Homeownership can be a dream come true, but sometimes, unexpected challenges can turn that dream into a nightmare. Just ask Sarah and Mark, a couple who found themselves facing a mountain of home repairs and financial stress. Their story, thankfully, has a happy ending, thanks to Fairway Homes’ innovative “Sell and Stay” program.
Sarah and Mark loved their cozy Cape Cod, the place where they brought their two children home and built countless memories. But lately, their house seemed to be conspiring against them. First, the furnace breathed its last on the coldest night of the year. Then, a persistent leak sprung from the roof, threatening to damage the already stressed ceilings. The repair estimates were staggering, and to make matters worse, unexpected medical bills had stretched their budget to the breaking point. They were facing a difficult choice: deplete their already meager savings for repairs, or try to sell their home as-is, likely at a significant loss.
The stress was taking its toll. They knew they needed a solution, and fast. Selling their home outright seemed like the only option, but the thought of packing up their lives and finding a new place while dealing with repairs and financial worries felt overwhelming. Plus, with their youngest starting school later this year, they desperately wanted to move to a better school district, a dream that seemed further away than ever.
That’s when they discovered Fairway Homes and their “Sell and Stay” program. It sounded almost too good to be true: Fairway Homes would buy their house for cash, and then lease it back to them, giving them the time and financial breathing room they desperately needed.
After a consultation with Fairway Homes, Sarah and Mark were amazed at how simple the process was. Fairway Homes made a fair cash offer for their home, taking it as-is, including all the necessary repairs. No more worrying about the furnace or the leaky roof! The sale allowed them to pay off their mounting debts, including those unexpected medical bills, instantly relieving a huge weight from their shoulders.
But the best part was the leaseback. For six months, Sarah and Mark continued to live in their home, now owned by Fairway Homes, but as renters. This gave them the precious time they needed to get their finances in order, improve their credit score, and plan their next move strategically. With the cash from the sale and no more repair bills, they were able to aggressively pay down other debts and work on their credit.
During those six months, Sarah and Mark worked closely with a financial advisor. They used the improved credit and the cash from the sale to save for a substantial down payment. They researched school districts, looking for the perfect place for their children to thrive.
The deadline of their lease approached quickly. With a significantly improved financial picture and a clear plan in place, Sarah and Mark were ready for the next chapter. They closed on a beautiful, larger home in the highly-rated school district they had dreamed of. Just in time for their youngest to start school!
Sarah and Mark’s story is a testament to the power of Fairway Homes’ “Sell and Stay” program. It’s more than just a real estate transaction; it’s a lifeline for homeowners facing unexpected challenges. It’s a chance to turn financial stress into financial stability, and to turn a house into a stepping stone towards a forever home.
If you’re facing similar challenges, don’t hesitate to contact Fairway Homes today. Let us help you write your own success story.
