What Can You Do When Your Sandpiper Lakeland FL Home Isn't Selling?

What Can You Do When Your Sandpiper Lakeland FL Home Isn't Selling?

Has your Sandpiper Lakeland home been available in the market for half a year without any offer? Have you done everything in your Sandpiper Lakeland FL home for sale and even reduced the asking price and still, no one has made an offer?

Your Sandpiper Lakeland FL realtor might call your property an expired listing. What are the other options that you have in case your home was not sold despite all your efforts?

1. Postpone Selling Your Home

Maybe it’s just not the right time to sell. If your home is located in a community where many homes are on the market and sales are slow then it is a buyer’s market. Maybe you should take your Sandpiper Lakeland FL home for sale off the market first and wait for the inventory of homes to decrease. The fewer available Sandpiper Lakeland Fl homes for sale, the better chances that your home will get offers. When it comes to the time of year, spring is usually the best season to sell since it brings many buyers.

2. Get a New Mortgage.

If your motivation for selling is solely financial, then it might be wise to take out a home equity loan, as long as you can afford the higher monthly payments. If you are currently in an adjustable rate mortgage and your payment has increased due to rising interest rates, then you might consider negotiating for a loan modification plan with your lender or have your ARM converted into a fixed-rate mortgage with a lower interest rate. Before taking out a new loan or getting a loan modification, make sure to seek the help of a trusted financial adviser.

3. Rent It Out

If you need to put up your Sandpiper Lakeland FL home for sale due to a relocation, then you might want to consider renting out your home. Even if the money you get from the rent is not enough to cover your mortgage, paying a small additional amount every month is better than spending thousands of dollars for a vacant home.

4. Consider a Sandpiper Lakeland FL Short Sale

If you owe more than your home is now worth, then you might also want to consider a short sale, which is way better than a foreclosure. Hire a Sandpiper Lakeland FL short sale agent who is very knowledgeable and experienced in short sales to help you through the short sale since it is different from selling a regular home.

You have to be resourceful in selling your Sandpiper Lakeland FL home. You have to know when to push it for sale or just when to back out and wait for the right time. In case you have chosen the former, you can always rely on an experienced Sandpiper Lakeland listing agent for help. Call Petra Norris now at at (863) 619-6918 today!