Five common causes for an expired listing and what you can do about it
Has your real estate listing recently expired? Don’t get frustrated! At Patriot Flip, we make cash offers on homes that failed to sell with an agent on the MLS. Fill out the form above to get started today!
You’re likely frustrated and slightly overwhelmed. The good news is that you can still sell your house, even after a listing has expired in Arizona. Whether you’re aiming to sell fast, avoiding relisting with the same agent, or want to explore cash offers, there are plenty of solutions available to you.
A common question homeowners ask after their home becomes an expired listing is whether they can still sell their house. The simple answer is, yes! It’s your property, and you have the freedom to sell it as you see fit. However, there may be stipulations in your previous listing agreement, such as a clause requiring you to wait a certain period before selling with a new agent. These clauses, often called protection periods, are designed to protect the original agent’s commission. That said, they don’t prevent you from exploring other options, including selling directly to a cash buyer.
This guide will provide everything you need to know about expired listings, why they happen, and how to successfully sell your home, even after an expired listing. Keep reading to lear more about how to sell your house in Arizona after an expired listing!
Table of Contents
- Five Common Reasons Why Listings Expire
- Why Do you Think Your Home Expired?
- Misconception: Overpricing Leads to Higher Offers
- What to Do After a Listing Expires Arizona?
- The Simplest Solution
- FAQs About Selling an Expired Listing
- Final Thoughts: Selling an Expired Listing
Five Common Reasons Why Listings Expire
- Overpriced Listing: One of the most common reasons for a failed listing is pricing. If your home is priced above market value, it’s unlikely to attract serious buyers. Even if your home is beautiful, buyers may skip over it if they perceive it as overpriced.
- Poor Marketing: Marketing is the only way the public can become aware of your property and that you are offering to sell it. Some of the more simple marketing mistakes, is poor-photo quality, not posting the property on major real estate websites, such as Realtor.com or Zillow. The third mistake is not staging or virtual staging in photos.
- Poor Agent Communication: If your agent failed to communicate effectively, you might not have been informed about feedback from showings, necessary improvements, or market updates. Lack of communication can leave common buyer objections left unchanged and keep your listing from selling.
- Condition of the Property: A property in poor condition, with foul odor or with unaddressed repairs can be significant deterrent for buyers. Most buyers want move-in-ready homes and may not want to deal with extensive work.
- Market Conditions: Sometimes, external factors like a slow market, rising interest rates, or local conditions can affect your listing and the ability to sell a property.
Why Do You Think Your Home Expired?
It’s common to want to blame the real estate agent, market conditions, or lack of marketing that kept your home from selling. However, in most cases, it comes down to two primary factors: Price and Condition.
This can be a sensitive topic for homeowners, as no one likes to feel judged about how they live, how clean their house is, or if it has an odor. Likewise, it’s difficult to hear that your house may be worth less than what you saw on Zillow or the number you had in mind.
To truly understand why your home expired, take an honest look at the situation and reflect on what may have kept your property from selling. Here’s how:
- Revisit Buyer Feedback: Think back to the objections raised by potential buyers during showings. Your real estate agent should have kept you informed about any feedback or traffic your property received while it was listed.
- Evaluate Price: If a common objection was price, that’s a straightforward evaluation. Homes priced above market value tend to struggle to sell. Use a comparative market analysis (CMA) to understand how your home’s price stacks up against similar properties.
- Asses Condition: This is a tougher area for many homeowners. If your agent avoided discussing issues like clutter, odor, or outdated features, you might need to consider these factors yourself. Step into the shoes of a potential buyer or ask a trusted friend for an honest opinion about your home’s condition. Would they be excited to purchase it as is?
An agent who can provide candid feedback is invaluable. However, if your previous agent didn’t address these issues, it’s time to find someone who will or consider selling to a cash buyer, who don’t care about the condition of the house.
Misconception: Overpricing Leads to Higher Offers
A common misconception is that overpricing your home will lead buyers to offer closer to the number you’re dreaming of. In reality, pricing a home slightly below market value often creates a buyer frenzy, leading to a bidding war. When your home is seen as desirable—whether through pricing it well or updating it—it naturally attracts more interest. The increased competition can drive up offers and result in a higher sales price.
By pricing your home competitively, your more likely to create the sense of urgency buyers need to act quickly and make strong offers.
What to Do After a Listing Expires in Arizona?
If your real estate listing has expired, it’s essential to evaluate your options and decide the best course of action. Here are three primary solutions to consider:
- Sell to a Cash Buyer: Selling your house to a cash buyer is one of the fastest and most straightforward solutions after a listing expires.
- Quick Closing: Cash buyers can close in as little as a few days, saving you from the lengthy traditional sales process.
- As-Is Sales: Cash buyer purchase homes in their current condition, eliminating the need for costly repairs or updates.
- No Fees: You’ll avoid real estate agent commissions, saving thousands of dollars.
At Patriot Flip, we specialize in helping homeowners in Arizona who need to sell fast. We Buy houses in Arizona for cash offering a stress-free solution to move forward from any situation, including an expired listing.
- List with a New Agent: If you prefer to continue working with a real estate agent, consider finding a new one with a proven track record in your area. Here’s how to choose the right agent:
- Check Reviews: Look for agents with positive client reviews and a history of selling homes similar to yours.
- Ask Questions: Ask potential agents about their marketing strategies, communication style, and experience with expired listings.
- Ask What they Do for Marketing: Ensure they use professional photography, virtual tours, and social media advertising to market your property. Ask for a detailed property description to peak buyers interest.
- Adjust Your Strategy & Relist with the Same Agent: If you’re sticking with the same agent, revisit your strategy before relisting. Key adjustments include:
- Reevaluate Pricing: Take a close look at the market data for homes in your area. Ensure your asking price aligns with current market conditions and reflects your home’s true value.
- Upgrade Curb Appeal: First impressions matter. Simple updates, such as fresh landscaping, a new coat of paint, or updated fixtures, can significantly increase your home’s appeal.
- Stage Your Home: Professional staging helps buyers visualize themselves living in the space. Declutter, depersonalize, and arrange furniture to showcase the home’s potential.
By making these adjustments, you can increase the odds of selling your property faster and for more money. When a home expires, it’s your chance to start over and do it correctly!
If all of this sounds like too much time, work and money—skip the hassle and request your free cash offer today by filling in the form below
Selling to a Cash Buyer: The Simplest Solution
Selling to a cash buyer is an attractive option for homeowners who need to sell quickly and without hassle. Here’s how the process works:
- Request a Cash Offer: Contact a cash buyer, like Patriot Flip, and provide basic details about your property.
- Property Evaluation: The buyer may visit your home or review photos to determine its value and run a CMA.
- Receive an Offer: You’ll receive a fair, no-obligation cash offer for your property.
- Accept the Offer: If you agree, sign the contract and set a closing date.
- Close the Sale: At closing, you’ll receive your payment, and the buyer takes ownership of the property.
This streamlined process eliminates the stress of traditional home selling and allows you to move on quickly.
Step 1
Fill Out Form
Fill out the form, and we will connect you with a local cash buyer.
Step 2
Get Offers
Receive a CASH Offer for your house from a local buyer. No Obligations.
Step 3
Get Paid
Get cash for your house! Close on your timeline. No Hassles.
FAQs About Selling an Expired Listing
Here are the most Frequently Asked Questions when a Arizona homeowners house fails to sell and becomes an Expired Listing.
Can I sell my house after the listing expires?
Yes, you can sell your house after a listing expires. You can either relist with a new agent, extend your contract, or sell to a cash buyer.
How long do I have to wait to sell after a listing expires?
Most real estate contracts include a 90-day protection period, during which you may owe your previous agent a commission if you sell the house. Be sure to check the terms of your agreement.
Why should I consider selling to a cash buyer?
Selling to a cash buyer is fast, hassle-free, and doesn’t require repairs or updates. It’s an excellent option if you’re looking to sell quickly.
What if my home didn’t sell due to its condition?
Cash buyers purchase homes as-is, so you don’t need to worry about making repairs or updates to sell.
Final Thoughts: Selling an Expired Listing in Arizona
When a home fails to sell, hope isn’t lost. In fact it’s a second chance to refresh the houses appearance and marketing to increase you chances of selling, and possibly selling for even more money! You should now have a firm grasp on why you’re home became an expired listing and what you plan to do next.
The fastest and least stressful solution is selling to a cash buyer, such as Patriot Flip. The next best option is to start interviewing new agents to correctly sell your property. Good luck!
Check out our latest Blog Posts Below:
- Short Sale vs Foreclosure – What’s the Difference in Phoenix?
- Understanding Closing Costs in Arizona
- How to Get Rid of Bad Tenants in Arizona
- Listing Expired: How Can I Sell My House in Arizona?
- Selling a House in Probate Arizona [House Probate Sale]
Patriot Flip is an Arizona Cash Home Buyer, helping homeowners Sell Houses Fast for Cash. Click on your City or one nearest to you to request a Cash Offer today.
Author: Mark St. Peter
Mark St. Peter is a real estate professional with extensive experience in real estate investing, real estate sales and building businesses. He’s covered real estate across northern California, as well as Arizona.
Mark founded Patriot Flip to assist homeowners looking for alternative solutions for selling a property, rather than going the traditional route of paying commission, hidden fees and long waiting times.