Wednesday, July 24, 2013

My House Just Came Off The Market, What Do I Do Now?


So your listing agreement with your prior agent just expired (typically a 6-month listing agreement), what do you do now? If your first instinct is to get it right back on the market with the same agent, please walk over to a mirror, look yourself dead in the eyes and consider what I'm about to say.

Your prior agent just had your listings for six months and could not get the job done, what did that agent do in those six months to justify letting them sell the most valuable asset that you own? Let's be honest with ourselves, your agent probably tried their hardest to get your home sold for you. Your agent probably called their buyers leads, told all the agents in their office about your listing, and even put your home on the MLS. Fact of the matter is your prior agent couldn't get the job done given six months to complete the simple task of getting your home sold. So if someone would remind me what's the definition of insanity again?

Insanity- Doing the same thing over and over again and expecting different results. 

After working with their prior agent for six months, I always ask homeowners what exactly they expect that agent to do differently this time around. A lot of the time the responses I get are, "oh it wasn't my agents fault, the market just isn't good right now". If you weren't aware the market is doing phenomenal, it's actually up 10% over the past year. Don't listen to your agents excuses on why they couldn't get a simple task done given six months time. Another response I always get is, "I'm listing back with the agent they're a friend of mine." Think about this for a second! This is probably the largest sale you will ever make in your life! Do you simply just want to do a friend a favor and potentially lose out on tens of thousands of dollars or do you want an agent who uses a proven plan to get their clients top dollar every single time.

Moral of the story is, if your listing contract expires with your old agent do yourself a favor and at the very least get a second opinion from another realtor.

If you have any questions feel free to reach out to me, KyleKovats@Gmail.com

Kyle Kovats, New Jersey Realtor

No comments:

Post a Comment