1. Renting the house out through a professional management company. I suggest Lou Balwin at Baldwin Companies. http://WWW.BALDWINCO.COM;
2. Reducing price to sell fast/faster, or list the home with a Great Realtor that knows how to market home here in Winston. I can refer you to some Realtors that can help. Sandy and Kirsten at ReMax Realty Consultants are awesome. Their email is firstname.lastname@example.org or email@example.com. Jon Bruner at Remax is also top shelf. John's email is Remax1@aol.com.
You could also consider offering a "range": as in "Seller will entertain offers between $xxxx and $xxxx. This strategy has worked for me in the past - and a realtor whom I truly respect in So. Cal is utilizing this strategy with great success - in a very tough market.
We must adapt to the market - it will not adapt to us. Once we get this ingrained into our psyche - we can move forward.
My best to you and I hope your buyer is one showing away!
You mentioned Relocation. As part of this move is someone getting a new job?
Some companies have relocation polices and programs to help employees relocate from their old home to the new home. Some relocation packages include provisions for the company purchasing the property, assisting with associated costs, etc.
My wife and I became accidentail investors after a corporate move resulted in retaining a property as a rental...which we kept for 18 years. (and helped get see the need for knowledgeable professionals in real estate).
Do you absolutely need to sell it to move? My advice is to look into your options. If it means taking a loss on the property, retaining it as a rental property might make sense. Consult with a CPA regarding the tax implications. Consult a local Realtor regarding their opinion of the market, rental rates, etc.
Depending upon the length of time you've owned your property, and the rent rates in your area, it could be that the rent would cover your mortgage and other related occupancy expenses.
If you must leave the state and the house is not sold, you will need to rely upon your Realtor to check the property on a regular basis; pick up mail, flyers left at the door, make sure the doors were locked after showings and the lights are on/off as appropriate.
You might want to put a home warranty on the property to cover appliances. Make sure the policy covers vacant homes. Check the homeowners policy to ensure you are adequately covered for a vacant home.
Unless you are committed to being a long distance landlord, I donâ€™t recommend that you pursue renting the property. Hire a great sellers agent who will market your home well and price right. Factor your carrying costs for a few months into the equation when considering pricing.
If you have been trying to sell and have not obtained any offers, review with your Realtor the properties on the market which are your competition and pay close attention to any that have recently gone under contract.
If you want to sell quickly, price 5-10% under market and have your Realtor let everyone know that you are priced for a quick sale. Even in buyer markets, a well priced home will capture attention and can gain multiple offers.
A) how long has you home been on the market? B) was it properly priced and marketed? There are five reasons usually to why a home does not sell. Your price, Your location, Condition of your home, Your motivation, and Your marketing agent. The one you cannot change is your location. In any market a properly priced and marketed home will sell. Of course as mentioned in the answers before there are options to add on to the sale that can entice buyers, lease with an option to puchase helps but does not get you out of your mortgage. Offer a home warranty that is always a good selling point and only runs around $550 which comes out at closing. Is your home being marketed on the internet enough? Over 80% of the buyers in todays market begin their search online. We use 8 to 10 different websites to market our homes (depending on the home). So take a look at the past situation and move forward it can be done! Interview other agents to see who will be able to not just "list" but will be able to market and sell your home.
If you have anymore questions drop me a line.
Coldwell Banker Triad