The longer listing lingers on the market, sellers experience a long road disappointment as the days, weeks, and months pass. As a result, deciding what to do going forward will raise our stress levels. It is likely the costs for holding onto the property continue to add up. Furthermore, the more days your property is listed on the market, the less likely you will receive your asking price.
So now what? Your listing agreement is going to expire soon if it hasn’t already. We have three actions you can take if you have an expired listing agreement in Blue Springs.
One of the actions you can take when you have an expired listing agreement in Blue Springs is to relist your property for sale.
First, you need to talk to your real estate agent about what may have gone wrong with your listing. That is unless, of course, the problem was communicating with your agent. It’s helpful if you can pinpoint the issue with your listing and create a new strategy to achieve your goal.
Second, did your agent properly advise you? If you had unrealistic expectations and your agent placated you by allowing you to take the driver’s seat with the listing, it’s time to reassess agents. A good agent will advise you with facts that you need to hear.
There are many reasons a listing doesn’t move:
- Incorrect Price: Typically, the pricing is too high or too low, both of which will deter buyers.
- Photos: The online photos are of poor quality, so buyers click on the next listing.
- Staging: The home is in a state of disrepair or cluttered, causing a majority of buyers to pass by the listing.
Or it may be that you had a buyer that fell through:
- Buyer Contingencies: Perhaps the issue was a buyer who had a lot of contingencies that you could not work with during negotiations.
- Buyer’s Financing: You may have had a buyer, but their financing fell out from under them, wasting your time and leaving you in the position of needing to relist.
Once you figure out why the first listing failed, assess your time frame. You may have time to relist with the same or a different real estate agent, and it may be that you do not have the time. Then you might want to consider our 3rd option below, the direct buyer. Direct Buyers, like Kim Tucker here at kcmoHomeBuyer, can provide you a guaranteed closing date and bring your misery of waiting to an end with a cash offer for your home as-is that you’ll agree is fair.
Another action you can take when you have an expired listing agreement in Blue Springs is to take on the role of agent yourself. While this may seem like a money-saving solution because you’ll be keeping those high real estate commissions for yourself; however, it rarely works out this way for sellers.
When we dig into the data, of the approximately 8% of FSBO or for sale by owner listings that sell, the final sales price is typically around 26% less than those listed by agents.
Keep in mind that if you market your expired listing via for sale by owner that you will have your work cut out for you. It’s up to you to:
- Market the Listing
- Show the Property
- Prescreen the Buyers and their Financing
- Negotiating the Sale
- Writing the Contract
Did you know, however, that by selling directly to a local direct buyer like Kim at kcmoHomeBuyer, you won’t pay any commissions or closing costs, and there won’t be any hidden fees to surprise you at closing either?
Working with a direct buyer, like Kim from kcmoHomeBuyer means working with local professional investors who care about your future and the future of Blue Springs.
At kcmoHomeBuyer, we believe in total transparency.
We can share with you the data of what houses in your area are selling for. We can share what repairs we think the home will need and what they might cost. We can then offer you a couple of options. If you have time constraints, we can provide you with a fast cash offer to buy your home quickly. If you have a bit of time, we can also offer a listing option where our listing agent at Realty Resource can list and market your home for sale. Both options are based off the data we have already shared with you.
It’s clear to see that the best action you can take when you have an expired listing agreement in Blue Springs is to call kcmoHomeBuyer at (816) 408-3600.
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If you need to sell, no matter the situation, please, don’t hesitate to call.
I was in a probate/estate sale situation. My father passed away with no will. I had to go to court just to be named the administrator. I didn’t know what to do or who to call. I heard about KcmoHomebuyer and gave them a call. I met Scott at my father’s house. He was very, very sincere and helpful. I was pleased with his offer and as they say, the rest is history. If you need to sell, no matter the situation, please, don’t hesitate to call Scott at KcmoHomebuyer. You will not regret it. Thank you so much, Scott!!