In the bustling real estate market of Lynchburg, VA, it’s not uncommon for property listings to expire. While this can be a daunting situation for sellers, understanding the reasons and taking proactive measures can turn the tide in your favor. This article delves deep into the actions you can take if faced with an expired listing agreement in Lynchburg, VA.
When a listing lingers on the market, sellers experience a long road of hopeful anticipation followed by disappointment as the days, weeks, and months pass. As a result, plans for the future must be put on hold, and stress levels have likely risen as costs for holding onto the property continue to roll in like the tides. Furthermore, the more days your property is listed on the market, the less likely you will receive your asking price.
Understanding Expired Listing Agreements
An expired listing agreement occurs when a property remains unsold after the duration specified in the listing contract with a real estate agent. There are various reasons for this, ranging from overpricing to inadequate marketing strategies.
What is an Expired Listing Agreement?
Simply put, an expired listing agreement signifies that a property hasn’t been sold within the stipulated timeframe. This could be due to several factors, but it’s essential to pinpoint the exact reasons to address them effectively.
Common Reasons for Listings Expiring
The Lynchburg VA market, like any other, has its unique dynamics. Listings might expire due to overpricing, ineffective marketing, or even the property’s condition. Understanding these reasons is the first step towards a solution.
The Implications of an Expired Listing in Lynchburg VA
An expired listing isn’t just a minor hiccup. It can have several implications, from affecting the property’s perceived value to influencing potential buyers’ decisions.
So now what? If your listing agreement has expired, read on as we explore three actions you can take if you have an expired listing agreement in Lynchburg.
Relist
One of the actions you can take when you have an expired listing agreement in Lynchburg is to relist. First, however, you should talk to your real estate agent about what may have gone wrong with your listing unless, of course, the problem was communicating with your agent. It’s helpful if you can pinpoint the issue with your listing and create a new strategy to achieve your goal. If you had unrealistic expectations and your agent placated you by allowing you to take the driver’s seat with the listing, it’s time to reassess agents. There are many reasons a listing doesn’t move; typically, the pricing is too high or too low, the online photos are of poor quality, and the home is in a state of disrepair or cluttered, causing a majority of buyers to pass by the listing. Perhaps the issue was a buyer who had a lot of contingencies that you could not work with during negotiations or a buyer with financing that fell out from under them, wasting your time and leaving you in the position of needing to relist. Another option for your consideration is to reach out to a direct buyer, like those at Linken Investments, who can provide you a guaranteed closing date and bring your misery of waiting to an end with a cash offer for your Lynchburg home as-is, that you’ll agree is fair.
FSBO
Another action you can take when you have an expired listing agreement in Lynchburg is to take on the role of agent yourself. While this may seem like a money-saving solution because you’ll be keeping those high real estate commissions for yourself, it rarely works out this way for sellers. Of the approximately 8% of FSBO or for sale by owner listings that sell, the final sales price is typically around 26% less than those listed by agents. Did you know, that by selling directly to a local direct home buyer like those at Linken Investments, you won’t pay any commissions or closing costs, and there won’t be any hidden fees to surprise you at closing either?
Sell To A Cash Buyer
Working with a cash buyer from Linken Investments means working with local professional investors who care about your future and the future of Lynchburg. At Linken Investments, we believe in total transparency. We will provide you with the full details on how we calculated the numbers and make you a cash offer on your property today. We’re proud of our work at Linken Investments and want you to feel good about the deal long after leaving the closing table.
How Linken Investments Simplifies the Home Selling Process
Initial Property Assessment
Once you contact Linken Investments, we will schedule a visit to assess your property. During this visit, we will evaluate its condition and determine a fair offer based on market factors and the extent of repairs needed.
Cash Offer and Negotiation
After the assessment, we will present you with a cash offer. You have the freedom to negotiate and discuss any concerns or questions you may have. If you accept the offer, we will proceed with the closing process.
Quick Closing
Unlike traditional home sales, where the closing process can take months, we can close the deal quickly. We will guarantee a closing date that works best for you. This speeds up the selling process, allowing you to move on with your plans and get the money from the sale in your hands sooner.
Minimal Paperwork
Working with Linken Investments involves minimal paperwork compared to traditional real estate transactions. We’ll ensure a smooth and efficient transaction, reducing your burden and making the process of selling your home as simple as possible for you.
It’s clear to see that the best action you can take when you have an expired listing agreement in Lynchburg is to call Linken Investments at 434-390-2906.
Linken Investments, Lynchburg’s Trusted Home Buyer and Seller
Linken Investments LLC. is a local real estate solutions company based out of Lynchburg, VA. We are Lynchburg’s Trusted Cash Home Buyers. We have been buying houses for cash in the Lynchburg area since 2005. We are also Licensed Realtors in the state of Virginia. Since we are a real estate investment company as well as a licensed and reputable real estate agent, we have multiple ways we can work with you to sell your Lynchburg area home on your schedule and for the highest price. We provide you a way to see all of your options in one spot… letting you choose whether you want to maximize the price of your sale by listing on the Lynchburg MLS or whether selling fast and simply is more important to you.
Our years of experience are one reason clients trust Linken Investments to complete the sale of their Lynchburg area property quickly with honesty and integrity. We’re a family-owned business and focus on helping homeowners like you find solutions to your problem whether you’re going through a foreclosure, selling an inherited property, or just need to sell your house fast for any reason. Linken Investments offers you the chance to sell your home in a simple, stress-free, cash transaction, or you can list the house with us. We’ll sell your Lynchburg area house at the highest possible price with our wide buyer network and the best marketing in Virginia.
Linken Investments can buy your home exactly as it is, no repairs or cleaning needed, and we pay all cash and close fast, in as little as 7 days or when it works best for you. Think of all the time and money that can save you. There’s no easier or quicker way to sell your Lynchburg house fast and get on with the next chapter in your life.
It won’t cost you any money and only about an hour of your time to find out how much cash we’ll pay you for your house. And you’ll be under no obligation to accept our offer, so you have nothing to lose but a house that’s standing between you and the life you want to enjoy.
Give us a call or text anytime 434-390-2906 or fill out the short form here today!