I Can’t Sell my House in Bonaire… Help!

If you’ve found yourself saying, “I can’t sell my Bonaire house,” this article is for you. Maybe you’ve been trying to sell your house for a while now and haven’t received any offers, don’t panic! You still have a few options at your disposal to help you sell your house for a fair price.

What are my options if I can’t sell my house in Bonaire?

“Can’t Sell My House in Bonaire, Georgia? Here are 6 Options to Consider”

If you’re having trouble selling your house in Bonaire, Georgia, don’t lose hope. There are still several options available that can help you sell your property for a fair price. This article will guide you through 6 alternative solutions to consider when you’re facing difficulties in selling your Bonaire home.

Lowering the Asking Price

This is probably the first solution you’ve tried. Just like any other product, market price for Bonaire houses climbs and falls every week. If the economy isn’t performing well or your house has structural or locational issues, you may need to reduce your asking price. Ask a real estate professional to do a market analysis on your house.

Taking Your House Off the Market

How soon does your house need to sell? If the real estate market in Bonaire is flooded with similar homes or if it’s a slow period, your house may not sell fast. Also, winter or the holidays are slow times to sell a house. Taking your home off the market for a few months might be a good solution.

Taking Out a Second Mortgage

Why are you selling your house? Is it to cash in on the equity? If you have built equity in the house you can’t sell, you may want to take out a home equity loan or equity line of credit. Renegotiating a loan plan with your lender to reduce your payments can be a good option too. This can provide you with additional funds to help your budget or start real estate investing.

Renting Out Your Home

If selling your home in Bonaire isn’t an option and you don’t want to hold two mortgages, renting out your property at or near your monthly mortgage payment might be a good solution. Rents in Bonaire are usually higher than many mortgage payments. If the market rents are not higher than your mortgage payments, renting the house you can’t sell will still lose you less per month until you can sell it. A good professional landlord can help you with that.

Consider a Short Sale

If you owe more on your mortgage than your home is worth, a short sale could be a solution. This requires the bank to agree to the short sale. The bank will many times require the house be listed with a qualified real estate agent for some time before they will agree. If they agree, the house can be sold for less than what is owed and the bank will have to agree to the sales price.

In this case, you would need to find an experienced house buyer who understands the short sale process and negotiate with your lender to accept less than what you owe. Keep in mind that short sales can impact your credit. If not negotiated properly, the bank could also try to file a judgment for the unpaid balance.

Offer a “Lease to Own” Option

If you’re unable to find qualified buyers, offering a “Lease to Own” option could be a good solution. In this case, you would rent your property to someone with the option to purchase at the end of the lease. This allows a buyer to move in now and has first right to buy the house while they are working to get a loan approved.

This also allows you to collect rent plus a lease option fee while the tenant is saving up for a down payment and getting their loan approved. After the process is complete, you will get more for your house than just selling it outright.

Sell My House in Bonaire to a home buyer

If you are interested in learning more about selling directly to a homebuyer, call us at (478) 273-0062 or fill out the form on this page to get more information sent to you right away.