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13 Reasons A House Is Off The Market

Reasons why homes come off the market

 

When we search the MLS and see that a property is no longer on the market...we may wonder why.

 

-Maybe they've changed their minds. Yep, it happens.

-The seller falls back in love with the home and realizes it is not the time to let it go.

-The seller has decided that they would like to keep it in the family...stay longer, rent it, but allow the kids/grandkids to inherit.

-Maybe they are taking an extended vacation.

-Maybe there are personal health or family situations.

-Maybe because it did not sell, and they want to try a new real estate agent.

-Maybe they made some changes to age in place.

-Maybe they need a break from keeping the house in pristine condition 24/7.

-Maybe they feel the season has passed. With an in-ground pool, extensive flowering landscape, tennis court etc...they want to wait till the spring.

-Maybe one owner has bought the other one out.

-Maybe they are not ready to adjust the price to meet the market demands.

-Maybe they were talked into a reverse mortgage.

-Maybe there is a concern with the property, needing a roof, septic, well, or some other major repair.

There are many reasons why a property goes off the market.

Bet you can add a few more.

 

Margaret Rome

 

 

 

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Comment balloon 49 commentsMargaret Rome, Baltimore Maryland • October 20 2019 03:33PM

Comments

If they don't get the price the want, they will rent it out, wait for a better market.

Posted by Hella M. Rothwell, Broker/Realtor®, Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea 4 months ago

Hella M. Rothwell, Broker/Realtor® Reason #14...thanks!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Sellers change their minds for many reasons.  Great blog, Margaret Rome, Baltimore Maryland !!

 

Posted by Lynnea Miller, Premier Real Estate Service in Central Oregon (Bend Premier Real Estate) 4 months ago

Lynnea Miller Yes they do.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Morning Margaret.

Around my area with the market being what it is, people are unrealistic in the price they want.  

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) 4 months ago

Maybe its to early for my brain to think of other ways homes fall off the market but you have listed the ones that do pop into my head. Thanks for sharing, now I need more coffee.....

Posted by Bob Ratliff, "Sold with Bob" (Robert Ratliff Realty) 4 months ago

Good morning, Margaret Rome, Baltimore Maryland there are many reasons for a withdrawn listing from MLS.... for us, there are not many, but when we have one, it's usually because the seller would not follow out initial direction of providing an important upgrade.... not long after exposing it to buyers, the seller believes us and we withdraw it to allow the upgrade to happen....and BINGO it's sold.

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) 4 months ago

Good morning Margaret. Sometimes there is no real reason except fear of change! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 4 months ago

James Dray Yep that happens.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Bob Ratliff Enjoy your coffee.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Barbara Todaro Good reason...getting a needed upgrade performed.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Wayne Martin Fear of change...aka seller remorse!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Typically in my area its either priced to high and/or condition of home.  And as you said, could be many other reasons as well.  Another one - they didn't 'click with the agent trying to sell or they barely heard from agent again?  I've heard that  over the years.

 

                                                Featured in BananaTude!

 

Posted by Anna Banana Kruchten Broker/Owner, CRB, CRS, 602-380-4886 (Phoenix Property Shoppe) 4 months ago

Good afternoon Margaret Rome, Baltimore Maryland ,

Excellent post and congrats on the well deserved feature! You definitely make a great list..so many reasons for a seller to remove their listing from the market. Sometimes they are just tired of the whole process and need a break!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.750.6899) 4 months ago

Around here many homes come off the market during the holidays. I don't agree with this because there probably won't be many showings anyway. But sellers seem to want a break and let it get messy for a while!

Posted by Margaret Goss, Chicago's North Shore & Winnetka Real Estate (Baird & Warner Real Estate) 4 months ago

Anna Banana Kruchten - Phoenix Homes Sales There are so many reasons and sometimes they just don't click! Thanks for the feature in BananaTude!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Dorie Dillard CRS GRI ABR Just left you a message.

So true, sometimes they are just tired of the entire process!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Margaret Goss That is the question we are asked. I also don't agree because it definitely will not sell if it's not on the market. Buyers are  quite tolerant of "messy" homes at the holidays... more like "lived in."

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Congratulations on the Feature. Lots of good points. I deal with a lot of out-of-state Sellers who have had rentals and if the house doesn't sell the first month, they panic and re-rent it because they can't afford a double mortgage.

Posted by Mimi Foster, Voted Colorado Springs Best Realtor (Falcon Property Solutions) 4 months ago

Mimi Foster Another reason to take off the market. Can't afford to leave it unrented. Good to see you .

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Yes, homes sometimes disappear from the market.  Your 13 reasons pretty much cover the reasons why.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 4 months ago

CONGRATULATIONS Margaret, on having this blog FEATURED in the Old Farts Club group!  

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 4 months ago

Hi Margaret- you've listed many reasons why a home comes off the market. One house I consulted on actually had an offer but before it could go any further, the husband passed away while on a business trip. Very sad. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) 4 months ago

Hi Margaret:

Interesting post and a topic I can’t recall being addressed but one that, of course, we all see, and wonder about...and get questions from buyers on all the time. So many reasons to sell, or to not sell.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California) 4 months ago

As you say there are lots of reasons why a home comes off the market and buyers always want to know why, as they want to know why the seller is moving, hoping the reason will provide information they can use if they are interested in buying.

Posted by Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line (Long & Foster Real Estate Inc 610-225-7400) 4 months ago

The story behind the story will always be there but not everyone is in on it....

Posted by Richie Alan Naggar, agent & author (people first...then business Ran Right Realty ) 4 months ago

Great post Margaret Rome, Baltimore Maryland I just had a seller contacted me that he is looking to take the house off the market because of lack of communication from the Agent. 

Posted by Abby Stiller, Professional Bilingual Realtor (239) 284-8637 (REMAX Realty Group) 4 months ago

 

Thanks for the feature Myrl Jeffcoat 

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Kathy Streib How sad! But that's another reason.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Jeff Dowler, CRS Always good to see you!!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Nick Vandekar, 610-203-4543 We are constantly being asked why a house is no longer on the market. Sometimes we know that answer...other times not.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Oh so true Richie Alan Naggar 

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Abby Stiller No communication will not win an agent any points! Thanks for the reblog but sorry you got so many spam comments.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Just reported and deleted 21 spam comments!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Another reason I have heard is the Seller is waiting for values to go up ... to their hoped-for valuation. I tell them the values could go down, they don't always move upward.

Posted by Steve Schoepfer 4 months ago

What the devil do those spammers think they are accomplishing? I'm sure I'm not the only one who reported each of them. Jerks!

There are many reasons why people take a home off the market, and I'm astounded at how some agents react to that.

My son and his wife had their home for sale this fall, then decided to take it off the market until Spring. I didn't know that, so was unprepared when I started getting calls from agents in their city asking for my daughter-in-law. Apparently they researched my son and found every address / phone number he had - for what purpose? They could have called, texted, or emailed her.

In my opinion, that was a creepy tactic.

Posted by Marte Cliff, Your real estate writer (Marte Cliff Copywriting) 4 months ago

Marte Cliff If you are taking your house off the market...you better be prepared. I think there was a post that I will go lookup. I'll be back,

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Margaret,  A lot of folks pull the house off the market in the fall. I tell my clients that if they really want to sell it is good to leave it on the market as the competition is less.  

Posted by Dana Basiliere, Making deals "Happen" (Rossi & Riina Real Estate) 4 months ago

So many reasons.  In fact, I just had a conversation with a seller, about the reasons, they want to take their home off the market during the holiday seasons. 

Posted by Graziella Bruner, Associate Broker - Serving Wayne & Oakland County (NCS Premier Real Estate) 4 months ago

Margaret, thanks for your post. As a Mortgage Lender I get this question from my buyers. 

Posted by Ron Aguilar, Mortgage & Real Estate Advisor since 1995 (Continental Mortgage) 4 months ago

Your last reason was the first I thought of when I saw the title. The sellers think it's a prefect house, they get an offer and then an inspection and then the repair request. That's when it hit's them. They have a house full of sketchy repairs or items in need of repair or maintaining. 

Posted by Scott Seaton Jr. Bourbonnais Kankakee IL Home Inspector, The Home Inspector With a Heart! (SLS Home Inspections-Bradley Bourbonnais Kankakee Manteno) 4 months ago

Scott Seaton Jr. Bourbonnais Kankakee IL Home Inspector That would be your first thought. Thanks for stopping by.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Robert Buys Houses DFW Thanks for adding to the list. As an investor, you hear some of the same reasons.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

There are so many reasons for a seller wanting to take their house off the market.  One is a stubborn mindset that their house is worth more than it is and they are not willing to reduce and decide they will stay in the house or list with another agent who they think can get the job done.

Posted by Diana Dahlberg, Real Estate in Kenosha, WI since 1994 262-308-3563 (1 Month Realty) 4 months ago

As an investor, the title sucked me right in- I had to read it. Almost every house I buy is off Market. You make some very good points.

Posted by Lou Gimbutis, Buying & Selling Houses Since 2004. (Property Solutions, LLC) 4 months ago

Diana Dahlberg Another reason ...."One is a stubborn mindset that their house is worth more than it is and they are not willing to reduce and decide they will stay in the house or list with another agent who they think can get the job done.''

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Lou Gimbutis  Good to see you in the Rain. Interesting that you mainly buy homes off-market.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

Tis where the best deals are found. I'm closing on one tomorrow for $45k, value in excellent condition just over 200k, and it will take around 30-35k in repairs to put it in excellent condition.

Posted by Lou Gimbutis, Buying & Selling Houses Since 2004. (Property Solutions, LLC) 4 months ago

Lou Gimbutis Sounds like you made an excellent buy. Maybe you could do a blog series on before, during and after...showcasing this purchase.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) 4 months ago

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