How To Control The Lending Market AND Get Your House Sold

Do you feel like you’ve tried everything to sell your house, but no one is sending you any offers? Even though we’re in a seller’s market and house inventory seems to be flying off the shelf in the Greater Atlanta area, you may still be running into roadblocks to getting your house sold.

In most cases, the number one reason why a house doesn’t sell is price. I can guarantee you that no matter what condition your house is in, if you keep lowering the price it will eventually sell. The right price can overcome any obstacle to selling your house.

The right price can overcome any obstacle to selling your house.

“But what if I don’t want to lower my price?” you ask. Well, you’re gonna have to get creative then. There could be a lot of reasons your house isn’t selling: neglected repairs, a lazy real estate agent, bad marketing, or not keeping your house in show-ready condition. All of these items are under your control (yes, even your real estate agent), and if you haven’t attended to them first then I would recommend you start there. But, if you’ve already taken care of all of those possibilities, then there is another potential factor that could be keeping your house from selling: the ability of potential buyers to get a loan.

On the surface, the loans of potential buyers may seem far out of the range of your control, but that is hardly the case. A large percentage of people who want to buy a house cannot qualify for a loan. This could be because of bad credit, debt-to-income ratio, cash on hand, employment, bankruptcy, or foreclosure. Most of them would prefer to buy but are forced to rent because of one or more of these circumstances.

On the surface, the loans of potential buyers may seem far out of the range of your control, but that is hardly the case.

Here is the part where you can control the lending market: Offer your house for sale with owner financing. It’s not as complicated as you may think. If you have a buyer that wants to buy your house but can’t get a loan, then you can act as the bank and give them a loan yourself. The buyer pays you a down payment and a monthly payment, and once they repair their credit (usually a year or two) they can get a bank loan and pay you off for your house.

You are essentially delaying the full payment for your house while you collect a monthly income in the meantime. If you prefer not to hand over ownership of your house to someone with poor credit, then a lease-purchase is also an option. With a lease-purchase the buyer gives you a down payment and then rents your house until he is able to get a loan and pay you off in the future.

Lease-purchases and owner financing are not for everyone, but they’re great tools for making your house available to a much larger pool of buyers. If you would like to find out more specifics about exactly how owner financing or lease-purchases work then give us a call or send a message through our contact page. We’ll be happy to chat with you and figure out which option might be best for you.

From the initial consultation, to signing the final paperwork on the sale of your house, you’ll never have to pay us a dime.

And in case your were wondering, all of our services are free of charge to anyone selling their house. From the initial consultation, to signing the final paperwork on the sale of your house, you’ll never have to pay us a dime. With our business model we make our money after we buy your house so there’s no need to charge you any fees or commissions. Call us today to get started!

 

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