The Market Shows Signs Of Cracking In Texas, 6 Moves That Can Be Made
It’s our mission to make money matters a little less insane. We provide financial editorial content free for all and are supported by affiliate partners included in this post which earns us a commission. We hope you enjoy our content and subscribe to our newsletter.
The sun is shining on the real estate market one moment, and the next it looks like the clouds came out to rain on the parade. Across the country you’re seeing some price reductions. Mortgage rates have more than doubled from historic lows over the past 2 years, and it could be a whole new ball game.
In great markets it’s easy to sell. When the real estate market faces challenges, it’s not time to panic for sellers; it’s time to strategize.
In a good market you might get quicker sales, in a challenging market there might be less inventory meaning less competition for you (which is a good thing for sellers). It’s possible the market could stay solid with a lack of inventory, or drop when new inventory opens up (which would be great for buyers).
With an uncertain real estate market and uncertain economy, check your homes current cash offer below and some other big moves to make.
1. Curious how much your home would sell for right now? Many Homeowners Are Shocked At How Much They Can Get
Are you ready to sell your home? Just curious to know what you can currently get for your home? Need to upgrade or downgrade? Maybe you just want to move.
Whatever the reason, did you know there’s a way you could receive a no obligation cash offer within 24 hours without any broker/agent, or any showings? And it might be a really great offer.
There is no obligation to sell and it’s completely free to check what your offer is: Offerpad could give you a competitive cash offer right now. Many homeowners are surprised by how much they can get. Offerpad is a large real estate company that has bought and sold thousands of homes.
All you need to do is fill in a 3-minute questionnaire. Just answer some questions about your home and Offerpad will carefully evaluate your home with local market expertise.
If you choose to accept your offer, Offerpad will also provide you with free local moving to your next place. You can also pick your closing day, which could be in as little as 24 hours, or choose to extend your stay to live in your current home longer.
After you review your offer, if you don’t like it, you could choose to have Offerpad list your home instead (but again, there is no obligation to do so). They can even help with getting a new mortgage.
Find out what your home’s cash offer is right now.
2. Protect Your Family By Leaving Them With Up To $2,000,000 (This Is A No-Brainer)
Life insurance is something we don’t like to think about but the reality is the longer you wait to get it, the more expensive it becomes. It’s best to lock in a low rate when you’re young and healthy than when you’re older. And because today is the youngest you’ll ever be, there’s no better time than today to get a life insurance policy.
Life insurance is made fast, easy, and done online with Ethos, a company that lets you apply online in minutes without leaving your couch (no medical exams, no blood tests) and get personalized term life insurance offers based on your family’s needs. Up to $2,000,000 in coverage.
You’ll simply answer a few health questions as part of the online application. Ethos has helped protect over 100,000 families and has provided over $34 billion in coverage.
Coverage is affordable through Ethos, term life insurance policies go higher or lower depending on factors like age, health and coverage amount, you can complete the company’s application in 5 minutes right now.
Get your free quote from Ethos today and help ensure your family’s financial future is secure.
3. Get A Top Financial Advisor For A Second Opinion (This Is Not Just For Wealthy People)
There is no better time to plan for your financial dreams than right now. Maybe you want to retire easly, maybe you want to buy a house, a boat, save for your child’s education. Whatever the reason, failing to plan is like asking to fail.
A professional money manager/advisor could do wonders for your financial future, and getting a second opinion from a pro certainly doesn’t seem like it can hurt. A financial advisor could help you create long-term strategies for building wealth and managing risk, you just have to pull the trigger and start. They can help you pick investments, they can help you create a plan, maximize your Social Security, tax plan, protect your assets and offer you peace of mind by ensuring you’re on the right track.
If you have a portfolio value of over $50,000 (it could be a combination of cash, stocks, bonds or other assets), there are no-cost online services that make it easier than ever to find trustworthy financial advisers in your area. For example, WiserAdvisor is one of the best services for this. You fill out a short questionnaire and are instantly matched with up to three local fiduciary financial advisers, all legally bound to work in your best interests.
The process only takes a couple minutes, and you’ll likely even be offered a free consultation. WiserAdvisor is an independent matching service that helps individuals find the best financial advisor for their unique needs. They have successfully helped over 100,000+ individuals like you find their ideal financial advisor since 1998.
The best advisors will work with you, as a partner, to make a game plan that puts you on track to achieve your financial goals.
This has the potential to be hugely beneficial: Take a minute to fill out the short questionnaire now. Find out what advisors you’ll be matched with.
4. Try This Instead Of Using High Interest Credit Cards
Look, sometimes you need to use a credit card. But sometimes it’s like throwing cash down the drain because of high interest. If you own a home and need cash and don’t want to use crazy sky high interest credit cards or loans (we don’t blame you), you could use your home to take out a lower interest home equity loan instead. You could use the cash for virtually anything you want (like paying off debt, home improvements, or something else) and potentially save thousands of dollars in interest payments.
A home equity loan allows you to borrow money using the equity in your home as collateral. Because you’re using your home as collateral you usually can get much better interest rates than other loans or using a credit card. You receive the money from a home equity loan as a lump sum, and you pay back the loan in monthly payments.
Instead of paying high credit card interest, you could take advantage of much lower rates using a home equity loan.
How to shop for the best deal? LendingTree is an online marketplace that will show you multiple lender options and how much cash you can get in under 2 minutes (just answer a few quick questions about your home and your results will apear). It has been finding top loan options for Americans for more than 20 years.
Check your rates right here.