It is hard to stay positive when your real estate listing has expired. Whether your home was on the market for 90 days or for a year, your expectations for a home sale have been spoiled. Right now, you’re probably wondering why your home didn’t sell and what to do next.
My Listing Expired
First, you want to check your motivation. Why did you list your home for sale to start? Were you wanting more space? Needing to move for a job opportunity? Either way, you want to review your motivations to determine if you still want to list your home for sale or if you want to wait.
Check Marketing Plan
If you decide to move forward with selling your home, you’ll want to review the previous marketing plan. This will allow you to determine gaps in marketing that can be filled when the home is relisted. The key is to go back to the drawing board and improve on any marketing plans you previously set in place.
Walkthrough Your Home
Take the time to walk through your home as if you were looking to buy it. Open closets. Notice that water stain on the floor. Is that a damp smell in the basement? Make a list of everything you notice that could come off as a negative to buyer. Then set up a plan to fix them. Buyers now want move-in ready homes. They don’t want a long list of projects waiting for them upon purchase.
Get a 2nd, 3rd, and 4th Opinion
Do your research and contact 3 listing agents who have sold homes in your neighborhood. Schedule a consultation with each of them. At the consults ask them what they would have done differently to sell your home. Pick the agent that can thoroughly explain their pricing and has action items in place to sell your home. Then, listen to the agent you chose whether that’s painting, or reducing the price. Remember your motivation for selling!
The Chris Hayes team has buyers actively looking for homes. Get an updated market conditions report and detailed Comparative Market Analysis CMA of your home. Just follow the link to submit your information: Contact Us.