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Expired Listings: How to Sell a House that Didn't Sell
You put your house up for sale and what happened? The listing expired without a sale. And now you're wondering what went wrong. Like all homeowners, you hope your house would sell quickly. Some houses do. In fact, the majority of houses sell during the initial listing time agreed to by the seller and agent- usually a period of three months or more. But, as you've found out, some don't sell. In some tough markets as many as a third to half the listings expire unsold.
What should you do now? If your listing has expired and now you really want results, a good agent can help. Don't get spooked by the death of the first listing. The home sale you want is still well within reach.
Are you committed to selling?
First, take a step back and review your decisions to sell. Do you still want to move? Although you may feel discouraged, if you still want or need to sell, make a renewed commitment to do what it takes to market the house effectively.
Next, find out precisely what went wrong. An expired listing usually reflects a problem in one or more of four major areas: communication, price, condition or marketing.
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Copyright ©2007 Peter Kunz. All rights reserved. |
Royal LePage Partners Realty is an independently owned and operated brokerage. |
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