What is an expired listing?
The property has an expired listing if it hasn’t sold by the time frame specified in the listing agreement between the seller and the listing agency.
Sellers that have a listing for an extended period go through a long process of eager anticipation, followed by disappointment as the days, weeks, and months go by. Therefore, plans for the future must be put on hold, and stress levels have probably increased due to the rising costs of holding onto the property. Additionally, the longer your house is on the market, the less likely it is that you will get an asking price.
Continue reading to learn more about three things you can do if your listing agreement in Weatherford has expired.
Relist
Relisting is one of the options available to you in Weatherford if your listing agreement has expired.
Unless, of course, there was a communication issue with your agent, you should first talk to your real estate agent about what might have gone wrong with your listing. If you can identify the problem with your listing, you may develop a fresh plan of action to reach your objective. It’s time to re-evaluate agents if you had unreasonable expectations and the agent tried to appease you by giving you control over the listing.
There are numerous reasons why a listing doesn’t sell, but the most common ones are that the asking price is either too high or too low, the web photographs are of poor quality, and the house is dirty or messy, which causes the majority of buyers to ignore the ad. Perhaps the problem was a buyer who had numerous contingencies during talks that you could not work around or a bidder whose financing fell through, wasting your time and forcing you to relist.
Another choice for you to think about is to get in touch with a direct buyer, such as those at TMC Property Solutions, who can provide you with a definite closing date and put an end to your suffering of waiting with a cash offer for your home in its current condition that you’ll think is reasonable.
FSBO
Have you heard of the term “For Sale By Owner” (FSBO)?
When a property is listed as “for sale by owner” (FSBO), the owner is marketing it on their own behalf rather than through a real estate agent or broker.
If your listing agreement in Weatherford has expired, another course of action is for you to act as your own agent. Although maintaining those large real estate commissions for yourself may make this appear like a cost-saving measure, sellers rarely find that this is the case. The ultimate sales price is typically about 26% less than those quoted by agents for about 8% of FSBO listings that do sell. But did you know that by selling to a local direct buyer like TMC Property Solutions, you can avoid commissions, closing charges, and any unpleasant surprises at the end of the transaction?
How does For Sale By Owner (FSBO) Work?
The seller who chooses the FSBO option assumes the following duties performed by real estate agents. These duties consist of:
- Calculating the asking price by looking up the values of nearby properties for homes with similar characteristics, or “comps,” such as the number of bedrooms and the size of the house.
- Organizing the marketing, such as advertising, internet listings, flyers, brochures, and MLS listing for the property (MLS).
- Scheduling and accommodating appointments and showings.
- Preparing the legal paperwork, including the sales contract, the disclosure form for residential property, the form for oil and mineral rights, the occupation agreement, and the lead-based paint disclosure (if the home was built before 1978). The property survey, licenses, COs, loan paperwork, utility bills, property tax bills, homeowner association covenants and agreements, and the property title may also need to be located by the seller.
- Getting the deed prepared, signed, witnessed, and notarized (for example, a quitclaim, warranty, or another sort of deed).
TMC Property Solutions
Working with a direct buyer from TMC Property Solutions entails collaborating with knowledgeable local investors who are concerned about both your future and the future of Weatherford. At TMC Property Solutions, we support complete openness. In order for you to compare and select the sales strategy that is most appropriate for your circumstances, your direct buyer from TMC Property Solutions will give you all the information on how they came to their conclusions and describe the price at which your home should be listed on the MLS. Your direct buyer from TMC Property Solutions will let you know if a listing is the better choice because we want you to make the most money possible. At TMC Property Solutions, we take great pride in our work and want you to feel good about the transaction even beyond the closing.
It’s clear to see that the best action you can take when you have an expired listing agreement in Weatherford is to call TMC Property Solutions at (817) 550-5069 Opt# 1.
SUMMARY
You have a couple of options on what to do with an expired listing agreement; however, take moment to review the benefits of working with TMC Property Solutions instead. With the numbers all laid out, you can rely on fully disclosing the assessment from TMC Property Solutions.
You can compare relisting and For Sale By Owner vs. the fair offer for cash from TMC Property Solutions for your home as-is. And, with no need for an inspection or making repairs and no hassles from showings, TMC Property Solutions saves you money and makes the process quick and easy. Your closing could be in as little as 7-14 days or delayed if you’re not quite ready, TMC Property Solutions has the flexibility to work on your schedule. With our full-service team, you can pack what you like and leave the rest behind, and our crew at TMC Property Solutions even cleans up the mess from moving.
If we can’t help you, we probably know someone who can, so give us a call today.
Call or Text us anytime at (817) 550-5069 Opt# 1 or connect with us on our website, and we’ll lay out all of your options for your specific situation.
TMC Property Solutions is a Veteran owned and family-run business and has been helping families for 20+ years “Sell your house fast in Dallas Fort Worth “and surrounding cities, providing solutions that work.
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