Your Listing Expired- Now What?

Dated: March 15 2021

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Your Listing Expired – Now What?

Listing agreements all have an expiration date. No one wants to think about what

happens when the listing expires; both the seller and agent hope the home will

sell long before that time. But it does happen. An expired listing means two

things: first, the home is now off the market, and second, you as the seller are no

longer under contract with your agent.

 

Now you have some decisions to make. The most important question is to decide

if you still want to sell the home. Let’s face it, it’s a challenge to have your home

on the market, the home must always be kept show-ready and the last-minute

scramble to accommodate a potential buyer is tiring. You should also consider the

real estate market and whether current conditions will still allow you to sell in

your expected price range.

 

If you decide to continue with the plan to sell, it’s time to consider whether you

want to change agents or stick with the current one. There are many reasons why

a home doesn’t sell that have nothing to do with your representation, but if you

sense that the agent is not the right fit, this is the time to make a change. If the

agent isn’t the problem, then the next step is looking at the home itself and the

price. Are you overpriced for the home and its competition?

 

No one wants to think about an expired listing nor a home that didn’t sell—but

this is the time to take stock of the situation, adjust if necessary, and try again;

hopefully with the right combination of condition, price, and agent.

Blog author image

Saad Jamil

Saad was taught at a young age that if you want something in life, you have to work for it. So that’s what he did. And he worked hard. Saad got into the real estate industry 8 years ago when his fa....

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