I bought a house in Jacksonville, Florida that was definitely out of my price range.
The bank said I could afford it.
Nobody seemed all that shocked I was buying the place. Quickly after acquiring it I realized I couldn’t pay the marotage. I started getting behind on mortgage payments and I was worried about going bankrupt. I sold some of my stuff, worked extra hours, and still I couldn’t keep up. The house was just too much for me. I thought about listing it with a real estate agent. I then realized I might need to make updates. I didn’t have money for that. I also didn’t want to pay closing costs and real estate agent fees. I needed a way to sell the house, get money, and not have anyone realize what a jam I got myself into. A local cash home buyer totally saved my butt. Oh my goodness I would have declared bankruptcy without them. I got them to take my house behind mortgage payments. They gave me a good price for it. I was able to get back in the green and afford a much smaller house not in the middle of the city. You know what, I enjoy my new place more. I like that making my parents happy is easy. I like that it isn’t so grand and lavish. I also like that I finally have spending money again. It is way better to not be freaking about a mortgage payment each month. The cash home buyer was great to work with but honestly I hope I never get in that situation again.
