More about Life and your home

 More about Life and your home.

In my last post I spoke about the fact that things that we have no control over (let's call that life) are often the driving force relating to the home you're in, the home you need to sell or the home you need to have. 

Today, I'll discuss how the challenges of health, for both you and your loved one, change how you need to look at housing for your family, today. 

My name is Grant and my companies see the way that issues of health affect the decisions of home ownership regularly. Take a look at these 3 examples, each one drawn from real events. No names will be used, but the points will be clear with each one. Read on to see what I mean...

Imagine that you are living comfortably here in the Dallas area. Good job, great relationship with your partner, and you've ben able to own a very nice home. Pool, 4 bedrooms, a really great place. You have no intention of moving, not now, and maybe this is your lifetime home. Then LIFE gets in the way. 

Your mother lives on her own all the way across the country, and has become very ill , very quickly. After reviewing all the possible choices to help it becomes clear that the you simply need to move to be with her, and you need to do it now. With no intention of being a long distance landlord, and not having the time to the general updates the home needs to be viable for an agent to help sell you're not sure of what to do. 

Needing to sell quickly, not at a super bargain number, and to not have to do the normal updates and repairs that selling on the retail market usually call for is one reason Owner Financing, otherwise known as Seller Financing or Creative Financing exist. Simply look for a company in your area that can help with the process and see how it can be the solution for this very personal challenge. 

Another situation the comes up is the challenge of high hospital and medical bills. Like this one...

Your family has had it's share of challenges, especially financial and it just seems you never catch a break. 2 years ago you were in a serious car accident and spent more than a year in and out of hospitals. You couldn't work and eventually those benefits dried up. Your husband has a nice secure job and you are managing to get by until you can get back to work. Then LIFE strikes again... He has a serious injury at work and not only has bills to pay but is now unable to work. His job takes care of his medical bills, but yours end up being unpaid and more than one creditor is knocking on your door daily. You the only thing you know is that you feel trapped, with no way out. 

If  you were aware of the way Owner Financing can work you would know that you might be able to sell your home without any out of pocket expense. That sale might not only put money in your pocket today, it's possible it will create a new cash flow to you over the next years. It can happen quickly and you don't have to worry about losing your home to bankruptcy or finding a way to become a landlord, with no money to fund it. 

The third situation starts with out in the military...

Your first assignment after joining the service was to help extricate soldiers out of war zones that are actually under fire at the time. It is a tough, rewarding, and exhilarating adventure. As it turns out your team is comprised of the helicopter pilot and 3 other soldiers, 2 men and 1 woman. Imagine finding the love of your life in that helicopter. It's true, and after your tour of duty is complete you stay home. After the wedding and a short leave your husband returns to the war, but not until the two of you picked out and bought a nice 2 story home here in the area. Then, as is often the case, LIFE shows up unannounced. 

 While on a mission your husband suffers serious injuries to his legs making it impossible for him to navigate stairs. The house just won't work any more, without him even living in it for a day. 

Needing to find one story home quickly is the first order of business, but then what to do with the house you just bought? Because you just bought it there has not been enough time for the value to increase, so after all of the normal fees to sell a property in the traditional way it will be very costly and likely take months to find and sell to someone. 

By using Owner Financing in this scenario you can sell quickly, you can spend far less (possibly zero) to get it done and move on with your life. 

If you know of someone dealing with the challenges that life puts in front of us that might need to look at an alternate way of buying or selling a property suggest that then seek out an Owner Financing Specialist in their area. They may have the solution for them.