Expired Listings Top 40 Percent in Stockton

August 10, 2016

It’s a Black Eye But 40 Percent of Real Estate Listings Expire in Stockton?

We Buy Houses Sacramento including Expired Listings — Over 40% of all homes listed by real estate agents in Sacramento do NOT Sell. Call us at (209)481-7780

The biggest fear of any homeowner in Stockton wanting to sell their house should be hiring the right people. I think that all of the marketing by the National Association of Realtors has paid off because most homeowners select the very first Real Estate Agent that they talk to and that could be a costly mistake.

I find it hard to believe that its true, but it is. Can you imagine selecting a Doctor that way?

Let me explain it another way and see if this makes any sense. Over 40% of all Real Estate Listings in Stockton (that is houses for sale) do NOT SELL within their initial listing contract period. They are known as expired listings. We all hear about the houses that sell within a week, for asking price or above… but is that the rule or the exception?

These expired listings become buried and isolated in a vast MLS graveyard never to be spoken of again. In the Stockton real estate market out of every 1000 homes that sold, 400 did not sell.

Worse yet the homeowner, following the advice of that real estate agent is faced with shouldering the ongoing holding cost and the cost of any repairs and updates made in preparation for the sale.

What is an expired Listing?

Simply stated an expired Listing is a home of a seller that did not sell within the contractual time frame as outlined by the Real Estate Listing Agreement. The average length of a real estate listing agreement is 6 months or 180 days.

In researching this article I was a little surprised at how difficult it was to pinpoint the number of listings that expire every month within the Greater Stockton and Sacramento Markets.

A bigger surprise is that no one is talking about the number thereby relegating it to a footnote rather than talked about as a real problem for the real estate industry as a whole. When you think number of homes that don’t sell annually, you would think that the National Association of Realtors would acknowledge the huge failure that the 40% Expired listings represents.

Think about it for a moment, if 40% of houses that are listed, expire from the multiple listing service before they are sold, it means that a lot of real estate agents (essentially sales people) are not very good at what they do and yet we never hear about it.

Prior to listing and advertising a house, every good real estate agent that I know sits down with a potential client and performs a comparative market analysis to determine a pricing strategy and a marketing plan to sell a house. Together the agent and the homeowner talk about their motivations, time frames needs and of course the most realistic outcome for their efforts. One thing is for certain, they do not talk about what happens if the house does not sell or of the possibility that their house will become part of the vast expired listings that sit on multiple listings services across the State of California.

Homeowners that need to sell their houses fast have never heard of this alarming statistic and another statistic is that 95% of all sellers list with the very first agent that they talk to. It is perhaps the single biggest mistake homeowners wanting to sell a house fast make. Maybe the thought is… the faster to market faster to sell?

Whatever the motivation, if sellers want to maximize their sales price they need to take their time and interview at least three real estate agents, three Stockton Cash Home Buyers or Real Estate Investors and also consider to pay for appraiser so they can determine the true value of their house as it is today.

My name is Peter Westbrook and I am a real estate investor in Stockton, Manteca, Modesto and Sacramento. We are Home Buyers and when I receive calls from angry homeowners that want or need to sell their houses I understand their frustration.

Expired Listings Are Resolved with the Sale of the House

At “Westbrook REI” and “We Buy Houses Stockton”, we are the best at what we do because we work at it every day. We understand that a commitment to customer and a commitment to our business only happens with hard work. We have years of experience and a plan that we follow. We are a real company with real people that are committed to helping you achieve your goals.

Again, we’re not real estate agents. We are actually Stockton house buyers and have our own cash… so we can make you an offer quickly. Once we make you an offer, you can take that offer, shop it around if you want, talk it over with friends and family, and think about what you want. We won’t pressure you one bit.

If you want the best LOCAL We Buy Houses Company in Stockton, Sacramento, Manteca and Modesto then give our company a call today, we offer simple solutions to complex selling issues. Our house buying process is very easy with no hassle and we can close on YOUR time.

We Buy Houses Stockton CA, Get Your Offer at https://www.ibuyhousesstockton.com or call Peter Westbrook today at (209) 481-7780.

For real estate Case Studies follow Link http://www.westbrookrei.com/who-will-buy-my-house-in-stockton/

We Buy Houses Stockton, The Man Behind the Sign

I Buy Houses Stockton Introduction (209) 481-7780 We buy Houses Stockton

My name is Peter Westbrook and I am a local real estate investor and the owner of We Buy Houses Stockton and Westbrook Real Estate Investments in Stockton, California. I am NOT a Real Estate Agent or Broker and for good reason. I purchase real estate and I am NOT going to ask you to pay a commission or a fee.…I pay CASH and because I do, I can close on the day that I tell you.

For those of you that already know me or have already called me you can attest that I answer my own phone and I return all phone calls. When you call me at 209-481-7780 you are calling me on the same number that my mother and my closest friends call me at.

Get Your Fair Cash Offer: Start Below!

We WILL BUY YOUR HOUSE in ANY CONDITION! We pay CASH and you will NOT pay any commissions or fees. Fill in your information below and get an all CASH offer for your House Fast!

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What Customers Say

The City of Stockton was getting ready to tear down my old house. I was no longer able to maintain the Stockton House and after years of trying to keep up with code violations, needed repairs and vandalism, I finally called Peter

Westbrook. He came right out and told me what he could do. He contacted the city and county and even cleaned up the property before he bought it. He paid the back taxes for me and gave me an advance on the purchase of the house. Without his help I would have lost everything. I called real estate agents and other investors but no one wanted to help and no one offered to pay as much as Peter Westbrook. He completely remodeled the house and I smile every time I go by. Thank you Peter.

Leonard S

We inherited our parents house with one of our brothers living there . The property taxes had not been paid and it was in Tax default. We called Peter Westbrook and he found that the title was still in our parents name, so the Stockton House never went through probate. Peter also found that there was an old auto loan that had a lien on the

title and an old bankruptcy ruling to take care of that lien had never been filed with the courts. Peter handled everything including paying the back taxes, paying for the hiring a Probate Attorney and filing the probate and paying for and hiring a Bankruptcy Attorney to finalize the removal of the lien. He was patient, understanding and he took care of everything including evicting the tenants that were living in the house. We talked to real estate agents and other I buy house people. None of them had the answers for our situation. Without peter we would have lost everything. We got paid cash.

Steve H

We inherited my parents Stockton house with a mortgage. We decided to rent it out. The tenants destroyed the house. I didn’t know what to do, I didn’t have the money to fix it and the city had already issued code violations.. I called an “I Buy Houses Stockton Sign” on a telephone pole and Peter Westbrook answered. In 4 days he paid the bank and bought my house. We would have lost everything if it weren’t for Peter Westbrook.

Mike B

I inherited my mothers house with a mortgage. When my husband and I lost our jobs, we got behind in payments. Then the Bank posted a default with a auction date we didn’t know what to do.

We didn’t have the $15,000.00 and we only had two weeks to do something. We called Peter Westbrook and form the beginning he was confident he could stop the bank. Within 4 days he bought the house with cash, paid off the bank and stopped the Foreclosure. Without Peter we would have lost everything.

Brenda T

I saw a sign on a telephone pole and against my better judgement I called. The last thing I expected was a person answering the phone. I was surprised, Peter Westbrook answered the phone. I had a lot of questions and Peter had the right answers. My mother needed to get as much as possible out of the house and we had talked to several real estate agents and they all wanted to sell it cheap and wanted a 6% commission. They all told us unless we put thousands of dollars into it could not be sold for what we wanted. Not Peter. He made a fair cash offer and since then we have sold him another house. Peter and the title company handled everything. I couldn’t be happier and I would recommend Peter Westbrook to anyone.

Cathy W

I needed to sell my Stockton House. I called a phone number I saw on a sign and talked to Peter Westbrook. The City of Stockton said that they were going to take away my vacant Stockton house, knock it down and send me the

bill to do it. I did everything that I could to try to make them happy. A neighbor offered to buy the house and then Peter offered me twice as much. He did everything he said he would do and I just had to go to the Title Company and sign the papers. He did all of the work and now the City of Stockton is his problem. Thank you Peter.

Ann C

I inherited my Fathers Stockton house. The front porch was falling in, the walls had holes from being vacant and vandalized. The City of Stockton fined us, red tagged the property and forced us to put on a new roof so we had to get loans and we still couldn’t rent it out.

I called one of those “I Buy Houses” signs and Peter Westbrook came out and made a cash offer. The House closed escrow and we got our money for a house we though was worthless. Thanks Peter!”

Broderick R.

“Our Grandfather passed away and my brother, sister and I inherited his Stockton house. He was a junkman and hoarder. He was also 90 years old and had not made a repair to the house in years. He had garage sales almost every day. The house and the yard were full of junk. We tried to get everything out so we could just see the house. We had family and friends come over on the weekends but the cost and effort was consuming all of our time.The house was a mess.

I called Peter Westbrook and he made us a cash offer for the house and he said he would take care of all of the clean up. Thank God I called. The City had issued code violations and fines on the property and even before we closed escrow Peter and his crew had the house and yard cleaned (4 large Dumpsters later) . I recommend Peter Westbrook to anyone that has a problem house. They were fast and professional”

Connie J.

“I had tried to sell my Mothers Stockton house for two years. Realtor’s told me to tear it down. I didn’t have the money for that and my Brother and his family were living there. Peter Westbrook made me a cash offer and closed escrow with my brother still in the house. Peter Westbrook is my savior. I don’t have to worry about the house any more. If you have a Stockton house that has become a burden and you don’t have the money to fix it to sell it, call Peter Westbrook.”

Rosemary R.

It’s a Black Eye But 40 Percent of Real Estate Listings Expire in Stockton?

What is an expired Listing?

Expired Listings Are Resolved with the Sale of the House

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