Overwhelming Consumer Debt Forces Many People to Get Rid of Their Homes as Quickly as Possible
It’s the most wonderful time of the year to be buying or selling a house.
Is that how the song goes?
It may not have the most melodic cadence, but for many families who are looking to buy or sell a home during the holiday season, this may indeed be the most wonderful time of the year. In fact, getting to start a new year in a new home is a wonderful feeling. And if you have been struggling to sell a home, achieving this goal over the holidays is also wonderful.
Finding a company that advertises that, “We buy homes,” may be tempting, especially if you have been struggling to sell a home for an extended period of time. And while some homes sell in just a few weeks, or even days, others are far more challenging to get sold, so “We buy homes” is a welcome phrase.
If you need to sell property fast you may not be able to go through the traditional channels of finding a realtor, listing and home, and waiting patiently. In fact, if you need help selling a home it is important to understand all of the available options. In a time when many families find themselves financially strapped, finding a resource who knows how to sell a home that may not be in the best shape or the best neighborhood can be a real advantage. Although you may some day be in a situation where you can follow the more traditional real estate buying and selling models, it is important to recognize when you need another alternative. The sooner, the better.
Consider some of these facts and figures about the reasons that some families find themselves in need of immediately selling their home:
- There were 79.90 million mortgages in the U.S. at the beginning of the year 2017.
- 13.5% of the U.S. population was living in poverty in the year 2015.
- There were 956,864 foreclosure filings in the year 2016.
- There were 203,108 home repossessions in the year 2016.
- 12 is the average number of times Americans move in a lifetime.
- As of March 2017, total American household debt reached a record $12.73 trillion.
If you are a home owner who is looking for a way to turn a bad financial season into a more wonderful time of the year you may need to look at less traditional resources, especially if you are trying to sell a difficult to sell property.