I Can’t Sell My House In Atlanta GA… Help!

If you’ve found yourself saying, “I can’t sell my house in Atlanta GA,” this article is for you. Maybe you’ve been trying to sell your Atlanta 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.

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 Atlanta?

Here are five other things you can try when you can’t sell your house in Atlanta:

1) Take It Off the Market

It’s possible that you’re trying to sell your house during a slow period, as around the holidays, the winter, or when there are a lot of similar homes on the market.

If so, you could be better off waiting until the market improves and pulling your house off the market for a few months, assuming you can continue making mortgage payments.

2) Take Out a Second Mortgage

If you can afford the larger monthly payment, you might want to consider obtaining a home equity loan if you have amassed a significant amount of equity in your house. If not, you might be able to change your adjustable rate mortgage into a fixed-rate mortgage with a reduced interest rate, or you might be able to renegotiate a loan modification plan with your lender. Other uses for the loan includes real estate investments.

3) Rent Out Your Home

Renting out your house for a sum that equals or less than your monthly mortgage payment could be an alternative if you are unable to sell it and do not want to carry two mortgages (the old one and the new one). This means that you can use your rent as a down payment for your mortgage without having to pay anything more aside from maintenance and repairs.

4) Consider a Short Sale

“I can’t sell my house in Atlanta 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).

You may be able to work out a deal with your lender whereby you take less than what you owe on your mortgage. Your lender is likely to approve a short sale if foreclosure appears to be the only viable choice.

You’ll need a buyer on board who can close swiftly if you want to accomplish this. Thankfully, we can! Give us a call at (470) 369-5727 to discuss your house with no strings attached.

However, bear in mind that low sales volume can have an impact on your credit. You may be temporarily barred from obtaining another mortgage if you redeem a pre-foreclosure on your credit record.

5) Offer a “Lease to Own” Option

When you rent out your home to someone with the option to buy it at or before the lease expires, this is known as a lease to own option. This is a wonderful alternative if you are having trouble finding eligible purchasers because you can charge a renter rent plus a lease option fee, giving them time to build their credit and save money for a down payment in order to later obtain a mortgage to purchase your house.

In addition, you have the option to increase their monthly rent by a lease premium, which they can use as money if they decide not to exercise their option to purchase your house later on or as credit toward the down payment.

I Can’t Sell My House in Atlanta Georgia!

If you are interested in learning more your options for selling your home in Atlanta GA, call us at (470) 369-5727 or fill out the form on this page to get more information sent to you right away.

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