Putting your home on the market is a big step. You invest time, energy, and emotion trying to sell a home. Then when the listing expires without a sale, it’s more than disappointing. It can be frustrating. Whatever the listing agreement timeframe is for, you expect your house to sell. When it doesn’t, you may wonder what to do next. It may be time to take a step back and rethink some things.
Before relisting your house again, take time to answer the seven following questions:
Am I Really Ready to Sell My Home?
This may sound like an odd question, but some people are not as motivated to sell as they think they are. Only you know what your reasons are for wanting to sell your home and just how motivated you are. If you want to sell your home for any of the following reasons, then you’re ready to make the transition:
- You have already moved to another house and are paying two mortgages.
- You have a new job and need to move closer to work.
- You want to move closer to loved ones.
- Your family outgrew your current home.
- You need to downsize (maybe the kids grew up and moved out, or you need to cut costs).
- You’re in the midst of a divorce and need to sell so you can split the sale price.
You may have another reason that isn’t listed. The main point is that you have a strong need or desire to sell your home and move.
Did I Address the Issues on the Inspection Report?
You don’t have to get an inspection before you have a buyer. However, you may want to consider doing so, because then you’ll already know what to expect. When you get a home inspection, the inspector will give you a detailed report about any issues that need attention. You can correct the problems and get your house in top shape before buyers come to look at it.
Was There a Solid Marketing Plan in Place?
You can’t expect your house to sell on its own. Your real estate agent must have a well-developed marketing plan as well as a proven success rate. Furthermore, the plan needs to take advantage of all the resources and methods available. These can include things like contacting prospective buyers, talking to other agents, participating in aggressive advertising methods, and using technology to show your house. A proactive approach ensures you see action on your listing.
How Did the House Look for Viewings?
When people come to see your home for a viewing, you have the opportunity to make a memorable impression on them. Most people make their minds up through first impressions, which occur in the first few seconds they see your home. That’s why it’s vital to show your home’s best side. Also, be sure to avoid staging mistakes found here.
Did Buyers Have Virtual Options to See Your Home?
Prospective buyers benefit from options. Some people want to get a virtual look at your home before coming for the in-person viewing. This helps the buyer eliminate homes that won’t work for them, thus saving everyone time. Virtual tours or a gallery of photos allows buyers to browse at their leisure and in the comfort of their own home.
What Did My Real Estate Agent Do (or Not Do)?
When your listing expires, you have to ask yourself if your agent tried hard enough to sell your home. Many agents take the passive approach to selling homes. They are happy to show your home if and when someone comes along to look at it. However, this is usually not enough. If it were, you probably would have sold your house already. You want an agent who promotes your home aggressively and consistently.
Should I Consider Another Realtor?
If you’ve concluded that your real estate agent hasn’t been aggressive enough selling your home, then it may be time to reconsider a new realtor. Once your listing is expired, you’re under no obligation to continue with the previous realtor. However, you don’t want to sign up with just any real estate agent. Take the time to research potential agents in your area to see who will be a good fit. You want an agent with a proven strategy for selling homes.
Once you’ve asked yourself all these questions and assuming you answered “yes” to the first question, you’re ready to move forward with relisting your house. If you want an aggressive, dynamic marketing approach that leaves nothing to chance, then contact Mark Z Real Estate Experts today!