Have you recently inherited a house in Seaport, NY? Sometimes, when you inherit an estate, you find that there are a lot of unpaid debt and bills to pay. Meanwhile, the house needs to be maintained until you sell it. Once you sell it, you may be able to pay off all the debts, so the sooner you sell it, the better.
And, of course, while you're maintaining the house, costs continue to accumulate. One of the biggest chunks is for the real estate taxes, and they can get high on Long Island. But, you also have other maintenance costs including home insurance (and of course vacant home insurance costs more), utilities, keep the property maintained (e.g. mowing the lawn, raking the leaves, plowing the driveway). It can be time consuming and costly to manage all this, especially if you don't live on Long Island.
Cleaning out the house can take a while (and it's an emotional, too). And, preparing the house for the market takes time and money as well. And, of course all of this reduces the inheritance, especially as more time marches on (those real estate taxes and maintenance costs really add up). Most people don't realize that the average time on market for Long Island is 6.5 months, and that of course the assumes the house is well priced and prepared for the market.
But, what can you do if you can't wait that long? Or what happens if your need to repair the home to make sure it's market ready and you don't have the funds to do that? What can you do?
One of the best and easiest solutions if you find yourself in this situation is to sell the house to a Cash Investor. Investors have the capital (and importantly the cash) to buy your house "as is." They are willing to buy houses in virtually any condition. Then, they fix it up and resell it. At Long Island Cash House Buyer, LLC, we help Long Islanders get out of these difficult situations every week. We buy houses for Cash in Seaford NY (as well as the rest of Long Island.
If you'd like to discuss this further, give me (Rich Witt) a call at 516-262-5240.
