Being a landlord in New York can be very rewarding, but it can also take some work. Here's what you need to know about managing an investment property.
A recent study estimates that 57% of foreclosed properties are still occupied. A Cash Investor’s Guide to Securing Your New York Home Post-Foreclosure Introduction: Discoveries from recent studies unveil a surprising statistic—around 57% of foreclosed properties manage to retain occupants. This revelation might raise eyebrows, but there’s a strategic motive behind it. Banks, fundamentally in … Continued
If you’ve recently inherited a property in New York and are considering its sale, you’re likely curious about the entire process. Selling a probate property can be a complex journey, but with the right knowledge and assistance, it becomes a manageable task. In this post, we’ll explore five essential insights you need to know about … Continued
Selling a house can be a daunting task, and it becomes even more complex when tenants reside on the premises. As a landlord, finding the right balance between your tenants’ interests and your own needs as a property owner is crucial. Luckily, there are practical solutions for selling a house with tenants in New York. … Continued
When I move, should I sell my house? A promotion you’ve been dreaming of has been offered to you: you’ve just been offered an amazing opportunity in your career. But there’s just one catch: you have to move. Time is of the essence, and you need to settle as soon as possible. It can be … Continued
The real estate market is constantly evolving, and homeowners in New York have more options than ever when it comes to selling their properties. In general, hiring a real estate agent can be a good option for homeowners who want professional assistance with pricing, marketing, and negotiating the sale of their property. Real estate agents … Continued
Life can change and sometimes homebuyers end up underwater, upside down, or with negative equity, despite their best efforts. There is more money owed on the mortgage than the house is currently worth. If you owe more than your home is worth, you may be best off pursuing a “short sale”. Generally, a short sale … Continued
When a mortgage’s principal balance is higher than the home’s current value, this is known as an underwater mortgage, or an upside-down mortgage. Usually, this happens when the market value of the property declines, resulting in its market value being lower than the outstanding balance on the loan that was used to purchase it, causing … Continued
Sell your house before you build equity can be disheartening and can leave sellers owing money at the closing table. What is home equity? It is the difference between the home’s value and the mortgage value that determines equity. When selling your New York house, equity is an advantage since it is the amount you … Continued
For first-time home buyers, the process of purchasing a home can be a stressful experience. The same can be said for selling a home for the first time. A poorly managed sale can result in a failed transaction, cause financial problems, or lead to legal troubles. Knowing what to expect is half the battle, and … Continued
Let’s say you believe you’ve taken all the necessary steps to maximize your profit on the sale of your New York home. You might want to take a fresh look at your house from the perspective of someone who is not attached to emotions. You may be making a big mistake if you don’t address … Continued
That’s a quick no. Selling “As Is” with no repairs. If you choose to sell your home on the open market “as is,” without any repair you may be disappointed. There will be a clear indication of the home’s status on the listing, which will alert potential buyers to the home’s problems. The number of … Continued
Can You Trust These “We Buy Houses in New York Companies”? You’ve probably seen some billboards advertising house-buying companies when driving through New York. In most cases, they say “We Buy New York Houses! ” or “Cash For Your Home”. How Trustworthy Are These “We Buy Houses in New York Companies”? What is the best … Continued