Trust you already sold the home, the market has sure picked up.
And yes definitely you can extend month to month.
Meanwhile if you just keep the same course of action, you shouldn't expect different results.
You may need to:
-declutter (get things off the walls, clear out your closets, clear the kitchen countertop, help the home feel spacious) I tell my clients to ask themselves about every single piece of furniture or art "will this help me sell my home?" and if it doesn't, it should go into storage!
-improve the condition of the home
-amend the price
-hold new open house days
-make it easier to be seen (not knowing what you are doing, this could be way off board) but the easiest homes to be seen are going to be seen more -- an agent has buyers who change on them all the time, so when an agent says "lock box, go anytime" the home will be seen the most. Or set hours when it can be seen "no need to call daily 3-7 p.m, just go" and conversations like that will help the home get seen more.
The more the home is seen, the more likely you will receive an offer.
Is extending the listing by a month going to make a difference? Is repeating the same process going to yield different results? In other words, why has your house not sold after six months on the market?
If you do not know the answer to that question, or if you have not honestly asked yourself that question, the problem is not in the length of the listing agreement.
Is your house easy to show? Is it attractiveâ€¦well locatedâ€¦free of clutterâ€¦possess good curb appealâ€¦away from detrimental issues such as freeways, railroads, boiler factoriesâ€¦possess sought after modern features?
Most of all â€“ is it properly priced to reflect all of the above and in line with the current market?
Make sure that you and your agent are on the same page. Have an honest conversation with your agent. Start with, â€œI want you to give me an honest answer to my question: Why has my house not sold?â€ Be prepared to make the change that will get your house sold, change agents or take your house off the market.
As you've already been told by the other excellent agents, provided your agent is in agreement, you can do just about anything with the listing term from 3-6 months to month-to-month.
Before you decide to change your listing term, however, I would strongly suggest sitting down with your agent to discuss marketing plans, the comparables in your area, and the length of time that a home is normally on the market. 6 months does seem like a long time, and--if you are unwilling to adjust the price for the market--then even a 30 day or month-to-month listing agreement is unlikely to yield positive results for you. After all, in selling a home, price trumps all other issues that may trouble or delay buyers from making a decision to purchase the home.
Also, unless you've decided against selling the home, finding and placing a renter into the home is likely to create further complications that will only inhibit your ability to sell the home. Once entrenched in the home, tenants are seldom as cooperative about showings or making a home available for viewing as they promise at the start of the lease. And, I've personally experienced showings where tenants work hard to discourage a sale to prevent having to leave the home within a 30-60 day window. So give renting very serious consideration before consenting or allowing a renter to take possession of your home if you wish to keep trying to sell.
Area Pro Realty
I'd recommend you meet with your Realtor, discuss why the listing has not sold, and then, based on the conversation, make a decision about how to proceed. You need to determine WHY your listing has not sold and make adjustments BEFORE you extend the listing. Simply extending a listing without changes may not be the smartest way to proceed.
It's never pleasant, for either the seller or the listing agent, when a house does not sell after an extended listing period. If you have not had an offer at or near the listing price in six months, it is almost certainly an indication that the house will not sell at that price.
If that is the price at which you feel you would need to sell and renting is an option for you, then one quick way to ballpark rents is through Craig's List. See what similar homes in your neighborhood are renting for, keeping in mind that a rent that is given on CL is the rent the landlord is asking for and not necessarily the sum that will be the agreed-upon rent.
If the market rent is acceptable to you, while the market value (for purposes of selling) is not, then renting may be your best option but do discuss the situation with your tax advisor before coming to a decision.
Pacific Century Realty
Listing Comissions as Low as 1%
Buyer Rebates to 50%
Yes, you can extend your listing for any length of time you and your agent agree on.
Average Days on Market in Willow Glen has been right around 90 days for the last 6 months; thatâ€™s higher than they were last year. At 6 months your home has been on the market twice as long as average. There are many reasons homes donâ€™t sell, but Ron is right, itâ€™s usually price. Prices in Willow Glen have been pretty volatile â€“ currently the median price is $675,000.
Rents in Willow Glen are good â€“ you can probably expect to get about $1900-$2300 for a 3-bedroom home, about $2000-$2500 for a 4-bedroom home (I havenâ€™t seen your home so I donâ€™t know how it compares to other rentals in the area)
Barbara Hunt, Realtor
It is a nice home, TJ Marting Ranch homes are well built.........and you have already reduced the price.....ask your agent to do the COMPS once again for todays market and see where you stand. Renting it out is an Option, as lots of folks who are loosing their home are needing a rental place to move into.......What was your initial need/motive to Sell? Do you have to do so right now?? Discuss with your Realtor quite frankly what your options are and take it from there........the market is quite wierd right now.....I have a Condo Listing in Cupertino in a complex where just 4 months ago i sold another one Pre-Market with 2 Offers! and the one i have right now is in a better condition is sitting.......this is supposed to be the right time to Sell./Buy.....things are just the way they are, folks are more careful about making a move!
Wishing you the Best, always,
Are you considering renting out the house you own or selling and renting yourself? Rentals are in demand as so many people have been displaced due to the real estate market. You may find that credit scores of the potential renters may not be as desirable. A good property manager can assist you in making a decision on this.
All the best to you.
That is a question that cannot be accurately answered in this kind of forum. You need to look at why you are selling, how you have it priced, and what you plan to do after you sell the home. Consult with your trusted tax advisor to see if owning a rental would be beneficial, and how that would fit into your long-term strategies. Homes are selling in WG under $1m. Pricing home is key.
Good luck to you. Let me know if you need any referrals for tax consultants, etc.
Alain Pinel Realtors
If you've had it on the Market for six months, why hasn't it sold?
The "Time on Market" varies a lot around California; probably averaging 90 days.
Willow Glen is a nice area: Without knowing more details, I would guess that the Listing price is too high. That is true in about 98% of the cases. Sorry, but that's the truth.