Overcoming Challenges of an Expired Listing in Spokane
When a property lingers on the market, sellers endure a prolonged period of hopeful anticipation followed by disappointment as the days, weeks, and months pass. Consequently, plans for the future must be put on hold, and stress levels are likely to rise as costs for holding onto the property continue to accumulate like the tides. Moreover, the longer your property stays on the market, the less likely you are to receive your asking price.
So, what’s the next step? If your listing agreement has expired, read on as we explore three actions you can take if you find yourself with an expired listing agreement in Spokane.
Relist with a New Strategy
One of the actions you can take when facing an expired listing agreement in Spokane is to relist. However, before doing so, it’s crucial to have a conversation with your real estate agent about what may have gone wrong with your initial listing—unless, of course, the issue was communication with your agent. It’s helpful if you can pinpoint the problem and create a new strategy to achieve your goal.
Common reasons for listings stagnating include pricing being either too high or too low, poor-quality online photos, or a home being in a state of disrepair or cluttered, deterring potential buyers. Alternatively, the issue might have been a buyer with numerous contingencies or a buyer whose financing fell through during negotiations, leaving you in a position where relisting becomes necessary.
Another option worth considering is reaching out to a direct buyer, like those at WeBuySpokane.com, who can offer a guaranteed closing date and present a fair, cash offer for your home as-is, putting an end to the waiting game.
FSBO (For Sale By Owner) – A Cautionary Tale
Another course of action when dealing with an expired listing agreement in Spokane is to take on the role of the agent yourself. While this may seem like a cost-effective solution by avoiding real estate commissions, it seldom works out favorably for sellers. Of the approximately 8% of FSBO (For Sale By Owner) listings that sell, the final sales price is typically around 26% less than those listed by agents.
However, selling directly to a local direct buyer like those at WeBuySpokane.com eliminates commissions and closing costs, with no hidden fees surprising you at closing.
WeBuySpokane.com – Your Reliable Partner
Choosing to work with a direct buyer from WeBuySpokane.com means collaborating with local professional investors who genuinely care about your future and the future of Spokane. At WeBuySpokane.com, we believe in total transparency. Your direct buyer from WeBuySpokane.com will provide you with 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, allowing you to decide which sales method is best for your circumstances.
If listing again is the better option, your direct buyer from WeBuySpokane.com will communicate that because we want you to maximize your profits. We take pride in our work at WeBuySpokane.com and want you to feel satisfied with the deal long after leaving the closing table.
The best course of action when dealing with an expired listing agreement in Spokane is to call WeBuySpokane.com at 509 795-0254. Our team is ready to guide you through the process and help you make the most informed decision for your unique situation.