Are You Making Double Payments?
Mary and John purchased their new home 200 miles away because John had been transferred and needed to start at the new location in March. The real estate agent who was listing their old home told them not to worry – once spring sales pick up he would get a buyer for them in no time.
In October, Mary and John were still making monthly mortgage payments on two houses – their new one and their old one, because guess what, the old one had not sold yet.
Many people like Mary and John have no choice other than moving and leaving their old house behind for an agent to sell. They take the needed cash for the 'double payments' out of their savings, sometimes even out of their retirement funds, just to stay current on the mortgage and preserve their credit.
Meanwhile, they’re risking that the money they are shelling out each month will never come back to them. Extended listing periods, changing markets, the cost of upkeep and holding costs, and the costs of selling, all work against them.
The problem with double payments is that you’re doing the right thing, but what suffers in the wake of double payments is your current home and your family.
If you’re in that situation, contact us today! We can make a cash offer, and close quickly, so you can use your 'double payment' money in more beneficial ways next month. Get out from under the thing that is keeping you up at night! Give us a call at (413) 252-CASH (2274)!
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