For many of us, owning a home is part of the American Dream. But if you’re in over your head, homeownership can turn into a complete nightmare.
Simply put, homeownership is inaccessible for many people. As home prices continue to rise, it’s become harder and harder for countless Americans to even afford to buy property. The costs of living also continue to increase, which means that people may have to work multiple jobs or make other financial sacrifices just to get ahead. That may all be worth it if you’re able to buy your own home. But if you haven’t budgeted carefully enough or you go through a personal crisis, you may find yourself unable to make monthly mortgage payments.
It’s all too easy for someone to fall behind on their finances. In fact, many people are just one or two paychecks away from being homeless. Others are already drowning in debt. And even if you have a relatively healthy financial portfolio, you may not want the responsibility of owning a house anymore. This can all lead to stress and frustration you simply don’t need.
In many cases, the solution may be to sell your house. But if you’re facing monetary pressures or other life developments, you may need to prioritize a quick sale. And that may be easier said than done if you’re listing your home for sale in a traditional manner.
In today’s post, we’ll talk about some of the reasons you may need to sell your home more quickly — and the best way to go about doing so.
Why Might You Need to Sell Your House Quickly?
There are a number of possible reasons you might need to sell your home more quickly. For most people, this pressure comes down to either a major life development or significant financial difficulties. Let’s take a closer look at some of the most common scenarios.
- You’re Getting a Divorce: While you might have thought your relationship with your spouse would last forever, that’s unfortunately not the case for every couple. Roughly 40% to 50% of all marriages in the U.S. end in divorce, so it’s certainly an experience many people share. Of course, divorce comes with significant emotional stress. But it can also be a huge burden on your finances. Moreover, you and your former partner may decide that selling the home you shared together will be the best thing for everyone. In these cases, selling your home quickly can help you to move forward in your life and even minimize any interactions you may have to have with your ex. The sooner the matter can be resolved, the better off you’ll be.
- You’re Relocating For Work: Getting a new job can be exciting, but it can also come with a lot of changes in rapid succession. If you need to relocate to a new city or even a new state for work, you may be required to sell your home quickly in order to start your new job as soon as possible. Since you won’t want to be responsible for selling a home from afar (much less make mortgage payments on two houses), it’s likely within your best interest to sell your house as fast as you can. You may not even have time to fix up the house or stage it properly, so finding an alternative option could be imperative.
- You’re Facing Financial Difficulties: Whether you’ve recently been laid off, been hit with a mountain of medical bills, or have simply fallen behind in your payments, the financial stress of a mortgage can be a lot to handle. If you’re having trouble keeping food on the table and you’re being hounded by creditors, it may be time to consider selling your home — and doing it as quickly as you can. Selling your home quickly can actually stop foreclosure, in some cases, and allow you to avoid filing for bankruptcy.
How Home Investors Can Help
Keep in mind that a home may spend months on the real estate market, even with help from an experienced agent. If you don’t have a lot of time to spare and can’t afford to spend any more money on your home, that scenario may be out of the question.
We buy houses as-is and extend cash offers, which will allow you to be that much closer to a fresh start. When we buy cash for homes, those sales typically close in one to three weeks, compared to anywhere from four to seven weeks (or even longer) with a conventional home sale. Rather than spend time and money on repairs, open houses, and negotiations, you can sell your house for cash and walk away with money in your pocket — free of financial responsibility and on your way to a better life.
For more information on how to sell your house for cash with help from our home investors, please contact us today.