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5 Things You Can Do If You Cant Sell Your Property


Written By: James
Sunday, August 18, 2019

Change Real Estate Agents

Sometimes the problem with selling your home isnrsquo;t the house but the selling agent. The worst performers are ldquo;post and prayrdquo; agents who assume that listing your home on the MLS is all they need to do. The solution is to change your real estate agent. Switching to a high volume real estate agent or someone who specializes in your neighborhood could be all you need to do.

Ask about a Guaranteed Purchase Program

If yoursquo;re moving for work, ask your company or new employer if they have a guaranteed purchase program. These programs will buy your home if you canrsquo;t sell it yourself and then sell it on. Fewer businesses offer programs like these, but you may still get money toward your real estate agentrsquo;s commission.

Make Your Home Look Like What Buyers Want

The problem may not be a bad picture of the front of the house, but that it looks bad no matter how you frame it. Your home may need a facelift. Cut back the shrubbery, clean up the yard, and give it a new coat of paint. Clean up the interior, too, so that it looks like it is well kept. Once this is done, take new pictures if the old ones showed a home everyone else would consider a fixer-upper. In some cases, home staging is necessary so that potential buyers can imagine themselves living in the property.

If your home requires more work than you can handle to attract buyers, then you could sell the property to the real estate investment firm. They visit properties, appraise their condition, and offer a competitive price for them. This is one of the fastest and easiest ways to move a property, especially if you need the money to move into the home you truly want. Theyrsquo;ll even clean up the items you leave behind, so this is the best choice for those who need to close quickly.

Rent It Out

Renting a property out could generate cash flow now while allowing you to wait for the real estate market to improve. Becoming a landlord is a lot of work, though you can hire a property management company to handle that for you. You could also offer the property as ldquo;rent to ownrdquo;, allowing renters the option to buy the property over time. You might be able to find renters who will maintain the property as if it were their own because they hope to buy it one day.



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Francis Hoet - Agent with Douglas Elliman