If you recently inherited a house in Huntington NY, you may be looking to sell it quickly. It often takes a long time to sell an inherited home, due to the legal probate process, the emotion involved, the work that needs to be done to the home to clean it and prepare it for the market, and of course the usual time involved in selling a house (i.e. finding the right price, the right buyer, inspection & appraisal process as well as the typical contract negotiation and mortgage process.
But, sometimes, you just can't wait that long and your really need to (or want to) sell the house much faster.
There may be many reasons for this. Sometimes, this is as simple as wanting to get an estate settled so that the assets can be distributed. Sometimes it's because debts need to be settled quickly. Those debts could be related to the estate (e.g. funeral costs, debts from the house, credit card debts, etc.) or it could be that one or more of the beneficiaries has their own debts or expenses that they need to pay, and time is of the essence.
There are also emotional reasons that people really want to sell a house fast. This is completely understandable as you associate the house with the loved one you lost. And, if it's your childhood home, it can be even more emotional. Selling the house quickly helps create closure.on the grief. It certainly doesn't solve the grief and loss, but it does make a bit easier.
Of course managing an inherited home takes time an money, and it can be even more challenging if you don't live in Huntington. If you're out of state, it can delay things and everything seems to take longer and cost more money. And, the process seems to drag on longer.
There is a lot involved in clearing out the home so it's ready for the market. Often, it can take 3 to 6 months, including the time to repair and fix up the home. Many inherited homes have deferred maintenance, so it takes time to clear out the possessions and to get contractors in to fix things up (e.g. sand the floors, replace the carpeting, paint, replace broken items, etc.) All of this take time and money, and sometimes, the estate doesn't have liquid assets, so that creates another issue. (read on if that's your issue as there is a creative solution to get out of this dilemma).
Once the house is ready for the market, it can still take a while to sell the house. In fact, the average time on market for Long Island is 6.5 months. This of course assumes that the house is priced well and sells. If it's priced too high, it's likely to take much longer.
Of course, time is money. Maintaining a house costs money. You need to factor in real estate taxes (which are high on Long Island), vacant home insurance, utilities and other general maintenance costs (e.g. mowing lawn, aking leaves, shoveling/plowing, etc.). In fact, we found that for Long Island, it costs nearly $20,000 for every 6 months that a house just sits thee - whether it's on the marker or waiting to go on the market. That is real money and means a reduction in the inheritance.
So, what if you want to or NEED to sell your inherited home on Long Island faster? Well, the fastest way to sell your house in Huntington NY is to sell it to a cash investor. You see a cash investor can buy the house right away, without the need to prepare your house for the market, and without the need to find or pay for a real estate agent.
We help homeowners in Huntington NY, as well as all part of Long Island, by purchasing homes for cash. Because we are cash buyers, we don't need to qualify for a mortgage (which takes a long time) and we have an expert team so we can close very quickly. In fact, we can often close on a Long Island home in just 2 to 4 weeks, if that's what you need. (Or, if you prefer to wait longer, that is fine, too...we work with your schedule).
Not only do we buy houses for cash, but we also buy houses in all conditions. So if your house needs a lot of repair and TLC, we can take care of that, so that you don't need to come out of pocket on those expenses. Likewise, if you have a lien on a home, we can take care of that as well so that you can close quickly without coming out of pocket.
If you need to sell your Huntington NY home fast and for cash, give me (Rich Witt) a call and I'd be happy to discuss this with you.
Let us help you.
Contact us Today!
Richard Witt
(516) 330-6940
Comments(0)