If you’ve found yourself saying, “I can’t sell my house in Sacramento, CA” this article is for you. Maybe you’ve been trying to sell your Sacramento house for a while now and haven’t received any offers, don’t panic! You still have a few options at your disposal to help you sell your house for a fair price. Sometimes the best options are born out of necessity and where you wold not have thought.
My name is Peter Westbrook and I am a Cash Home Buyer based in Stockton CA. For the past 10 years I have helped hundreds of family’s resolve real estate nightmares and allow them to get on with their lives, by selling their house in Sacramento. Our goal has always been to find the common ground with every homeowner and solve their problems one step at a time. We know real estate and we are experts in helping homeowners dispose of unwanted Sacramento houses at fair market value. It really is that simple.
If you have been trying to sell a house in Sacramento and it is not moving, there are a number of options that you have. You’ve probably already tried the first one at least once: Lowering the asking price. It doesn’t always work, and there are so many other options.
Everybody wants to sell their house for more than what they paid for it. But, it doesn’t always work that way. Sometimes the housing prices housing prices in your area have leveled off, or the economy’s is sluggish, or your home has some deferred maintenance or locational problem. It’s unrealistic to think that every house will get top dollar just because a sign is planted in the front yard.
Most people dont want to hear it, but you may have to reduce your asking price even more. The bottom line is unless you add value you may not be able to sell that Sacramento house for what you want. In today’s posting I want to walk through some of those options with you. Who know’s one might just work for you. If not you can always contact me here or call me at (209) 481-7780 and we can talk about how I might be able to help you.
What are my options if I can’t sell my house in Sacramento?
Here are five other things you can try when you can’t sell your house in Sacramento:
1) Bad Timing, Take your Sacramento House Off the Market
Not every season produces home sales in Sacramento. There are so many things that can go wrong with getting the right people to see your house. Bad weather, cold weather and there are a lot of other houses just like yours on the market, who can see them all.
If this is the case, you might be best served by taking your home off the market for a few months – if you can afford to keep paying the mortgage – and wait until market conditions improve.
2) Reassess why you want to sell?
The house is too big or too small. It has maintenance issues that need fixing? Whatever it is, if the sale of the house can be averted by rethinking the strategy, you might be better served by fixing the house entirely so you have a better chance to sell. Be careful with those repairs however, because you can over improve that house and you could be right back where you started. Some Contractors specialize in remodels for the purpose of a sale. Most do NOT understand the real estate market or what improvements will help your cause directly. Either way be wary of contractors and the wrong choices by looking for the specialist.
If you have built a lot of equity in your home, you may want to take out a home equity line of credit — if you can afford to pay the higher monthly payment, that is.
3) Rent Out Your Home
If you can’t sell your home and don’t want to hold two mortgages (your old home and your new home) one option may be to rent out your home at or near the price of your monthly mortgage payment. That allows you to apply the rent to your mortgage without having to incur any additional expense – other than upkeep, maintenance and repairs and property taxes. Make sure that you thoroughly vet your tenants because one tenant can cause thousands of dollars in repairs.
4) Consider a Short Sale for your Sacramento House
“I can’t sell my house in Sacramento because I owe too much!” This can happen if you purchased your home within the past few years and currently owe more than the home is worth (that is called being upside down).
While in some cases, you might be able to negotiate with your lender to accept less than what you owe on your mortgage, it’s more likely that you’ll be able to get the lender to accept a short sale especially If it looks like the other option is foreclosure.
To do this, you’ll need to have a Cash Home Buyer in Sacramento, CAbuyer on board who can close quickly. Fortunately, we can! Give us a call today at (209) 481-7780 for a no-hassle offer on your house.
Keep in mind, however, that short sales can affect your credit. Redeeming a pre-foreclosure on your credit history might disqualify you from getting another mortgage, at least for a little while.
5) Offer a Tenant the ability to Buy The House with a “Lease to Purchase Option”
A lease to purchase option is when you lease your house to somebody with the option to purchase your home on or before the lease expires. This is a good option if you can’t find qualified buyers because you can collect rent plus a lease option fee from a tenant while giving them time to save up for a down payment and establish their credit so they can get a mortgage to buy your home down the line.
You also can add a lease premium to their monthly rent that can either be applied to the down payment later or – if they don’t end up exercising their option to buy your home – you can keep it as income.
I Can’t Sell My House in Sacramento, CA!
If you are interested in learning more of your options for selling your home in Sacramento, CA call us at (209) 481-7780 or fill out the form on this page to get more information sent to you right away.