So Your Property Listing Has Expired

In today's market it is not unheard of that a listing agreement between a Seller and his/her Agent has expired.

As a Seller, you are frustrated that your home didn't sell, and if during the marketing period you did receive an offer it was a lowball offer that wasn't close enough to your asking price.

As a Seller you are thinking ........."What do I do now?  Do I stay the course with my agent?  Do I look for a new agent, and a fresh approach?  Do I chalk it up to the economic situation facing all Americans?   Do I lower my price?  Do I re-stage, re-set, re-paint or do the repairs that are needed in hopes of getting a better offer?  Or, do I simply take the home off the market until the market improves? 

Wow, that's a LOT to think about!

In this market, and every market it all comes down to a couple of reasons why your property didn't sell.

Price, Condition, Inventory, and Exposure to the market. 

Please remember that at the present time we have one of the largest inventories of homes for sale in the history of the Multiple listing service, People looking for a home have many homes to look at in their price range, and believe it or not, they are looking at more homes before they make their decision to buy.  Is the condition of your home at its best?  Do you know your competition?  Has your agent given you all the details of what else is for sale in your price range?  Is your home priced right?  Ask for a Current Market Analysis. 

In conclusion, is your home getting the proper exposure in the market place?  The Web,(More than 88% of home Buyers start their home search on the Web) The MLS, Agent property tours? Open Houses?  You see what I mean.

Before you make a decision on what your next step is, answer the questions I have posted above, and make a sound, well thought out decision.

I wish you the best of luck in your quest to sell your home.