How and where can I find a buyer for my house before September?

Question

I tried some of the companies which promise to buy houses but no one calls me back. My mortgage is current and I am in no danger of foreclosure. The house is in good shape, in a good neighborhood, taxes are 1600 and two different CMA priced it between 60 and 80K. There was flooding near me in 2006;my house, and the entire block it's on, did not flood but people don't know that unless they look at the flood map;it's also on a busy road. I'd like to move before Sept. when my kid starts school again and a regular person, not a buy houses company, offered me 65K for it but I absolutely can't afford to let it go for less than 68K since I have to pay off my mortgage and cover expenses to relocate (my reason for wanting to sell in the first place). 68K is dirt cheap because there are many things a person with money could do to improve it's value and resell (a 3rd bedroom, a pool, a cover for the patio). How and where can I find a buyer for my house before September when school starts?

House is listed for 72,900 and 68K is my rock bottom. I do have a realtor, which is part of the reason I can't take less than 68K. I have to pay the mortgage balance the realtor's percentage and get a place to live(Not selling to be homeless). The house outfits will not get their way. If I can't sell for 68, I 'll have to keep the house and stay here. 65K did not help me because it would have paid the mortgage and realtor and I would have been out on the street with my kid. Yes, it is 68K not 680K. I live in upstate NY in a suburban, ritzi area.

Answer 1

The buy your house places want a bargain and you want full price so they won't ever be interested.
Since it is worth 60-80 and you are mid range you can expect it to stay on the market until the right buyer who thinks your house the exactly what they want comes along. If you listed it at 68 you will get offers less than that so you will need to turn them down if you can't lower the price. If you are asking 80 you may not even get lookers.

Answer 2

Consider "opportunity cost". For every month that the house is yours, you pay the bank. The difference between 68K and 65K is only a few months of payment.

How about renting it out?

Answer 3

It is all in the price, a lower price will move the house faster. Right now, real estate prices are dropping, and have been for 9 straight months. You may be forced to take a slight loss if you have to sell.

Answer 4

The "house buying" outfits don't call you back because you are not desperate enough yet, they are prepared to wait untill they can get you to give them the house.

You will always do better to sell conventionally even paying the real estate % than selling to those guys.

Even pricing under market should bring you more than selling to those outfits, and selling somewhat under market should move the house fast.

Answer 5

Spruce it up, get rid of all clutter, use sparse furnishings then the place looks larger, have some home baked cinnamon rolls cooling on the table when showing the place., fresh paint in a neutral color etc. This would improve the show ability of your home improving the chance of getting what you are asking.

Answer 6

Have you watched any HGTV shows like Designed to Sell? These shows give you great ideas on how to do small cosmetic work to get a better price. One idea is to de-clutter and take out and store furniture and knick knacks.

Answer 7

Where do you live that you an buy a house for $68,000 or do you mean $680,000
anyway it is all about price. you should have taken the $65,000. remember the longer you are in the house every month you still need to make that mortgage payment.

Answer 8

There are free websites to advertise your home. www.craigslists.org, Pennysaverusa.com, Zillow.com Abetterway.com, Googlebase.com and many more You can submit you listing with your agent as the contact person, or, have your agent list your home with these organizations.