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real estate agents

Oct 2023

Selling A House to an Investor in Long Island

2024-04-17T09:39:01-04:00October 9, 2023|commercial property, real estate agents, real estate investing, Sell My House, We Buy Houses|

Are you looking to sell your house in Long Island and wondering how to do it quickly and efficiently? Perhaps you’ve heard about home investors, but you’re unsure what they do and how they can help you. In this article, we’ll explore the world of home investors, what they do, and how you can sell your house to them for a hassle-free experience.

What Is a Home Investor?

A home investor, often referred to as a real estate investor or cash buyer, is an individual or company specializing in purchasing properties intending to renovate, rent, or resell them for profit. These investors are typically well-funded and can offer homeowners a faster and more convenient way to sell their homes than traditional methods.

What Do They Do?

Home investors primarily focus on buying properties quickly and without the usual hassles associated with traditional home sales. Here’s a closer look at what they do:

  • Fast cash offers: Home investors offer sellers the advantage of receiving cash offers for their properties, often within days. This particularly appeals to homeowners who need to sell their homes quickly, whether due to financial constraints, relocation, or other personal circumstances.
  • As-is purchases: Investors are willing to buy houses in their current condition, meaning you don’t need to invest time or money in costly repairs or renovations before selling.
  • Streamlined process: Home investors simplify the selling process, eliminating the need for real estate agents, inspections, appraisals, and lengthy negotiations. This facilitates the transaction and can lead to a faster closing.
  • No contingencies: Investors typically don’t require financing contingencies, which can often cause delays and uncertainty in traditional real estate transactions.

How Can I Sell To Them?

Selling your house to a home investor in Long Island is a straightforward process that can be completed in a few simple steps:

  1. Contact the investor: Begin by reaching out to a reputable home investor or company. Handsome Homebuyer, for example, is a well-known home-buying company in Long Island with a strong track record of satisfied customers.
  2. Property assessment: The investor will schedule a visit to your home to determine its condition and value. This step allows them to determine a fair cash offer for your property.
  3. Receive a cash offer: After the assessment, you will quickly receive a fair cash offer for your property. This offer is typically presented within a short time frame, often within 24 hours.
  4. Accept the offer: If you’re satisfied with the offer, you can accept it, and the investor will initiate the closing process. You don’t need to make any repairs or invest further in your property.
  5. Close the deal: The closing process with a home investor is usually faster than traditional home sales. You can expect to have your cash in hand within a few weeks or even sooner.

Sell It Fast To Handsome Homebuyer

Handsome Homebuyer is a trusted name in the Long Island real estate market. With a long history of satisfied customers and a commitment to making the home-selling process as smooth as possible, they are an excellent choice for owners looking to sell their properties quickly.

Here are the advantages of selling your home to an investor like Handsome Homebuyer:

  1. Speedy sales: According to Zillow, the average time it takes to sell a house on the traditional market can range from 55 to 70 days. In contrast, selling to a cash buyer can often result in a closing within weeks.
  2. Avoiding repairs: A study by Houzz found that the average cost of home renovations in 2021 was approximately $18,000. When you sell to an investor, you can avoid these costly renovations and sell your home as-is.
  3. Reduced stress: According to a survey conducted by Which? Mortgage Advisers, selling a home can be one of life’s most stressful events. Home investors aim to minimize this stress by simplifying the process and providing quick solutions.

Read Our Reviews

If you’re asking, “How do I sell my house to an investor?” consider working with a reputable home investor like Handsome Homebuyer. To discover how much your home is worth and receive a free instant cash offer, visit Handsome Homebuyer’s testimonials page.

The Bottom Line

Selling your house to a home investor in Long Island can be a smart and efficient choice, especially if you’re looking for a speedy and hassle-free sale of a house, commercial property or land. With our excellent reputation and commitment to customer satisfaction, Handsome Homebuyer is a reliable option for homeowners seeking a quick and convenient way to sell their properties or to sell your house fast Long Island NY.

May 2023

Selling Long Island Homes in Bad Shape or Poor Condition

2024-04-16T14:41:35-04:00May 31, 2023|house selling tips, real estate agents, Sell My House, We Buy Houses|

Fixing up your home before trying to sell it is like cutting your hair before going to the barber. You don’t need to do it, and it only ends up causing you extra stress.

When homeowners or rental property owners sell their homes, they often keep them in excellent and optimal condition to attract more buyers. In fact, in 2021, 55% of homeowners remodeled their homes, a 2% increase from 2020. But doing so will mean extra costs on their part. They must splurge on funds to keep the place in tip-top shape.

What should you do if you’re not financially positioned to do so? This article tells you how to sell your Long Island home in poor condition or bad shape. In addition, we’ll give you all the tips you need to know to get the most value out of your property.

Selling a House in Poor Condition

If your home is in poor condition, it likely has minor problems like cracked paint, dirty spaces, and scratches on the floors. As a homeowner, your initial instinct may be to sort everything out before putting your property on the market. But doing so will mean renovating your property for around $185 to $300 per square foot.

This price doesn’t include paint and installation of other appliances, which can increase the total amount. So, if you want to avoid going through all that, how can you sell a house in poor condition?

Accentuate the Positive Elements of the House

When you market your house, make sure to focus on the positives. Highlight the features that will interest people and downplay the negatives. This will make potential buyers look at your property from a different perspective, increasing your chances of selling it.

Price Realistically

The average home value in Long Island in 2023 is a little more than $560,000, a 4.9% increase from the previous year. This, of course, is the case if your home is in tip-top shape. But if it’s not, you may need to lower the price of your property to accommodate all the repairs that need to be done.

You may be losing money by lowering the value of your property. But in actuality, you may have a price advantage and entice more buyers to your lot.

Disclose Repair and Maintenance Requirements

When selling your property, you always need to be transparent. Informing prospective buyers of your home’s defects will help them make a reasonable and realistic offer.

Selling a House in Bad Shape

So, now you know how to sell a house in poor condition. But what if your home is a little worse for wear? There may be cracks in the foundation, leaks on the roof, or unsafe plumbing. You may have an outdated HVAC system or lack of aesthetic and structural appeal. Maybe your house has sustained damage from a fire. In such cases, what can you do to sell your home?

It may seem impossible, considering what bad shape your property is in. However, there’s always a way. In this case, the best way to sell your home in bad condition at the best value is to partner with a legitimate as-is buyer who will purchase your property in any condition — an as-is buyer like Handsome HomeBuyer!

Finding a reputable, accredited, and trustworthy buyer in Long Island is important because the last thing you want is to get scammed by “We Buy Houses” ads in New York.

What Determines That a House Is in Bad Condition?

If you’re looking at your property and assessing whether it’s in bad condition, here are some telltale signs you need to consider to determine the quality of your house.

  • Bad electrical wiring: Besides a damaged roof, you may notice bad electrical wiring in your house. Burnt sockets, too many extension cords, flickering lights, or unpleasant odors are signs that your electrical wiring needs some work. This is a significant safety hazard that can lead to potential fire hazards.
  • Visible structural damage: Extreme weather conditions in Long Island can lead to substantial structural damage to your home. These signs can indicate that your home is in bad shape, from visible cracks and big holes in the walls to uneven flooring, vulnerable foundations, and so much more.
  • Unsafe plumbing: If your pipes are made with toxic materials like lead, they risk bursting or producing an onslaught of mold growth and water damage. That said, not only is unsafe plumbing a danger to your health and well-being, but it can also lead to other significant problems that can deteriorate the value of your home.

Sell It to Us for Cash Quickly

Rather than dealing with all the repairs and maintenance or trying to sell your poor-condition house on the market, we at Handsome HomeBuyer can take care of everything. We buy houses in Long Island NY in all conditions and give you the most value for your property.

We want to take the load off your shoulders by buying your house in poor condition or bad shape. We’ve bought some of the ugliest houses in Long Island, and we can fix and flip biohazard homes. We’ve seen it all, and we’ll buy them all.

If you don’t believe us, read some of our reviews.

If you want to sell your house to us, request a free instant cash offer today to sell my house fast in Long Island!

Apr 2023

Sell Long Island NY Property With Code Violations

2024-04-17T16:30:18-04:00April 19, 2023|house selling tips, real estate agents, Sell My House, We Buy Houses|

Selling a Long Island property with several building violations is like giving a sick cat oral medication. You know it’s the right thing to do, but it can be challenging and painful. Conventional home buyers want a good value proposition and are less keen to purchase houses with structural or legal issues.

Moreover, there has been a 39.3% increase in New York real estate prices over the past few years, making prospective buyers wary when purchasing a property. Thankfully, there is a convenient way to dispose of your troublesome house — cash home buyers. Read on to learn exactly where to sell Long Island, NY property fast, even with code violations.

Common Code Violations That Cause Home Selling Problems

Building codes are implemented to ensure that residential properties remain safe and livable. However, as your house ages, certain areas are bound to deteriorate. Moreover, some contractors need to repair better and remodel houses. These factors lead to violations. Here’s a list of the most common code violations found in homes.

Damaged or Missing Fixtures

All homes must have essential fixtures. For instance, there should be handrails and decking that offer adequate support. Moreover, ventilation systems should be installed appropriately to avoid air circulation issues and pathogen buildup. Missing or damaged fixtures can make a house unfit for dwelling and constitute code violations.

Substandard Electrical Wiring

Faulty or botched electrical wiring is a safety hazard. Aside from being a significant cause of home electrocutions, wiring issues are responsible for 6% of all house fires and 11% of fire-related home deaths. Hence, inspectors quickly place a code violation note on real estate with substandard electrical cables and circuitry.

Defective Plumbing

Plumbing systems transport clean water to your home, removing liquid waste and sludge. Compromised plumbing not only causes inconvenience and frustration but can also impact home sanitation and the health of inhabitants. Thus, any plumbing system defect, including how it’s installed, is counted as a building code violation.

Improper Flashing

Improper flashing is another common code violation. Flashing is a protective layer that prevents water and moisture from penetrating your doors and window frames. A defective or improperly placed flashing is a violation since it leads to leaks and mold buildup.

How Code Violations Affect Your Home’s Value

The average value of residential property in Long Island is $541,700. However, if it has many violations, you’ll be hard-pressed to find someone purchasing your home for that amount. You’ll either have to sell your home for less than its worth or keep it and let it deteriorate further.

This is because unresolved code violations severely impact a home’s resale value. They are red flags that warn would-be buyers about the structural and safety risks of purchasing your property. Moreover, the legal consequences of owning a house with violations will be transferred to the buyer. All of these complications make your home less marketable.

Get Freedom By Selling Your House for Cash

Cash home buyers are in the business of purchasing houses, regardless of their condition or how many violations they have. These companies will not only free you from your property, but they will also pay in total cash. Fortunately, there is an alternative way to sell your house quickly and reasonably priced.

Hence, you no longer have to spend money to hire a real estate broker or go through the exhausting process of finding a buyer. You can immediately sell your house for cash today.

Sell It to Handsome Homebuyer for Cash Quickly

If you want a reputable home cash buyer who can provide a decent offer, look no further than Handsome Homebuyer. We are a leading buyer of Long Island single-family homes, land, and commercial real estate.

Our process is simple. We’ll conduct a property assessment and then give you a reasonable offer within 24 hours or less. If you accept, we’ll pay you in total cash. Hence, there’s no need to enter into any mortgage, installment, or conditional sale agreement.

Furthermore, Handsome Homebuyer will purchase your property as is. Thus, you don’t have to shell out money for repairs or maintenance. Since we’ll buy your home directly, you also don’t need to pay anyone a commission fee.

Read Our Reviews

You don’t have to take our word for it. Handsome Homebuyer has many satisfied Long Island home sellers. You can read their testimonials to discover their experience working with and selling their property to us.

You no longer have limited options to sell my house fast Long Island, NY, even with code violations. Instead of resorting to tedious and costly conventional sales methods, you can sell your house directly and for cash to a home cash buyer like Handsome Homebuyer. Contact us today at (516) 518-5515 for a free cash offer and learn how much your home is worth.

 

Apr 2023

Avoiding “We Buy Houses” Scams in Long Island NY

2024-04-16T14:43:31-04:00April 6, 2023|house selling tips, real estate agents, Sell My House|

You’ve been trying to sell your property in Long Island, NY, but have yet to have any luck. Suddenly, you get a call or email from an investor offering to buy your house quickly and with cash — sounds great, right? Well, not so fast!

Unfortunately, scams like this are common in the real estate market. Spotting and avoiding these “We Buy Houses scams” can save you time, money, and hassle. Read to learn more about protecting yourself from scammers in Long Island, NY.

Do Your Due Diligence

If someone contacts you with an offer to buy your house in Long Island, New York, you should do your due diligence and make sure they are a legitimate buyer. Please take the time to research any offers of purchase before committing to anything.

These are the steps you can take for the background check:

Ask for Their Licenses and Permits

Be sure to ask for their licenses and permits before agreeing to anything. This is especially important if they are a real estate broker or agent. You should also verify that they have the proper qualifications to operate legally in New York before you sell your home for cash in Long Island.

They should have the following:

  • A real estate broker or agent license
  • A business license
  • Proof of funds
  • Any other permits necessary to conduct business in Long Island

Check Online Reviews

In addition to checking the license and permits, you should also check online reviews. Look for negative comments or experiences other people have had with this company. This can help give you an idea of what kind of service they provide and if they are reputable.

Verify With Legitimate Agencies

Finally, once you have researched and discovered that the company is legitimate, you should verify this with a legitimate agency. The Better Business Bureau (BBB) or local state agencies can help provide additional information about the company. This will ensure they operate legally in Long Island, New York.

Know What the Real Off-Market Process Should Be

Selling your home to legitimate cash home buyers and real estate investors is relatively similar. It starts with an assessment of your home, which is then compared to the current market conditions and trends in New York. For instance, the average price of Long Island homes is approximately $500,000, so it’s reasonable to expect any offer to be close to that amount. This was up 15% from the previous year.

After a fair offer is presented, it should be followed up with an inspection of the property to ensure it meets all local building codes and regulations. Once both parties agree upon everything, the closing can happen quickly and without hassle.

When dealing with cash home buyers, you should always ask for proof of funds from the buyer before signing anything or entering into any agreement with them, even if you’re looking to sell your house fast. This will ensure that they can purchase your property.

Be Wary of the Investor’s Behavior

As a homeowner, you need to be extra cautious and stay vigilant about how the investor behaves. One red flag you should pay attention to is when an investor quickly offers to buy your home without asking questions. This is a sign that they may not be interested in the actual property but instead looking for easy money from homeowners who are desperate or unaware of their rights.

Another would be rushing you to close the deal. If an investor pushes you to sign paperwork or make a decision quickly, they likely have something to hide and may be trying to take advantage of your situation. Do your due diligence and thoroughly research all offers before agreeing to anything.

You should be careful when someone asks you to sign over the title of your home without any paperwork that guarantees the money you are owed. It is common for investors to promise homeowners a certain amount and then lowball them once they have the title.

Some also fall for paying upfront fees when, in fact, the buyer should be paying all the closing costs. If you are asked to pay a fee before closing, this could also be a scam.

Work With a Legitimate Cash Home Buyer

Cash home buyers are a legitimate way to sell your home. Unfortunately, they’ve gained a bad reputation due to some unscrupulous operators who are out to scam the unsuspecting homeowner.

Avoiding “We Buy Houses” Scams in Long Island, NY, entails finding legitimate cash home buyers in Long Island, NY. Do your research, check references, and ask for proof of funds. You can also check online reviews, especially from verified sites like the BBB, to ensure you are dealing with a reputable cash home buyer.

Handsome Homebuyer is a legitimate cash home-buying company in Long Island, NY, earning an excellent rating from the BBB. We focus on helping homeowners get a fair price for their homes and quickly close on the sale if you need to sell my house fast Long Island.

As part of our commitment to customer service, we are transparent in all of our dealings with customers and strive to make sure they understand each step of the process so they can make informed decisions about selling their homes. We look forward to helping you sell your home quickly and at a fair price.

Apr 2022

Long Island Real Estate Investor Predicted COVID. Want to Know What’s Next?

2024-01-06T12:51:33-05:00April 5, 2022|real estate investing, real estate agents, section 8|

In February of 2018 the real estate market had been riding high for two years and business was booming. But I felt something coming. One way or another, I knew, we were approaching the end of an era. I felt an economic shift coming. Granted, real estate moves more slowly than the stock market, it doesn’t change overnight. But at the time I started conferring with my friends and associates in the real estate industry and offered them a prediction: At the end of Q4 2019, there’s going to be some kind of economic upheaval that’s going to impact the country.

I wasn’t able to explain why at the time, I just had a hunch. As someone who has been fully immersed in the real estate industry for years, I recognize the cyclical nature of the market and I’ve developed an ability to sense its ebbs and flows. I felt confident that my prediction would come to pass. And sure enough, Q1 2020 saw the breakout of COVID-19, and all the economic fallout it caused in the U.S. and beyond.

I don’t claim that I knew a pandemic was about to sweep over the world. But I had known the market had reached a high which was vulnerable to disruption. Every 5 to 10 years, an economic recession occurs, with generally the same resultant impacts. What differs most frequently is the catalyst which kicks the recession off. In this case, it just happened to be COVID-19.

So what happens next? In situations where there is a minor recession, typically the government intervenes to artificially stimulate the economy to get it going again. Unfortunately, this has a tendency to set the economy up for a larger downturn at a later date. In this recent case, the government provided cash funds and flooded the market with money. 40% of all the country’s currency has been printed in the last two years! In my opinion this is going to lead to inflation, which we’re already seeing, but it will snowball as all this money continues to be disbursed. To counter this inflation the government will have no choice but to raise interest rates in response to sell my house fast Long Island. This has the effect of limiting the buying power of the public with regard to mortgages. Compare this to the 70s and 80s, another time when inflation became an issue and the government raised interest rates to get it under control.

The real estate market has benefitted from low interest rates for many years. The cyclical nature of the market and past history suggests to me that 2022 and 2023 will be good years for real estate and the larger economy. But by the second half of 2024 things will start to slow down and the U.S. will see a major economic correction featuring a significant change in interest rates resulting from the government’s current efforts to prevent a major recession.

Apr 2022

3 FREE Ways to Find Real Estate Deals

2024-01-06T12:48:25-05:00April 5, 2022|real estate agents|

Competition for real estate deals is fierce – everyone is looking for them, and it’s a difficult market. For real estate investors in the beginning of their careers, a lack of money to invest in marketing and lead generation is also an obstacle to overcome. As you begin to make money, you can reinvest it accordingly. But how do you get going as inexpensively as possible when you’re just starting out?

These are three best, FREE ways to generate huge amounts of leads and get deals done at the beginning of your career:

  1. Use MLS (Multiple Listing Services). People say there are no deals on MLS but that is not the case. It takes work, you’ll need to spend hours scouring MLS and be ready to follow up on anything that looks promising immediately – that means getting on the phone and being prepared to check out a property in person the same day, with your ducks in a row ready to make a deal happen. This method isn’t easy, and takes dedication, but there are a lot of deals to be had if you’re willing to dig. A secondary benefit of doing things this way is you will wind up networking and relationship-building with many professionals along the way, these are people who may bring you deals later and become a valuable part of your pipeline.
  2. Networking can’t be underestimated. We use a wide variety of marketing to help bring in leads, from traditional print/TV/radio advertising, to SEM and social media marketing. But at the end of the year when we quantify what method brought in the most leads, nothing brings in more business than the people I’ve met through networking. It’s vital to go out and meet new people all the time. Tell people who you are and what you do. More importantly, find out what people do, and connect them with other people who can help them achieve their own goals. When you help other people, and do so selflessly, you’ll be shocked how many people will go out of their way to help you in the future. Compare this to getting a deal from a mailer. Once the deal is done the relationship is concluded and you never hear from them again. Foster the relationships you build through networking, however, and those will continue to bring you deals for years to come – maybe throughout the entire length of your career in real estate investing.
  3. Drive, walk, or bike for dollars. What this means is to explore your community, keeping an eye out for distressed properties. Even in upscale neighborhoods, you’ll find houses that aren’t being kept up or are completely vacant. Make a note of the address and use any of the free skip tracing utilities available on the internet to find the name and contact information of the owner. Alternatively, speak to the neighbors and try to find out what’s going on with the house or get help contacting the owner. This is a great way to make off-market deals happen. Regardless of which of the three methods above you use, persistence is key. None of these methods bring instant success. You can’t give up just because you aren’t immediately getting results. But if you keep working at it, you will get deals done with a Long Island cash home buyer.
Feb 2022

How To: Make a Real Estate Agent Fall in Love With You

2024-04-19T09:18:32-04:00February 10, 2022|real estate agents, real estate investing|

When I’m dealing with realtors specifically, there are a number of things I do to create positive experiences for them that will encourage them to bring me deals in the future. To begin with, I always give the listing back to the realtor in question once I’m ready to sell the property. This gives them the opportunity to make money when I initially purchase the house, and when it’s being sold at the end of the flip. Additionally, I like to give the real estate agents I work with bonuses for quick sales or when they secure an especially good deal for me.

My entire business is built on this concept: No matter your business, whether you’re flipping houses or selling retail products, it is very important to create a positive experience for the people that work with you. For a real estate investor, this includes both your clientele and your referral partners. I always strive to go the extra mile to show my clients and my professional colleagues my appreciation and build a relationship that is more than purely transactional.

Another way I cultivate the positive experience for my real estate agents is to take care of a lot of the things: I pay for high-end photography of the property and write up the descriptions to be used in listings. I’ll install the lockbox for the keys (and include two sets of keys in it) to save them the hassle. I get everything ready to go, so all the real estate agent needs to do is put the listing online and wait for prospective buyers to get in touch.

Finally, I actively promote the real estate agents I work with. My in-house social media team creates content that helps to promote the real estate agents I work with. As an example, we have a show called Their Downtown where we feature agents in their local downtown, highlighting the ways they’re great at what they do and showcasing the benefits of living and working in their town. We also produce The Elite Agent, a program where we interview real estate agents to find out why they’re the best and how they’ve achieved their level of success. One additional piece of content we produce is a weekly podcast where we spend 45 minutes with a realtor, interviewing them, discussing their story: Where they’re from, what they like, what their struggles are, and what they’re passionate about.

All of these things, from offering financial incentives, promoting their business, and streamlining processes, create a hugely positive working experience for all the real estate agents that I work with. By providing so much extra value to them and showing them that they are important, I ensure that they’ll think of me when there’s an opportunity arising from a distressed property. If you can make the people you work with know that you value them, you can reap the same benefits.