How Soon Should A Home Go Back On the Market After Failed Offer?

By
Real Estate Agent with Keller Williams Realty

How Soon Should A Home Go Back On the Market After Failed Offer? As soon as all parties have released the failed sale! No matter what. Recently we had what looked like a very good, full price cash offer. All parties excited and sellers started packing and "unstaging" their well presented home.

Then the disgusting news that the buyer used the inspection to find something wrong and backed out. To complicate things the seller had to take a trip out of the country (Asia) leaving the house in an uproar of boxes and, well, the house wasn't really showable.

Through the magic of the internet, release docs were signed and the owners reluctantly agreed (they were embarrassed because of the current condition) to put it back on the market.  We did that, knowing the condition was much less than any of us wanted it to be. But I told them I knew that there had to be a buyer who needed a house and their home was an  excellent choice for any qualified buyer. 

Showing condition had added a layer of excellence to an already excellent property. Within 24 hours of putting it back on the market, another agent called.  She had someone that had already bid on 3 other properties and had lost out all 3 times.  The condition was explained to forwarn the buyer and agent that the property was in less than perfect showing condition.  

Turns out, the second buyers loved it, came back for a second look next morning and wrote a new offer. Sellers still out of town, in Asia, but again, a quick acceptance and the buyers by now had traveled from Michigan to their home in a southern state, but the bottom line happened by noon on Monday. Quick inspections, quick move, quick close.

Who needs to go to an amusement park for a roller coaster ride?!

Posted by

Bill Park, Associate Broker

Keller Williams Realty

Livingston County's Home Seller

810.534.2005

billpark@kw.com

Comments (2)

Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Great job -- that worked out perfectly for the sellers, the buyers, and the agent!  :-)  

Jun 17, 2014 10:09 PM
Suzanne Otto
Six Twenty Designs - Lansdale, PA
Your Montgomery County PA home stager

I always tell my clients to leave everything as is until after home inspections. Like you discovered, you never know what will happen!

Jun 17, 2014 10:13 PM