When a property remains unsold on the market, sellers undergo a protracted period of eager expectation that is eventually met with disappointment as days, weeks, and even months go by. This can result in a need to adjust future plans, and stress levels are likely to rise as costs associated with keeping the property persistently accrue. Additionally, the more days your property stays on the market, the less likely it is that you will obtain the price you were asking for.
Wondering what your options are now that your listing agreement has expired? Keep reading as we delve into three actions you can take if you have an expired listing agreement in Manchester NH.
Relist
If you have an expired listing agreement in Manchester NH, relisting is one option worth considering. Before doing so, however, it’s advisable to speak with your real estate agent to identify any potential issues with your previous listing, unless the problem was due to communication difficulties with your agent. Pinpointing the cause of the problem and devising a new strategy to achieve your objective can be beneficial. If you had unrealistic expectations and your agent allowed you to control the listing, it may be time to consider finding a new agent. Listings can fail to attract buyers for a variety of reasons, such as overpricing, underpricing, poor-quality online photos, clutter, or the property being in a state of disrepair. It could also be due to a buyer with numerous contingencies that you couldn’t work with during negotiations or financing that fell through, leaving you in the situation of needing to relist. Another option is to contact a direct buyer, like Old Harbor Properties, who can offer you a fair, all-cash deal for your property as-is and provide you with a guaranteed closing date, bringing an end to your waiting period.
FSBO
If you have an expired listing agreement in Manchester NH, you may consider becoming the agent yourself. Although this may seem like a cost-effective option because you’ll be able to keep the high real estate commissions for yourself, it rarely works out well for sellers. In fact, only around 8% of FSBO (For Sale By Owner) listings are successful, and these properties usually sell for about 26% less than those listed by agents. However, you may not be aware that if you sell your property directly to a local direct buyer like Old Harbor Properties, you won’t have to pay any commissions or closing costs, and there will be no hidden fees to surprise you at closing. This can be a great option for those looking to sell their home quickly, hassle-free, and for a fair price. So, instead of attempting to be the agent yourself, consider selling directly to a reputable local buyer like Old Harbor Properties.
Old Harbor Properties
When you need to sell your house fast, you can trust Old Harbor Properties, a team of local professional investors who truly care about your future and the future of Manchester NH. At Old Harbor Properties, we prioritize transparency and honesty, so you can expect your direct buyer to provide you with all the details on how they arrived at the offer, which includes an estimate of your property’s worth if listed on the MLS. This information allows you to compare and decide which selling option is best for you. If listing your property is the better choice, we will tell you so that you can earn the maximum profit. Our team takes pride in providing you with a hassle-free, quick, and fair selling experience, and our goal is for you to feel confident and content with the deal long after the closing table. As one of the leading “We Buy Houses” companies, we are dedicated to making your home selling process as easy and stress-free as possible.
It’s evident that the optimal course of action to take when faced with an expired listing agreement in Manchester NH is to contact Old Harbor Properties at (781) 549-0271.