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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?

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Should I relist now or wait?

By houzehun18   
Posted on Sep 06, 2017 in Topic: Home Selling
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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: 497
Asked by: Consumer
Posted: 2 weeks ago
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Bronze
Ryan Kohn
about 2 weeks 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 2 weeks ago
Bronze
Joe Brothers
about 2 weeks 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 2 weeks ago
Bronze
Amanda Crabtree
about 1 week 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 1 week ago
Bronze
Michael Buendia
about 1 week ago
Relist now.


about 1 week ago
Diamond
Francois Delille
about 5 days 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 5 days ago
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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