I Can’t sell my house Bronx, NY… Help!
If you are in the situation of saying, “Can’t sell my house Bronx, NY,”keep reading this article. It is possible that you have been attempting to get your Bronx house sold for quite a while and you have yet to receive any offers. You must not panic! There are still a couple of options that you can use in order to get your house sold at a reasonable price.
You might be familiar with trying to: lower the asking price. Everyone would like to get their house sold at a price higher than the one that they bought it for, but if the prices in the region are not high, or the economy is having some problems and there are some issues with the structure and location of your house, then you need to lower the price that you are asking for.
What options do I have if I can’t sell my house Bronx, NY?
Below there are five tips you can take into consideration if you are unable to get your house sold in the Bronx :
1) Remove it from the Market
The timing for selling your house might be bad, like for example if there are many houses similar to yours available on the market or in a period such as a winter or holidays when sales are low. For this case, it is better to remove your home from the market for some time, of course, if it is possible for you to continue paying the mortgage and also delay selling it until the market improves.
2) Obtain a Second Mortgage
If you have accumulated a great amount of equity in your house, a great option for you would be to get a loan for home equity- given that you can afford a greater payment each month. If this is not the case, then you could try to negotiate again a plan to modify your loan or make your mortgage a fixed- rate one, with a smaller interest rate. In addition, it can be used to finance other things such as investments in real estate.
3) Rent Your Home
If you are unable to get your home sold and do not want to have two mortgages (one for your old house and one for your new one), then you could rent your house at a price close to your mortgage payment for a month. This enables you to use the rent for your mortgage with no need for extra costs, except for maintenance and maybe some repairs.
4) Consider a Quick Sale
“It is impossible to get my house sold in the Bronx because I owe too much!” It is a possibility if you bought your house in the last couple of years and you now owe more than the value of the home.
In some cases, you might be able to come to a deal with your lender for a smaller sum than that of your mortgage. Also, if the remaining option is foreclosure than most probably your lender will settle for a quick sale.
For this to be possible, you will need a buyer who is able to close fast Like CharlieBuyHouses-We Buy Houses New York-Google-Maps. They can do this for you! Call Them today at Charlie-buy-houses-Citation-listing if you want a hassle-free offer for your home.
Remember that quick sale can have an impact on your credit. If you redeem a pre-foreclosure on your credit history could make you unable to get another mortgage, at least for a period of time.
5) Provide the Option for a “Lease to Own”
The option for a lease to own means that you can rent your house to someone and he has the possibility to buy your house either during or before the expiration date of the lease. It is an excellent option if you are unable to find buyers because you can collect both rent and a lease option fee from the person whom you are renting to while enabling them to save the money in order to offer you a down payment and also establish the credit in order to obtain a mortgage to purchase your house.
In addition, you can include a lease premium to each month’s rent which can be included in the down payment or if they do not intend to purchase your house, you can save it as an income.
I Can’t sell my house Bronx, NY!
If you want to learn more about what options you have to sell your house in Bronx, NY, click this linked article for more information Medium-charliebuyhouses-we-buy-houses-queens