spacer
Posted by
houzehun18

Should I relist now or wait?

Our home was on the market for over 90 days and the listing recently expired. The home did not flood. From the feedback we received the price was great, but it was the location, it was not in a master planned community. With the recent events would it be best relist the home now or wait? Would the number of days discourage buyers from looking at the property?

Post an Answer
Report Abuse:
Click Here
Asked by
Consumer
Status
Open

Should I relist now or wait?

By houzehun18   
Posted on Sep 06, 2017 in Topic: Home Selling
Add to Favorites
 
Our home was on the market for over 90 days and the listing recently expired. The home did not flood. From the feedback we received the price was great, but it was the location, it was not in a master planned community. With the recent events would it be best relist the home now or wait? Would the number of days discourage buyers from looking at the property?
Status: Open
Viewed: 952
Asked by: Consumer
Posted: 3 months ago
Report Abuse: Click Here
Bronze
Ryan Kohn
about 3 months ago
I am personally struggling with the same issue. I listed a few properties this week and am noticing a significant downturn in visibility. All of these listings stayed dry and are priced well. I believe the market will pick back up and possibly return to a strong sellers market within a few weeks. Home owners who were hit with the flood may qualify for special assistance which can increase buyers ability. With folks still trying to clean up and rebuild as well as return to work and kids going back to school I am thinking a week or two. I will be following this thread to see other responses. I would really like to see agents that were practicing during Allison. HAR did just add a criteria for homes that did or did not flood in Harvey, so make sure your realtor applies it if your home made it through ok. Buyers will be looking specifically for dry homes when the market picks back up.


about 3 months ago
Bronze
Joe Brothers
about 3 months ago
Relist now we currently have a temporary housing shortage. Two types of buyers the ones that have to buy and the ones that want to buy. You will have a greater chance of selling in less days for your price. It is all about supply and demand no matter what caused it. Good luck.


about 3 months ago
Bronze
Amanda Crabtree
about 2 months ago
I say relist now! If your first listing expired, the days on market (DOM) won't be seen by house-hunters - it'll appear as a new listing. Also, while there are fewer buyers right now, there are also fewer homes on the market, and since your house stayed high and dry, that's a reassuring selling point. If you got positive feedback on house and price, that's half the battle. Houston is a city of pretty pockets - so just because it didn't sell in 90 days, doesn't mean that was the top reason why. Was it staged to sell? Was it marketed effectively? - If you don't already have a Realtor, I'd appreciate the opportunity to sit down with you. If you're motivated to sell, I'm certain we could get it sold, even with the recent events.


about 2 months ago
Bronze
Michael Buendia
about 2 months ago
Relist now.


about 2 months ago
Diamond
Francois Delille
about 2 months ago
We had about 10 listings after harvey, all got tons of inquiry the week end after Harvey past for both rental and purchase. Rental seems to be in higher demand from the displaced people as people have not fully decided what they want to do (fix their flooded house or move). I expect a good portion of them will not move back into their houses and will want to buy a different house. Hence expect the demand for your house to go up in the coming months.
francois@cozy-homes.com


about 2 months ago
Bronze
Yvonne Chauvin
about 2 months ago
Hi,
I would advise you to wait. How long- that's hard to predict. Few weeks maybe?
While there is indeed a slight shortage of inventory on the market, there is also a decline in home viewings as well. HAR reported a drop of 7% post Harvey. It may not seem like a big number, but it may mean your house won't get any interest for a while and will sit on the market few weeks before you get your first showing, thus losing the "fresh on the market and just listed" appeal.
But in all honesty, It's too soon post-Harvey to know that for sure, and it will take some time for the market to get back to normal.
Still, I would wait.
Hope this helps,

Yvonne Chauvin
Better Homes and Gardens Gary Greene
YvonneChauvin@yvonnechauvin.com
281-686-0143


about 2 months ago
Bronze
Robert Byas
about 1 month ago
if priced right, condition updated and showing great and location desired.. Got to relist today - market is always ready for those properties - but if only have location and condition - still might sit and sit and sit due to price - if you are having to RE-List a property - one of the 3 items was never met - if you can get all them now relist... but if seller dragging feet and not getting condition to others or price near recent sales... is this a waste of your time? some say yes - some say no. The partnership with sellers and agents demands they work together for the highest price and fastest sale for a property on that day in the market. If not relisting now - will the sellers ever be at where they should be? If not - time to say thank you but it is time for you to move on to others. a stale non selling property can eat away at your time and your marketing mindset - don't let it eat away at your soul - just say no and move forward. Good luck!


about 1 month ago
Gold
Dominik Szabo
about 1 month ago
I would recommend putting your home back on the Market. The current economic situation will not last, and it is bet to get money out of your home now.

Call me for a no-cost no obligation Consultation.

Dominik Szabo
Brockway Realty
(832) 844 1724
DominikRealtor.com
The Doctor of Real Estate in Houston Texas
" Professional, Courteous, and Informed "


about 1 month ago
Bronze
Cagdas Acar
about 4 days ago
Like most of the answers, relist now. Additionally price it right with according to the market conditions. Hire a realtor who is expert on pricing. I am Pricing Strategy Advisor and can help you price your home right. Thus your home will sell top dollars in shortest time.

Regards,
Cagdas Acar
Msc. PSA Realtor@
Website: http://cagdasacar.kw.com
Email: acarster@gmail.com
Phone: 832-2831091


about 4 days ago
Bronze
Christopher Dayanand
about 15 hours ago
I am suggesting relist now too. But I would run a new comp. There are some non-flooded areas where the price have gone up and in very rare cases down. A realtor can spot those and recommend.

Chris
Coldwell Bankers
www.ChrisRealEstatePro.com
832.859.8698


about 15 hours ago
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
Advertisement
Advertisement

Find a Pro

Search Real Estate Professionals

Advertisement