What we take on when a house needs work
Most owners facing a list of repairs have been handed numbers by contractors with an interest in the job being large. We price repairs every week, at contractor rates, on houses we own.
So the most helpful thing we can do is give you a realistic read: which repairs genuinely need doing, what they cost at trade pricing against what you would be quoted retail, and whether the Coram market will return that money. Then a written as-is number, so you can compare the two paths properly instead of guessing at one of them.
Selling a Coram 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 Coram seller should be able to plan around a figure that does not move.
Why local knowledge changes the number
A four-bedroom on Judith Drive. A three-bedroom on Winside Lane. An one-bedroom on Skyline Drive. All of them in Coram, all bought by us.
Coram is roughly 40,220 people in Suffolk County, ZIP 11727, and the housing stock is mostly hi-ranch, ranch, colonial. Around Route 112 and Middle Country Road, most of it is old enough that the mechanicals are on their second or third life. We know which of these streets take water, where the older systems fail first, and what the Longwood and Middle Country school district does to a resale price.
What the repairs really cost once you count the carry
The median house in Coram sold for $575,000 and took about 38 days to go under contract, then another 45 to 60 days waiting on the buyer's mortgage. That is 83 to 98 days in total, for a house that was ready to show on day one. That assumes a house in showable condition. Getting there means paying for the repairs up front, carrying the house while the repairs are being done, then paying commission and closing costs on the far side.
Sellers frequently find that the finished-house price, minus the repairs, minus the carry, minus the commission, lands close to a straightforward cash offer they could have taken months earlier with none of the risk attached.
Why the same repairs cost us about half what they cost you
People reasonably ask how we make money buying houses that need repairs when a homeowner making the same repairs often loses money on them. The answer is not clever. It is volume.
Because we are running construction constantly, we buy materials at contractor pricing and our crews are already scheduled. The repairs on your house cost us in the region of half what you would be quoted to have them done. Same work, same standard, different cost basis, and that difference is what funds the offer we hand you.
How selling a house sold as-is in Coram works
- 1
Start with the basics
Where the house is (11727) and a rough sense of its condition is all we need to begin. Call or use the form. Nothing needs fixing or clearing out beforehand.
- 2
We walk through it once
A single visit by one person, normally under thirty minutes. With a hi-ranch or ranch built when most of Coram was, the roof, heating and electric matter far more to us than the kitchen does.
- 3
You see the number
Within a day you get our offer as one written figure. Get a Suffolk County agent's opinion alongside it if that helps. For a house that could go on the market as it stands, listing may come out ahead, and we will tell you if so.
- 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 83 to 98 days a listed Coram house spends finding a buyer and then waiting on that buyer's mortgage.
Lender repairs versus pretty repairs
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 Coram actually has
Coram is largely hi-ranch, ranch, colonial stock, much of it built long enough ago that the mechanicals are on their second or third life. Boilers, wiring, roofs, and one bathroom last touched decades ago.
That is ordinary here, and none of it is a reason for us to walk away. Houses of that age come with repairs attached. We have bought plenty of them in Suffolk County and we price the repairs rather than react to them.
What you do not pay when you sell a house sold as-is
Listing a house sold as-is the usual way brings each of these costs with it. Selling to us brings none of them.
- Agent commission
- $28,750 at 5% of the Coram median none
- Seller closing costs
- About $11,500 on a $575,000 sale. We can cover these. none
- Repairs to make it listable
- Whatever it takes to make it listable, paid in advance none
- Cleanout and removal
- Per truckload, before anyone views it none
- Carrying costs while it waits
- Taxes, insurance and utilities through the 83 to 98 days a listing takes to sell and close none
Get an as-is number before you spend on repairs
A written as-is offer is free and it takes one visit. Get it before you sign a contractor's proposal, not after.
With both numbers in front of you, the decision is arithmetic rather than a feeling. Repairs plus carry plus commission, set against a cash figure available now. Plenty of Coram owners look at the two and decide to make the repairs, and that is a perfectly good outcome. The mistake is committing to the repairs without ever seeing the other number.
Common questions
Can you sell a house as-is?
You can, and to a cash buyer it is the normal way to sell. The price already accounts for the condition, so there is no repair list and no renegotiation after an inspection. Selling as-is is about repairs, not paperwork. Whatever disclosure a Suffolk County seller owes still applies, and your attorney is the one to confirm it.
How bad does a Coram house have to be before you walk away?
There is no condition threshold. Repairs are a line item for us rather than a decision point, because we do this work constantly. Tell us the worst of it and we will still come and look.
Should I get my own inspection?
You are welcome to, but you do not need one for us. We price the repairs ourselves, and we are not going to use an inspection to renegotiate after the fact.
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?
Sometimes, and we will tell you when we think so. It depends on which repairs, what they cost you at retail, and whether the market rewards them. Get the as-is number first so you are comparing two real figures.
Can you point me to a contractor if I decide to make the repairs?
We can. If you decide the repairs are worth making, we would far rather you used somebody reliable than whoever answers the phone first. Ask us and we will tell you who we would call.