Financial reversals can happen to anyone, sometimes without warning. It is difficult to comprehend the anxiety and worry that accompanies financial troubles unless you have gone through them yourself. Digging your way out of a financial struggle can be a real challenge. Often, the only way out is to cut your biggest expenditure–your mortgage payment. The easiest way out of a mortgage you can’t afford is to sell to a home buying company. Here’s why:
Selling your home may be the only way to get back on your feet. However, a conventional sale can cost you money that you simply don’t have. If you are behind on your payments, chances are you don’t have the cash floating around to make any necessary repairs, updates, or remodels required for a traditional sale. Luckily, there is another way. Home buying companies will buy your home as-is. That means that you don’t have to lift a finger or spend a penny getting your home ready to sell.
If you are already behind on your payments, the last thing you need is to continue heaping more payments on top of what you already owe. Because a conventional sale can take the better part of a year to complete, you don’t get that needed relief from your payments for months. When you sell your home to a home buying company you can close in as little as seven days. Just imagine what you could do with the money you will save on those payments!
During a financial crisis, it is usually best to cut your losses and start over. It’s certainly not the time to spend 6% of the sale price on realtor commissions. It’s also not the time to lose 2% off the sale price in closing costs. And yet, that’s the price you pay for a conventional home sale. Instead, sell your home for fast cash to a home buying company. You won’t pay a penny in commissions or closing costs. Instead, you get to use your money to get back on your feet.
You have probably wondered if you can even sell your home when you are behind on your payments. Thankfully, you can when you sell it to a home buying company. That’s what these companies are for–to help you get out of a bind when times are tough.
Learn more about how cash home buyers like BuyBHM are there to help you by clicking here! If you are behind on your mortgage payments, BuyBHM is here to help!