One thing I don’t like doing, is scaring people with stories of just how bad things can get for home owners who are underwater. I work with enough home owners – and most of them are struggling already, one way or another. The last thing they need is someone dropping horror stories on top of them. Then again, to make the best real estate decisions, you need to be aware of just what can happen if you fail to move forward with an appropriate ‘cash for home’ solution.
Last year, at this time, I was consulting a family who was underwater on their mortgage. They were well aware of the fact that they needed to cut their losses, and sell. They were also aware of the fact that my ‘cash for home’ solution was likely going to give them the freedom and the financial wherewithal to get out of their mortgage mess and move forward with a fresh start.
At the last minute, though, they balked; said something about how a relative told them they would be alright if they waited it out…Of course, I recently followed up with the family, only to learn that they are presently involved in foreclosure proceedings.
The moral of this sad story, which is one that I hear time and time again, is simple: don’t ask a motorcycle driver for advice on how to drive a car….
As much as we all love our family and relatives, the fact is that decisions need to be made with the assistance of experts in the matter. As the top all-cash house buyer in the state of New York (and as someone who has been helping families with ‘cash for home’ solutions even before ‘cash for home’ was a keyword), I tell home owners that they need to listen to the facts, and not their hearts. The fact is that your house (if you are struggling or underwater) is likely worth less than what you owe. The fact is that you will have a tough time selling through an agent. The fact is that a ‘cash for home’ solution could be the way out.
If the aforementioned family had followed through with the ‘cash for home’ solution I laid out, they would probably be living comfortably somewhere, right now, with a manageable mortgage payment, and they would probably still be enjoying the newfound freedom of NOT being trapped under an upside down mortgage. Instead (because a relative told them so), they are in foreclosure and, I’m sure, very much uncertain and concerned about their immediate future.
This post is NOT a scare tactic.
It is what it is. An objective and pragmatic look at the facts, as they are. If you are upside down on your mortgage, or struggling to make payments on a house you can no longer afford, then the facts are staring you right in the face. What you need to do is to find a reliable all-cash house buyer and move forward with a ‘cash for home’ solution – this is your best way out.
Don’t become a foreclosure statistic, call me today and let’s see what kind of ‘cash for home’ solution we can create for you!
To learn How to sell your long island house fast for cash at a fair price go to http://www.maxreturnsrei.com/blog/cash-for-property/ or call us toll free at 1-866-249-7072 x 555
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