Having Trouble Selling Your Home?

by Pamela Watson 10/06/2019

It can be quite frustrating for a homeowner with a home on the market for an extended period that cannot find the right buyer. Because a lot goes into listing a house and many plans depend on the sale going through, there is an added pressure to get the process over with quickly.

Luckily, there are some things you can do if your home is staying too long on the market to make it more attractive to buyers. Below are some popular alternatives to take when confronted with issues like this:

1. Sell at a later date

While it might be possible to sell a home virtually in any market, it is as well possible that there are other beneficial periods to try to sell your home. For example, trying to sell a house in the winter isn't ideal as the weather makes it difficult for buyers to come to view the house.

2. Rent it out

If you have issues paying your mortgage, you should consider renting out your home. The rent sometimes may be above your mortgage depending on what you offer. Either way, it pays most of your mortgage and lets you manage your finances better.

3. Try a second mortgage

If you are selling your home because you need money, another option could be to take a second mortgage which will free up some of your home equity as cash for you to use for immediate financial needs. You may also seek a home equity line of credit which helps you to access available funds.

4. Lower your selling price

Reducing your selling price can be your last option when your home has been on the market for several months. A drop in selling price would make your home attractive to buyers who are looking to buy a bargain. The reduced asking price will also make it easier for your buyers to get a mortgage.

5. Change your real estate agent

Sometimes the market isn't the problem, but your real estate agent is. In cases where your agent is not experienced enough or distracted from the sale, you may consider switching to someone else to list the home when your contract ends. Find someone that has a marketing flair and can organize regular open houses for your property. This will help to put your home back to the forefront of the real estate market and increase your chances of selling it.

Bear in mind that timing is essential for real estate sales and while you may experience some delay, you can still help the process. Seek the advice of a property expert in re-marketing your home.

About the Author
Author

Pamela Watson

My Resume

Specialties: Buyer's Agent, Listing Agent, Relocation, Short-Sale
Since 1979, Pam has been dedicated to providing the most comprehensive, effective, and caring of Real Estate services. She is known and trusted throughout Solano County as a professional who is committed to her clients' real estate success. 
Pam is celebrating her 38th year selling Solano homes with notable results. She has helped over 1,700 families realize their real estate goals during her career.
Pam has lived in the area since 1979 with her husband, who is a licensed contractor/carpenter. They are the parents of three sons, all of whom were raised in Fairfield. Pam and her husband designed and built their own home in Fairfield, and she is very knowledgeable in the area of construction. 
Always happy to share her "ground up" knowledge of real estate with clients, Pam's extensive knowledge of the area and its homes have been of great benefit to those who are new to the area and to those who are simply changing neighborhoods. 

My Experience

CRS: Certified Residential Specialist (Top 5% in the Nation)
GRI: Graduate of the Real Estate Institute
PMN: Performance Management Network
SRES™: Seniors Real Estate Specialist
RRC: Referral & Relocation Nationally Certified
ASP: Accredited Home Staging Professional 

My Credentials and Memberships

Agent of the year 1996, 1997, 1999, 2000, 2001, 2007, 2008, 2009 
Listing Agent of the year 2002, 2011 & 2012.