What To Do With Your Expired Listing

So after months and months of waiting you’re still trying to sell your house? We know what that’s like! And we feel for a homeowner who has been dealing with an expired listing. But don’t worry, it doesn’t have to be this way anymore – thanks to us. Find out how easy the process can be and get all of those frustrations off your chest today by contacting our company. Call us now so we can relieve you of your unwanted house and help you get your life back on track fast, fair, and simply!

For homeowners who want to sell, it can be frustrating when their listing expires. You put time and money into working with an agent only to find yourself back at square one months later without a sale. It’s likely that you have your reasons for wanting out of the home; maybe there are too many rooms or not enough space where you live now. Maybe something more difficult like high taxes has made owning the property less feasible than before, or dealing with tenants is getting old fast. We know, we’ve heard it all before. It’s very stressful, but stop, take a breath, and read on to see what are some of your options when your listing expires.

List It Again

If you’ve been trying to sell your house with no luck, it may be time for a change of strategy. You could work with a new real estate agent who has a different approach from the one before and ask them for advice on what to do differently this time around. Also, did you hire a professional photographer the first time around? Did your listing include drone photography? If not, these are some great ways to show off your property in a whole new light. If you’ve got some more money to spend, consider some affordable upgrades such as fresh paint, new fixtures or countertops which might make the home feel more modern to potential buyers. I know, finding yourself back at square one after months and months of waiting for a buyer is very disheartening. Luckily, there’s a lot of things you can do to make the second attempt even better than the first. 

Rent It Out

Ever thought about being a landlord? Maybe now is not the right time for your home sale. Before committing to another 6 to 12 month long listing agreement, look into the rental market in the area. How much do similar properties rent for? How’s the vacancy rate? Is the area highly desired by renters? But being a landlord isn’t for everyone, so only consider this approach if it’s something you truly want to do and have the time for. Also, you might want to consider hiring a property management company to help shoulder the workload. Note that property management companies typically charge around 10% of the monthly rent, though this does typically vary by company and region. If you don’t need the cash right away, renting the property for a year or two and then re-evaluating might be the best option for you. After a year or two you can scope out the retail real estate market again and maybe at that point you’ll have an easier time selling your home.

Try Owner Financing

Selling your home with owner financing might be a great option if you don’t need all the money from the sale upfront. There’s a lot of people out there who want to become homeowners but for one reason or another they don’t meet all the exact criteria that traditional banks are looking for in a borrower. Maybe they recently changed careers – banks typically want to see two years of income in a new career before considering the borrower. Perhaps they are self employed and have a difficult time clearly documenting their income. Or maybe they are held back by one flaw in their financial history. They may have been a victim of identity fraud which negatively impacted their credit score. Or perhaps a sudden expense like medical bills or car repairs drained the money they were saving for a down payment. 

These may be great financially responsible individuals just looking for some help getting into being homeowners! By offering owner financing you will not only get your asking price when selling your house, you’ll also give someone else the opportunity of becoming proud owners themselves! 

Professional home buying companies such as House Heroes also make great owner finance buyers. Professional home buying companies love to buy homes with owner financing and are typically willing to pay significantly more than if they were making a cash offer. If this idea sounds appealing, reach out to us to see what we can offer.

Sell It Directly

Have you considered selling your home yourself to a professional home buying company such as House Heroes? Selling your home directly to a professional home buying company is a quick process and avoids additional costs and waiting. You’ll experience a simple and hassle-free process and receive your proceeds in less time than it might take to get your home ready to list and back on the market. Best of all, you’ll no longer be on the hook for agent fees and commissions which would have eaten away at your profits if you sold the home traditionally. Our process won’t cost you a dime and puts money into your pocket right way! But don’t take our word for it, check out what other homeowners have said about working with us.

Wait

Waiting for the right time to sell your house is never fun, but it might be best to wait for the market in your area to improve. It can be a gamble, leaving you stuck in an unhappy living situation waiting around for something that may not happen as quickly or even at all. Maybe you miss out on a golden opportunity. 

If you have an expired listing and aren’t excited about any of the above options, contact us to see how we can help! We make fast and fair cash offers for houses. We can help you finally get rid of your unwanted house so you can move on with your life!

Get help with your expired listing! Reach out to us today to find a solution that works for you! (954) 676-1846