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My Home Didn’t Sell. Now What? If your home’s listing on the MLS has expired, you may be wondering which steps you should take next. You have three options to consider: relist right away, relist in the near future, or decide not to sell.

Those who decide to hire the same agent they used in the past can likely expect the same results as before. If you’re considering hiring a new agent, we always recommend interviewing a few different ones before making a decision. This will help you pinpoint what went wrong previously.

Success in selling your home is based on the home’s location, its price, and the condition of it as well as the market and the agent you select to sell it. After all, it’s the agent, not the company, who sells your house. So we address: My Home Didn’t Sell. Now What?

Hire an agent with a large buyer network who can attract buyers to the property. When deciding who to hire, ask the agent to show you their network of prospective buyers. Hire an agent based on their marketing strategy, marketing results, and ability to track global buyers to generate results.

Many clients say that they hire us based on our referrals, five-star online reviews, community and education videos, after watching us on House Hunters, or after hearing us on TV or radio. Other things to look for in agents are specialization in global promotion and luxury international marketing (we translate ads for your home into 19 native languages), as well as the implementation of modern technology to attract buyers. You’ll also want to find an agent with a great inside sales department; for example, we have a staff of client relationship associates whose only job is to find qualified buyers.

You wouldn’t want a general practitioner to operate on your kidney, would you? No, you would want to hire a kidney specialist. Be sure that the agent you hire fits your exact needs.

If you’d like any assistance finding an agent that specializes in your needs, please reach out to us by phone or email. We would love to hear from you!

Chelsea Real Estate Market is explained by expert Kathy Toth. Let’s take a look at the Chelsea real estate market. There are 5 Chelsea homes pending in the market overall.  This leaves 101 Chelsea homes still for sale. The resulting pending ratio is 4.7% (5 divided by 106). So you might be asking yourself, that’s great… but what exactly does it mean? We are glad you asked!

The pending ratio indicates the supply & demand of the Chelsea real estate market. Specifically, a high ratio means that listings are in demand and selling quickly. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply.

Taking a closer look, we notice that the $200K – $300K price range has a relatively large number of contracts pending sale.

Notice that the $200K – $300K price range has a relatively large inventory of properties for sale at 39 listings. The median list price (or asking price) for all properties in this market is $303,495.

A total of 151 homes have closed in the last 6 months.  They have a median sold price of $265,000. Breaking it down, we notice that the $200K – $300K price range contains the highest number of sold listings.

Alternatively, a total of 16 listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. The $300K – $400K price range has the highest number of off-market listings at 4 properties.

You might be wondering why average days on market (DOM) is important. This is a useful measurement because it can help us to determine whether we are in a buyer’s market (indicated by high DOM), or a seller’s market (indicated by low DOM). Active listings (properties for sale) have been on the market for a median time of 46 days.

Analysis of sold properties for the last six months reveals a median sold price of $265,000 and 24 days on market. Notice that property in the $0K – $100K price range has sold quickest over the last six months.

The recent history of sales can be seen in the two charts below. The median sold price for the last 30 days was $243,000 with a DOM of 26 days.

Since the recent DOM is greater than the median DOM for the last 6 months, it is a negative indicator for demand. It is always important to realize that real estate markets can fluctuate due to many factors, including shifting interest rates, the economy, or seasonal changes.

Ratios are simple ways to express the difference between two values such as list price and sold price. In our case, we typically use the list-to-sale ratio to determine the percentage of the final list price that the buyer ultimately paid. It is a very common method to help buyers decide how much to offer on a property.

Analysis of the absorption rate indicates an inventory of 4.0 months supply.  This is based on the last 6 months of sales. This estimate determines how long it would take to sell off the current inventory of properties if all conditions remained the same. This estimate does not take into consideration additional properties that will come onto the Chelsea market in the future.

Want to know What your Home or your Neighbor’s Home is Worth?

Let’s take a look at the Dexter real estate market. Currently, there are 21 Dexxter home sales pending in the market overall, leaving 153 Dexter homes still for sale. The resulting pending ratio is 12.1% (21 divided by 174). So you might be asking yourself, that’s great… but what exactly does it mean? I’m glad you asked!

The pending ratio indicates the supply & demand of the Dexter Real Estate market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply.

Taking a closer look, we notice that the $300K – $400K price range has a relatively large number of contracts pending sale.

We also notice that the $300K – $400K price range has a relatively large inventory of properties for sale at 38 listings. The median list price (or asking price) for all properties in this market is $428,985.

A total of 230 contracts has closed in the last 6 months with a median sold price of $318,350. Breaking it down, we notice that the $200K – $300K price range contains the highest number of sold listings.

Alternatively, a total of 13 listings has failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. The $200K – $300K price range has the highest number of off-market listings at 5 properties.

Looking at the chart above.  You might be wondering why average days on market (DOM) is important. Days on market is useful measurement because it can help us to determine if we are in a buyer’s market (indicated by high DOM), or a seller’s market (indicated by low DOM). Active homes (properties for sale) have been on the market for a median time of 78 days.

Analysis of sold Dexter homes for the last six months reveals a median sold price of $318,350.  Homes have been listed  22 days. Notice that property in the $800K – $900K price range have sold quickest over the last six months.

The recent history of Dexter real estate sales can be seen in the two charts below. The median sold price for the last 30 days was $338,326 with a DOM of 30 days.

Since the recent DOM is greater than the median DOM for the last 6 months, it is a negative indicator for demand. Most noteworthy,  real estate markets can fluctuate due to many factors, including shifting interest rates, the economy, or seasonal changes.

Ratios are simple ways to express the difference between two values such as list price and sold price. In our case, we typically use the list-to-sale ratio to determine the percentage of the final list price that the buyer ultimately paid. It is a very common method to help buyers decide how much to offer on a property.

Analysis of the absorption rate indicates an inventory of 4.0 months based on the last 6 months of sales. This estimate is often used to determine how long it would take to sell off the current inventory of properties if all conditions remained the same. It is significant to mention that this estimate does not take into consideration any additional properties that will come onto the market in the future.

Want to know what your Dexter Real Estate is worth?

Saline Real Estate Market Report Unveiled

Let’s take a look at the Saline real estate market. Currently, there are 19 sales pending in the saline real estate market overall, leaving 172 listings still for sale. The resulting pending ratio is 9.9% (19 divided by 191). So you might be asking yourself, that’s great… but what exactly does it mean?  We are glad you asked!

The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply.

Taking a closer look, we notice that the $400K – $500K price range has a relatively large number of contracts pending. Most noteworthy is the $400K – $500K price range has a relatively large inventory of properties for sale at 40 listings. Hence, the median list price (or asking price) for all properties in Saline Real Estate market is $415,950.

A total of 235 contracts has closed in the last 6 months with a median sold price of $344,000. Breaking it down, we notice that the $300K – $400K price range contains the highest number of sold Saline homes.

Alternatively, a total of 14 listings has failed to sell in that same period of time. Homes may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. The $300K – $400K price range has the highest number of off-market listings at 4 properties.

Looking at the chart above, you might be wondering why average days on market (DOM) is important. This is a useful measurement because it can help us to determine whether we are in a buyer’s market (indicated by high DOM), or a seller’s market (indicated by low DOM). Active listings (properties for sale) have been on the market for a median time of 57 days.

Analysis of sold properties for the last six months reveals a median sold price of $344,000 and 15 days on market. Notice that property in the $1.0M – $1.1M price range has sold quickest over the last six months.

The recent history of Saline sales can be seen in the two charts below. The median sold price for the last 30 days was $310,653 with a DOM of 15 days.

Since the recent DOM is greater than the median DOM for the last 6 months, it is a negative indicator for demand. It is always important to realize that real estate markets can fluctuate due to many factors, including shifting interest rates, the economy, or seasonal changes.

Ratios are simple ways to express the difference between two values such as list price and sold price. In our case, we typically use the list-to-sale ratio to determine the percentage of the final list price that the buyer ultimately paid. It is a very common method to help buyers decide how much to offer on a property.

Analysis of the absorption rate indicates an inventory of 4.4 months based on the last 6 months of sales. This estimate is often used to determine how long it would take to sell off the current inventory of properties if all conditions remained the same. It is significant to mention that this estimate does not take into consideration any additional properties that will come onto the market in the future.