Cashing Out of a Second Home
You have owned the place for years, perhaps you even inherited it, you thought you would visit more often, and you thought your family would take advantage of it and come down as well.
They didn’t… Or maybe you did use the place and it just does not meet your needs anymore. Or perhaps the building is about to go through some major costly assessments. Maybe you have been wrestling with the decision to sell, or to keep the place and see if the family really will take advantage of it this year. You may have even considered whether it makes sense to rent it out. You thought of giving it to your kids, but you know that the responsibility of management, upkeep, and paying taxes and maintenance will fall on them, and they have neither the time, money, nor interest in that.
- Do you feel that you are faced with either spending money to get the price you want, or worrying about “getting back the money you spent” after having already upgraded the place?
- Perhaps you already have a good appreciation of what you can expect to get from the current market, in the home’s current condition, location, and size.
There are decisions to make, and the best thing to do is to Contact us so that we can answer questions, set expectations, and help you to determine what the best course of action might be. Below you will find some helpful information that will get you on the right path.