I moved to Phoenix, Arizona, right out of college.
Although I was weighted down with a significant amount of student loans, my future appeared bright.
I managed to land a job with an exciting start up company in my chosen field. There was considerable opportunity for upward mobility, bonuses and incentives. Rather than throw money away on rent, I decided to invest into my own home. As a first time homeowner, I had no idea what to look for or what to beware of. I found a house on a corner lot that looked cute, suited my needs and offered some enticing amenities. The real estate agent definitely took advantage of my naivety. I didn’t know enough to ask for a home inspection. As soon as I moved into the house, there were problems with a leaking roof, a lack of insulation in the walls, single pane windows, low water pressure and an older HVAC system. At first, I was hopeful that I could solve these issues and create a comfortable living environment. I contacted service professionals and charged their fees on my credit card. Unfortunately, the company I worked for went bankrupt. I had no warning. One day, I arrived at work to find everything shutdown. There was no severance package. I was unemployed and severely in-debt. At that point, I could no longer cover my mortgage or keep up with my credit card bills. I was still dealing with my student loans. My credit rating was horrible. I couldn’t even sell my home because of its condition. Fortunately, I discovered a cash home buyer in the Phoenix area. The company specializes in all types of real estate, from buying to selling, and makes offers on homes in any state of disrepair.