We Buy Houses - New Orleans LA: The housing market is, undoubtedly, in a position that makes it hard to sell a house. A few years ago there was a new day in home mortgage lending practices. Everyone wants to be a homeowner. It’s the American way, after all. No credit? No problem. No job? No problem. We won’t check. Everyone deserves to have a house, right?
In the past, the American way included growing up to get a good job or going to college or trade school so you can get a great job. Couples saved for their first house, drove modest vehicles until they could afford better ones, and lived in such a way that they could someday afford those nicer things. What happened to that time and those common practices of young couples? The raising of kids turned a corner and the new generations didn’t want to wait until they could afford what they wanted. Credit companies lavished card after card on those students who were still in college and if you spent your limit on a credit card? Just ask for a higher limit! In fact, it became almost standard for credit companies to issue higher limits without you even asking.
This has done harm to our financial systems and has created a generation of overwhelmed consumers that don’t know how to live without using credit to buy what they want. Many people are over their heads in credit debt due to such basics as groceries and household needs. It’s an ‘instant gratification’ solution that is only very temporary. Feel like pizza for dinner but don’t have money until payday? Charge it! The housing market went the same way. Loans for mortgages were given out like candy to those who couldn’t afford them or who took them on at too large of a percentage of their income to make the payments.
The monthly payment on your mortgage shouldn’t exceed ¼ of your income for best results. Otherwise, when the jobless rate climbed dramatically, these same people lost their homes. Foreclosures are at record numbers and most of the time the reason is clear. Credit was extended to those who might not have been truly able to afford what they were borrowing. Want the 4 bedroom house when you can only afford a 3 bedroom? No problem. Well, at this point it has become a big problem and has created a huge number of houses for sale. If you’re trying to sell this will make it more difficult to do so.
Do not spend the time or money repairing your home and getting it ready to show…. We will buy your home “As Is” so you don’t have to do the work. We are as serious about buying your house as you are about selling it. Selling a house is usually an expensive and complicated process. That’s why real estate agents make thousands (sometimes tens of thousands) of dollars on a single sale. But, when we buy your house, there are no commissions to pay and best of all there is no “waiting” involved.
Call us today at 985-441-9733 and leave a message on our 24 hour recorded message line. Or Visit us at DeepSouthHomebuyers.com and fill out our online seller questionnaire.