REAL ESTATE INVESTOR'S WAITING TO PAY TOP DOLLAR FOR YOUR HOME
REAL ESTATE INVESTOR'S WAITING TO PAY TOP DOLLAR FOR YOUR HOME
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Owning your own home is a rewarding experience, but it comes with a lot of responsibility and maintenance costs. Some maintenance may be routine, but other unexpected repairs can put you in a financial crisis
Usually, people who want to sell an inherited house consider the traditional listing and selling process first. What they rarely consider is the upfront cost of updating, repairing, cleaning, and staging the house to get it ready for sale, all while potentially needing multiple parties to agree on each of those decisions. Then there are real estate agent fees and closing costs to consider. Plus, there’s no guarantee how quickly it will sell.
It seems like today life can throw even more complications at us than it used to. It’s sad to see how common it is for people to find they suddenly have unmanageable debt burdens. Payments for mortgages, credit cards, car loans, school loans, and other debt can easily become more than you can handle. You may even be facing the threat of foreclosure and the prospect of losing the equity in your house to your bank or mortgage company.
There are many reasons that downsizing may be right for you. You may have too much space now that the kids have left the house, or you’re retiring, or the payments have become overwhelming. One advantage of downsizing is less responsibility. A smaller home means less to care for. Cleaning, repairs, and yard work can be more manageable and less costly in a smaller house.
If you own rental property, you understand how challenging it is to be a landlord. The income stream can stop seeming worth it—or stop altogether—with changes in the neighborhood, tenant issues, vacancies, maintenance, repairs, taxes, debt, the list goes on and on.
Many people procrastinate selling their houses because they dread the hassle, stress, and cost involved. There may be improvements or repairs that need to be made that cost time, energy, and money, not to mention having to leave the house in a rush so strangers can walk through it.
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