Get Trapped Equity in Your Reno, NV, House if You Lose Your Job

Becoming unemployed is like your GPS going haywire in the middle of a road trip. One moment, you’re cruising to a clear destination; the next one, you’re forced to take an unfamiliar road. It’s a daunting experience, and it takes some effort to get back on the right track. Thankfully, there are various ways to gain some financial cushioning while you’re out of a job. One of these strategies is selling your home.

Reno, NV residents can take advantage of home cash buyers like Reno Area Home Buyers. We help you quickly access the trapped equity in your property so you can gain extra resources while in between jobs. Keep reading to learn how it works!

Losing Your Job Can Be Hard and Scary

It’s no secret that in order to survive in this society, we need money. We earn money through our jobs, and losing it can jeopardize our daily lives. Finding a new job isn’t easy. There’s stiff competition — the latest unemployment rate in Nevada is 5.75%, which translates to around 18,000 individuals.

You may have some emergency funds allotted for such an event, but the lack of opportunities is eating the money away. Bills are piling up, and you don’t want to end up in debt, further harming your finances. Before you resort to anything too drastic, you can always take a step back and strategize. For some people, this means selling a home to access the equity they’ve built.

Trapped Real Estate Equity: What It Is and How You Can Access It

In most real estate ownership scenarios, people use a mortgage. The debt is paid over time until the loan is fully repaid and the property is owned outright. This process typically takes decades. While you’re paying the mortgage, however, you start truly owning more and more of the property. The difference between the amount you owe and its current value is the equity. Accessing it means realizing the property’s value and turning it into cash that you can use for anything.

Equity is “trapped” because it’s still illiquid, meaning it’s not cash that you can easily exchange in a transaction. Selling the property frees the equity, giving you money that can act as a cushion while you find another job.

We Provide Cash Offers To Help With Your Job Search and Transition

Selling a property the traditional way may not suit your needs or timeline. In Nevada, the average days on the market for residential properties is 71 days. This is too long for many, and some people may need cash ASAP.

Thankfully, cash buyers like us offer a quick and easy way to access trapped equity — in as short as seven days. There’s no need to make repairs or negotiate with unyielding buyers. Reno Area Home Buyers purchase properties as-is so you can immediately receive the money.

What Types of Homes Do We Buy?

Whatever your property’s current condition or attached legal problems, count on us to provide a competitive cash offer. Our team buys homes with the following issues and more.

1. Renovations Gone Wrong: Botched remodeling attempts can be expensive, especially if the issue causes other types of damage to your property. We won’t require you to address the problem if you plan to sell the home.
2. Bad Rental Property Tenants: Having tenants that refuse to pay doesn’t just affect cash flow, but they can also be emotionally stressful to deal with. Thankfully, we can help you get rid of the burden by buying rental properties, even those with existing occupants.
3. Vacant Land and Houses: Vacant properties cost money thanks to maintenance needs and property taxes. While the state has one of the lowest property tax rates in the U.S. at 0.50%, the number can still pile up in the long run. Selling your property is one way to address this issue.
4. Dirty or in Bad Shape: Properties in deteriorated condition are no problems for us. Even if the home is dirty or unsanitary, you can count on us to proceed with the transaction.
5. Code Violations: Addressing code violations can be expensive, especially if the issue has something to do with old systems. Instead of shelling out more money, sell the property to us and avoid the burden.
6. Cracked Foundations: We buy homes even with cracked foundations and damaged support beams. Trust that we won’t require you to address these issues, unlike traditional home buyers.
7. Hoarder Homes: Cleaning up years of accumulated stuff can be difficult, especially if you have an unhealthy attachment to the items. Selling the property to us allows you to move on and live in a clutter-free space.
8. Damaged Homes: Where your Reno home has suffered fire, termite, or water damage, we won’t ask you to make extensive repairs. Count on us to provide a reasonable cash offer.
9. Needs Repairs: Many traditional home buyers prefer that you fix issues with your property before buying. This step can prolong the transaction, leading to unnecessary delays. You won’t face these demands when working with a cash buyer.
10. Abandoned: Don’t let abandoned homes incur fines for becoming a public nuisance or danger. Selling the property to us helps you access trapped equity to use in more pressing matters, such as a job hunt.
11. Fixer-Uppers: Some properties may show promise, but you don’t have the funds to do the necessary renovations. When you sell it to us, we can take care of the home and allow it to reach its full potential.
12. Manufactured Homes: We also purchase mobile and manufactured homes, regardless of their current state. These include RVs as well as single-wide and double-wide trailer homes.
13. Death Estates: Property inherited from deceased parents may seem like a blessing at first until you begin paying property taxes and maintenance costs. Sell it to us to avoid the extra expense.
14. Trash Filled: Don’t expose yourself to unhealthy settings by cleaning out the trash yourself. Let our team take care of the garbage after the sale.

Get Freedom and Resources for Your Job Hunt

A traditional home sale may feel like a trap, especially with the number of steps to do and professionals to work with. Being in this situation while also finding a job can make you feel overwhelmed quickly. Get freedom with Reno Area Home Buyers! We offer a fast and convenient transaction that lets you access the equity as soon as possible. This way, you can focus on applying for jobs and not on the home sale.

Sell the Property to Us for Cash Quickly

Take advantage of our simple process and learn the value of your property immediately.

1. Send details about your home via our form.
2. We evaluate your property and send back a free, no-obligation cash offer.
3. If you accept the cash offer, you can choose the closing date — anything from seven days to two months from now.

Read Our Reviews and Discover Our Process

Over the years, we’ve gained many satisfied clients thanks to our streamlined process. Read about our methods and learn why we’ve earned so many glowing reviews.