Expired Listings in Evansville, IN Area
When a home on the market doesn't sell within a certain amount of time, it expires. When a listing expires, it falls off the Multiple Listing Service (MLS) and other listing websites. There are many potential reasons for an unsuccessfully sold home, but often times it's not because the home is unsellable.
It Probably Isn't Your House's Fault
Chances are, if your house didn't sell, it's not because it is undesirable. There could have been any number of things that went wrong, from the pricing of the home all the way up to how the listing was marketed in your area. Both pricing a home correctly and maximizing the number of eyes on a listing aren't easy tasks.
Whether you listed as FSBO (For Sale By Owner) and took on this task by yourself or worked with another realtor in the area, something wasn't done quite right. But don't worry — that doesn't necessarily mean that your house still can't sell. Houses are flying off the market and your's very well could be next!
Possible Reasons Your House Didn't Sell
1. The price is too high
Pricing a home for sale is tricky. There are a lot of ways to slice the data to determine your home’s fair market value. And while data, usually from sales of comparable homes in the area, is important, a top agent’s experience can be invaluable when building a pricing strategy. We can help you there! We've been serving this area of Southern Indiana for over 25 years now, and we know this market inside-and-out.
2. Your home doesn’t fit the mold
Some properties have features that make it more difficult to find the right buyer. Unique properties — like very large homes, very high-end or expensive houses, homes in unusual areas, or just homes with odd or unusual features — take a little longer to match with a buyer, and that’s okay. You just need to be able to reach those buyers, something that again, we can help you with!
3. Your staging is bad
It might seem silly — the buyer isn’t shopping for furniture, after all — but staging matters. Incorrect staging can fail to show off your home’s assets or even worse, highlight flaws you’re hoping to draw buyers’ attention away from. We have done this THOUSANDS of times, and we know what buyers are looking for.
4. Your curb appeal is no good
Curb appeal is like the staging of the outside part of your home. It’s an old real estate chestnut, but the first impression a buyer gets from your house is important. While it doesn’t necessarily make rational sense that a few flowers would translate to thousands of dollars in purchase price, a lot of homebuying decisions are done at least partially subconsciously, or by “gut.” Staging and curb appeal are part of that.
5. Your listing photos aren’t professional quality
Did you know that 44% of buyers look online before doing anything else, and 87% of buyers found listing photos very useful, according to NAR? If your listing photos don’t show off how great your house is, nobody is going to come in person to see it. We have some great photographers that can help you highlight the best parts of your home, and capture in the best light possible.
6. You’ve got a specific problem to address
Even if a showing doesn’t provide you with a buyer, it gives you something important: data. The questions you or your agent should be asking at a showing are, “What’s wrong with this home? What would need to change to make you want to buy this home?” If you’re getting the same answer from multiple people, you know you have a problem. We have established relationships with the top contractors and vendors in the area. When you work with us, you'll have access to everything you'll need to get your home in tip-top shape.
7. You’re getting bad advice
Almost everything on this list could have been prevented by working with an experienced agent at the top of their game. Your realtor should help with pricing, staging, and curb appeal, and should be taking charge of marketing and responding to feedback from showings. Don't sell yourself short in this area. A good agent can save you a lot money and headaches.
It's Not Too Late to Sell Your Home
There is a buyer for every home. With the right adjustments to your home’s price, listing, staging, or condition, it will sell. Worst-case scenario, you have to take your home off the market while you make some changes and then relist. The good news is that if you have to relist the home, you can start fresh with us, and we can help you sell your home FAST for the most amount of money possible!