Are you a homeowner dealing with an expired listing in Baltimore? We can help you with a fast, fair, and simple solution! Find out how easy the process can be! We will buy any house in the Baltimore metro area right away, making the selling process much easier than ever dreamed!
For a homeowner who wants to sell a house in Baltimore, dealing with an expired listing can be extremely frustrating. You put your time and money into working with a real estate agent, only to find yourself back to square one several months later. If you want to sell, you likely have a reason why. Perhaps the house is too big, too small, or not in the location that you prefer. Or you may be dealing with something more difficult such as an inability to pay the mortgage, high property taxes, or tenants that you are tired of dealing with. When you just want to sell your house and be done with it but your property listing has expired, here are your options.
1. List it Again
If you have a listing in Baltimore that has expired, you can always change things up and try again. You can work with a different Baltimore real estate agent who may have another approach from the first agent. You can hire a professional photographer who can help showcase your property in a better light. If you aren’t opposed to spending some money upfront, you can make a few upgrades to things that may have been detrimental to some 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.
2. Rent it Out
If you have an expired listing in Baltimore, 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 currently renting for in that area? 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 are willing to do. You can also hire a property management company to help you. They will typically charge 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.
3. Offer Owner Financing
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 adversely affected 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 Baltimore. 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 bank financing, paying you for the property in full.
4. Sell it Directly
Selling your house directly to a professional home buyer such as Maryland Home Buyers will allow you to quickly sell your house without any further costs or waiting. 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 that can eat away at your profits from a traditional property sale. Our process won’t cost you anything and it will put money into your pocket right away!
5. Wait
While it may not be the answer you are hoping for, sometimes it is best to just 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 pleasant for anyone.
If you have an expired listing in Baltimore reach out to us to find out how we can help you! We make fair and direct offers for houses in Baltimore and the surrounding areas. We will help you to finally sell that unwanted house so that you can be done with it and move on with your life!