What to do when you can’t sell a property?

by | BiggerPockets.com

I was reading through the forums and saw a post that I thought should be examined. Our user camosilver has some property (2 vacant lots) that he can’t get rid of. He posted the listings on our site and every other classified site he could find. He is unwilling to sell for a loss, and must get rid, because the holding costs are too much.

What is he to do?

The advice I have is similar to that of several of our other users. He should probably find a good realtor and give an exclusive to them. Other ideas were to go with a lease to purchase option.

What other ideas to you guys have to help out here? Any other thoughts?

About Author

Joshua Dorkin

Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. Today, BiggerPockets is the premier real estate investing website online with over one million members and reaching over 70 million people with the message of financial freedom through real estate investing. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Read more about Joshua’s story in 5280 and Inc.com.

1 Comment

  1. A rent to own is a GREAT way for an investor to get rid of a property. Try listing your home on Craigslist and other free websites to find potential buyers. You can also try the national ones by searching for “rent to own homes” Best of luck dumping… ummm I mean – selling your property… 😉

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