How to Find Expired Listings Updated for 2025
How to use MLS and public data to revive expired listings this year.
Austin Beverigde
Tennessee
, Goliath Teammate
Finding expired listings can be a game changer for buyers and real estate agents alike. If you've been struggling to locate these hidden gems, you're not alone. Many people miss out on great opportunities simply because they don't know where to look or how to approach the process. This guide will walk you through the steps to effectively find expired listings in 2025.
Quick Answer
To find expired listings in 2025, start by accessing your local Multiple Listing Service (MLS) and filter for expired listings. You can also use online real estate platforms that allow you to search for listings by status. Networking with real estate agents and attending local auctions can also yield valuable leads on expired properties.
Understanding Expired Listings
Expired listings are properties that were listed for sale but did not sell within the listing period. These can be excellent opportunities for buyers and agents because the sellers may still be motivated to sell.
Steps to Find Expired Listings
1. Access Your Local MLS
The most reliable way to find expired listings is through your local Multiple Listing Service (MLS). Here’s how:
Log in to your MLS account.
Use the search function to filter by listing status and select "Expired".
Adjust the date range to see recent expired listings.
2. Utilize Online Real Estate Platforms
Many online platforms provide access to expired listings. Here’s what to do:
Search for real estate websites that have a filter for expired listings.
Set up alerts for new expired listings in your desired area.
3. Network with Real Estate Agents
Building relationships with local real estate agents can give you insider knowledge about expired listings:
Attend local real estate meetups or networking events.
Ask agents if they have any expired listings they can share.
4. Attend Local Auctions
Sometimes expired listings may end up at auctions. Here’s how to find them:
Check local auction websites for upcoming property auctions.
Visit the auctions to gather information about properties that didn’t sell.
Costs Involved
Finding expired listings typically does not incur direct costs, especially if you use free resources like the MLS or online platforms. However, if you choose to hire a real estate agent or pay for premium listings, costs can vary significantly.
Realistic Examples
Imagine you are a buyer looking for a home in a competitive market. By accessing the MLS, you find an expired listing that had previously been priced too high. After negotiating with the seller, who is eager to sell, you secure the property at a favorable price. Alternatively, as an agent, you may find an expired listing that you can market differently, leading to a successful sale.
Checklist for Finding Expired Listings
Access your local MLS and filter for expired listings.
Set up alerts on online real estate platforms.
Network with local real estate agents.
Attend local property auctions.
Keep track of expired listings and follow up with sellers.
Common Mistakes to Avoid
When searching for expired listings, be mindful of these common pitfalls:
Not checking the MLS regularly, which can lead to missed opportunities.
Ignoring the importance of networking; many listings are shared through word of mouth.
Failing to follow up with sellers, which can result in lost deals.
FAQs
What are expired listings?
Expired listings are properties that were listed for sale but did not sell within the specified listing period. Sellers may still be interested in selling, making these listings valuable opportunities.
How can I access expired listings?
You can access expired listings by logging into your local MLS, using online real estate platforms, networking with agents, or attending property auctions.
Are expired listings a good investment?
Yes, expired listings can be a good investment as sellers may be more willing to negotiate on price and terms, especially if their property has been on the market for a while.
How often do listings expire?
The frequency of expired listings varies by market conditions, but in competitive areas, it’s common to see listings expire due to overpricing or lack of marketing.
What should I do if I find an expired listing?
If you find an expired listing, reach out to the seller or their agent to express your interest. Be prepared to discuss potential offers and how you can help them sell their property.
