Key takeout
Did the house not sell at first? Please evaluate why before relisting your home. Make the necessary improvements and updates, adjust your pricing strategy, and enhance listing photos and descriptions. Here’s how to make a stronger impression and lead the right buyers to a relisted home:
Relist your home: What you need to know
Are you thinking about relisting your home after you didn’t sell for the first time? This is a common scenario, and with the right approach, you can increase your chances of success. Considering retrieving your Boulder or Miami home, this Redfin Real Estate Guide provides important considerations and steps to effectively regain your home.
Why get your home back?
Sometimes a home is not sold for reasons beyond its inherent value. Market conditions may change. It is possible that the initial pricing was off. It is also possible that the marketing didn’t reach the right buyer. Relisting offers a new start, address issues and reintroduce property into the market.
We will evaluate why your house didn’t sell
Before relisting, take a look at why your home wasn’t attracting buyers for the first time. If you leave your home from the market and relist without any changes, you will get the same disappointing results. Here are some common questions to ask yourself about the old list:
Price: Was your home too expensive for the market? Expensive homes often sit for a long time. Condition: Did your house look good? Have you missed the repairs and staging opportunities you need? Marketing: Was the photos convincing? Was the explanation fascinating and informative? Market Status: Did the local housing market slow down during the listing period? Exposure: Was your home something that could be seen by enough potential buyers?
Real estate agents provide valuable insight into these areas and provide data and observations that will help you understand previous outcomes and future plans.
Make improvements and updates
Fresh paint, minor repairs, or tidying up can make a huge difference. Small updates can enhance the appeal of your home and justify your new list. A well-present, clean house welcomes buyers more than a messy, rushed listing.
With the help of a home inspection, finding problems and fixing them will make your home more attractive. Consider focusing on areas that offer the most return on investment, such as kitchens and bathrooms.
Adjust your pricing strategy
This is often the most important factor when thinking about getting your home back. Work with your agents to analyze recent comparable sales in your area. Be realistic about your home’s value in the current market. Sometimes, slight price reductions can generate new interest and activity.
Enhance list photos and descriptions
First impressions are everything about real estate. Invest in professional photos that highlight the best features of your home. Make potential buyers look at your home clean and professionally and believe they can live there. Update the list description to make it more attractive, focusing on unique selling points and lifestyle benefits.
No one knows your home better than you. Tell potential buyers what’s unique about you. If you have made improvements, be sure to introduce them.
Working with experienced real estate agents
Knowledgeable agents are important to successful relisting. They can help you:
Analyze market trends. Strategize new pricing points. We propose impactful improvements. Create a robust marketing plan. Navigate offers and negotiations.
Are you regaining the right strategy for you?
Relisting your home can be a wise move to meet your sales goals. It is an important decision that must be made strategically. Working with your agent to take a thorough look at your situation, you need to make the right choice. By understanding why your home was not sold previously and implementing a strategic plan, you can spin the buyers again and secure the sale.
Frequently asked questions about getting your home back
How long do I have to wait before relisting my house?
Although no rules are in place, waiting weeks to months generally shifts market conditions slightly and there is time to make the necessary adjustments. Agents can advise on the best timing for your local market.
Will reclaim my house make it seem like something is wrong?
That’s not necessarily the case. Many homes have been relisted. What’s important is the reason for relisting and the aggressive steps you take to address the issue. A fresh perspective and new strategies can overcome past challenges.
Do I need to use the same real estate agent when relisting?
it depends. If you have a good relationship, trust your current agent, and they have a solid plan for a relist, it is beneficial to continue with them. If you feel like you need a new approach, interviewing other agents might be a good idea.
What are the costs associated with the relist?
The cost is similar to the initial list, including agent commissions when the home is sold. You may also be charged for home improvements, staging or professional photography.
