Dependable Homebuyers, a nationwide real estate investor, has published a new blog post on expired real estate agreements. Once that real estate agreement has expired, it’s time to make some tough choices. There is an option to pull the house off the market, or keep trying to sell it. If selling is still the best option then the decision is whether to continue working with the current real estate agent or or finding someone new.
When a homeowner signs a contract with an agent, there is usually the expiration date which will be three to six months. When this time period comes up, the listing will expire and not appear on various platforms such as Zillow, realtor.com, Trulia, or MLS (Multiple Listing Service). This means that buyers can't view the property and purchase it off of the website.
If a real estate agreement expires, not only is the homeowner freed from their obligation to the Realtor, but it also means the house is no longer listed as "For Sale." Homeowners in this situation are urged to do their due diligence and research the real estate market in order to determine if renewing with a real estate agent is right for them.
The article identifies the fact that many homeowners list with a real estate agent because they don't want to put in the time and effort themselves. With real estate agreements expiring, homeowners are urged to consider selling their house to Depending Homebuyers before making a commitment that they may not be happy with later on down the road.
The article suggests that the fault might be with the home's pricing as to why it did not sell with the real estate agent. The best way to find out is by taking a look at recent listings in the home's area and see how they compare, or ask an agent what their thoughts are on why buyers aren't biting so far. If a homeowner knows that everything about it is perfect for potential buyers (including the price), then coming up with creative ways of making the house more attractive may help draw people in from other neighborhoods who would otherwise not have seen it. For ideas, readers should click here.
“When an agent insists on selling a home at a higher price than thought reasonable, it may be time to speak with a new agent or we buy houses company,” says Dependable Homebuyers. “To give the home the best chance of a quick sale, avoid dictating to an agent about how prices should be set.”
A homeowner can typically walk away unscathed from an expired real estate agreement, but there may be small fees to pay. Of course, it might not be hard to find a new agent as their are more than enough in competitive markets. “The day a home’s listing expires, expect a flurry of phone calls from other agents wanting to sell it,” stated Dependable Homebuyers.
High demand has led agents to grow increasingly creative in how they compete for home buyers. In some particularly tight markets, realtors are known to ring the doorbell of homes that have come on the market recently and try to get a foot in before a buyer gets there. Picking an experienced real estate agent or we buy houses company can help sell the house faster and leave everyone happy.
Those interested can read the original publication on the company's website or find more information on their blog at https://www.pressadvantage.com/story/43682-remote-workers-are-driving-suburban-home-sales-says-dependable-homebuyers.
SOURCE: Press Advantage [Link]
Dependable Homebuyers is a local home buying company in Maryland. We buy houses in any condition and any situation. If you want to sell your house fast, give us a call at (443) 219-8331 and we’ll provide you a cash offer within 24 hours.
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