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Reasons Real Estate Listings Expire

Posted by VIP Realty on Monday, November 28th, 2011 at 3:57pm.

Even in a down market, real estate will move, provided it meets certain criteria. In other words, if you address all aspects of preparing and marketing your home, you can realistically expect your Fort Sam Houston home to sell. However, if you fail to do so, you could be faced with an expired listing. If you don’t want to be another casualty of the shaky real estate market, you must take care of three, key issues, which include:

  • The condition of your home – You simply can’t expect buyers to want to purchase your Fort Sam Houston home if the home is in poor condition. Because today’s real estate market is still a decidedly buyer’s market, buyers are looking to purchase homes that they can move into; not homes that need a considerable amount of work. Although you may want to think twice before embarking on any major renovations, you will need to address other things, such as repairs and updates. In other words, don’t put your home on the market without taking care of basic maintenance issues, such as leaky faucets and torn carpeting. Get your home clean and organized, and take care of basic maintenance issues, such as painting the walls and updating light fixtures.
  • The price of your home – Sellers who are looking to get a few more bucks could be sabotaging their chances of selling their home. It is important, especially in today’s real estate market, to price your home to sell. If you don’t have any time frame for moving, then you can price your home according to what you want for it; otherwise, make sure to price it aggressively so you can sell it and move on.
  • The marketing of your home – Although it may seem like a good idea to sell your home on your own, without the help of a realtor, the reality is that realtors simply have more resources to sell your home in a shorter amount of time. A qualified realtor can get the word out about your home through a number of outlets, thereby helping you sell your home quickly and for close to the asking price.

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