The real estate recession in the USA is upon us. Property values are likely to get a lot worse before they get better, as we see the biggest housing crisis for 50 years. Foreclosures are mounting and debt is a huge burden. The good news however is - you can protect the value of your property from further falls right now.
How can I Protect against further falls?
The answer is contracts that are being provided by a number of companies called:
"Lock in value property equity"
Essentially for a small affordable fee, you "lock in" the value of your property at a set price, when the contract is signed. This is the minimum price that you are guaranteed for your property should you wish to sell it.
How Am I protected?
The company giving you the "lock in" value gives you the option to sell your house to them at anytime after 2 years after the contract has been signed and you can protect yourself for up to 10 years.
Regardless of how far property prices fall, the company is obligated by the contract to buy your property at the agreed "locked in" price.
That sounds good - but what about if the market turns up?
Well if it does, you have the right but not the obligation to sell to the company granting the "lock in" value. If prices rose, you can sell your property to whom you wish and take advantage of any increases made.
So essentially I have a set locked in price which no matter how far the market falls I am guaranteed that price but if the property rises in value gains on mine?
The above summary is correct.
This contract allows any property owner to gain peace of mind for a small affordable fee. Real estate prices can be volatile as we are seeing now and we are arguably in the midst of a real estate recession.
People are worried and want protection.
In life we protect many of our assets yet, one of the most important and biggest assets we have is our home and we don't. Companies are now offering contracts such as the above so you can protect probably one of the most important assets you have - your home.
As we have seen the country is fighting not to fall into a recession - but even if it doesn't, the real estate market has a lot of problems ahead and is unlikely to recover quickly.
Real estate recession USA - it sounds frightening and for many property owners it is - but the good news is contracts like the above, can help you "lock in" the value of your property and gain peace of mind which is well worth considering.
