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

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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 (@jrdorkin, Google+) founded BiggerPockets.com when he saw a need for free, trustworthy information about real estate investing online. Over the past 12 years, Josh has grown the site from self-funded hobby to full-time job and passion. Today, BiggerPockets brings together over 600,000 members, housing the world’s largest library of real estate content, iTunes’ #1 real estate podcast, and an array of analysis tools, all geared toward helping users succeed.

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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