Everyone loves a strong economy with plenty of jobs, and wages that help people achieve the American dream. For years however, the economy has been going rather down-hill. More recently however, the economy is making some great strides for a comeback, but is it too late for you?
The struggling economy may have had a financial impact on your family that is much too hard to recover from under your current circumstances. A loss of employment, or a change in your mortgage that was originally accounted for but has you drowning in monthly payments you are unable to make. So what can you do about it?
Step 1: Sell your house fast
Your debt is the biggest problem that you have right now. It may be time to downsize and become a renter for the time being while you reset your life. There is nothing embarrassing at all about giving up on a mortgage that you cannot afford to pay. Such a move is actually pretty smart, and will allow you some leverage in your finances to rebuild.
By selling your home quickly to a cash home buyer, you can turn the tables on your finances and cash out fast. Not only will the debt go away, but your credit will be saved, and you would land some much needed cash in your pocket right away. In addition, cash home buyers will often let you have some leeway in the move-out date. This will allow you to find a place and get the move in order.
(Shameless plug) We buy houses for cash, and all it takes is a quick phone call to (877)-990-7774.
Step 2: Eliminate unneeded expenses
Many of us simply can’t go without television. Take it from us, we understand how important our shows are. But nothing is more important than your success, and the well-being of your family. Expenses that can go away are cable, Netflix, credit cards, spring water delivery, and yard service to name a few.
Your t.v. shows will be there when you are ready to watch. With on-demand services and shows going out to Blue-Ray, you can always catch up after you’ve rebuilt.
Your credit cards should be cut up immediately. Your debts should be paid off without incurring new ones, and this can be the smartest way to go about it. After-all, they can always send you a new card when you are ready again.
If you regularly use a lawn service, you won’t need it anymore. Depending on where you rent from here until the financial recovery, lawn care may already be included. If not, it may be wise to save in the long-run, and grab a cheap but reliable mower. If you have allergies, you can hire a neighborhood kid to handle it much more cheaply than a professional lawn service.
Are you someone that subscribes to those deliveries of refreshing cold spring water? Well let us calm your fears about canceling them. One of our team members is a real life germaphobe, and stands by the use of cheap bottled spring water at your local grocery store. The label will tell you if it is real spring water or not, as well as which actual springs the water came from.
All-in-all, take a good look at your expenses and determine which ones are unnecessary at this time.
Step 3: Relocate in the most genius of ways
Across America, there are towns where the cost of living is incredibly cheap. While a single family home in California can reach a few thousand dollars with ease, a mid-western town with a population of 30,000 may offer a single family rental for just $500. In Phoenix Arizona, the median average rental cost is approximately $1,300.
It may seem drastic to uproot and leave your state behind, but it doesn’t have to be forever. Do keep in mind that your new home will be a place where you build new memories, and you may not want to leave when it’s all said and done.
You can research places nationwide through Craigslist and other websites. You can find out not only what the cost of living is out there, but what the job market looks like as well. If you really want to get hands on, you can call up the local community organizations or churches in the area you are potentially moving to. They are always helpful with information and resources to aid in your research.
Having a hard time deciding where to move? Ask yourself this…where have you always wanted to visit? Did you see some beautiful country scenery in a friend’s Facebook photo? How about a museum that you imagined yourself visiting one day? There are some amazing places across the United States that would surely make you proud to call them home.
What’s next?
If you are ready to make the move, call us right away and let us buy your house fast for cash. It’s toll-free at (877)-990-7774, and there is no obligation to receive an offer. Don’t hesitate! Your financial comeback is waiting for you to make a decision now.
The post Is it Time to Downsize and Regroup? appeared first on National Cash Offer.
source https://nationalcashoffer.com/real-estate-blog/time-downsize-regroup/
