Are you struggling to make ends meet? Making do with less, but still finding it difficult to stick to your budget?
The economy over the past several years has put you and a lot of people like you in a tough financial situation. The American Dream and middle class has been redefined in the wake of the recession. More and more people are opting out of home ownership because of the monetary obligations of a mortgage, home insurance, maintenance costs and repairs.
If you haven’t considered it, you may want to think about how you can put the equity in your home to good use if you can tap into it to improve your lifestyle and get your financial house in order. If you sell your house, you gain access to equity that can help you dig out of a hole and get back on the road to recovery.
In this post, we look at three signs that your home equity may be hurting, and not helping you.
You’re Living Paycheck-to-Paycheck. If you are like the majority of Americans, stagnant wages, under employment or a long period between jobs has put a strain on your ability to meet financial obligations. Tapping equity in your home through an equity loan doesn’t present an affordable alternative because the added monthly expense will only make your cash flow tighter. A cash house sale can quickly free up equity assets that you can put to good use by paying down debts and having an adequate income to meet monthly expenses.
You’re Putting Off Home Repairs. Home repairs can be costly, but the cost of not attending to needed maintenance can be costlier in the long run. The longer you wait, the less your property value becomes. A cash house sale can be made for “as is” property, allowing you to avoid repair costs and put some money into your pocket instead of into a house that has become unaffordable.
The Neighborhood is Going Downhill. The number of foreclosures over the years led to a lot of unattended homes. Entire neighborhoods saw declines in value as a result. Increased rentals and absentee landlords didn’t help the situation much. Fortunately, many neighborhoods have bounced back, but they won’t regain those original values. Sometimes it is best to get the most that you can from the sale of your home and avoid the next downturn in the market.
If any of the above three signs describe your situation, it may be time to consider selling your home. Sitting on equity, when meeting daily financial obligations is a challenge, doesn’t make sound fiscal sense. Why continue to struggle when you can clear the slate free of debt and unaffordable costs? A cash home sale can free up the equity that is better used now to live a more comfortable, stress-free lifestyle.
Can a House Cash Sale help you?
Do you have a piece of property (house, lot, or land) you’d like to sell fast? Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property.