House That Needs Repairs

Selling a house that needs work in Wyandanch

The advice people are usually given is to fix the house first and get a better price. Sometimes that is right. Often it means spending money you do not have on a property you are leaving, and hoping the market pays you back for it.

How we help owners of a Wyandanch house that needs repairs

Our genuine advantage here is that we run millions of dollars of construction a year, so we know what the repairs on a Wyandanch house actually cost rather than guessing at them.

That is useful to you even if you never sell to us. We will tell you what we think the repairs run, which ones a buyer's lender will insist on, and which are cosmetic and not worth doing before a sale. If that analysis points toward making the repairs and listing rather than selling as-is, we will say so, and it happens more often than people expect.

Selling a Wyandanch house without making any repairs

The repairs stop being your problem the moment we agree a price. We are buying the house in the condition it stands in today, and the offer reflects exactly that.

What we will not do is what a retail buyer usually does: agree a price, send an inspector, then come back with a list of repairs and a demand for a credit. The repairs were in our number the first time. A Wyandanch seller should be able to plan around a figure that does not move.

Why local knowledge changes the number

A four-bedroom on Mt Avenue. A three-bedroom on Beech Street. A two-bedroom on Irving Avenue. All of them in Wyandanch, all bought by us.

Wyandanch is roughly 12,046 people in Suffolk County, ZIP 11798, and the housing stock is mostly cape cod, ranch, multi-family. Around Wyandanch LIRR station and Geraldine Park, most of it is old enough that the mechanicals are on their second or third life. The Wyandanch stop pulls buyers who commute, which supports the good houses and does very little for the ones that need a roof. We have bought enough here to know which streets take water, which blocks still have oil tanks in the ground, and what the Wyandanch Union Free School District does to a resale price.

What the repairs really cost once you count the carry

The pitch for making repairs first is always the finished price. What gets left out is everything between here and there: the money for the repairs, the months while the work runs, the taxes and insurance and utilities through those months, and the commission at the end.

Run all of it before you commit. On plenty of Wyandanch houses the repair route genuinely wins, and we will tell you when yours is one of them. On plenty of others the arithmetic is far closer than the contractor's quote made it look.

How we can profit on repairs a Wyandanch owner would lose money on

We run millions of dollars of construction a year. That buys materials at contractor pricing and keeps crews working steadily rather than bidding for one-off jobs, and the result is that the same repairs cost us roughly half what a homeowner pays to have them done.

That is the whole reason this works. A homeowner paying retail for pre-sale repairs usually cannot recover the cost out of the sale price. We can do the identical work for about half and still leave room in the number, which is why we can buy a house that needs repairs nobody else wants to take on.

How selling a house that needs repairs in Wyandanch works

  1. 1

    You tell us about the house

    An address in 11798 and a rough idea of condition. Two minutes on the phone or the form. We do not need photographs, a clean house, or anything fixed first.

  2. 2

    We come and look at it

    One visit, one person, usually under half an hour. On a cape cod or ranch of the age most of Wyandanch was built, we are mainly looking at the roof, the boiler and the electric rather than the kitchen.

  3. 3

    You get a number in writing

    Within 24 hours, as a written figure rather than a range or a "starting around". Take it to a Suffolk County agent for a second opinion if you want to. On a house already in showable condition, listing may well beat us, and we would rather you knew that.

  4. 4

    You pick the closing date

    Fast if you need fast, or months out if you are waiting on probate, a tenant, or somewhere to move to. Either way you skip the 87 to 102 days a listed Wyandanch house spends finding a buyer and then waiting on that buyer's mortgage.

Repairs worth making before a Wyandanch sale

The repairs that matter to a sale are the ones an appraiser or an underwriter will flag. Everything else is a negotiation about taste.

Walk your list with us and we will tell you which is which. What we will not tell you is that every repair pays for itself, because it does not. A homeowner paying retail for repairs and recovering them at market rarely comes out ahead, and anybody promising otherwise has work to sell you.

The kind of houses Wyandanch actually has

Long Island housing of a certain age carries a predictable set of repairs: an oil tank nobody wants to discuss, a roof at the end of its run, old wiring in a corner of the attic, a basement that takes water every spring.

We have seen every item on that list many times over. In Wyandanch specifically, the cape cod and ranch stock tends to need the same handful of repairs, which is exactly why we can price a house quickly and stand behind the number.

What you do not pay when you sell a house that needs repairs

Every line below is a cost of listing a house that needs repairs the retail way that simply does not arise here.

Agent commission
$34,250 at 5% of the Wyandanch median
none
Seller closing costs
About $13,700 on a $685,000 sale. We can cover these.
none
Repairs to make it listable
Whatever the house needs, paid up front
none
Cleanout and removal
Per truckload, before anyone views it
none
Carrying costs while it waits
Taxes, insurance and utilities across the 87 to 102 days it takes to find a buyer and then wait on their lender
none

Get an as-is number before you spend on repairs

Whatever repairs you are about to commit to, get a written as-is figure first. It costs nothing and it gives you the one comparison that matters: what the house is worth today against what it might be worth after you have spent the money and the months.

Sometimes the repair route clearly wins and we will say so. What you should not do is discover afterward that a large check written for repairs moved the sale price by rather less than the check.

Common questions

How bad does a Wyandanch house have to be before you walk away?

We have bought houses that needed taking back to the studs and a few that needed demolition. The scale of the repairs changes the number, not whether we are interested.

Should I get my own inspection?

Not on our account. If you already have a report, show us and it saves a little time. If you do not, spend the money elsewhere, because we will be assessing the repairs ourselves anyway.

Will you ask for a credit for the repairs after the inspection?

No. The repairs are priced into the offer when we make it. A number that moves after the fact is exactly what sellers in this position are trying to get away from, and we know that.

Would I do better making the repairs and listing?

It happens, particularly when the repairs are cosmetic and the Wyandanch market is moving. It happens less often when the repairs are structural, or when the money has to be borrowed. We will give you an honest read either way.

Can you point me to a contractor if I decide to make the repairs?

Yes. We work with trades across Nassau and Suffolk constantly, and we are glad to point you at people who do good work at fair prices, even when the outcome is that you list the house instead of selling it to us.