Chosen by Asker

You might check Zillow or Realtor.com to see what properties are selling for in your area. My guess is that you won't be pelased with the declining values. If you do have to sell in this market, I'd consider selling on Lease Option. I'm a real estate investor, and to sell all my properties, I use Lease Options for almost all my sales. Lease Options are a very effective way to sell properties in markets like this, but work regardless of market conditions. Basically, a buyer leases the property, but purchases the right to buy the house at any time during the lease. The advantage is that you keep control of the property, can make some monthly cash flow, sell for full market value, and don't have any fees or commissions to worry about. Oh, and you can usually have a buyer inside of 30 days. This is possible because people who buy through lease options can afford a mortgage, but they can't qualify for one because credit is so tight, or they might have had an issue with their credit. These buyers are everywhere, and unlike qualified buyers, they're not picky, rude, or insulting with low offers. For anyone that needs to sell quickly i this market, I would definitely suggest taking a look at selling with a Lease Option.

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by Pat F

10 months ago

Asker's Rating: 

What ever they are selling for in your neck of the woods.

by loretta b- 10 months ago

Cindy---what it is worth to you-and what you sell it for in this market are two different stories. Hook -up with a Realtor in your area and ask to see comparable house sale results in your area for similar property's.Hopefully-you are in an area where their isn't a lot of foreclosures to compete with--even then the Banks don't want to loan money..I hope the news is better then ours on the out-skirts of NYC

by steveko777- 10 months ago

you need to look at what similar homes in your neighborhood are selling for (not the asking prices, look at actual completed sales).

by mykatesmom- 10 months ago