Are you stuck with a house that just won’t sell? You’re not alone. In today’s real estate market, there are many reasons why a house may not be selling, but that doesn’t mean you have to stay stuck.
There are three plans to consider if you find yourself in a bind, and they can help you get your house off the market faster and more efficiently.
Whether it’s working with or without a real estate agent, trying a rent-to-own option, or considering a cash buyer, each of these plans has their own unique benefits and drawbacks. Read on to learn more about each of these plans and how they can help you get your house off the market.
Stuck with a house that won’t sell?
Let’s start with a list of things you can do if your house just won’t sell. If you’ve considered or done any of these options and its still not selling we will cover three big things you could try after this list:
Price it correctly:
Make sure your asking price is in line with comparable properties in the area. If your house is overpriced, it will be less likely to sell.
Improve curb appeal:
Make sure the exterior of your house is well-maintained and attractive. This is the first thing buyers will see when they pull up to your house, and it can make a big difference in their impression of the property.
Stage it well:
Make sure your house is clean, organized, and well-lit. This will help buyers envision themselves living there. While staging a house for sale isn’t necessarily a foolproof way of ensuring a quick sale, you may find doing so can give you a bigger advantage than you ever expected.
Make necessary repairs:
Fix any obvious issues with the house, such as leaks or broken appliances. This will show buyers that the house is well-maintained and can prevent them from walking away due to perceived problems.
Be open to negotiations:
Be willing to negotiate with potential buyers on price, closing costs, or other terms of the sale.
Look for other options:
If your house isn’t selling, you might consider renting it out or even considering a lease-to-own option.
Professional help:
Consult a real estate agent or a real estate investor that can give you more insights and advices on how to move forward with your property.
Why won’t my house sell?
There can be a variety of reasons why a house may not sell, such as overpricing, location, lack of curb appeal, poor condition or repairs needed, lack of marketing and staging, poor timing, and market conditions.
When a property is overpriced, it can deter potential buyers from even viewing the property. Additionally, the location of a house can also play a significant role in its marketability, for example, if it’s located in an area with high crime rates, poor schools, or other negative factors, it can be difficult to attract buyers. Additionally, if the house lacks curb appeal, is in poor condition, and requires repairs, it can be difficult to appeal to buyers.
Also, poor marketing and staging, poor timing, and market conditions can also impact the selling of the property. All these factors can make it difficult to attract buyers, resulting in the house not selling.
Here are two strong alternative options you can try to sell your house much faster than the traditional route.
Rent-to-Own Option
If you have a house that just won’t sell, a rent-to-own option may be a good choice for you. With a rent-to-own agreement, you lease your house to a tenant and have them pay monthly rent. After a set amount of time (often one or two years), they have the option to buy the house at a pre-determined price. Rent-to-own agreements are helpful for a few reasons.
First, if a house is sitting on the market, it has no value. A house that’s being used has value and can help you recoup money for it.
Second, people typically don’t put as much effort into maintaining a house they don’t own. A tenant who is paying a monthly fee to live in your house is going to be much more conscientious of the upkeep than someone who doesn’t have a financial stake in it.
Finally, if a tenant decides to buy the house after the agreed upon amount of time, you get to keep some of your equity and you don’t have to worry about finding another buyer.
Consider a Cash Buyer
If you have a house that just won’t sell, you may want to consider working with a cash buyer, such as Garybuyshouses.com.
When you work with us, we will give you a cash offer on your house in any condition in 5 days or less! Leave the repairs, financing, and selling of the house to us.
Other options for a house that won’t sell
There are a few other options to consider if you have a house that just won’t sell. One option is to hire a realtor to help you repair and sell the house. This is called realtor-assisted selling or realtor-auctioned selling. You hire a realtor to help you clean up the house, repair any issues, and get it listed on the market. The realtor will also handle marketing and help you sell the house at a quicker pace.
You also could make some repairs or fix up the house and that might make potential buyers more willing to buy.
Another option is to consider a short sale or a foreclosure. This means that you sell the house for less than what you still owe on it. You can find an agent who specializes in short sales and foreclosures.
Conclusion
If you have a house that just won’t sell, there are several plans you can consider to help sell it. Working with a real estate agent is the most traditional method. A rent-to-own option is a low-risk way to get some money and have a house used.
A tried and true method used by many of clients is reaching out to us at Gary Buys Houses. We can give you a cash offer on your home and take all of the hassle out of selling so you can move n to your next steps.
Please call or text Gary at (801) 382-9199 with any questions