Nassau County is located in the easternmost part of New York State, bordering Connecticut. It is a suburban county with over 1.3 million residents and dozens of villages and hamlets. The county seat is Mineola, and Nassau County has been governed by a nine-member Board of Supervisors since 1896. Even though this is such a lovely community to call home, some are looking to sell their homes.
If you are a homeowner in Nassau County looking to sell your home, it’s important to take the time to prepare your home for sale. By doing so, you can help ensure that you get the best price possible for your property.
Selling a home requires much time, effort, and money. In order to sell your home, you will need to make a number of repairs and updates. However, you may not have the time or cash necessary to put into this project. If this is the case, you may want to consider selling your home to a cash home buyer in Nassau County.
A cash home buyer in Nassau County is someone who has the funds necessary to purchase your house quickly and easily, without having you go through all of the typical steps involved with selling a house. The sole purpose of these arrangements is to get people quick cash for their property so that they can use it elsewhere. When you’re looking to sell your home, it’s important to consider all of your options. Selling to a cash home buyer in Nassau County can be a great way to get the process moving simply and easily. Here are some of the benefits of working with a cash buyer instead of selling in a traditional way.
You Will Avoid Closing Costs And More
Closing costs are an often-overlooked part of the home buying process. These are the fees and expenses that a buyer pays at the time of sale in order to finalize the purchase. Closing costs can add up to a significant amount, so it’s important to understand what they are and how to budget for them.
These costs can vary, but they’re usually around 3-5% of the purchase price. They depend on the type of loan a home buyer has and if there are any fees for services related to the transaction. These costs can include title insurance, appraisal fees, attorney fees, deed recording, commission, and loan origination.
Specific closing costs include:
- The lender’s costs, including fees for processing documents and preparing the loan. The closing agent (typically a title company) also passes on some of its costs to the buyer through certain fees, such as origination and recording fees. Often, these are rolled into the total amount of the mortgage.
- Document preparation and recordation. Other paperwork must be completed before the sale can be recorded by the county clerk. The real estate agent’s commission is paid at closing. It can range from 3 to 6 percent of the home’s purchase price, depending on local custom and the amount the seller has agreed to pay.
- An appraisal fee is deducted from the loan amount if it’s less than what the house is actually worth.
- Attorney fees — which go to a buyer’s lawyer when there are legal issues in closing or when a title search produces an issue that needs to be resolved (such as an outstanding lien against a property).
- In some states, transfer tax — a state tax on property transfers from one individual to another, typically 1 percent of the home purchase price.
- In many states, a documentary or closing fee — a tax that’s levied by the locality to pay for recording the certificate of ownership. The cost is somewhere between $10 and $175 depending on where you live.
- Any local taxes or fees required at closing, such as special assessments or sewer hook-up fees (plus any penalties for failure to pay them). In some cases, all buyers must come up with these expenses at closing; in others, they’re paid proportionately by those who use them.
- The seller’s home insurance premium until settlement, when it should be deducted from your check at. If there isn’t an insurance policy in effect, you will have to pay for this yourself.
Selling to a cash home buyer in Nassau County can help you avoid these fees. Since cash buyers purchase homes “as-is,” they don’t have an inspector who looks at the property before making an offer. This means that they will not need inspections, which are another important part of closing costs. Many traditional buyers won’t even look at a home if it doesn’t have an inspection report included with the listing information, so this can save you time and hassle when trying to sell your house quickly.
You Will Save On Real Estate Agent Commission
In order to understand what a real estate commission is, it’s important to first understand the role of a real estate agent. A real estate agent is someone who helps home buyers and sellers negotiate contracts, navigate the legal process, and handle all the paperwork related to a property sale or purchase. Real estate agents usually receive a commission for their services, which is typically around 6% of the final sale price.
In some cases, this commission can be negotiated up or down depending on the situation. Commissions are paid by the seller of the property, not by the buyer.
A commission is the percentage of the final sale price that a real estate agent receives as payment for their services. On average, commissions are around 6% (this varies depending on where you live and other factors), but some agents will take less or more depending on the situation. Sellers pay the commission, not buyers.
Real estate agents receive commissions based on how much they sell properties for rather than by hour worked; therefore, it’s considered to be a “sale” profession (unlike say, Law). Some states require sellers to pay real estate agent’s commissions via escrow, meaning these monies aren’t actually received by the agent until after all contingencies of the sale have been met. Other states allow payment upon closing or settlement.
As for their earnings, according to Realtor.com, the median annual pay for real estate agents is around $43,000. This varies widely depending on where you live and other factors. Some agents are also responsible for paying overhead costs such as gas, insurance, training fees, etc., so this reduces their take-home commission.
By selling to a cash buyer, real estate agent commissions aren’t needed. This allows for the new homeowner to save on agent fees and provides a money-back guarantee.
You Won’t Have To Deal With Any Repairs And Upgrades
When you’re getting ready to sell your home, there are a lot of things you need to take into consideration. Whether you’re doing some basic repairs and upgrades or putting on a full-blown renovation, it’s important to know what the costs will be and how they might impact your bottom line.
The types of repairs that your home may need before selling include:
- New paint
- Clean carpets
- Repair a leaky roof or plumbing issue.
- Fix a broken furnace or air conditioner.
- Removing wallpaper and painting walls in neutral colors.
- Replacing old fixtures with new ones (such as bathroom sink and faucet) and purchasing new matching decor pieces like shower curtains, toilet seats and bathmats. You might even consider replacing light fixtures or cabinets if they’re outdated or don’t match the style of your house anymore. .. It all adds up – and can put a strain on your bank account.
Of course, the type of repairs will adjust the costs, but the average cost of repairing all needed things in your home will range from $2,000 to $10,000. Additional expenses might become necessary once you get closer to closing the deal with new owners. While it may seem like a pain to have repairs done on your home before putting it up for sale, the new buyers will most likely have their own list of things they’d want you to fix or replace if they end up buying your house.
Selling your home, as-is to cash buyers is a great option. For starters, cash buyers are often able to close on homes quickly, which can be a great relief if you’re in a hurry to sell. Additionally, cash buyers usually don’t require extensive repairs or renovations before closing, which can save you time and money. Finally, by selling your home as-is to a cash buyer, you may be able to avoid paying real estate commissions and other associated fees. So if you’re looking for a fast, hassle-free way to sell your home, consider working with a cash buyer.
You Will Avoid Staging, Photography, and Marketing Costs
There is no doubt that in order to sell a property, it is important to properly stage and market it. However, what many people may not realize is just how much work goes into staging and marketing a property.
While staging a property takes time and money, so does advertising it. You will have to pay for professional photography, sign rental, signage, real estate commissions, notary fees, etc. If you are planning on selling your home “as-is” and with a cash buyer (i.e., without any additional staging and marketing), then you will definitely save yourself a lot of time and money.
While the cost of staging can vary depending on your individual situation, there are some general guidelines you can follow to get an idea of what to expect. Everything from the rental of furniture, professional photography to hiring a stager should be taken into consideration.
The cost of doing just the basic staging for your home can range anywhere between $500 and $1,500 depending on the square footage of your home.
To give you an idea of how much goes into staging, here are some examples of items that are often included in these costs:
- Furniture Rental
- Professional Photography
- Sign Rental/Design
- Floor Plan of Home (including measurements)
So if you’re looking to avoid all that work and still sell your home quickly, then consider working with a cash buyer. A cash buyer is someone who is looking to buy your home at market value, but once it’s sold they can act very quickly. Because of this, you get the best price possible and no waiting around to get paid.
You Will Sell Your House Much Faster
When you’re selling your home, it’s important to get the process moving as quickly as possible. In some cases, this means working with a cash buyer. Here are four reasons why selling to a cash buyer is faster than using a realtor.
Many realtors work under strict rules and regulations, which means they may not have enough money to purchase your house if you need it immediately. This is because there are certain restrictions placed on the money they’re able to use for a home purchase. You can avoid all that by working with a cash buyer who has no such restrictions.
When working with a real estate agent, your listing could sit on the market for ages… even after time and money have been spent on staging and open houses. A cash buyer can close quickly, which means you’ll have a sale sooner.
You may be eager to sell, but there are times when selling takes longer than anticipated. Maybe your situation is complicated, or the housing market would limit your options for getting what you need from the sale of your home. A cash buyer will not delay the purchase due to those factors.
Summary
When it comes time to sell your home, you have a few options. You can list it with a traditional real estate agent, you can try to sell it yourself, or you can sell it to a cash buyer. Each of these options has its own set of pros and cons, but selling to a cash buyer may be the best option for you.
With Simple Sell Home Buyers, we offer competitive cash offers on the spot, with no listings, prep work, or showings. All aspects are taken care of by us, meaning that not only will we pay for everything, but we’ll handle everything for you throughout the process.
You won’t have to worry about any of the hassles that selling your home usually entails, like cleaning up or getting it ready to market. With no inspections or appraisals, you will receive a competitive cash offer on the day of your tour, giving you the power to sell on your own schedule.
With our help, you can sell us your house quickly and simply without any hidden fees or closing costs. We’ll even buy your property “as is” so you don’t have to worry about expensive repairs before we close on it! Contact us today at (+1) 516-614-3951 to find out more about how you could get a cash offer on your home!
Image Credits
Home-Start Finance / Google Stock Images
SHRM / Google Stock Images
Young and Associates / Google Stock Images
Massage Chair Store / Google Stock Images
Domain / Google Stock Images
Realtor.com / Google Stock Images
