Local Home Buyers USA
New York Inheritance Guide
How to Sell an Inherited House in New York Without Repairs or Realtor Fees
Whether you’re the executor, administrator, trustee, or beneficiary, we make it simple to sell an inherited home as-is. Get a no-pressure cash offer in under 24 hours, pay no realtor fees, and close on your schedule — even if Surrogate’s Court is involved.
Illustrative Cash Offer
$512,000
Close in
7–21 days
No Repairs or Cleaning
Coordinate with Surrogate’s Court
Local New York Title Network
*For demonstration only. Actual offers vary by market and property specifics.
We buy inherited houses in New York — fast, fair, no repairs.
New York Title Basics
Do You Need Surrogate’s Court to Sell?
It depends on how the property was titled. Here are the most common paths to transfer and sell an inherited home in New York.
Transfer-on-Death (TOD) Deed
If a valid TOD deed was recorded, title can pass directly to the named beneficiary. Title will advise on required affidavits and recording docs to sell.
Survivorship / Trust
With a joint deed that includes survivorship (JTWROS/TBE) or a living trust, title often transfers outside probate. The surviving owner or trustee can typically sign to sell.
Estate Administration
If there’s no TOD, survivorship, or trust, an estate may be opened in Surrogate’s Court to appoint a representative to convey title. In some cases real property passes by operation of law — your title company will advise the cleanest route.
Choose What Fits Your Timeline
Ways to Sell an Inherited House in New York
No two estates are the same. Here’s how the main options compare for speed, effort, and certainty.
- No repairs, cleaning, or showings
- Flexible closing (7–21 days common)
- We coordinate with the estate & title
- No realtor fees; standard costs often covered
- Potentially higher price after make-ready
- Requires repairs, showings, and longer timeline
- Pay commissions & carrying costs
- Control marketing & showings yourself
- High time commitment; manage legal paperwork
- Buyers may still request repairs/concessions
Interactive • New York
Instant ARV & Net Proceeds Estimator (NY-Tuned)
Estimate retail ARV, compare a traditional listing vs. an as-is cash sale, and see an illustrative net-to-you. Includes co-ops/condos, transfer taxes, flip tax, and per-heir view. No data leaves this page.
Varies by city/county (e.g., NYC RPTT + NYS transfer tax). Adjust as needed.
Common in co-ops; set to 0 if not applicable.
Don’t know ARV? Estimate from 3 nearby sales
We’ll average your comps and auto-fill the ARV field above. Always adjust for condition, bed/bath, and location.
How this estimator is tuned for New York
Markets: We model investor appetite differently for NYC core, Long Island, Westchester/Rockland, Hudson Valley, Capital Region, Central NY, Finger Lakes/Rochester, Western NY, and the Southern Tier/North Country. Liquidity, resale velocity, and rehab costs vary — so the illustrative investor % of ARV starts higher in denser, faster-moving submarkets and lower where velocity is slower.
Property types: Co-ops and condos behave differently from fee-simple homes. Co-ops often include Board approvals, financials, and potential flip taxes; condos involve HOA docs and certs. 2–4 family properties may attract both homeowners and investors. We apply light modifiers under the hood to reflect that reality.
Title path: Clean title or TOD/survivorship/trust can close quickly. Estate administration (probate) typically adds steps and time; co-op board approvals can also extend timelines. We surface those differences in the timeline and recommend adjusting your carrying costs accordingly.
Local taxes & fees: New York has state and (in some cities, like NYC) local transfer taxes on sales. Co-ops sometimes have flip taxes. Rather than hard-coding rates, we expose Transfer/Local Taxes % and Flip Tax % so you can adjust to your building/county.
Per-heir view: If multiple heirs will split proceeds, we show an illustrative per-heir number to make conversations easier and faster.
NYC & Suburbs
Co-ops & Condos: What’s Different When You Inherit
Apartments aren’t fee-simple homes. Timing, documents, and approvals can change the selling path.
Co-ops (shares + proprietary lease)
- Board approval required for your buyer; some boards allow estate sales to approved entities only.
- Possible flip tax (flat or % of price); add it in the estimator if applicable.
- More paperwork: building financials, house rules, alteration history, lien searches.
- We coordinate with the managing agent and your attorney; cash offers can be structured to align with the Board process.
Condos (fee ownership of a unit)
- No board approval for buyers, but expect lender questionnaires and HOA docs/certs.
- Common charges (HOA dues) and capital assessments affect holding costs — include them.
- Title readiness still matters: estate documents, affidavits, payoffs, and taxes.
- We buy as-is and can time closing around HOA deliverables and estoppels.
A Clear Path Forward
Executor & Heir Playbook: New York Edition
A practical roadmap we use with families across the state. Adapt it with your attorney’s guidance.
1) Confirm authority & title path
If there’s a TOD deed, the beneficiary records required affidavits to update county records. With survivorship or tenancy by the entirety, the surviving owner generally has signing authority. Homes in a living trust are conveyed by the trustee. If none apply, your title company and attorney will confirm whether to open an estate in Surrogate’s Court and what documents the representative will need to sign.
2) Gather the essentials
Collect a copy of the death certificate, any will or trust documents, recent mortgage statement, tax bill, HOA/maintenance statements, insurance info, and basic photos. If there are multiple heirs, a shared folder or group email keeps everyone aligned. Don’t worry about deep cleaning — we buy homes as-is.
3) Choose your sale path
Listing can fit updated properties on flexible timelines. But when repairs, distance, or life events make speed and certainty the priority, an as-is cash sale avoids months of showings, renovation bids, and carrying costs. We show both options transparently so you can decide with confidence.
4) Understand taxes at a glance
New York has an estate tax over certain thresholds; there’s no separate inheritance tax. Many inherited properties receive a step-up in basis to fair market value at death, which can reduce capital gains if you sell soon after. Confirm with your tax professional — we can loop in your advisors early so closing is smooth.
5) Title, liens, and payoffs
We work with reputable New York title partners to obtain payoff statements for mortgages, HOAs/maintenance, utilities, and taxes. If there are judgments or estate expenses, the settlement statement can direct proceeds accordingly. Where the court requires approvals or notices, we coordinate so timelines are realistic and stress stays low.
6) Close on your schedule
Some families want a quick 7–10 day close; others need 30–45 days. Occupants, clean-out timing, and court milestones can all be accommodated. Funds are typically wired by the title company on the day of closing per your instructions.
Avoidable Headaches
Top Mistakes NY Heirs Make (and How to Avoid Them)
Waiting months for “one more cleanup”
The longer you hold, the more you spend on taxes, utilities, and maintenance. Decide up front if make-ready ROI is truly worth it. Our estimator makes that math simple.
Underestimating co-op/condo timelines
Board approvals and condo docs can add weeks. If certainty matters, a cash sale timed around building deliverables can de-risk your calendar.
Not aligning heirs early
Small misunderstandings balloon under stress. Use the per-heir view, set expectations, and let us coordinate signatures and distributions through title.
Fair • Fast • Clear
How Our NY Cash Offers Are Built
Three inputs drive everything
- ARV — The likely retail value after updates.
- Condition — What it actually needs (roof, HVAC, windows, cosmetics).
- Timeline/Title — Clean title vs. estate/board approvals changes risk and time.
We show our math line-by-line and we’re happy to talk through comps, repairs, and timing so you’re never guessing.
Why sellers choose certainty
Many heirs prefer guaranteed timing over chasing the last dollar — especially with co-op/condo approvals, multiple heirs, or distance. With us, the price you see is the cash you get — no commissions and no last-minute surprises.
Get Your Free As-Is Cash Offer (New York)
No repairs. No realtor fees. We coordinate with your title path — TOD, trust, survivorship, estate, or co-op/condo requirements.
New York FAQ
Inherited House — Questions We Hear Most
Can we sell before Surrogate’s Court is complete?
Often, yes. With cooperation from the personal representative and title company, a sale may proceed while the estate is open, subject to court and title requirements. We’ll help map the cleanest route.
Do TOD deeds avoid probate in New York?
If a valid TOD deed was executed and recorded, probate may be avoided for that property. Title will confirm required affidavits and releases before closing.
What about NYC transfer taxes?
NYC has local transfer taxes in addition to the state tax. Your attorney will confirm the applicable rate for your property and buyer type. Use the estimator’s Transfer/Local Taxes % input to model it.
The home needs major repairs — must we fix anything?
No. We buy as-is. Take what you want and leave the rest — we handle cleanout and post-close work.
Can you help with mortgages, taxes, or liens?
Yes. We work with title to obtain payoff statements and can direct eligible balances from proceeds at closing.
Do you buy statewide?
Yes — NYC’s five boroughs, Long Island, Westchester/Rockland, Hudson Valley, Capital Region, Central NY, Finger Lakes/Rochester, Western NY, and beyond.
This guide is educational, not legal or tax advice. Always consult your attorney and tax professional.
Why New York Sellers Trust Us
- 5-Star reviews & real results — see our Testimonials
- Lightning-fast process — offer in under 24 hours
- Fair cash offers — no fees or commissions
- We solve complex situations — probate, multiple heirs, repairs
- 100% free and zero pressure
The price you see is the cash you get.
