We buy houses in Raleigh, North Carolina, and provide residents with the ideal way to sell their homes fast for cash. If you’ve found yourself saying, “I can’t sell my house in Raleigh NC,” this article is for you. Maybe you’ve been trying to sell your Raleigh property for a while now and haven’t received any offers yet. Don’t panic! You still have a few options at your disposal to help you sell your house to homebuyers in Raleigh NC for a fair price.
You’ve probably already tried the first one at least once: Lowering the asking price.
Everybody wants to sell their real estate 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 a structural or locational problem, you may have to reduce your asking price.
What Are My Options If I Can’t Sell My Home in Raleigh NC?
Here are five other things you can try when you can’t sell your house in Raleigh NC:
1) Take Your Raleigh Home Off the Market
You may be trying to sell your home at a bad time, such as 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 in North Carolina
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 Raleigh NC 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 expenses other than upkeep, maintenance, and repairs.
4) Consider a Short Sale in Raleigh, North Carolina
“I can’t sell my house in Raleigh NC because I owe too much!” This can happen if you’ve 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.
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 in Your NC Property
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.
Cash for Houses in Raleigh, North Carolina
“I Can’t Sell My Raleigh NC House!” No problem. Sell your house in Raleigh NC directly to us. At Inspiring Investment Raleigh, we offer cash for properties in Raleigh because we’re professional Raleigh NC home buyers based locally here in North Carolina.
If you are interested in learning more about your options for selling your home in Raleigh NC, call us at 919-439-2911 or fill out the form on this page to get more information sent to you right away.