Cash Real Estate Buyers In Staten Island | What They Do And Why
Staten Island is one of New York’s most popular boroughs, but not all residents currently living in Staten Island have plans to live there in the foreseeable future. While many of these residents will retire in the Sunshine State or somewhere in retirement-country Arizona, a lot of individuals will go to live in assisted living. Whatever causes someone to need to sell their home isn’t really important; of course you should know why you’re selling a home before you commence the process, but the main thing is that you get a reliable home sale.
When you work with cash real estate buyers in Staten Island (like NY Cash For Houses) you can rest easy knowing that you’re getting top-notch service, fair prices, and much more. In the sections below, we’re going to talk about how cash homebuyers in New York work so you can have a better understanding of the process. If you know why individuals are buying homes for cash, then you’ll be able to take a good position at the negotiating table when you go to sell your home.
If you’re certain that selling a home in Staten Island is in your future, then give NY Cash For Houses a call. Our team is standing by and eager to assist you. Discuss your needs and preferences with us and take advantage of our free estimate.
How Does the Process Work on the Homebuyer’s End
Handwritten signs that advertised “We’ll buy your house for CASH!” used to be a common sight on telephone poles and freeway exits, but now many individuals are using the internet to sell a home quickly for cash. In 2018, 91% of homeowners chose to list their houses with real estate agents. Agents can get a house prepped, staged, and ready for the market. They can also guide sellers through negotiations and closing.
Take house-flippers: They buy homes, typically those that are in poor condition and listed at a low price, with the intention of renovating and flipping them to turn a profit. ATTOM Data Solutions found that there were 207,957 homes flipped in 2018, which translates to 5.6% of all single-family home and condo sales. Homes that need significant repairs before they have a chance of being sold on the market are typically sold to cash homebuyers, for these professionals will buy as is.
What Benefits Do Homebuyers Get
Home appraisals are notoriously fickle, for one, and cash homebuyers miss these completely. Lenders determine a home’s worth by weighing it against comparable sales (other homes in the neighborhood that may have sold at low prices for unknown reasons). A low appraisal could lead the lender to reduce the amount of the loan offer, even after the seller and buyer have agreed on a price. Cash real estate buyers in Staten Island avoid this hassle completely.
If you want to cut out all the hassles and necessary expenses that are common with the traditional home-sale model, contact NY Cash For Houses now! We’ll even provide a free, no-obligation estimate.