If you recently inherited a house in Huntington, NY, but you may be contemplating your options with the house. The main 3 options are live in it, rent it or sell it.
More often that not, if there is more than 1 heir, many prefer to sell it, so that they can liquidate the asset and distribute it equally among the heirs. There are other times when you really have no choice but to sell, because you may need the assets to pay off the debts and/or taxes that the estate has. Some of these debrs many include real estate taxes, mortgage, funeral costs, credit card debt or possibly even a lien on a home.
When there are a lot of debts to pay, people often want to sell quickly. And, when they realize how much it costs just to maintain the house (due to real estate taxes, maintainence costs, insurance, etc.) most want to get the house sold quickly. This is both due to closure as well as expenses. We have found that for the average house on Long Island, it costs close to $20,000 for every 6 months the house sits there.
And, currently the average time on Market for Long Island is 6.5 months. And, of course there's a lot of clean up and repair work needed to get the house ready for the market. So, this can often take 3 to 6 months. And, during that time, you have to maintain the house, and that costs money...and that reduces the inheritance.
And, more often than not, when there are homes that have been inherited, there is often a lot of deferred maintance of the home. This can definitely take time and money to get the house ready for prime time.
So, the sooner you can sell, the more it will save you. And, the soner the proceeds from the inheritance can be distributed.
What can do if you want to or if you need to sell the house sooner? Well one of the bes solutions, if you're in a rush, is to sell you Huntintgton NY house to a cash investor. Investors will buy your home "as is," so you don't need to worry about all the time and money for clean up and repairs. A cash investor can also close much faster as they don't need to qualify for a mortgage.
We here at Long Island Cash Home Buyer, LLC buy Huntington NY homes for cash and fast. In fact, we buy homes for cash all over Long Island. We can buy your home for cash, and we can close quickly. In fact, we can usually close as quickly as 2 to 4 weeks.
If you really need to sell fast, we can help. Give me (Rich Witt) a call at 516-330-6940 and I'd be happy to discuss this with you. We've helped a lot of Long Island sellers who need to sell their home fast so that they can move on with the rest of their
Let us help you.
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Richard Witt
(516) 330-6940
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