What if my property doesn't sell after 6 months?

If your home doesn't sell after the listing period ends, you can extend your listing for (65% off) or have a new listing (with “zero days of the market”) for 50% off. Our sales statistics indicate 120 days on the market is the average for our sellers.

Option #1
Extend the Listing Date: This type of extension involves adjusting the expiration date within the original listing in the MLS. The price to renew by this method is 65% off of the original listing price. The dis-ADDvantage of this type of renewal is that the listing in the MLS would reflect a high DOM (Days on Market). DOM is the number of days that your listing has been on the MLS system and this number is viewable by Realtors® in the listing.* In other words, if your listing was already on the market for the full listing period, your DOM would start very high and go higher. This may be viewed by Realtors® negatively and may not be to your ADDvantage.
*This number is NOT reflected our site, Realtor.com or Homes.com.

Option #2 (recommended by ADDvantage)
Let Listing Expire and Re-enter Listing: This renewal is essentially a brand new listing. We will renter the listing in the MLS which will create a new MLS number and start the listing at “0” (Zero) DOM (days on market). The cost for this type of renewal is 50% off of the current program price. This is the recommended method of renewal. Many Realtors® have notifications set up for the MLS to inform them of the NEW listings. This brings your listing in front of them as a fresh listing.

Note: It may also be recommended to institute a new price on the listing at the time of renewal. If you need advice on this topic, feel free to contact ADDvantage. You may also want to consider ordering a CMA for $50 in the “Add Accessories” section of MY ACCOUNT as this will give you an idea of what other properties like yours are selling for in the current market.