If Congress doesn't agree to raise the debt limit by Thursday, it could have an impact on your wallet.

WKYC financial expert Kevin Myeroff says the markets don't like uncertainly.

It's that uncertainty that could cause a trickle-down effect, which could hurt the local real estate market.

With just three days away from the debt ceiling deadline, homeowners like Kristin Samsa are worried.

She's been trying to sell her home in Mayfield Heights for six months.

"It's very frustrating, I've had tons of traffic come through my house and not even one offer," said Samsa.

Samsa's concerned that the looming default deadline will spike home loan interest rates and squeeze credit, making it even more difficult to borrow.

How quickly we could feel the affects is anyone's guess.

"Is this a Y2K event that turns out to be nothing? Or is it the real deal? There are a lot of very smart people who don't understand all the ramifications and the trickle down effect. It would scare me significantly if we went into default," Myeroff said.

Myeroff says a default could also mean rising interest rates for credit cards and student loans -- not to mention a serious hit to your 401(k).

But Myeroff is optimistic.

"I don't think there's going to be a default, I think the chances of that are slim because the price to pay is just so high," he said.

As for Samsa, she just wants her home sold or for Congress to reach an agreement before the default deadline.

"It used to be so much easier, and now it's just gotten out of hand," said Samsa.

So what should you do to prepare for a possible debt ceiling deadline on Thursday? Kevin suggests looking at your 401(k) and make sure you aren't taking too high of a risk, just in case the market drops.

Also -- have an emergency fund ready.

Kevin suggests setting aside enough money to last three to six months.