It can be discouraging to put your home on the market and have it sit there for a long time with no offers coming in. There are a number of reasons for a home not selling, from the market being slow to listing your home at too high of a price. Depending on your situation, there are things that you can do if you find your home isn’t budging or drawing any attention.
Sell to a Cash House Buyer
One way to sell your home quickly is to use a reputable cash house buyer, like ourselves, who can usually buy your home as quickly as 7 to 14 days. Cash house buyers have access to their own funding, so there is no waiting around for a buyer to get approved for funding or worrying that a sale will fall through at the last minute.
Lower the Price
If you can get away with selling your home for a bit under the market value, it could help get your home sold faster. It’s important that you look at the pros and cons of doing this before you slash the price of your home though.
Postponement
Sometimes it’s down to timing in the market. When it’s a buyer’s market, there are more homes out there than buyers, so it may be best to wait until there is less inventory out there, making it a seller’s market.
Refinancing
If your reason for having to sell is due to finances, you may want to consider refinancing by taking out a home equity loan or a second mortgage. Of course, this isn’t the best option for everyone. Something more beneficial in this scenario would be to sell to a cash house buyer.
Renting
If you aren’t living in the home you are trying to sell, you may want to consider renting it out rather than selling. It can give you a bit of extra cash each month in most cases. The downside to renting, however, is finding reliable tenants and having to pay for repairs and maintenance.
Lease Options
A lease option is a bit like a rental, in that you are letting someone else the home while they decide if they want to buy it outright at a later time for a predetermined amount. This gives you some cash flow and monthly lease payments tend to be higher than a monthly rent payment.
With some of the above options, it’s best to consult with a real estate lawyer or a financial advisor to see if one of these choices would be beneficial to you or not. If you’re in a situation where most of the above options don’t appeal to you or just aren’t doable, you are guaranteed to sell your home if you go with a cash house buyer. There’s no long wait, we can buy your home as-is, which means not having to make costly repairs and updates, and it removes the hassle and expense of selling your home in the traditional way.
If your home seems stuck on the market and you would like to see how much we can offer you, give us a call today!