Your Listing Expired. Now What?

What happens when you list your home for sale and it expires off the market? Your next steps are crucial if you want to get the house back on the market and sell.

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What happens if your home was listed for sale but expired off the market? Unfortunately, you're not alone because many people experience this when trying to sell their house. More often than not, it isn't the homeowner's fault. So what can you do when your home expires off the market? Start by taking into account what has happened up to that point. Look back at your past showings, where you are right now, and what got you to that point. Typically, the best suggestion is to start interviewing agents. Most markets across the country are doing well, so now is the time to list your house. Do your homework and interview several agents.

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When you interview agents, be sure you're asking the right questions.

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When you interview agents, be sure you're asking the right questions. Ask them how many homes they have sold, because you want them to have experience. Since the real estate game has changed these days, you also need to ask the agent or agents to show you their marketing budget and marketing plan. Over 90% of homebuyers start their home search online, so if your house isn't being marketed online globally, you're at a disadvantage. When going back on the market, it's also important to talk with an agent about the process itself. Talk about closing and negotiation and ask the agent about their past. How long have they been in business? All these things will add up to a successful sale. If you have any questions about getting your house back on the market, we'd love to help you out. Just give us a call or send us an email soon. We hope to hear from you!

Should You Hire an Agent or List on Your Own?

Should you list your home as For Sale By Owner or should you hire a listing agent? There are a few things you should consider before making that decision.

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Many people consider listing their properties as For Sale By Owner. Here are a few hints to help you decide if FSBO is right for you: First of all, you need to protect yourself from liability. There is a lot riding on selling your home when it comes to paperwork, disclosures, square footage, and much more. Many FSBO sellers choose to work with an agent to protect themselves from liability during the contract to closing period. Most people who decide to sell on their own think they are saving money. However, you need to be careful and avoid leaving money on the table when you sell. According to the National Association of Realtors, FSBO owners sell for 88% of the asking price. Therefore, they are negotiating well off of the initial listing price. At team Ruby, we usually sell for 99% of the listing price. Hiring an agent can actually net you more money during negotiations.

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Listing agents can sell your home for more money.

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Although FSBO sellers may want to avoid real estate agents, they do end up working with a buyer’s agent. As the seller, you will have to pay the buyer’s agent about a 3% commission. After all, they brought you a buyer. However, that agent is there to protect the buyer’s interests, not yours. You may want to consider hiring a listing agent to protect your interests. So, if you are thinking of selling on your own, remember: you might have to pay a commission, but hiring a listing agent will save you money in the end.

If you have any questions about listing your home with an agent or about about current market, give us a call or send us an email. We'd be happy to help!