Ex-Real Estate Agent Reveals The Insider Secrets The Real Estate Companies Don't Want The Public To Know! This Information Is A Threat To The Way They Do Business & Their Huge Commissions!
How would you like to sell your house for $10,000, $20,000, $30,000 or more than you thought you could and how would you like to sell it faster than average?
Billions of dollars every year are left at the closing table by homeowners who walk away with less than they should have.
Don't be one of them.
Selling your house faster and for more money is easier than you think. It's not complicated when you know exactly what to do.
OK, you're either thinking about putting your house up for sale or you've already got it up for sale. So, let's look at some scenarios....
First, for those that are thinking about selling but haven't made a decision on selling it yourself or hiring a real estate agent, let's look at your two options:
1) OK, the majority of people hire a real estate agent. Some are afraid that they can't handle the paperwork, some just want someone else to handle everything, while others think that's the only way to get the exposure for their house that they need.
Over 40 Percent of All Real Estate Listings Expire
Despite tens of millions of dollars spent on advertising touting the advantages of hiring a real estate agent, over 40% of all real estate listings expire. That number represents a vast graveyard of houses on the market that never sold.
What is an Expired Listing?
Simply stated an expired Listing is a home of a seller that did not sell within the contractual time frame as outlined by the Real Estate Listing Agreement.
The average length of a real estate listing agreement is 6 months or 180 days, but some real estate companies lock you into a full year.
While no one can guarantee that they can sell your house, this number represents a huge black eye for real estate agents everywhere.
Let it soak in… 40% of all Listings in almost any given area wind up expiring without a sale!
That is a huge number and it means that 40 out every 100 homes listed with a real estate agent are eventually left to linger on the market until the contract expires.
It means that for all of the nice ads and marketing by real estate agents a lot of homeowners are left to fend for themselves.
I can’t imagine that anyone wanting to sell their house hears about this statistic in advance of signing a 6 month to a 1-year listing agreement.
Worse yet, real estate agents are resolute that they operate by a code of ethics, and that the integrity of the industry operates accordingly, and yet I have never heard anyone in the profession utter a word about this this horrible closing ratio.
Wouldn’t you think that this would be a noteworthy disclosure to all would be sellers in advance?
This omission, may explain why 95% of all sellers wanting to sell their houses actually list with the first real estate agent that they talk to.
Maybe its the hype of the presentation or the glitter of the fancy logos.
If real estate agents were to disclose their batting average, so to speak, most home sellers would at least pause and ask a lot more questions before signing a 6 month to 1-year listing agreement.
Maybe they would also look for actual house buyers that would be willing to pay cash for their house rather than allow the Multiple Listing Roulette Wheel to determine their fate.
In preparing for this post I did a lot of research and it surprised me that the number of expired listings as a statistic is relatively hard to find.
There was a lot of information on the definition of an expired listing and how to relist and expired listing, but not specifically on the closing ratio itself.
What I did did discover, however, were the causes and they were outlined more often than not by another real estate agent.
2) Selling it yourself (FSBO). If you go this route, you can avoid paying a commission and you're not locked into a contract.
Sounds great but in reality the odds are that your house will sit on the market a LOT LONGER and you'll actually get a lower price than you could've gotten.
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