What to do next when your house listing has expired

A home listing agent agreement is a legally binding contract between a licensed real estate agent and a seller to help the homeowner in selling their home for the best price. Has your house listing expired and you are wondering what to do next? It can be a frustrating endeavor that despite your best efforts and those of the real estate agent, your listing contract has expired, which can depend on the agreed period, approximately at least 30 days or any period you choose and your house is placed “off the market,” thus the expired listing status. It is essential to review your house listing with your real estate agent to discover what may have caused the sale to be unsuccessful. Factors to consider are any feedback received about your house, the present real estate market for your neighborhood, and the price and marketing strategies used. If the problem might possibly be with the pricing, and the best plan of action could possibly be doing updates in the home or updating the price depending on the current market to attract potential buyers. You should have a clear idea of why the house did not sell, come up with a game plan if choosing to relist and you’re left with the choice of whether or not you will relist and try again. However, if you do consider relisting and switching to a new agent it would be advisable to interview a new agent.

Has your home listing expired recently and you need help? Please don’t hesitate to contact me today.