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If you are a Long Island homeowner who is trying to decide whether or not to sell your home for cash to an investor, check out this slide show. We outline the benefits and drawbacks of working with a local professional home buying company from various angles. \n\nIf you\'re home needs costly repairs it can be difficult to sell to a typical retail buyer. You can sell your home for cash to a home Investor who specifically looks for homes that need work. This allows the investor an opportunity to add value to the property and profit. \n\nIf you\'ve inherited a home or are trying to unload a rental property then you may be struggling to pay the monthly carrying costs. If you sell your house for cash to a \"we buy houses\" investor then you can avoid months of these costs, along with broker commissions. Watch this slideshow for a more in-depth discussion!

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sell my home for cash to an investor pros cons

Sell My Home For Cash To An Investor? Pros & Cons.

The benefits & drawbacks of selling your home to an Investor

pro investors can close fast
Pro: Investors can close fast!
  • Most Long Island Investors are ALL CASH home buyers.
  • ALL CASH = No bank involvement and no financing contingency.
  • Investors are experienced home buyers that have systematized the buying process minimizing the potential for problems and issues.
pro long island home investors buy houses as is
Pro: Long Island home investors buy houses AS IS
  • When selling your home to a local investor you don’t have to clean or make any repairs.
  • Home buying companies will remove junk in your yard.
  • Have fire damage, squatters or other problematic situations? A professional house buyer will not shy away and is most likely your best bet!
pro easier than working with a realtor
Pro: easier than working with a realtor
  • No 4-5% broker commission.
  • You don’t have to open your home up to strangers for months of house showings.
  • No need to keep your house clean and clutter free for long periods of time while your realtor tries to sell your home.
pro avoid months of carrying costs
Pro: avoid months of carrying costs
  • Every month your home sits on the market you have to continue paying the bills.
  • Sell your house fast to an investor and you won’t have to worry about taxes, insurance, utilities etc.
  • Don’t waste your money on monthly carrying costs when trying to sell a rental property or an inherited house.
con re investors offer slightly below market value
Con: RE Investors offer slightly below market value
  • We buy houses companies typically make cash offers anywhere from 65 - 85% of retail value.
  • The more work that needs to be done on the house, the closer to retail price an investor can pay as they can make more of their profit from the upgrades.
  • Most of the difference between an investor’s offer and retail price is mitigated by not having to pay costly commissions and months of carrying costs while a realtor tries to sell your home.