The notification that your house listing has expired is very discouraging. Fast Offer Price believes this provides you a clean slate. We can guide you through how to reset and still sell your house successfully.
Understanding Expired Listings:
Most listing agreements are six months to one year. If your house hasn’t sold within that timeframe, the listing agreement expires.
Common causes include:
Overpricing: Buyers will compare your home with others in your price range. Overpricing can scare off more than a few buyers.
Poor Marketing: Poor marketing translates into poor exposure of your real estate listing.
Bad Listing Photos: Because most buyers start their search online, you need high quality photos. Good photos attract buyers; bad photos turn them away.
Agent Inattention: If your listing agent isn’t really on the ball, it’s going to hurt your chances.
Market Conditions: Things such as the economy and seasonal fluctuations are beyond your control.
Now What?
If your listing agreement expires, consider the following:
Identify What Went Wrong:
Was the price too high? Were the pictures not attractive? Was the listing exposed to enough numbers of buyers?
Re-Listing Options:
With The Same Realtor: If they will do it right this time, re-listing with them should be fine.
With A New Realtor: An aggressive new agent may make all the difference with new ideas and perspectives.
Cash for Home Buyer: Very low risk and fast, fair price.
Common Mistakes When Selling:
Price to Sell: The house needs to be competitively priced in order to sell, and a price would be decided based on a comparative market analysis.
High-Quality Photos and Staging: Professional photos and staging show precisely what the buyer is looking for and will tug at their heart.
Effective Marketing Strategies: Traditional marketing and digital marketing should be adopted to ensure a larger reach.
Good Communication: A good agent will keep you updated with regular feedback
Private Sales
Some sellers opt to sell privately once the listing expires to avoid the agent commissions. However, this demands some acknowledged expertise regarding the market, marketing strategies, and even negotiation skills.
Types of Listing Agreements:
Exclusive Right to Sell: Only one agent gets the commission.
Exclusive Agency Listing: You only have one broker, representing you, although you can sell it without paying the commission.
Open Listing Agreement: More than one agent lists your property but the one that sells it is the one who gets the commission.
Net Listing: The seller sets a net price; all above that amount is what the selling agent makes in commission.
How Fast Offer Price Can Help:
Cash Offers: Sell your home fast and hassle-free for cash.
Professional Advice: Find out what happened with your listing and how to do it right.
Professional Marketing: Our premier marketing programs target the right buyers.
No-Obligation Consultation: Get a no-cost consultation, understand your options, and decide upon the right course of action.
Control Over Sale: Keeping control over the sale of your home is critical. A well-selected protection period and listing team, can make a significant difference ensuring to keep the sale efficient and seamless.
Real Estate Professionals: While private sale avoids the commission to be paid to the real estate agent, it entails advanced marketing skills and deep market knowledge. Fast Offer Price offers experienced real estate professionals to help you overcome any kind of obstacles resulting from expired listings to multiple listing services.
For Sale By Owner (FSBO):Selling your house FSBO means making tough decisions and handling challenging tasks on your own without an agent’s expertise. However, it is possible to sell your house after an expired listing with the right approach and support. Contact us today to get a fast cash offer to sell your house fast.
Key Points:
Expired Listing: A common problem wherein the listing agreement has expired without a sale.
Listing Options: Re-listing with the same or new agent or cash buyer option
Private Sales: Selling privately after the listing has expired requires deep market knowledge and hard-core marketing
Types of Listing Agreements: There exist four types of listing agreements, including exclusive right-to-sell, exclusive agency, open listing, and net listing
Control: Protection period combined with a competent team.
FSBO—For Sale By Owner—is much to do on your own, but if one is doing everything right, the chances of success are considerably great.
Contact Fast Offer Price today to get professional advice and an instant, fair cash quote for your house.