Santa Clarita real estate and Southern California real estate not selling after it’s listed for sale.
We get intel on at least 30+ properties a week in the Santa Clarita Valley Cities that do not sell within contractual timeframes.
That means that at least 30+ real estate listings a week expire and maybe your’s is one of those that did not sell.
Why did it not sell?
You can bet your arse that your phone will ring off of the hook, if your phone number was used as a way to show your home while it was on the market.
There are companies that agents pay for that give them the “expired” listings accompanied by your personal phone number that was used by your previous listing agent to have the showing scheduled.
While that is not a sin, because it was probably explained, it is a sin when real estate agents all pitch the say way when calling you after your previous agent could not sell your home for the price they promised.
The pitch goes something like this, “Are you ready to hire the right agent?”
Unfortunately, you thought you hired the right agent. Maybe they were referred to you. Maybe you fell into the Zillow/Trulia Trap. It could be that you went with a discount broker Redfin/Assist to sell/upNEST, and others.
Bottom line is you are not to blame. Your Realtor was.
While they may have given you their opinion of your home’s value, they should have stuck by their guns when you wanted it listed for more.
When we have a seller wanting to list their home for an unreasonable amount, after we show them the cold hard facts – in the way of comparables, apples to apples listings, and they still want to list for the “unreasonable” amount, we say we are not the agent for them.
Unfortunately, we can give or take 10k in a given market. But to go much higher is going to cause them to have to wait, or maybe not sell at all and expire as you may have.
Real Estate is a tricky business. Real Estate needs to be handled by experts. Not those willing to discount their services at first glance, even before they are able to show you their worth!
Remember what my dad used to tell me. He was too poor to buy cheap things. Value goes much farther than cost – so he was willing to pay for good service and that tenant never let him down!!!