Congratulations on buying your first home! As a first-time homeowner, you’re surely incredibly excited to start this new chapter of your life. However, you should be sure that you are prepared to move into your new home without any surprises.
Selling your home feels like a balancing act. Trying to perfectly time your home sale while also searching for a new home is tricky. If you’re lucky, you’ll be able to move into your new home and have a perfectly staged empty home left to land the sale. However, if you’re in a hot market, your home might sell before you have a chance to find a new one.
If you’re struggling to afford your home, you’re not alone. According to recent research, 43% of American households struggle to pay for basics like housing. You don’t want to end up losing your home to foreclosure. If you find yourself in this tricky spot, you still have options. One of the most common options if you’re temporarily unable to afford payments on your home is to lease it out.