E-X-P-I-R-E-D

 

If your home has just come off the market and hasn’t sold, don’t be discouraged.  The reason it didn’t sell may have nothing to do with your home or the market.  In reality, your home may have been on of the more desirable properties for sale.  If your listing has expired and you still want results, before you put your home back on the market, take a step back and review your situation.

 

 
Where should you begin?

Start by making a commitment to do what it takes to market your house to get it sold.  With the right system, the home sale you want is still well within reach.

Why didn't your property sell?

Review your previous selling plan and you'll discover that an expired listing usually reflects a problem in one or more of these major areas:

 

1.  Teamwork

2.  Pricing

3.  Condition of your property

4.  Marketing

5.  Ease of showing

 

 

HOT TIP!      Every Seller Can Boost a Property's Exposure!

 

1.  Make your property easy and ready to show:

  • Important-Consider installing a lock box

  • Allow showing times that are convenient to buyers and their agents when at all possible.  The time/day they ask to see your property may be the only time they can possibly come by.

2.  Use a "For Sale" sign, where permitted.

 

3.  Create a Good First Impression by...

  • Depersonalizing decor so prospects can focus on the property and visualize themselves living there. 

  • Emphasizing curb appeal and interior highlights

  • Keeping pets at a distance (those who are allergic or afraid will keep their distance and may not look around as much or leave and pets lovers will be distracted and the conversation will turn to animals, not your property).

And remember - the next prospects who visit, may be your buyer - be ready for them!

 

 

 

   HOT TIP !                

 

Get the Best Results!

 

 

 

To get the best results when selling your home, you need to team up with your agent to develop a powerful marketing plan that exposes your property to the widest possible pool of prospective buyers.

 

And Remember . . .

 

Not all agents are the same.  The relationship between you and your agent can make the difference between selling your home fast, or not selling it at all.

 

 

 

 

 

 

 

 

 

 

1.     TEAMWORK

 

Your home is a major financial investment, and your relationship with your REALTOR® should be a full partnership where your needs and wishes are heard, and you receive detailed and dependable feedback on the progress of your sale. 

 

Your agent has a responsibility to source showing feedback from the agents who have shown your home, and to communicate this to you so together you can make the right decisions about what to do next.  How well did this occur the last time your property was for sale?  Please keep in mind, many agents never respond to feedback requests, so as long as your agent made the effort, they cannot be held responsible for another agents lack of response.

 

 

2.     PRICING

 

Did price work for or against you?

The “right” price depends on market conditions, competition, and the condition of your home.

 

Pricing it too high is as dangerous as pricing it too low.  If your home doesn’t compare favorably with others in the price range you’ve set, you won’t be taken seriously by prospects or agents.

 

You’ll get the facts when you see the statistics!

 

To help you to establish a realistic selling price for your home, ask your agent to provide you with an up-to-date competitive market analysis to give you:

-      a review of comparable homes recently sold and

    currently for sale

-      an idea of how long other homes have been listed,

    in order to calculate an average time in which a

    home can sell in today’s market

-      a review of homes whose listings have expired, to

    understand what issues were at play, if any

 

 

Note:    There is no mention of how much you paid for your home or its improvements.  Like any other investment, the market value is determined by what a willing buyer will pay and a willing seller will accept.

 

 

 

3.  CONDITION OF YOUR HOME

 

Show Case Quality!

 

Is your house someone else’s idea of a dream home?  When buyers come are they inspired?  Do they think, “I love this house!”  Remember, the decision to buy a home is based on emotion, not logic.

 

A house in move-in condition invites a sale.  You need to consider:

-          fixing all the little squeaks and cracks

-          keeping it clean for all showings

-          making it uncluttered

-          brightening it up

-          what your home shows like from the street concentrating on outside curb appeal

 

Plus – Consider taking care of major items, such as having the home painted.  Offering an allowance to your prospective buyers, so they can have painting completed, is not the same as having it done.  Now, as they’re trying to imagine what that new paint job will look like, they may also be discounting the price even further because of the less-than-perfect look of those walls.

 

Remember:  A house that presents well, sells for the best price because it outshines the competition.

 

 

4.     MARKETING

 

Marketing Your Home To Sell!

Some Questions You Should Be Asking!

 

One of the first steps in your marketing plan involves finding an agent who will really represent you and your property.  When interviewing agents, compare their knowledge and ask each how they will market your home to buyers.

 

 

Strong internet marketing is critical.

 

 

5.  EASE OF SHOWING

 

How easy you make it for agents to get in to show your property when they request to show it will impact your market time.  Sometimes buyers have only a limited number of hours, or days to look at everything they feel is a possibility and make a decision.   They may be relocating from out of state. 

 

Also when the agent calls to set an approximate time for showing, they have already mapped out their showing route for a particular reason (perhaps time constraints for the buyer, etc.) and to ask them to rearrange several showings may be impossible to do for a number of reasons.  The important thing is to get them in when they request...unless you'll be in the shower!

 

 
 

 

Buyers are out there…and they will come, even in today's market!

 

Before you put your home back on the market remember:

  • Effective commutation is vital between you and your agent

  • Price your property according to market conditions, competition and the condition of your property

  • Be sure your property is in showcase order, buyer ready condition

  • Have an innovative marketing plan firmly set in place

  • Call us to get your property sold.

 

 

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Helping you make wise, informed decisions so you can proceed with your plans.

 

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2021 Midwest Rd, Ste 200
Oak Brook, IL 60523

630.495.2888

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Honest, trustworthy, caring, hardworking REALTORS serving the real estate needs of home, condo, townhomes, apartment building, vacant land, and commercial property sellers and buyers in the communities of Burr Ridge, Clarendon Hills, Countryside, Darien, Downers Grove, Elmhurst, Elmwood Park, Glen Ellyn, Hickory Hills, Hinsdale, Indian Head Park, La Grange, LaGrange Highlands, La Grange Park, Lombard, Naperville, North Riverside, Oak Brook, Oakbrook Terrace, Oak Park, Orland Areas, Palos Areas, River Forest, Riverside, Tinley Park, Villa Park, Westchester, Western Springs, Wheaton, Willow Springs, Willowbrook and other suburban MLS communities of metro Chicagoland Illinois.  Serving most of suburban Cook County (generally west of Central Avenue), all of DuPage County and Will County in northeast IL.  If you are selling or buying in suburban Chicago, give us a call.  We will strive to exceed your expectations.  We listen carefully to save you time and money.  We are determined to be your 1st Choice for real estate services to earn your glowing recommendations to all you know Hire us and consider it done. Family owned and operated

 

This site was last updated 07/19/11

 

 

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