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Homeworks (Dereham) Ltd
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Tel: 01362 654 444 | Email: [email protected] | Social:
Welcome To Homeworks Dereham, Norfolk's Premier Estate Agents
Our record of success has been built upon a single-minded desire to provide our clients, with a top class personal service delivered by highly motivated and trained staff. A sign of this success is the fact that a large proportion of our business is from referrals, satisfied clients who have recommended us to friends and family. So, if you want professional help and advice on all aspects of moving home please contact us on (01362) 654444 or call into our office.
Our Featured Property Of The Week
We HIGHLY recommend you are quick to arrange your viewing on this wonderful opportunity. Not only is there a LARGE FOUR BEDROOM HOUSE with a DETACHED DOUBLE GARAGE and ENCLOSED REAR GARDEN to offer, but also a TWO DOUBLE BEDROOM ANNEXE. The Annexe comprises of its own Entrance Hall, Kitchen/Breakfast Room, Sitting Room & CONSERVATORY, Two DOUBLE Bedrooms & Family Bathroom. Situated in a SOUGHT AFTER LOCATION, close to Town and the many amenities on offer, this is sure to be a popular choice, so call today to secure your appointment. LARGE SIX BEDROOM DETACHED HOUSE IMMACULATELY PRESENTED LARGE TWO DOUBLE BEDROOM ANNEXE 21'9 RE-FITTED KITCHEN/DINING ROOM 23'3 LOUNGE & 13'9 CONSERVATORY STUDY & DOWNSTAIRS CLOAKROOM MASTER BEDROOM WITH EN-SUITE SHOWER ROOM FAMILY BATHROOM OFF LANDING GENEROUS REAR GARDEN, DETACHED DOUBLE GARAGE & DRIVEWAY PARKING ** GUIDE PRICE £575,000 - £595,000 **
Buying Or Selling? When It Comes To Property We're Your First Stop
Are you thinking of selling your property?
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Expired Home Listings: What Sellers Should Know About the Ticking Clock on Their Agent Contract
Home sellers whose listings have lingered on the market will want to know that, much like a carton of milk, a listing can expire. So what does an expired listing mean for a home seller?
In a nutshell, it means that the contract you have with your listing agent includes an expiration date, which is typically three to six months from the day you signed on the dotted line.
Once this agreement expires, your real estate agent no longer represents you. It also means your listing will officially no longer be for sale, as it will be removed from platforms like Realtor.com® . It will also be removed from the multiple listing service, also called the MLS .
Yet even if the contract has expired, there might be a clause defining a “ commission protection period ” during which the real estate agent will still receive a commission in the event of a sale—so make sure you check to see if that applies in your situation before moving forward.
Here’s more on what happens once a listing agreement expires, and what options sellers have moving forward.
What happens when a real estate agreement expires?
Once the real estate agreement has expired, you’ll need to make some tough decisions: Would you like to remove your house from the market or continue pursuing a sale?
If you choose to keep it on the market, the property will have to be listed again, creating a new listing on the MLS.
Another question you’ll want to answer is whether you want to stick with your current agent or look for a new one. To help suss that out, have a frank discussion with your agent about why your home hasn’t sold. What do they think went wrong? What could be done differently next time?
Explain what your expectations are, and hear the agent out.
If the agent doesn’t offer any new recommendations, like making improvements to enhance your home’s appeal to buyers, it might be time to explore other options.
As the saying goes, “Nothing changes if nothing changes.”
(Getty Images)
If you decide to find a new agent, do your homework
The moment your real estate contract expires, other agents can officially contact you. Agents might call, email, mail flyers, or even ring your doorbell to offer their services.
Make sure to interview at least a few agents and ask them questions. Explain the history of the home, what happened to cause it to expire, and how you feel about the experience.
Look for an agent who is empathetic and hears where you are coming from—and make sure they have a recent track record of getting homes sold within their target time frame.
Whether you decide to continue working with your current agent or find a new one, it’s crucial to find out what the agent’s plan is. Listen to the pro’s intel, expertise, and strategy to sell your specific property.
Here are some questions to ask:
- How will they price the home?
- How do they plan to stage or prep the home for showings?
- How will they drive more engagement to your listing through targeted ads or social media?
You want someone who is armed to the teeth with the latest and greatest in marketing your home to get homebuyers excited about making an offer.
That’s the best way to get your home seen and sold, so you’ll have no expiration worries in the future.
Julie Taylor is a reporter for Realtor.com. She was most recently a writer and co-executive producer on “The Talk” where she won two Daytime Emmy Awards. A member of the Writers Guild of America, Julie has written for Cosmopolitan, Glamour, and Redbook magazines and is the author of six books. Julie earned a B.A. in magazine journalism from the University of Central Oklahoma. After two decades in New York City and Los Angeles, she recently relocated to the Midwest.
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