There are many reasons why you may need to sell your Wantagh house for cash, so you can sell it really fast. Some of those reasons may include selling the house fast to settle an inheritance, or maybe you need to pay off a large debt. Or perhaps you've lost a job and are afraid you won't be able to keep with the mortgage. Sometimes, you need to sell a house fast to pay for medical bills. Or perhaps you've just moved to another part of the country for a job transfer, or bought a house for an expanding family and just can't afford to pay 2 mortgages at once. Or, perhaps you're going through a divorce and just need to split the assets of the house so that you each can live in more affordable housing. For some, the issue is that their house hasn't been maintained and needs a lot of repairs. Repairs can be expensive, especially if they are major (e.g. replace roof, major water or mold damage, etc.) and if you don't have the funds to fix these, it can be next to impossible to sell your house to a traditional buyer.
There are many reasons why people need to sell their houses fast, but regardless of the cause, speed is of the essence. If you follow the traditional route and hire a realtor, it may take you a while to get your house sold on Long Island, just by the nature of the process. You see here on Long Island, the average time on market is 6.5 months. Part of that is just because it takes a while to market your house and find a buyer. And, the other part of it is that the closing process here in NY takes a while, especially as we are an attorney state. So, it can often take 3 months (and sometimes more) to move from accepted offer to contract to close, with the combination of negotiating, contract writing, inspections, and the mortgage process (it takes much longer to get a mortgage nowadays vs 10 years ago). And, of course, they buyer may need extra time as they may need to sell their existing house before they can afford to buy yours.
Of course the 6.5 months is from the time the house hits the market, and don't forget that there is often a lot of time preparing the house so that it's show ready (e.g. painting, repairs, sanding the floors, cleaning, decluttering, etc.). This can easily take an additional 3 to 6 months, pending on what type of work needs to be done and your schedule.
Obviously, if you need to sell your Wantagh house fast, this timeline may not work for you. The good news is that there is an alternative option. If you need to sell fast, you can sell your home to an investor who will buy it for cash. They have the assets to buy your home in Wantagh, and the funds to fix it up for a buyer. Here at Long Island Cash House Buyer LLC, we help Long Island homeowners who need to sell quickly. We buy houses for cash, and we will buy them "as is." So, you don't need to worry about those repairs, nor updating your house. We can often close as quickly as 2 to 4 weeks, if that's what you need (or longer, if that's what you prefer).
If you live in Wantagh, or somewhere else on Long Island, we can help. Give us a call at 516-262-5420 and ask for Rich Witt.
