If you’ve found yourself saying, “I can’t sell my house in Your Home Town ,” this article is for you. Maybe you’ve been trying to sell your Your Home Town house for a while now and haven’t received any offers, don’t panic! You still have a few options at your disposal to help you sell your house for a fair price.
You’ve probably already tried the first one at least once: Lowering the asking price.
We know how frustrating it can be when you’re eager to sell your home, but the odds seem stacked against you. If you find yourself facing obstacles like low housing prices, a sluggish economy, or issues with your property’s structure or location, you might be feeling like there’s no way out. We pride ourselves on helping homeowners navigate the trickiest of situations, turning challenges into opportunities and roadblocks into stepping stones.
Perhaps housing prices aren’t quite where you’d like them to be right now. Instead of feeling defeated, let’s strategize together! We have a keen understanding of market dynamics. As interest rates fluctuate, we know that some buyers might hesitate to take the plunge. Yet, this presents an incredible chance for sellers like you.
Selling your house should be an rewarding experience, not a daunting task. Let us provide the support and guidance you need to navigate the real estate market successfully. So let’s start with options.
What are my options if I can’t sell my house in Your Home Town?
Here are five other things you can try when you can’t sell your house in Your Home Town:
1) Take It Off the Market
You may be trying to sell your home at a bad time, such was when there are a lot of other houses just like yours on the market, during the winter months, or during the holidays.
If this is the case, you might be best served by taking your home off the market for a few months – if you can afford to keep paying the mortgage – and wait until market conditions improve. Perhaps, take the time to put in a few upgrades.
2) Take Out a Second Mortgage
If you have built a lot of equity in your home, you may want to take out a home equity loan — if you can afford to pay the higher monthly payment, that is. If not, you may be able to renegotiate a loan modification plan with your lender or convert your adjustable rate mortgage into a fixed-rate mortgage that has a lower interest rate. The loan can be used to fund other things, including real estate investments.
3) Rent Out Your Home
Consider renting out your home at a rental rate that closely aligns with your monthly mortgage payment. By doing so, you can utilize the rental income to cover your mortgage costs without incurring any extra financial strain—except for the usual upkeep, maintenance, and repairs that come with being a responsible homeowner.
This clever strategy allows you to take advantage of a win-win situation. You get to explore the possibility of becoming a landlord while ensuring your home doesn’t remain vacant, all while easing the financial pressures associated with two mortgages. The key to success lies in the rental demands of your neighborhood, and we can help you evaluate that to make an informed decision.
Embrace the opportunity to explore the rental route and leverage the rental income to ease your financial situation.
4) Consider a Short Sale
“I can’t sell my house in Your Home Town because I owe too much!” This can happen if you purchased your home within the past few years and currently owe more than the home is worth (called being upside down).
In some instances, you can negotiate with your lender to accept less than what you owe on your mortgage. If it looks like the other option is foreclosure, your lender probably will accept a short sale.
To do this, you’ll need to have a buyer on board who can close quickly. Fortunately, we can! Give us a call today at (984) 315-6198 for a no-hassle offer on your house.
Keep in mind, however, that short sales can affect your credit. Redeeming a pre-foreclosure on your credit history might disqualify you from getting another mortgage, at least for a little while.
5) Offer a “Lease to Own” Option
A lease to own option is when you rent your house to somebody with the option to purchase your home at or before the lease expires. This is a good option if you can’t find qualified buyers because you can collect rent plus a lease option fee from a tenant while giving them time to save up for a down payment and establish their credit so they can get a mortgage to buy your home down the line.
You also can add a lease premium to their monthly rent that can either be applied to the down payment later or – if they don’t end up exercising their option to buy your home – you can keep it as income.
I Can’t Sell My House in Your Home Town NH!
Perhaps none of these options seem to work for you and your unique situation. If you are interested in learning more your options for selling your home quickly and with minimal hassle, call us at (984) 315-6198 or fill out the form on this page to get more information sent to you right away.