What To Expect From NY Cash For Houses | Trusted Homebuyers
Many homeowners spend decades in their first homes, and this in large part explains why the first home selection is so important. However, other homeowners are less attached to the places they live in, and these individuals require a change of scenery on a near frequent basis. As it turns out, many residents of New York, the city in particular, are individuals who belong to the latter group; they cannot stay in one place for a long time and therefore require flexibility with their living conditions so they can pick up and go whenever they please.
Unfortunately for a lot of individuals who would like a change of scenery, reselling a home that’s been lived in for a long time is not such a straightforward process, and this is largely because many individuals selling homes nowadays choose to go down the traditional home-selling avenue, which involves realtors, real estate agencies, closing costs, lender approvals, and a bunch of other aspects that most individuals would rather avoid if they can.
For those who want a cost-effective, hassle-free experience that’s quick as well, contacting NY Cash For Houses is the best option. We are a fast house buyer in the Bronx, and we also serve Queens residents, Manhattan residents, residents of Staten Island, Long Island homeowners, and a variety of other New York residents. Read through the sections below to learn more about what you can expect from NY Cash For Houses, a fast house buyer in the Bronx that’s been serving New York and the surrounding area for years.
There’s no time to waste! You can take advantage of a great cash home-selling process now. Get in touch with us via phone, email, or through our online website and discuss your unique preferences with our knowledgeable representatives. We’d love to help you get your property sold, quick and easy.
“Who’s buying homes for cash nowadays and why should I trust them?”
Many individuals and businesses are buying properties in cash nowadays. Buy-and-hold investors, for example, buy homes and use them as rental properties to generate passive income. Additionally, there are institutional investors that purchase at least 10 rental properties at a time, and Invitation Homes, for example, is a subsidiary of Blackstone that operates rentals in 17 markets across America.
In Q1 2019, 1.9% of single-family home and condo sales were sold to institutional investors, according to ATTOM Data Solutions. A benefit of selling to buy-and-hold investors is that you can arrange for a more flexible closing date; you’ll also likely receive a price that’s better than what a house flipper would give you.
A house flipper is someone who buys houses, 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 houses flipped in 2018, which translates to 5.6% of all single-family house and condo sales.
If you want to avoid all the hassle in the home-selling process, contact NY Cash For Houses, a fast house buyer in the Bronx!