Expired Listings.

Wednesday Jan 10th, 2018

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That has to be the most disappointing thing that can happen to a seller in today's real estate market.

I feel for those sellers. It didn't have to happen. 

Most people that follow the real estate market don't really notice that a listing has expired and the house is no longer for sale.

Why would they, everthing sells in todays market right?

 

All along the way with some small adjustments here and there and it likely would not have happened.

They ask themselves.

How can it happen? 

What is wrong with my house?

What is wrong with my agent?

What is wrong with the market?

What is wrong with buyers?

Nothing or everything. 

People come and look at my house, no one puts an offer in.

Maybe it is timing?

Maybe it is the agent?

Maybe it is the price?

 

My neigbours said, "My house is beautiful and it is not over priced, that it should have sold, your agent must have done something wrong or not have done enough advertising."

There are two main things that potential buyers, and neighbours think(believe me they have a vested interest in what is going on around their area when it comes to what houses are selling, or not, selling for).

- there must be something wrong with the house, or it is over priced.

As each expired listing is a unique situation, I am not going to generalize here.

I will tell you though that there are solutions if the seller really wants to sell their house/condo/townhouse and it doesn't always have to do with the list price.

If you know of someone who's house didn't sell and they want to move or if it has happened to you, please let me know. I would be glad to examine and go over the potential reasons why the house didn't sell the first or second time around and offer some solutions. 

Like I said, it often just involves a few small tweeks to get the house sold so that both the seller and the buyer are pleased with the outcome.

Best, 

Chris 

 

 


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