Alternatives to selling a home in a slow market?
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My wife and I moved to a new city 3 yrs ago for my new job. I am now able to work completely remote and we would like to move back to our home town, but the realestate market here is very poor. We really can't think about a new home untill we feel confident ours will sell.
Any one have any alternates to listing and selling the home? Its been on the market for almost 4 months now.
Bridge loans do not look like that good of an idea, but any opinions on these?
Thanks in advance.
Alternatives to selling a home in a slow market?You have the wrong real estate agent. How long did you sign your listing for 180 days? You should have signed a 60 day lease with a 30 day roll period if you were pleased the agent was doing all in his power to sell the property. Never give more than 60 days.
Now in answer to your question about an alternative plan for your house that you want to do something with. Are you relying on this house's equity to purchase another house in your home town?
If not then I would lease it with an option to purchase (buy) Advertise this in the local paper. This way you will be able to get a small down with a known term that you can rely on. A down payment is normally between 3-5% Non-refundable even if they do not take their option.
If they refuse or can't exercise their option, you can offer them another new option with another down payment or get others on a new lease, doing the same thing over again.
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