Mary and John moved 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 in their in no time. In October, Mary and John were still making monthly mortgage payments on 2 houses – their new one and their old one, because guess what, it hadn’t sold yet. 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.
Many people like Mary and John have no other choice than moving and leaving their old home behind for an agent to sell. Meanwhile, they’re risking more and more that the money will never come back to them. Extended listing periods, declining markets, cost of upkeep and cost 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 have already moved out of the house or live outside the area, your life is probably too busy to manage a vacant property. You are not alone. Handling a property like that can be extremely difficult and risky. Professional thieves target vacant properties regularly and make their livelihoods stealing valuable copper piping and wires or utility units from air condition and heating systems, and even vandalize the property when they’re done. When that happens you’re not only losing money but additional time is being tied up in insurance claims and paperwork. There are tons of things on a property that command your attention. When you can’t be there to keep a proper eye on it, your asset can quickly turn into a liability.
At Three Two Investments we come to agreements quickly and close even faster. In many cases we can pay cash for the property and close without any restrictions or approval processes from lenders or banks, so you can go on with your life.
Real Estate Company
Three Two Investments