Home ownership is something that brings pride and accomplishment to people. For many years, owning a home was a major life goal for people. Even though this is the case, so many people still become distressed in their efforts to achieve that goal. At Mastiff Home Buyers we buy houses, but hope that you can avoid becoming a distressed home owner who needs our services.
We are a real estate solutions and investment company, but I we are also invested in home ownership for everyone. We want to teach that being a home owner is so important and how to avoid becoming a distressed home owner.
We Help Home Owners Who Have Become Distressed
We do buy houses from individuals who have become distressed for many reasons. Some can’t pay their mortgage because they get laid off from their job, others get divorced and have to sell in order to divide assets. Still others have to move to start a new job, but whatever the situation, we help them out sometimes by buying their house. Most often people get into trouble due to deferred maintenance. If regular maintenance is not kept up and repairs are not made timely, they often only get worse and more expensive. It’s really important for folks to know that there are strategies that you can employ to help make sure that you don’t get into a distressed situation.
Tips To Avoid Becoming A Distressed Home Owner
When you buy a house, shoot for a payment that is a little less than you can afford to pay, so that you can always give yourself enough money at the end of the month to be able to save for repairs if ever needed. As stated previously, many homeowners let their houses get in such disrepair that they can’t afford to fix them up. Try to put away $100 or $200 every month, or however much you estimate that you may need for repairs in the future. Put the extra money into savings or somewhere you will not spend it, so that when the time comes, you have the money you need for repairs. Your house is going to stay valuable to you as long as you keep it in good repair. Updating cosmetic things like paint, floors, and light fixtures, don’t necessarily matter, but it really is important that you make sure that your main systems, such as, your electric, plumbing/water heater, and HVAC stay functioning and are safe. Repairs must be made timely, because often, they end up being much more costly if you don’t fix them right away.
What To Do If You Do Become Distressed
So it is definitely in your best interest to make sure that you have funds, not only to make your mortgage payment, but also to put away for repairs. However, things do not always go as planned. There are resources available that you may apply for to help you get back on track. If that is not an option for you or you would rather not apply for such resources, it is possible that we can help you repair your house or stop foreclosure. Give Angel a call at 816-535-0076 and get your cash offer today.
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“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
Franklin D. Roosevelt