Our homes are often the biggest investment we will ever make. Unlike our other purchases over our lifetimes, our homes typically increase in value over time. That brand new car you bought last year is now worth only a fraction of what you paid for it. Your electronics are practically obsolete the minute you walk out of the store with them. Your home, however, is your King on life’s chess board. Even in Chess, however, there comes a time when your most valuable asset is in checkmate. It may be just that time if you are over your head in debt.
We all know the story. You started receiving your first pre-approved credit cards when you were still in college. You racked up enormous student loan debt and, even after you got out of school and started working, it seemed that every day left you more in the hole than in the clear. You managed to buy a house and hang onto it all of these years. It proved invaluable when it came to tax benefits and, eventually, the mortgage payment was less than you would have been paying in rent. All the time, however, you were racking up more and more high-interest debt. You might want to ask yourself, is it time to sell the house and use the proceeds to be debt free? One of the greatest advantages of selling your primary home is that the profit is tax-free under IRS rules.
Selling your home could be the answer you are looking for to end all of the worry and headaches you have just trying to keep yourself afloat. If you sell now you can always downsize or even consider renting. There is a lot to be said for being foot-loose and fancy-free when it comes to being free of overwhelming debt. The proceeds from your home would likely give you enough money to pay off all of your debts and start anew. It may be your one ticket to a worry-free life, a life where debt collectors aren’t continuously calling and a life where you can afford to breathe.
If you’re ready to sell your home, Seller’s Advantage can help. We can make a cash offer on your home in as little as 24 hours, and purchase it as-is, with no need for repairs, open-houses or delays associated with traditional real estate sales. For more information, give us a call at 1-800-208-3243 or visit us online at www.sellersadvantage.com