“What should I do to sell my house fast?”
We’ve got the answer! It may be not what you want to hear, but it’s something you NEED to hear. Do you know what to do when your house won’t sell?
DROP THE PRICE!
That’s right. I told you it’s not what you want to hear, but it’s definitely one of your options. We all would think that our house is worth more than the market is telling us it is. We somehow get blinded by the memories that we’ve built in and around that house, and that makes us think no money can really put a price on that.
You may also have gotten advice. It happens all the time in real estate! You take your best guess and you go to your experts and say “What should we list this at?”. And you know what? Often, they’re right on the money. Sometimes they’re low, and sometimes they’re too high.
And if that’s the case, then you need to live within reality because it doesn’t matter what YOU think it’s worth
It doesn’t matter how much money you put into the landscaping of the yard or how much you’ve put into repairs, a $50,000 yard does not mean that the house is worth $50,000 more. In fact, very minimal repairs actually go into increasing the value of a home.
So, the most important thing here is to make sure that you operate inside of reality and the market – the people that live in your area, they’re going to help open your eyes and tell you what’s real.
ANOTHER OPTION YOU CAN TAKE
IS BY DOING A LEASE OPTION.
Lease option is where it doesn’t make sense for you to actually sell your house in the market and yet maybe you still want to move. In this case, what can you do?
What you can do is to collect the down payment with the seller financing option
A family maybe gives you a $7,000 of a down payment saying “We’d like to move in to this house and we’ll cover the payment.”. And depending on how your mortgage is structured, you could get BOTH a down payment in the thousands of dollars and you could collect a positive cash flow on that property!
“Hey, if the market isn’t going to allow me to sell my house for what I need, then this is an excellent strategy for holding on to it longer until it WILL SELL and MAKE MONEY. In the meantime, I can still move on with my life – leave the state to take a new job or simply move into a different house!”
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