Have you ever heard the cliche about a home being the biggest investment most Americans will ever make? It’s true! But unlike stocks and bonds, you don’t get to decide when to stop investing. You have to keep paying the mortgage even when you can’t afford it. That can make you Home Rich and Cash Poor.
The neverending cash investment
After you provide your initial cash outlay (down payment, points, inspection fees, closing costs…) your home will become one of your most reliable assets. Of course, the asset dynamic assumes that you’ll continue paying the mortgage, maintaining the structure, keeping the lawn beautiful, paying the insurance, utility bills and… well, you get the idea.
The bottom line: If you want your home to keep its investment value, you must provide a continuous influx of cash. That’s exactly what a lot of Connecticut homeowners do. In fact, a recent US Today study explains that you and your neighbors carry the 10th highest mortgage debt in the country. (California is number 1 with an average mortgage debt of $342,613. )
As a homeowner, you get used to the idea of being locked into an investment that doesn’t always make sense. Besides, getting out of it can be a process most people don’t care to consider.
Sometimes it gets better, sometimes it doesn’t
Over time, paying to buy and maintain your big beautiful investment becomes a programmed response. If you’re like many homeowners, your income will grow and the whole mortgage-payment process gets much easier. Although, you’ll probably keep investing in your home even if you lose your job, or retire, or get sick, or find yourself working through an unexpected financial crisis.
As you struggle to pay for your kid’s college education, plan for retirement, or pay your medical bills, your bank account may bottom out to zero, but your home will still be worth lots of money. That’s the ultimate definition of Home Rich and Cash poor.
Turn your home into cash
If you’re not happy with your rich/poor investment situation, Next Level Home Buyers wants to help. Let us buy your home. Our Fair & Fast homebuying process puts cash in your hands and that can increase your financial options.
It’s simple.
- Our Home Buying Specialist inspects your home.
- We make a cash offer.
- If you agree, we’ll buy your home for cash.
- We’ll close in as few as 7 days.
Next Level Home Buyers
Contact us for more information about turning your home investment into cash. Give us a call at 860-368-0343 or complete our contact form.
WE BUY HOUSES IN ANY SITUATION:
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Trouble Selling
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Behind on Payments
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Owe Taxes
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No Equity
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Disability
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Bad Tenants
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Pre-foreclosure
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Listing Expired
- Death of a loved one
- Liquidating assets
- Inherited property
- Job loss
- Bad mortgage
- Bankruptcy
- Medical Bills
- Extensive repairs
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Retiring
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Judgments
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Structural issues
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Relocation
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Bad neighborhood
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Downsizing
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Divorce
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Liens
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Code Violations
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Fire Damage
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Condemned Property
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Ugly House
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Environmental Issues
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Title Issues
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Hoarders
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And More
Need To Sell Your Home Fast? Expensive Holding Costs?
Learn More About Our Fair & Fast Cash Buyout
At Next Level Home Buyers, we buy homes regardless of the condition. If you can’t wait months to sell your home and you don’t want pay a huge real estate commission, complete the information form below or call us at 860-368-0343.