When a listing lingers on the market, sellers experience a long road of hopeful anticipation followed by disappointment as the days, weeks, and months pass. As a result, plans for the future must hold, and stress levels have likely risen as costs for holding onto the property continue to roll in like the tides. Furthermore, the more days your property is listed on the market, the less likely you will receive your asking price.
So now what? If your listing agreement has expired, read on as we explore three actions you can take if you have an expired listing agreement in Virginia Beach.
Relist
One of the actions you can take when you have an expired listing agreement in Virginia Beach is to relist. First, however, you should talk to your real estate agent about what may have gone wrong with your listing 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. 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. There are many reasons a listing doesn’t move; typically, the pricing is too high or too low, the online photos are of poor quality, and the home is in a state of disrepair or cluttered, causing a majority of buyers to pass by the listing. Perhaps the issue was a buyer who had a lot of contingencies that you could not work with during negotiations or a buyer with financing that fell out from under them, wasting your time and leaving you in the position of needing to relist. Another option for your consideration is to reach out to a direct buyer, like those at Wise Choice Home Buyers, who 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.
FSBO
If you have an expired listing agreement in Virginia Beach, one option is to take on the role of agent yourself. While this may save you money on commission fees, it’s important to remember that FSBO (For Sale by Owner) homes sell for an average of 26% less than homes listed with an agent. A smarter option is to sell directly to a local direct buyer like Wise Choice Home Buyers. We’ll buy your home as-is, so you won’t have to worry about making any repairs or renovations. Plus, we can close on your timeline, so you don’t have to wait around for months (or even years) for the perfect buyer.
Wise Choice Home Buyers
Working with a direct buyer from Wise Choice Home Buyers means working with local professional investors who care about your future and the future of Virginia Beach. At Wise Choice Home Buyers, we believe in total transparency. Therefore, your direct buyer from Wise Choice Home Buyers will provide you with the full details on how they calculated the numbers and outline how much your home should sell for on the MLS with a listing to compare and decide which sales method is best for your circumstances. If a listing is the better option, your direct buyer from Wise Choice Home Buyers will say so because we want you to earn the highest profits. We’re proud of our work at Wise Choice Home Buyers and want you to feel good about the deal long after leaving the closing table.
It’s clear to see that the best action you can take when you have an expired listing agreement in Virginia Beach is to call Wise Choice Home Buyers at 757-800-1870.