This article is for you if you’ve found yourself saying, “I can’t sell my house in Henderson Nevada .” If you have been trying to sell your house in Henderson for a while without any offers, don’t worry! There are still a few options available to help you sell your house for a fair price.
The first one you’ve probably already tried is lowering the asking price.
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, even though everybody wants to sell their house for more than they paid for it.
What are my options if I can’t sell my house in Henderson?
When you are having difficulty selling your home in Henderson, here are five other options to try:
1) Take It Off the Market
Selling your home during the winter months or during the holidays may not be the best idea since there are a lot of other houses just like yours on the market. Try to wait for a time when there will be less competition to sell your home.
If you are having trouble selling your home, 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. By taking your home off the market, you can avoid having to keep your home in show-ready condition at all times and can take a break from the stress of selling. If market conditions improve, you can then put your home back on the market and hopefully sell it quickly.
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. The loan can be used for things such as funding real estate investments. One thing to consider before taking out a home equity loan is if you can afford the higher monthly payments. 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 could also be used to fund other things, including real estate investments.
3) Rent Out Your Home
If you’re struggling to sell your home, you might want to consider renting it out. This way, you can apply the rent to your mortgage without having to incur any additional expense. Just be aware that you’ll be responsible for upkeep, maintenance, and repairs.
4) Consider a Short Sale
I can’t sell my house in Henderson 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).
If you are in danger of foreclosure, you may be able to negotiate with your lender to accept a short sale. A short sale is when you sell your home for less than what you owe on your mortgage. This is usually only an option if the alternative is foreclosure.
A short sale is when you sell your house for less than what you owe on the mortgage. 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.
If you are looking to sell your house quickly, we can help. We will make a no-hassle offer on your house today. Give us a call at (702) 601-1673 and we can get started.
5) Offer a “Lease to Own” Option
An option to purchase a home at or before the expiration of a lease is known as a lease-to-own option. If you can’t find qualified buyers, this is a good option 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.
If you add a lease premium to their monthly rent, you can either apply it to the down payment later or keep it as income if they don’t end up exercising their option to buy your home.
I Can’t Sell My House in Henderson NV!
If you are interested in learning more your options for selling your home in Henderson Nevada, call us at (702) 601-1673 or fill out the form on this page to get more information sent to you right away.