Disappointment and frustration are what we experience after we put a home for sale, and it does not sell. The expired listing is telling us that nobody showed interested in the property.
What most sellers do not know is that you can still sell a house even after the listing has expired. Selling an expired listing is possible. No, we are not talking about re-listing the home again with an agent and doing all the work again.
To sell an expired listing, you first, must review your marketing strategy. What was your reason for selling the house?
Sometimes, the reason is that lifestyle circumstances have changed and you no longer want the house. The cause can be a divorce, job change or a different lifestyle. It is essential to know the reason. Are you motivated enough to sell the house?
You did put the house on the market but seems like something went wrong on the way. Perhaps, the price was not right, or the timing was wrong. Once the listing expires (90 or 180 days’ limit), your contract with the agent ends too. At this moment, you can re-list your home with another agent or try selling your home yourself. You must understand your priorities. You can hire another agent and wait for another 3 months to sell the house or you can take the matter into your hands.
Overpriced homes do not sell. In the real estate sector, if you want the maximum exposure for your home, list it for 10% below the comparable price.
The world has changed. You can no longer rely on MLS marketing and print media alone. Everyone else is doing the same thing. What you need is a home that shines and provides the functionality required by today’s buyer. You are competing with others, and you also need a competitive pricing strategy that can help you sell your house in the shortest time possible.
If conventionally selling the house, does not work for you, you can sell your home to a cash buyer in Connecticut. Cash buyers can close quickly.
You do not have to wait for months or years. In fact, you can get your offer within 24 hours, and you can sell your home as-is for a cash price within ten days. The benefit of selling to a cash buyer is that you do not have to make repairs. You can sell the home as-is. You do not have to spend any more money on marketing or advertisement. There are no realtor commissions or closing costs to pay at the end. The best part is that your home sells within 10 days.