What would you do if you wanted to move but couldn’t sell your house?
I’ve done everything I could but it just won’t sell, I live in las vegas, and the housing market is horrible out here. I do have a realtor
13 Responses
shiprepairwoman
13 Feb 2010
carpediemmaster
13 Feb 2010
rent it
Rebellion
13 Feb 2010
Buy another house.
Give the old one to relatives/kids?
efbejeff
13 Feb 2010
same as California, rent it.
Di
13 Feb 2010
Possibly hire a rental agency to rent it out for you. That way you can move and you are not paying double mortgages.
Tiss
13 Feb 2010
It’s pretty bad all over. You could wait it out, slash the price, or rent it. That’s about it, unless you’re willing to walk away. In that case, you won’t have much luck getting another loan!
robert w
13 Feb 2010
Rent it out.
get two more jobs.
keep renting in new location.
do not buy untill old house is SOLD.
do not buy untill u have LOTS of money Saved.
pray .
michaelmoss30054
13 Feb 2010
Burn it down
irishcarbomb1974
13 Feb 2010
Blow it up !!!! I used to live in vegas and i know of some people that will do this for ya at a small price. Mafia!!!
BMW BFD
13 Feb 2010
I’d call the show Designed to Sell and have them come out and help me make it so that is can sell 
)
glenn
13 Feb 2010
#1 keep it and continue to live there
#2 keep it and rent it out
#3 Since I guess this means you have reduced the price down to below what it would take to pay your mortgage off and you have made the house look much prettier than any other house in the neighborhood……then I would call the mortgage company up and see if they will agree to a short sale. If not then I would consider abandoning it and dealing with the deficiency judgment and horrible credit that will mean. Of course if you have some money in your bank account you could pay that shortage yourself and save your credit.
#4 Sell it under some sort of a contract for deed or rent to own arrangement (not a good idea but last resort.
kansasjenni
13 Feb 2010
I would also rent it out, but you can check your local news paper to see how many houses are for rent and what the prices are. If there are a lot for rent then you can plan on the home not renting for sometime unless you are offering a nice home with low rental cost. With all the foreclosures there are more people renting now, so I would assume you would not have a big problem with renting. The only issue is a lot of people will tear your stuff up and skip out on the lease so unless your ready for a big headache and several trips to Vegas from where ever you might want to put some time into that thought also.
Alfred B
13 Feb 2010
TRY RENTING IT ON A 1 YEAR LEASE …IF YOU DECIDE TO RETURN YOU’LL HAVE A PLACE TO RETURN TO…I’VE SEEN THIS HAPPEN OFTEN WHEN PEOPLE MOVE FROM THE NORTH TO THE SOUTH….THEY SOON MISS THE 4 SEASONS AND RETURN………YOU MAY ALSO THINK ABOUT RENT W/ OPP TO BUY, WHERE A PORTION OF THE RENT GOES TOWARD THE DOWN PAYMENT…RIGHT NOW PEOPLE DON’T HAVE THE 20 %
BANKS REQUIRE FOR A DOWN PAYMENT…
Lower the price and it will sell. Have a fresh appraisal if it has been a few months then lower the price below that.
If you can’t afford to lower the price and can’t get enough as a rental you can’t move unless you want to get foreclosed on. That will go on your credit report for 10 years but it will always be available to lenders.
If you burn it down you will still owe the mortgage and will be in jail for the arson.