If you’ve found yourself saying, “I can’t sell my house in Los Banos and Surrounding areas California,” this article is for you. Maybe you’ve been trying to sell your Los Banos and Surrounding areas 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. Tom and Nancy Buy Houses have options for you and if you have a pretty house we can negotiate close to the market value.
Everybody wants to sell their house for more than they paid for it but if housing prices in your area are low, the economy’s not doing well, or your home has some sort of structural or locational problem, you may have to reduce your asking price.
What are my options if I can’t sell my house in Los Banos and Surrounding areas?
Here are five other things you can try when you can’t sell your house in Los Banos and Surrounding areas:
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.
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
If you can’t sell your home and don’t want to hold two mortgages (your old home and your new home) one option may be to rent out your home at or near the price of your monthly mortgage payment. That allows you to apply the rent to your mortgage without having to incur any additional expense – other than upkeep, maintenance and repairs.
4) Consider a Short Sale
“I can’t sell my house in Los Banos and Surrounding areas 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.
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. The professionals at Tom and Nancy Buy Houses have several options for you to choose from. You pick the option that you want, don’t see an option then don’t worry, you just say no and there are no obligations what so ever.
Here are questions that the professionals at Tom and Nancy Buy Houses in Los Banos and surrounding areas are asked alot of “I can’t sell my house in Los Banos and surrounding areas. Help!!”
- Short Sale. If you owe more than your home is worth, you may consider doing a short sale in which your lender accepts less than your mortgage balance to pay off the loan. …
- Foreclosure. …
- Lease Option. …
- Sell Below Market Value. …
- Employment Relocation Program.
- Try A Different Realtor. Perhaps the problem is with your realtor. …
- Lower The Price. The home may not have been priced to sell. …
- Rent The Home. … or do a owner finance or lease option to buy
- Improve The Home. … you have to spend money to make money and improve your house
- Sell To An Investor, like the professionals at Tom and Nancy Buy Houses and let them help you.
One of the most effective ways to sell your home fast is to price it competitively. If you price it too high, you detract prospective buyers out price out potential bidders. In addition, it make take longer to settle the negotiation process if prospective buyers want your price to come down.
- Danger #1: Water Damage. Many people think of damage from hurricanes and heavy rains when they think of water damage. …
- Danger #2: Weather-Related Roof/Flashing Damage. …
- Danger #3: Frozen Pipe Damage. …
- Danger #4: Theft
- I Can’t Sell My House in Los Banos and Surrounding areas CA!
The professionals at Tom and Nancy Buy Houses will do the repairs for you, you don’t have to spend money on doing repairs.
If you are interested in learning more your options for selling your home in Los Banos and Surrounding areas California, call us at 559-715-1651.or fill out the form on this page to get more information sent to you right away.