Your Listing Expired – Now What?
Listing agreements all have an expiration date. No one wants to think about what happens when the listing expires; both the seller and agent hope the home will sell long before that time. But it does happen. An expired listing means two things; first, the home is now off the market, and second, you as the seller are no longer under contract with your agent.
Now you have some decisions to make. The most important question is to decide if you still want to sell the home. Let’s face it, it’s a challenge to have your home on the market; the home must always be kept show-ready and the last-minute scramble to accommodate a potential buyer is tiring. You should also consider the real estate market and whether current conditions will still allow you to sell in your expected price range.
If you decide to continue with the plan to sell, it’s time to consider whether you want to change agents or stick with the current one. There are many reasons why a home doesn’t sell that have nothing to do with your representation, but if you sense that the agent is not the right fit, this is the time to make a change. If the agent isn’t the problem, then the next step is looking at the home itself and the price. Are you overpriced for the home and its competition?
No one wants to think about an expired listing nor a home that didn’t sell—but this is the time to take stock of the situation, adjust if necessary, and try again; hopefully with the right combination of condition, price, and agent.
Categories
Recent Posts
Working From Home? What Home Buyers Are Looking for Now
4 Things Sellers Need To Know About Backup Offers
5 Important Things to Consider Before Buying A Fixer-Upper Home
Prepare Your Home For FHA Financing
How To Respond To A Lowball Offer
How Does Child Support & Alimony Affect Qualifying For A Home Loan?
Unusual But Important Considerations When Choosing The Right Neighborhood
Looking For A Mortgage? It Might Be Time To Review Your Resume
7 Common Homebuyer Regrets You Want To Avoid
Inflation Is Rising – Should I Still Buy A Home?
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "