The home-selling process is rarely as straightforward as you might like it to be. A home you hoped would sell in a matter of weeks could languish until the listing expires.
How do you deal with expired house listings? Can you still work with the same real estate agent, or will you have to search for someone new? Is there a better alternative to relisting the house with a multiple listing service?
Since we buy houses in Nashville, My Tennessee Home Solution can offer you a way out of dealing with expired real estate listings.
What Does It Mean When Your Listing Expires?
Before we discuss the options you have on the table, let’s first look at what it means when your house listing expires.
When you listed your home, you obviously signed a contract with a real estate or listing agent. This contract always has an expiration date, which is usually between three and six months after the initial listing.
If your home remains unsold by the end of this period, the listing will expire, and your real estate agent will no longer officially represent you. What’s more, your house will be removed from the multiple listing service you used.
What Can You Do if the Listing Expires?
Given how competitive the housing market is, expired house listings are a real possibility. Thankfully, you have a few options for responding to this situation.
Pull the House From the Market
The first and simplest thing you can do when your listing expires is to remove the house from the market. You could then sell it off-market or not sell it at all.
Relist the House With the Same Agent
If you decide to keep the house on the market, you could stick with your previous agent. Doing so might give you more negotiating power, which could result in the agent working for you for less.
It’s important that you discuss this with the agent to find out why the house did not sell the first time around. What listing challenges did you encounter, and how might you come up with a different and better strategy?
Relist With a New Agent
You might want to try working with a different agent who can bring a fresh perspective. Just be sure to do your homework and conduct an in-depth competitive market analysis. Create a shortlist of potential agents and ask how they’ll price your home and drive more engagement to the listing.
A Quick, Seamless Solution to Expired Listings
Expired house listings can feel like you’re back to square one, forcing you to go through the process all over again. As demotivating as this can be, there is an ideal way out of the situation thanks to My Tennessee Home Solution.We’ll make a fair cash offer for your home and close the sale seamlessly and on your timeline. Talk to us today at (615) 933-5431 to learn about the benefits of a cash sale.
