Home Selling Options
Today, in Our Real Estate market, selling a home is not as easy as it has been in the past. You may find yourself without a single interested buyer and forced to rethink how you want to approach your dilemma. Sure, you could spend hundreds of dollars on marketing and advertising fees just to promote your home. But at this point, it would be encouraging to cut your losses if you see no possible buyer in sight.
Delay the sale of your home
It is possible that today is not the right time to sell because of market conditions. You could wait until the inventory of homes drop and the demand goes up. Most of the time, spring it the best season to put up your house for sale.
Maybe not the best option in this type of market due to the fact that most homes are not appraising for enough money. But if you are selling because of a financial necessity, it would make more sense for you to take a home equity loan than to sell your house on a bargain. Be sure that you can pay the monthly payment before using this option though.
Rent out your property
It may make more sense to rent out your property even if the rental fee is not enough to pay off the mortgage on your house. For example, if you suddenly have to relocate because of work related matters, It would be more practical if someone is paying rent for your house rather than you paying the entire mortgage for an empty house.
Short Sale consider the option
If you owe more than the value of your house, then it is time for you to consult with an agent who specializes in this field. The real estate agent may be able to negotiate with the lender to accept a payment that is less than what you owe on the home.
By: Robert A. Hulme - Realtor - Loan Officer -Utah County, Including Provo, Orem, Pleasant Grove, American Fork, Lehi, Highland, Alpine and Cedar Hills, Eagle Mountain, Payson, Saratoga Springs, Spanish Fork, Springville, Mortgage Xpress, Agent