If you’ve found yourself saying, “I can’t sell my house in Tampa, FL,” this article is for you. Maybe you’ve been trying to get the best method to get cash for houses in Tampa, FL, and you haven’t gotten any leads yet. Don’t panic! You still have a few choices to help you sell your house for a fair price. At Liberty House Buying Group, we buy houses in Tampa, FL. So you can quit Googling “sell my house fast in Tampa, FL” and instantly get a cash offer from us.
You’ve probably tried Lowering the asking price to sell quickly.
Most people want to sell their home for a higher price than they paid, but if housing prices in your area are low, the economy is bad, or your home has some structural defects or location problems, you may have to lower your asking price.
What are my options if I can’t sell my house in Tampa, FL?
Here are five other things you can try when you can’t sell your home quickly in Tampa:
1) Take It Off the Market in Tampa
You may attempt to sell your home during an unfavorable period, such as when there are many similar houses on the market, during the winter months, or during the holidays.
If you are in this situation, you may be better off keeping your property off the market for a few months – assuming you can afford to keep paying the mortgage – and waiting for market conditions to improve.
2) Take Out a Second Mortgage
If you have a lot of equity in your house, you may want to take out a home equity loan – assuming you can afford the high monthly payment. 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 with a reduced interest rate. The loan might be used to support other projects, such as real estate investments.
3) Rent Out Your Home in Tampa
If you can’t sell your property and do not want to carry two mortgages (one for your old home and one for your new home), one alternative may be to rent it out at or near the amount of your monthly mortgage payment. This enables you to apply the rent to your mortgage without incurring any extra costs outside upkeep, maintenance, and repairs.
4) Consider a Short Sale of the House in Tampa FL
“I can’t sell my house in Tampa because I owe too much!” This can occur if you bought your home within the past few years and currently owe more than the home is worth (called being upside down).
In some instances, you may be able to negotiate with your lender to take 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.
To do this, you’ll need a buyer who can close swiftly. We can, thankfully! Call us immediately at 786-400-2675 for a no-obligation offer on your home.
However, keep in mind that short sales might have a negative impact on your credit. Redeeming a pre-foreclosure on your credit report may disqualify you from getting another mortgage, at least temporarily.
5) Offer a “Lease to Own” Option for the Home in Tampa
A lease to own option is when you rent your house to somebody with the option to purchase your home or before the lease expires. If you can’t locate qualified buyers, this is a fantastic alternative since you can earn rent plus a lease option fee from a tenant while allowing them time to save up for a down payment and build their credit so they can obtain a mortgage to buy your house later.
You may also add a lease premium to their monthly rent that can be allocated to the down payment later or kept as income if they do not exercise their option to purchase your house.
I Can’t Sell My House in Tampa FL!
If you are interested in learning more about your options for selling your home in Tampa FL, call us at 786-400-2675 or fill out the form on this page to get more information sent to you right away.
Sell My House Fast For Cash in Tampa FL
Many options are available if you can’t sell your house in Tampa FL. From taking out a second mortgage to getting one of Tampa FL home buyers to give you a cash offer. Go through the options and pick the one that suits you. Selling to homebuyers in Tampa FL is a great option. To sell your house in Florida, fill out the online form and get a cash offer immediately.