I have bought another house so need another buyer for my house do I :
*Rent (I will have to pay extra on top of the rent)?
*To sell the house for cheaper to one of those organisations that does quick sales?
*Try and sell it below valuation price (that is what Im doing at present)?
*Get a bridging loan at 1% of the value of loan to set up
* Get sued by the company i have bought the new house from (will lose around 15,000)
2007-01-21 18:54:19 · 6 answers · asked by oceanwaves 2 in Business & Finance ➔ Renting & Real Estate
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2007-01-22 05:31:07 · answer #1 · answered by David T 1 · 0⤊ 0⤋
of the choices you have listed I would go with the bridging loan. I would also ask the agent what I could do to improve the speed and value for which my house sells. If you spend $500-$2000 on cosmetic improvements, and ensure the house is spotless when viewed, grass cut, etc, then it will sell faster and for more money than if you didn't.
For example, the first house I sold I painted the inside and put down new lino in the kitchen and bathroom and raised the price of the house by $11,000!!
My second house I had a cleaning lady come in for half an hour every morning after everyone left to 'primp' it up, I put out 'apple pie' scented candles and left a store bought pie on a cooling rack. I spend a couple of hundred on flowers for the yard and the house sold in 6 days for our full asking price.
2007-01-22 03:06:42 · answer #2 · answered by Bena 2 · 1⤊ 0⤋
List the house on your local craigslist. Explain your situation. Say that you're willing to rent it out for the amount of your mortgage payment if you trust the tenant. Mention that you'd be willing to work up a rent-to-own agreement with the tennant if he desires -- that way his rent could decrease the amount he'd have to pay for the house.
Or sell the house on Ebay and take whatever you can get for it. If the market in your area is strong, someone will buy it for very close to what it is worth.
2007-01-22 03:07:07 · answer #3 · answered by emsjoflo 2 · 0⤊ 1⤋
My suggestion...set up a lease with option to buy. If you can find a tenant who will agree to this you can charge higher rent which will be credited towards their purchase at the end of the lease term. This is probably your best bet in a soft market and will hopefully solve your problem.
2007-01-22 03:03:49 · answer #4 · answered by miztiffany 3 · 0⤊ 0⤋
I would rent it out until the houses start moving again.
2007-01-22 02:58:37 · answer #5 · answered by Margaret 5 · 0⤊ 0⤋
get bridging loan & auction house,
or increase media advertising at a very attractive lower price.
2007-01-22 03:01:50 · answer #6 · answered by john k 5 · 0⤊ 0⤋