With the inventory of homes for sale so high the amount of expiring listings is staggering. Is this a good time to work this group to relist or do you think the less homes on the market the better????
It seems like expired listings may be a wonderful way to increase listing inventory but this group will be expecting more from a new listing agent than their last one. If you are listing more expireds are you getting sellers to lower prices from the former list price??? Last night on 20/20 they had a great segment about sellers "getting realistic" about why their home is not selling. The expert was telling them that yesterday's prices are gone and if they wanted to sell in todays market they had to "get real"!!! She also told them other than their price being too high, to "fire" their current real estate agent if all he did was place their home in the MLS.
Are you all working with the expired group of sellers and what are you telling this frustrated group upon listing with you? Are these sellers looking at the new agent with realistic expectations?. I am hoping that working with expired listings that I now have sellers that are willing to do what needs to be done to get their home sold, that means painting weathered siding, or keeping the yard manicured and lowering the price to compete with their competition.