4 Things To Do When Your Lakeland Fl

Home Is Not Selling

Authored By: Petra Norris

4 Things To Do When Your Lakeland Fl Home Is Not Selling

4 Things To Do When Your Lakeland Fl Home Is Not Selling

Has your Lakeland Fl home been on sale in the market for months without even a single

offer? Have you spend lots of money on advertising your home for sale in Lakeland Fl

and even lowered your price and yet, no one has made an offer?

Your Lakeland Fl agent may call your home an expired listing, and it may be plain to see that your Lakeland Fl home is just not selling. So what other options do you have if this happens to you?

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 Lakeland Fl home for sale off the market first and wait for the

inventory of homes to decrease. The fewer homes in Lakeland Fl for sale available, 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

on an adjustable rate mortgage and your payment has increased due to interest rates

going up that you can no longer afford it, 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 Lakeland Fl home for sale due to a relocation, then you may

have no other choice but to rent out your home. Even if the money you get from the rent

won’t be 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 Lakeland Fl Short Sale

If you owe more than your home is now worth, then you might need to opt for a short

sale, which is way better than a foreclosure. Hire a Lakeland Fl short sale agent who is

very knowledgeable and experienced in short sales to help you through the short sale

since it is a very long and complicated process and is different from selling a regular

home.

Petra Norris Realtor® Lakeland FL Homes for SaleCDV TransAtlantic, Inc.PO Box 92050, Lakeland, FL, 33804-2050Office Phone: (863) 619-6918Cell Phone: (863) 712-4207