I Can’t Sell my House in Columbia South Carolina - Help!

If you’ve found yourself thinking, “I can’t sell my house in Columbia South Carolina,” this article is for you. Whether you’ve had your property listed for months without any offers or you’re facing a challenging real estate situation, don’t worry! As a locally owned investment company with over a decade of experience in South Carolina, we understand your frustration and want to share several viable options to help you sell your house for a fair price.

You’ve probably already considered the most common solution: Lowering the asking price.

While everyone hopes to sell their home for more than they paid, certain factors can make this challenging. If housing prices in your area have declined, the economy is struggling, or your property has structural issues or location challenges, adjusting your asking price might be necessary. As a family-run business committed to helping our neighbors in Columbia, we understand these difficult decisions.

What are my options if I can’t sell my house in Columbia?

Here are five other things you can try when you can’t sell your house in Columbia:

1) Take It Off the Market

You might be attempting to sell your Columbia home during a challenging market period—perhaps when inventory is high for properties similar to yours, during the slower winter season, or amid the hectic holiday months.

If timing isn’t on your side, you could consider temporarily removing your property from the market—assuming you can manage the ongoing mortgage payments—and waiting for more favorable conditions. Or, for a hassle-free alternative, our local family-run business can provide a fair cash offer regardless of market conditions.

2) Take Out a Second Mortgage

If you have built a lot of equity in your home, you may want to take out a home equity loan — if you can afford to pay the higher monthly payment, that is. If not, you may be able to renegotiate a loan modification plan with your lender or convert your adjustable rate mortgage into a fixed-rate mortgage that has a lower interest rate. The loan can be used to fund other things, including real estate investments.

3) Rent Out Your Home

If you can’t sell your home and don’t want to hold two mortgages (your old home and your new home) one option may be to rent out your home at or near the price of your monthly mortgage payment. That allows you to apply the rent to your mortgage without having to incur any additional expense – other than upkeep, maintenance and repairs.

4) Consider a Short Sale

“I can’t sell my house in Columbia because I owe too much!” This can happen if you purchased your home within the past few years and currently owe more than the home is worth (called being upside down).

In some instances, you can negotiate with your lender to accept less than what you owe on your mortgage. If it looks like the other option is foreclosure, your lender probably will accept a short sale.

To do this, you’ll need to have a buyer on board who can close quickly. Fortunately, we can! Give us a call today at 803-592-2353 for a no-hassle offer on your house.

Keep in mind, however, that short sales can affect your credit. Redeeming a pre-foreclosure on your credit history might disqualify you from getting another mortgage, at least for a little while.

5) Offer a “Lease to Own” Option

A lease to own arrangement allows you to rent your property to a tenant who has the option to purchase your home before or when the lease ends. This strategy works well if you’re struggling to find qualified buyers in the Columbia market. You’ll collect both regular rent and a lease option fee, giving your tenant time to improve their credit score and save for a down payment, ultimately helping them secure mortgage financing to buy your home in the future.

You can also include a lease premium on top of their monthly rent payments. This premium can either be credited toward their down payment if they proceed with purchasing your home, or you retain it as additional income if they choose not to exercise their buying option. This arrangement provides flexibility while creating potential long-term value for both parties.