What to Do When Your Home Won’t Sell: Part 1

Are you having trouble trying to sell your home? If so, you may want to try one of these four alternatives.

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Listing your home can be a stressful experience in and of itself, but this is especially true if you’re having a difficult time attracting buyers. To help address this common problem, our team is launching a two-part series on what to do when your home won’t sell. And today marks the first episode.

We’ll be covering the first four solutions in this installment, so let’s dive right in:

1. List again in the future. Sometimes the reason your home won’t sell is simply that the timing’s wrong. Sellers must consider current market conditions, as well as their own personal circumstances, before putting their home on the market. If you’ve been struggling to sell, sometimes the best solution is to try again at a more opportune time.


2. Refinance your mortgage instead of selling. If your motivation to sell is largely financial, then perhaps a home sale is not the right solution at all. This isn’t to say that a sale is entirely out of the question, but you should consider other options if this is your reason for listing. Speaking with a lender is a great first step. They will be able to inform you of your options based on your individual situation. 

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If you’ve been struggling to sell, sometimes the best solution is to try again at a more opportune time.

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3. Turn your home into a rental. This isn’t always the best solution for those who lack experience in acting as a landlord, but it can be a decent alternative to selling for those ready to accept this (often hefty) responsibility. There are renters out there who will take great care of your home, but you must be prepared for less favorable outcomes before you decide to rent out your property. You should also check with your mortgage company to ensure that this option is within your legal right.


4. Pursue a short sale. This option isn’t as common right now as it was in years past, but it is still available for those who need it. Still, like the other options we’ve listed, sellers must think carefully about their situation before pursuing a short sale. Having an attorney by your side when you do so may also be a smart move.

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

Avoid These Common Kansas City Home Buying Mistakes

Want to buy a Kansas City Home?  Click here to perform a full home search  Want to sell a Kansas City home?  Click here for a FREE Home Price Evaluation   You may also call us at 1-800-686-5088 for a FREE home buying or selling consultation to answer any of your real estate questions. 

Today, we want to warn you about costly mistakes that home buyers make here in Kansas City.

There are a lot of things home buyers need to be weary of in the home buying process. One of the biggest mistakes people make is going out and hiring any Realtor to find them homes, without doing their homework and finding an agent who will get the job done right. Most agents obtain their license online with no actual real estate experience. In fact, the average agent in the Kansas City area sells less than seven homes per year!

It's crucial to get an expert advisor; someone who really knows what they're doing. There are a lot of Realtors out there, but there aren't a lot of expert real estate advisors out there!

Another big mistake home buyers make is getting too emotionally attached to potential homes. When looking at homes, you need to separate facts from emotion. A good advisor will help keep you objective and really look at what the dollar value for you will be. They also make sure you are careful in crafting the terms of any offer you want to make. In other words, home buyers often fail to protect themselves and get taken advantage of in the process.

One mistake we often see buyers make is getting a lender without accountability in the process. A lot of people just jump online and get approved by a large bank and have no relationship with their actual lender. Many people don't realize how helpful personal, face-to-face service can be during the buying process.

We sit down with each and every buyer and go through the entire home buying process, covering each step along the way where decisions need to be made. This gives our buyers reasonable expectations and makes the process a whole lot smoother and stress-free. If you have questions about how we can guide you through the process, or if you need real estate assistance of any kind, please don't hesitate to reach out. We are always here to help!