Tips for Absentee Owners Who Need to Sell a House in Long Island

Selling a house can be stressful, especially if you’re an absentee owner. Often, the house is left abandoned and an eye sore to the community. In some cases, squatters end up moving into the property and it becomes nearly impossible to get them out. Although the laws have changed to have squatters removed easily, it still becomes burdensome to have to remove them and then go through the process of fixing the house after the damage they did leaving it behind.

You may have to deal with a long-distance move, property management issues, and the stress of selling a property from afar. However, selling your house doesn’t have to be a headache. With the right tips and guidance, you can sell your house quickly and efficiently, even if you’re not physically present in Long Island. In this article, we’ll provide you with seven tips for absentee owners who need to sell a house in Long Island.

1. Identify the right time to sell

Timing is everything when it comes to selling a house. The real estate market can be volatile, and the timing of your sale can impact your final sale price. Recently, the houses were selling above list price, with lines down the block for open houses, and offers way above the seller’s asking price. Things have slowed up a bit and have eased up away from it being a seller’s market, finally.

As most believe, the best time to sell a house in Long Island is typically in the spring or summer months when there are more potential buyers on the market. However, it’s important to keep in mind that the market can vary from year to year, so it’s important to consult with a local real estate expert to determine the best time to sell your property.

In our market, there really is no better time to sell or buy than now, before interest rates rise again, or it turns back into a buyers’ market and sellers end up having to take less than they originally were asking.

2. Find a reliable property manager

If you’re an absentee owner, you’ll need to find a reliable property manager to help you oversee your property. A property manager can help you with tasks such as rent collection, property maintenance, and tenant management. Having a reliable property manager can help you maintain the value of your property and ensure that your tenants are taken care of during the selling process.

We help homeowners with property management including tenant leasing, showings, repairs, rent collection, and bookkeeping for the landlord. If you want to be a purely absentee passive landlord, we have the systems to help you do so.

3. Price your property correctly

Pricing your property correctly is essential if you want to sell quickly and for the best possible price. Pricing too high can lead to your property sitting on the market for too long, while pricing too low can cause you to lose out on potential profits. A local real estate expert can help you determine the best price for your property based on the current market conditions and other factors such as location, condition, and amenities.

We have a large resource of local real estate brokers and agents on Long Island who are privy to the changes in markets that vary from block to block. We know what will help make a house sell faster than a neighboring property that is similar and listed for the same price or lower. We can help you get the house ready for the market so that you can get top dollar and sell it as quickly and as easily as possible.

4. Consider selling directly to a home buying company

If you’re an absentee owner, selling your property directly to a home buying company like American Property Purchasers LLC can be a convenient and stress-free option. Home buying companies can purchase your property quickly and efficiently, without the need for showings, repairs, or negotiations. This can be especially beneficial if you need to sell your property quickly or if you’re not physically present in Long Island.

Such homebuying companies will take the property as-is, meaning you do not need to do any repairs to the property, they will not require inspection reports or appraisals from a bank or lender since they are buying it all cash. They can close quicker than a buyer who is waiting to obtain a mortgage, that may end up falling through if they can’t get qualified for their mortgage and hold you up in contract for months until you find out they aren’t even able to buy the house in the first place.

5. Make necessary repairs and upgrades

Making necessary repairs and upgrades can help increase the value of your property and make it more attractive to potential buyers. This can include tasks such as fixing leaky faucets, updating appliances, and repainting walls. However, it’s important to keep in mind that you don’t need to do a full-scale renovation. Focus on making small updates that can have a big impact on the overall look and feel of your property.

If you sell to a cash buyer such as American Property Purchasers LLC, you will not need to make a single repair, since you are selling the house as-is so you can hold on to the money that you would have other wise needed to spend in order to get it “market ready” for a buyer to obtain a mortgage.

6. Stage your property for potential buyers

Staging your property can help potential buyers envision themselves living in the space and can make your property more attractive to potential buyers. This can include tasks such as decluttering, rearranging furniture, and adding decorative touches such as plants or artwork. If you’re not physically present in Long Island, consider hiring a professional staging company to help you prepare your property for showings.

If you do not want to stage your property or clean it out because there is way too much in it, then you can instead sell it to a cash buyer who will take it as-is. All you need to remove are the things that you actually want to keep, and leave the rest.

7. Work with a local real estate expert

Working with a local real estate expert can help you navigate the selling process and ensure that you get the best possible price for your property. A local real estate expert can provide you with guidance on pricing, marketing, and negotiations, and can help you navigate any legal or logistical issues that may arise during the selling process.

Selling a property as an absentee owner can be challenging, but it doesn’t have to be stressful. By following these seven tips, you can sell your property quickly and efficiently, even if you’re not physically present in Long Island. And if you’re looking for a stress-free and convenient way to sell your property, consider selling directly to a cash buyer such as American Property Purchasers LLC. They specialize in buying homes directly from homeowners, which means you can avoid the hassle of working with a realtor.

We are here to help you make the sale of your home as quick and as painless as possible, with the least amount of your involvement. Let us know what you are looking to do!