Navigating Expired Listings in Palm Springs: Partnering with OpenAiRE Brokerage and Open Air Homes
In the ever-fluctuating real estate market of Palm Springs, a rising number of property listings are expiring, leaving homeowners questioning their next move. If you’re Googling “my home didn’t sell, what are my options,” you’ve landed in the right place!
This post will guide you through a dual-strategy approach, combining the expertise of Open Air Homes and OpenAiRE Brokerage, to transform your expired listing into a profitable opportunity.
But before we dig into how our two companies are poised to help at this time, if your home is currently listed please do not consider this as a solicitation of that listing.
Understanding the Market Dynamics
The current Palm Springs real estate landscape is marked by high-interest rates and a slowdown in buying activity, particularly for properties intended as short-term rentals (STRs). This trend is leading to an increase in expired listings, creating a challenging environment for homeowners looking to sell.
If you chose to take your home off of the rental market in order to sell, often at the advice of your Real Estate Agent, you are likely feeling the pinch from your home sitting empty, not monetized, while you attempted to sell.
It is understandable that Real Estate Agents prefer a home is fully vacant in order to sell it. Not having to deal with scheduled guests makes their job a bit easier, yet as the out of town homeowner, you likely sat with your home fully vacant for 6+ months, with no buyer in sight.
There has to be a better way, that takes into consideration your desire to monetize your property and have your Real Estate Agent work around the rental schedule to show the home, hold Open Houses, and eventually sell.
Introducing a Dual-Strategy Approach
Our solution? A unique collaboration between Open Air Homes, a luxury property management company, and OpenAiRE Brokerage.
This partnership offers a two-fold strategy: monetizing your property through rentals while continuing to seek a suitable buyer.
Why Choose Open Air Homes and OpenAiRE?
- Expert Sales Strategy with OpenAiRE Brokerage: Specializing in STR sales, OpenAiRE brings a deep understanding of the Palm Springs market. Our sales strategies are crafted to highlight the unique aspects of your vacation home, making it stand out to potential buyers.
- Seamless Property Management by Open Air Homes: Instead of letting your property sit idle, our team ensures it generates income. We handle everything from maintenance to guest services, ensuring your home is not just a listing but a profitable asset.
- Synchronized Showings and Maintenance: We operate in harmony, scheduling showings and open houses around rental bookings. This synchronization ensures maximum profitability without compromising sale efforts.
- Tailored for Tough Markets: In a market where properties take longer to sell, our approach is a game-changer. Your property remains an earning asset while we diligently search for the right buyer.
A Win-Win Scenario
In this collaborative model, homeowners benefit from continuous income through rentals and the potential of a successful sale. Our approach mitigates the anxiety of an unsold property while maximizing its earning potential.
As the homeowner, this approach alleviates the financial stress of a vacant investment property, and oftentimes, a slight refresh through Open Air Homes can begin to garner much higher revenue for you. An increase in nightly rental rate and revenue can then be shared with potential buyers, to further entice them to purchase an already successful short term rental property.
Plus, the Open Air Homes team would keep the home well maintained and spotless for showings and Open Houses, and work directly with the OpenAiRE Brokerage team to manually block of key dates to hold Open Houses, and continue to try to find the right buyer.
Taking the Next Step
If your listing in Palm Springs has expired and you’re seeking innovative solutions, consider partnering with us. Our combined expertise in real estate sales and luxury property management positions us uniquely to address the challenges of today’s market. Reach out to us, and let’s discuss how we can turn your expired listing into a success story, ensuring your property continues to thrive in both the rental and sales markets.
Thank you for considering this opportunity. We look forward to transforming your real estate challenge into a success story, proving that even in tough markets, there are strategies to not just survive, but thrive.