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Real Estate - Home » FAQs » Expired

Expired

January 26, 2023 By Libby Guthrie Leave a Comment

A

Expired

Posted by Libby Guthrie
Expired
Expired

What is an expired listing?

A real estate listing that has expired and is no longer active, usually because it didn’t sell in the amount of time agreed upon by the listing agent and the owner of the home.

Other reasons for a listing to expire are the asking price was not met, or there were other issues with the property.

If you see an Expired listing, the owner may still be interested in selling. Ask your agent about it.

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guthriegrouphomes

Libby Guthrie, Realtor
@ Keller Williams 865-966-5005
🏡 Helping You Make the Move to Knoxville
📱 Cell: 865-364-0200
🏡 Good People, Great Homes!

𝗥𝗮𝘁𝗲𝘀 𝗔𝗿𝗲𝗻'𝘁 𝘁𝗵𝗲 𝗪𝗵𝗼𝗹𝗲 𝗦𝘁𝗼𝗿𝘆 ⁣ ⁣ Mid-year rate upd 𝗥𝗮𝘁𝗲𝘀 𝗔𝗿𝗲𝗻'𝘁 𝘁𝗵𝗲 𝗪𝗵𝗼𝗹𝗲 𝗦𝘁𝗼𝗿𝘆 ⁣
⁣
Mid-year rate update: the average 30-year fixed mortgage rate is 6.55% this week. That's up slightly from 6.49% last week, but down from 6.75% a year ago.⁣
⁣
This isn't a dramatic drop -  and it doesn't need to be one to matter. A steadier rate environment makes it easier to plan around the payment, compare homes thoughtfully, and make a decision based on your real timeline instead of a guess about next week's headlines.⁣
⁣
The useful question isn't whether rates are perfect. It's whether today's numbers make sense for your budget, your move, and the home you want.⁣
⁣
Link in bio ⁣
⁣
#MortgageRates #HomeBuying #HousingMarket #RealEstateTips⁣
⁣
Libby Guthrie, REALTOR® 🏡 | Cell: 865-364-0200 | GGHKnoxville.com ⁣
Keller Williams 865-966-5005 | Libby@GuthrieGroupHomes.com⁣
Knoxville, Tennessee
𝗡𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗶𝗼𝗻 𝗜𝘀 𝗕𝗮𝗰𝗸 ⁣ ⁣ Here's a shift worth notic 𝗡𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗶𝗼𝗻 𝗜𝘀 𝗕𝗮𝗰𝗸 ⁣
⁣
Here's a shift worth noticing if you're buying: negotiation is a normal part of the process again.⁣
⁣
Nearly half of sellers -  46% in May -  gave buyers some form of concession, a record for that month. Price reductions are far more common than they were during the frenzy.⁣
⁣
For buyers, that's not a warning sign. A reduced price is often an invitation to look closer, not a reason to stay away. Inspections, repairs, closing costs, timing -  these are conversations again, not sacrifices you make to win a bidding war.⁣
⁣
One honest caveat: more negotiation doesn't mean buyers control every market. A well-priced home in a tight area can still move fast. But the list price is no longer the whole conversation.⁣
⁣
Link in bio ⁣
⁣
#HomeBuying #RealEstateTips #BuyersMarket #RealEstateAdvice #HousingMarket⁣
⁣
Libby Guthrie, REALTOR® 🏡 | Cell: 865-364-0200 | GGHKnoxville.com ⁣
Keller Williams 865-966-5005 | Libby@GuthrieGroupHomes.com⁣
Knoxville, Tennessee
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[one-third-first]
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Office: (925) 628-2436

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[/one-third-first][one-third]Hours
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