Why Do 40 Percent of Stockton Real Estate Listings Expire?

August 8, 2016

Why Houses Don’t Sell

We Buy Houses Stockton — When You Think About it, 40 out of 100 listings are not sold in Stockton. We will buy your house for cash.

In this article we are going to discuss the reasons why houses in Stockton don’t sell and why Real Estate Listings Expire. Believe it or not selling a house has more to do with the honesty of the professionals that you hire than you. If most real estate agents were just honest with their clients about the house selling basics, houses values and current state of the housing market this wouldn’t happen.

When we make the decision to sell our homes, we all want to sell for top dollar and if we look at the sales data of similar homes within the past 90 days, within a 1/4 mile radius of our house that are in the same condition you can get a pretty good idea of house value. But as long as real estate agents continue to gloss over the realities of the condition and location of your house and simply buy listings hoping another agent will sell the house, the trend will continue.

So here are the facts. Over 40% of all real estate listings by real estate agents do not sell within their initial listing period of on average 180 days. Its a number that no one wants to talk about and it will never be mentioned by a realtor when they discuss what they can to to sell your house.

At the end of the day it doesn’t matter because chances are if you are a homeowner that needs to sell a house and listed with a real estate agent your house will sit for an extended period of time and eventually expire.

Why Do 40 Percent of Stockton Real Estate Listings Expire?

Pricing of the House (too high)
Inexperienced Agent
Weak Agent (not honest with their clients)
Condition of the house
Targeting the wrong buyer
Marketing
Staging
Difficult or Inconvenient to Show

So if Expired Listings soar above 40 Percent in Stockton, Manteca, Modesto and Sacramento what does that really mean for house sellers in Stockton?

It means that the homeowner needs to be diligent and know the market. It means that the seller needs to be realistic and not just offer the listing to the real estate agent that recommends the highest price. In fact, it means that the seller may not want to list the house with a real estate agent at all.

Sellers need to look at the big picture and determine how much that they are going to receive from the sale of the house after all of the expenses are tallied. Those expenses include Holding Cost, Commissions paid to real estate agents, Closing cost and repair and maintenance cost for the entire time that the house remained unsold.

We buy Houses Sacramento — We are cash Home Buyers in Stockton and we Pay cash. If your house didn’t sell call us at (209)481-7780

My name is Peter Westbrook and I am a local Cash Home Buyer and owner of Westbrook REI. Unfortunately, I am very familiar with expired listings and the holding cost that homeowners accumulate and endure while their houses linger without so much as an offer on the Sacramento real estate market. The dirty little secret that 40% of all homes listed by real estate agents go unsold is kept safe by the industry, but you do not need to become a victim.

I can’t tell you the number of times that a homeowner have said to me that they wished that they knew I was an option before they signed a long listing agreement that cost them thousands of dollars. All too often that is the case, as real estate agents don’t fully explain the process of selling a house and what can go wrong or the risks associated with the house not selling or even what the chances are that the house will end up an expired listing.

Many real estate agents will promise what cannot be delivered by claiming to be able to sell the house for a higher price than they know is possible and then scramble days before the listing expires hoping to make a fast sale. It does not work.

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.

If you need to sell your house fast in Sacramento, Stockton, Manteca or Modesto, CA. you can bypass the Multiple Listing Service roulette wheel by targeting the right buyer for your house to begin with. We Buy Houses in Stockton and we pay cash. Call me at (209)481-7780 or visit my website at http://www.IBuyHousesStockton.com and fill out the short form to see what we will pay for your house.

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.

Why Houses Don’t Sell

Why Do 40 Percent of Stockton Real Estate Listings Expire?

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