if a property is listed with an agent or by the owner, traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. All of these steps gobble up precious time and in the end, a traditional listing carries no guarantee of when, or if, your house will ever sell. The time to sell is now, as more and more people are moving towards purchasing their own homes during the pandemic. If your need to sell is due to a relocation for work or personal reasons, unless you sell quickly, you will likely be carrying the financial burden for two homes. In addition to the stress and expenses of holding two properties, you will either be required to do a great deal of traveling or hire a caretaker for the property you have listed.
Showings Can Be Difficult
For many people, just the thought of dealing with the hassles of showing their property when it is listed on the market is extremely stressful and can truly be a nightmare. This reason alone is why more people are choosing to sell their homes directly in Long Island during Covid-19. By selling directly to a company like CoMax Properties, you can eliminate all of the frustrating phone calls asking if your house is available right now to show your home. When you sell directly to CoMax Properties, you won’t have to worry about leaving your home spotless everyday before heading to work, just in case there is a showing while you’re gone. There is also no chance of the discomfort of possibly running into a buyer’s agent or their clients or dealing with rude buyers asking you questions directly. When you work with us here at CoMax Properties there will be no more buyers arguing with you over which furniture you are taking and what you are leaving.
People in Your House
One thing we have learned during the pandemic is that it is risky to have multiple strangers from different households, possibly different cities or states coming into your home wandering about. If you aren’t working with a real estate agent that has grown accustomed to the new steps for self-protection, you will have to educate yourself on all of the necessary steps to protect yourself and be certain you have strict management of visitors in your home. This risk is why more people are choosing to sell their homes directly in Long Island during Covid-19.
No Repairs Needed
Professional home buyers like CoMax Properties in Long Island usually do not require inspections which makes it a truly as-is transaction. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. Professional home buyers like CoMax Properties, already know the state of the property, and they are willing to take on that risk, in turn, this makes the process even quicker. At CoMax Properties we work with you, laying out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. This is another reason that more people are choosing to sell their homes directly in Long Island during Covid-19.
By working with CoMax Properties, you will also have lessened exposure to any legal risks. You won’t have to worry about the buyer finding something you simply did not know about, and therefore didn’t disclose or suddenly discover something they don’t like about the home or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they did not get all of the information, or if they feel the facts were misconstrued. This is a big reason more people are choosing to sell their homes directly in Long Island during Covid-19.
While we can’t cover all of the reasons selling directly may be one of the best precautions you can take to protect yourself and your family here, at CoMax Properties, we completely understand your concerns. At CoMax Properties, we will stop and take the time to listen and we’re more than happy to answer any questions you may have. Please send us a message or call CoMax Properties today at (516) 704-7025.