Long Island homes in probate come with really tempting price tags. But even though they are cheaper than most listings in the market, there is a certain “catch” behind every sweet deal—and that is the long waiting period until the seller completes the entire probate process.
If you have been eyeing a property of this type, I’m sure you have been wondering how long exactly do you have to wait? Well, the answer depends from one state to another, as the waiting period is largely affected by probate laws.
In some states, your wait can take up to four years from the date of passing! Sounds pretty stressful, right? Luckily, the process is much faster here in Long Island NY. You just need to wait for up to six months, or an average of three months. In best case scenarios, your seller can even complete the entire probate process in as fast as two months!
To learn more about homes in probate and the legal process behind them, please read this helpful post: https://realtytimes.com/advicefromtheexpert/item/1023974-what-is-a-long-island-ny-probate-sale?rtmpage=reneperrin