Selling a home is a tough task to do. There might be some unseen challenges or requirement that would delay or even cancel a transaction. And one of the many aspects on which a seller might falter, is with the property listing process. There would be some instances that you would fail, which would prompt you to relist your property once more. However such process is much more daunting than the first one, for you would have to overcome the thought of failing again.
In relevance to this, Aaron Mighty, a real estate broker in central Florida, advised via bankrate that when relisting a home, "the first objective should be to tackle the questions of why the home was removed from the market in the first place. Clearly, in this economy and recovering housing market, it can be one of many reasons, but the best answer is always the truth, no matter what it may be"
This would somehow affirm the suggestion of Paul LeJoy, the founder of Pacific Realty Partners in Newark, Calif. From her perspective, if your property has been off the grid for quite some time, a reevaluation of the previous methods should be done. You should try to ask yourself what went wrong. LeJoy via bankrate detailed that, "Sellers should absolutely consider comments from agents and buyers who saw the listing the first time. How else do you know how to proceed if you don't know what has happened thus far?"
With the retracing process being suggested, a seller or his agent would then know the exact reason why the first attempt failed. In following the process, you may discover that some of the most common issues behind failed listing would be regarding home improvements. As the president of Renovation Realty in San Diego, Cannon Christian has said, "painting, whether interior or exterior, is relatively low-cost and adds a quick revamp to your home. Another way to improve on a small budget is by cleaning up and trimming landscaping, and adding new, affordable plants. You want the best first impression and curb appeal for your property."
There are many reasons why your first attempt of selling your property might have faltered. In order to be more educated and guided about it, you should try consulting a well-experienced property consultant who can be of great aid for you.
