So Many Expireds!

With so many homes that are not priced correctly for this market, I am seeing more and more listings expire on the Outer Banks. If you are searching for a home, it is a great idea to have your REALTOR® check expired listings too because there may be the perfect gem of a home waiting to be re-discovered.

Most likely the listing expired for one of three reasons:
1: it was not priced properly
2: it was not marketed to the right target audience of potential buyers
3: it had a negative first impression.

Just because a home expired and the sellers did not re-list the property, it doesn't necessarily mean they no longer want to sell the property. You should be asking your REALTOR® to keep you updated on these properties and if you find one of interest, your agent can be in touch directly with the sellers to help you negotiate a deal.

It is important to work with a REALTOR® on negotiations because most sellers trying to sell a home themselves have their home overpriced as they have not done the proper research to know what their comps are. If a seller is not willing to negotiate and your REALTOR® can show you comps emphasizing that the property is overpriced, it is better to leave that home off the market and move on with your search. This is such a great buyer's market because the majority of sellers are negotiable and there is a ton of inventory so you can pretty much find exactly what you are looking for...just don't forget to check the expireds!