Are you dealing with an expired listing in Detroit? We can help you with a fast, fair and simple solution! Find out how easy the process can be! We’ll buy any house right away, making the selling process much easier than you’d think! For a homeowner who wants to sell a house in Detroit, dealing with an expired listing can be incredibly frustrating. You put time and money into working with an agent, only to find yourself back at square one several months later. If you want to sell, you likely have a reason why. The house may be too big, too small or not in the location you’d prefer. You may be dealing with something more difficult such as an inability to pay the mortgage, high property taxes, or tenants you are tired of dealing with. When you just want to sell your house once and for all, but your listing expires, here is what you can do next!
List It Again
If you have a listing in Detroit that has expired, you can always change things up and try again. You can work with a new Detroit real estate agent who may have a different approach from your first one. You can hire a professional photographer who can help showcase your property in a new light. If you aren’t opposed to spending some money upfront, you can make a few upgrades to things that may have been off-putting to potential buyers in the past. After waiting months for a buyer, only to find yourself back at square one, doing it all again may not sound all that appealing, but luckily for you, you have many other options.
Rent It Out
If you have an expired listing in Detroit, it may not be the right time for you to sell your house. Before you commit to another listing agreement, check out the rental market in your area. How much are properties renting out for? What do the vacancy rates look like? Is the area walkable or desired by renters? Not everyone wants to be a landlord, so only choose this option if it is something you are able to handle and want to do. You can also hire a property management company to help. They will typically charge you somewhere around 10% of the monthly rent. Of course, this varies by company and location. You can always rent out your property for a year or two if you don’t need the cash right away. Then you can check out the real estate market down the road and hopefully have a better chance to sell.
Try Owner Financing
Owner financing, seller financing or also commonly referred to in Michigan as a land contract, can be another alternative for selling if you have an expired listing. There are many people out there who want to buy a home, but one blemish to their financial history is holding them back. Maybe they experienced identity fraud which dropped their credit score. Or maybe they were forced to use the money they had been saving for a down payment on another sudden expense. These are great, financially responsible people who would love the opportunity to become a homeowner. By offering them owner financing, you will be able to sell your house for your asking price while helping someone to achieve their dream of finally owning a home in Detroit. This works for homeowners who don’t require the full amount of the sale upfront. These agreements typically last for about two years at which time the buyer should be able to qualify for traditional financing, paying you for the property in full.
Sell It Directly
Selling your house directly to a professional homebuyer such as Detroit Fair Offer will allow you to quickly sell your house without any further costs or waiting. If you are recently coming off from having an expired listing then is a great way to sell fast. You’ll experience a straightforward and hassle-free selling experience that will provide you with your proceeds almost instantly. Best of all, you won’t have to pay any commissions or agent fees which eat away at the profits from traditional property sales. Our process won’t cost you anything and it will put money into your pocket right away!
While it may not be the answer you are hoping for, sometimes it is best to sit back and wait until the market improves in your area. The trouble with waiting is that you are likely missing out on an opportunity that could be even bigger than what you have now. You may have to continue living in a house that doesn’t match your needs or your lifestyle, and that isn’t fun for anyone.
If you have an expired listing in Detroit reach out to us to find out how we can help! We make fair and direct offers for houses in Detroit and the surrounding areas. We will help you to finally sell your unwanted house so that you can move on with your life!