As a non real estate agent, I'm constantly learning from my customers (some of them in very challenging financial and personal situations) and from my real estate friends (who serve all different niches, towns and segments of the market). It's fascinating as I see both sides of the situation as well as the breadth of challenges out there. I empathize with my customers and do my best to listen and when I can, I make suggestions to help.
Through one of my friends, I've recently learned about a new (to me) segment of the population where they need to sell their houses REALLY FAST and they often can't wait the length of time for a typical transaction to transpire. Here in New York (right outside NYC), we have a mature market, and most homes (in most towns) may be on the market for 3-6 months (assuming of course that they are priced properly). And, then, once there is an accepted offer, it will often take 3 months or so until the closing (some of this is due to inspections, mortgage process, the fact that we are an attorney state in NY, as well as many needing to coordinate the sale of their old home in order to buy the new home). Some people just can't wait 6 to 9 months. Sometimes, this just isn't economically feasible.
During those 6 to 9+ months, the owners need to continue to maintain the home (this may include shoveling, mowing or raking the lawn, keeping the house heated (or cool enough in the summer) and cleaned. They also need to continue to pay real estate taxes (which are extremely high in our neck of the woods), and some need to pay HOA or maintenance costs (pending on where they live). And, of course, we all know that when you sell a house, there has often been neglected maintenance items that now need to be fixed...and that costs money.
Well what happens if you are barely making ends meet (or worse) and can't afford this? What happens if you are behind in your mortgage and running the risk of a foreclosure? What happens if you just inherited a house from your parents (or other relatives) and now all of a sudden you are faced with all of these extra costs to maintain and prepare the house for market, but no money to invest in it? What happens if you live out of state, and it's just not feasible to get there to deal with all of this? What if there are some extra large unexpected costs (e.g.a large tax lien that was owed on the house, a roof that needs to be prepared, water damage or other items that may prevent you from selling the house?).
These things are not fun to deal with. They can be emotionally draining and financially stressful, especially if you are in a very tight financial situation. Well thankfully, one of my business colleagues, Rich Witt, helps homeowners that find themselves in these situations. He owns Long Island Cash Home Buyer and helps sellers who find themselves in these situations. You see, he buys the house for cash, so the process is super fast (in fact it can often be as quick as 2 weeks).
He has the ability to buy the house "as is," and he will even have the entire house cleared of all the items and junk (this can really help those who have inherited a house, especially if they are super busy or live out of state. He makes things so much easier for his clients. He has the financial ability to fix the house up and pay off any liens that may be on the house. He is often a lifesaver for many.
He helps those that really need help, so that they can get on with the rest of their lives.
Rich Witt has helped many sell their homes fast in the following situations:
- People that need to sell their house "as is"
- Those with large tax liens
- Those that have already moved out of state (e.g. for a new job) and need to sell their prior house quickly so they don't have to pay 2 mortgages
- Those on the verge of a foreclosure
- People with serious house problems that may prevent them from selling (e.g. roof replacement, water leakage/damage, buried oil tanks, major plumbing or electrical issues.
Rich has helped so many people. He's there to help the underdog, and we all love hearing underdog success stories.
If you live on Long Island and need to sell your house super fast, give Rich a call at 516-330-6940 or check out his website, Long Island Cash House Buyer.
