You’re listing your home on the market. You’ve chosen an agent and done all of the necessary updates and repairs, as well as posted pictures and signs. You’re ready to move forward with the sale! But after the initial hype of people coming to tour your home, it slowly trickles down to nothing. And it’s crickets coming from your real estate agent. You remember something about a listing expiry date and wonder if maybe your listing has expired. How do you tell if your real estate listing expired?
How to Tell If Your Real Estate Listing Has Expired
One of the first signs that your listing has expired is the number of calls you’ll receive from real estate agents. They’ll be clamoring all over each other at the chance to work with you and promise to sell your home. Don’t be sucked so quickly by their offers, however. It’s not an indication of how easily your house will sell. Real estate agents won’t solicit you to let them sell your house if you are already working with an agent.
The Best Way To Tell If Your Real Estate Listing Has Expired
There is a better way to tell if you’re listing has expired than waiting for a hoard of agents, though. Just take a look at your listing contract! There should be an expiry date outlined in the contract as well as the terms of your agreement.
What To Do If Your Real Estate Listing Has Expired
If your real estate listing has expired, the first thing you should do is speak with your real estate agent and hear why the listing lapsed without them saying anything. Depending on their reason (and it had better be good) you may want to consider working with a different agent. Before you do, however, you may want to do some analysis on why the house isn’t selling.
Check the Market
Take a look at the market. Are you in a buyers or seller’s market? If you are in a buyer’s market, you’ll need to be pretty competitive with pricing to sell your home fast. If you are in a seller’s market, consider some other reasons why your home isn’t selling.
Revisit the Value of Your House
Are similar houses in the area selling? If so, what is the difference between those homes and yours? Make sure your real estate agent did the CMA thoroughly enough. You want to make sure the price matches the value of your home.
Are you motivated enough?
If you’ve received multiple offers on the house but the house just hasn’t gone to closing, explore what went wrong. Did you not like the offers? What about the sale just didn’t happen?
It could be that you just aren’t motivated enough to sell your house. Maybe you are just testing out the market or exploring your options. Maybe you really don’t want the hassle of packing everything up. Dive deep into this before you go back out there with another agent and sell your home!
Need an agent that won’t leave you hanging? How about one that gives you all the service for a fraction of the price? You need Clever. Call us today at 1-833-2-CLEVER or fill out our online form to get started.
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