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Why Some Houses Don’t
Sell
And How to Avoid Four Mistakes
That Can Cost You Thousands
That Can Cost You Thousands
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 hoped 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, we 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 decision 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 of four major areas:
communication, price, condition or marketing.
1. Communication
Why no sale? What did prospects say about price, about condition?
What feedback did other agents offer? Teamwork between seller and
agent is key to know how to alter a marketing plan for success.
Inattention to a listing can be a factor, but rarely the whole
story.
Every seller can boost a property’s exposure. Make it easy to
show: consider a lockbox, :For Sale: sign where permitted, and
showing times convenient to buyers. Also, keep the house in
showplace shape, depersonalize furnishings so prospects see
themselves at home, keep large pets at a distance. Remember, the
next prospect may be your buyer.
Most importantly, I want to hear from you. My sellers are a key
source about showing traffic, new-on-the-market competition,
changes in the neighborhood and property condition that affect
the property’s salability. Also, you have my word that you will
hear from me regularly – the more we work together, the faster a
sale will be closed.
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