I Can’t Sell My House in Philadelphia Pennsylvania… Help Sell Property!

If you’ve found yourself saying, “I can’t sell my house in Philadelphia Pennsylvania,” this article is for you. Maybe you’ve been trying to sell your Philadelphia 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 sell property for a fair price. {I Can’t Sell My House in Philadelphia Pennsylvania… Help Sell Property!}

You’ve probably already tried the first one at least once: Lowering the asking price.

Everybody wants to sell their house for more than they paid for it but if housing prices in your area are low, the economy’s not doing well, or your home has some sort of structural or locational problem, you may have to reduce your asking price.

What are my options if I can’t sell my house in Philadelphia?

Here are five other things you can try when you “can’t sell my house” in Philadelphia:

1) Take It Off the Market

You may be trying to sell your home at a bad time, such was when there are a lot of other houses just like yours on the market, during the winter months, or during the holidays.

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) Take Out a Second Mortgage

If you have built a lot of equity in your home, you may want to take out a home equity loan — if you can afford to pay the higher monthly payment, that is. If not, you may be able to renegotiate a loan modification plan with your lender or convert your adjustable-rate mortgage into a fixed-rate mortgage that has a lower interest rate. The loan can be used to fund other things, including real estate investments.

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, home maintenance and repairs.

4) Consider a Short Sale

“I can’t sell my house in Philadelphia 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 (called being upside down).

In some instances, you can negotiate with your lender to accept less than what you owe on your mortgage. If it looks like the other option is foreclosure, your lender probably will accept a short sale.

To do this, you’ll need to have a cash home buyer on board who can close quickly. Fortunately, we can! Give us a call today at 215-359-6090 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 “Lease to Own” Option

A lease to own option is when you rent your house to somebody with the option to purchase your home at 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.

Quick House Sale

Selling property, the standard route of listing with a licensed realtor may provide the utmost profit on a house sale but comes with many stipulations. The process of selling a house on the market may be costly and consume months to complete the real estate transaction. Listing with an agent requires repairs, fees, and a detailed process. Most homeowners are examining the various home selling routes to decide which method may be most appropriate! Selling property directly to a home buyer is gaining popularity; selling a home to an investor allows the seller the freedom to close as soon as possible, avoid agent fees and commissions, and complete absolutely no repairs. Selling a home directly to an investor is a simple process that can be concluded within three weeks with no inspections or financial contingencies! If you’re facing pre-foreclosure, tax liens, serious structure issues, or any other possible obstacle, consider the route of selling the property fast in its current condition.

I Can’t Sell My House in Philadelphia Pennsylvania!

If you are interested in learning more your options for selling your home in Philadelphia Pennsylvania, call us at 215-359-6090 or fill out the form to get more information sent to you right away on how we can help sell property within Philadelphia and surrounding counties!

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