Why You Cannot Sell Your Home ?

You might have faced a situation in which you tried to sell your property but failed. A buyer comes to have a look at your property but gradually loses interest. Or he simply denies buying it. You face so much of disappointment, but have you ever tried to know the reasons behind the refusal of the buyer?  If not, you should.

There are numerous reasons behind the clear refusal or the losing of interest by the buyer. Today, we will tell you about some of the very common reasons behind the rejection of your home and not only this, we will tell you what you can do if you are still unable to sell your home. 

As they say, timing is everything, and that could be especially true in the case of real estate market. While showcasing your home in for sale, there are factors that need to be considered, and one of the most crucial factors is the market trend. Are you selling in a buyer's market? Then maybe you want to put that selling to a pause and wait until the inventory turns to your favour.

Offer your home on a lease option

If an outright sale is not turning out for you, then discuss with your real estate agent and consider doing a lease option. This is especially applicable for those who are not fully qualified to go through conventional financing. It will help with your negative cash flow as it pays you higher than a regular rent payment.

 RENT IT OUT

If you must move, renting your home for 1 or 2 years is considered as the best option, says Manisha Thakor, a chartered financial analyst and personal finance professor at Wellesley College.

Landlord eager to move also can bid a rent-to-buy option on their house, which allows buyers to have an in-house experience of the residence before committing to mortgage.

While it's attractive to buyers, but for sellers this deal is not much profitable as they might have to sell the property in future on todays low cost. "It's a last resort option," says Michael Corbett, author of "Before You Buy," and a spokesman for Trulia.com, a real estate sales website.

Do not worry if you cannot rent your Property In Noida Greater Noida and other cities like Ghaziabad on a long term lease, you can rent it for shorter period if you want to offset the carrying cost. You can list your home as vacation rentals or individual homes on websites like AirBNB.com and VRBO.com suggests Thakor. Even if you would rent your property for one weekend per month it would be enough for offsetting mortgage payments, she says.

GIVE IT AWAY, TEMPORARILY

Another innovative answer for homeowners is to donate the home, temporarily, to a non-profit donation that could use it for offices or alternate housing. The charity could use the home for a couple of years, protecting it from sitting empty. Tax deduction is given for the charitable donation, so this could also be an option to choose. But that deduction won't be as big as rent you'd get otherwise, & "you probably will need to pay lease somewhere else," reminds Corbett.

Of course, if you do rent or lend the property for a longer period of time, you might need to spend a lot of money on furnishes and fixtures before you put it back on the market.