Selling a home in Long Island requires strategic timing, market insight, and property presentation. The real estate market is dynamic, and buyers can be unpredictable.

You should start by looking at what similar homes in your area are selling for to determine a fair price for your home. Also, you should make sure that your property is well-maintained and updated.

1. iBuyers

iBuyers are companies that buy homes quickly. They typically offer all-cash offers, which can be helpful for sellers who need to close on a new property quickly. However, it’s important to remember that iBuyers are not home flippers. They’re not interested in purchasing extreme fixer-uppers and banking on reselling the home for a larger margin than they paid.

You start the process by entering key information about your home online or through an app. The company will then crunch the numbers and offer you a price. If you accept the offer, you can close on the home in a matter of weeks.

Sellers who sell to iBuyers get an all-cash offer, don’t have to deal with open houses, and can close on their schedule. However, it’s important to know that iBuyers are not a good fit for every homeowner. They’re generally looking for turnkey properties. They’re not as interested in working with homeowners on a sale and may offer lower prices than traditional buyers.

2. Cash home buyers

If you're in a hurry to sell your house on Long Island, consider working with a real estate agent who has access to cash buyers. These investors can offer you a quick, no-obligation cash offer and close in as little as seven days.

These companies buy homes in as-is condition and fix them up for a profit. They usually pay between 30% and 70% of the home's after-repair value. However, they also charge a service fee that can add up to 5% of the sale price.

Another option is to sell your house 'for sale by owner' (FSBO). This means that you won't have to pay a real estate agent's commission and will need to market the property yourself. This can save you thousands of dollars. However, it can be time consuming and difficult to manage the transaction process. Additionally, FSBO sales often don't end up selling as quickly as traditional ones. This may be due to the lack of MLS exposure and marketing strategies.

3. Real estate agents

Real estate agents are a good option for home sellers who need to sell their houses fast. They have a vested interest in helping their clients buy or sell homes for the best price, and they can handle all aspects of a home sale. They can even help buyers get preapproved for a mortgage and negotiate with home inspectors and appraisers.

To find a real estate agent, ask friends and family for recommendations. Then, interview several different agents to find the one that fits your needs. Ask about their experience, how they market properties, and what their process is like. Also, make sure that they are comfortable with your preferred type of communication (e.g., phone calls or text messages). Also, ask how often they will contact you during the selling process. This information is based on data from the Multiple Listing Service of Long Island and was updated as of 2024. Copyright 2024 OneKey MLS. All rights reserved.

4. We buy houses

If you’re a homeowner in need of selling your house fast, a local investor can buy your home and give you cash in just days. You can avoid the high commissions and expenses associated with a real estate agent, and you’ll be able to sell your property quickly without having to wait for a buyer.

Local investors will usually pay 30% to 70% of your home’s fair market value. They will also pay for any repairs needed to make the property habitable. They can close in as little as 7 days after you accept their offer.

If you want to sell your house quickly and easily, consider selling it to a cash buyer on Long Island. These companies are typically owned by house flippers and follow a 70% rule (buying at about 70% of your home’s after-repair value). They’ll perform an inspection, and then adjust their purchase price to cover repair costs and holding fees.