13 Reasons A House Is Off The Market

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

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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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Abby Stiller 10/23/2019 07:30 AM
Topic:
ActiveRain Community
Location:
Maryland Baltimore County
Groups:
Cosmic Cow Pie...The Rome Way
Bananatude
Bartender, Make it a Double
Old Farts Club
Tags:
homerome
withdrawn from mls
off the market
mls withdrawal

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Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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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.

Oct 23, 2019 04:28 PM #53
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Oh so true Richie Alan Naggar 

Oct 23, 2019 04:29 PM #54
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Abby Stiller No communication will not win an agent any points! Thanks for the reblog but sorry you got so many spam comments.

Oct 23, 2019 04:30 PM #55
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Margaret Rome, Baltimore Maryland
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Just reported and deleted 21 spam comments!

Oct 23, 2019 04:38 PM #56
Anonymous
Steve Schoepfer

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.

Oct 23, 2019 05:35 PM #59
Rainmaker
1,550,337
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

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.

Oct 23, 2019 07:59 PM #64
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

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,

Oct 23, 2019 09:23 PM #65
Rainmaker
342,989
Dana Basiliere
Rossi & Riina Real Estate - Williston, VT
Making deals "Happen"

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.  

Oct 24, 2019 04:33 AM #69
Rainmaker
413,154
Graziella Bruner
NCS Premier Real Estate - Detroit, MI
Associate Broker - Serving Wayne & Oakland County

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. 

Oct 24, 2019 04:45 AM #70
Rainer
286,996
Ron Aguilar
Continental Mortgage - Saint George, UT
Mortgage & Real Estate Advisor since 1995

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

Oct 24, 2019 06:55 AM #71
Rainmaker
456,519
Scott Seaton Jr. Bourbonnais Kankakee IL Home Inspector
SLS Home Inspections-Bradley Bourbonnais Kankakee Manteno - Bourbonnais, IL
The Home Inspector With a Heart!

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. 

Oct 24, 2019 07:24 AM #72
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

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

Oct 24, 2019 08:08 AM #75
Rainer
9,125
Robert Buys Houses DFW
Robert Buys Houses DFW - Dallas, TX
We Buy Houses Fast in Dallas-Fort Worth

Hi Margaret,

As a real estate investor in DFW, I have had sellers tell me...

...They simply need a quicker sale for their property.

...They mo longer felt comfortable with the current realtor.

...Did not want to make repairs or did not have the money to make repairs.

...They want/need cash NOW, not months down the road.

...I inherited the house and I don't want it or it's a problem house.

...Cannot afford to make (2) mortgage payments.

 

There are more and others will post them I'm sure.

Most of the houses we purchase are in the neighborhood of or up to $250,000.  

 

Much Appreciated

Robert Hernandez

https://www.robertbuyshousesdfw.com

Oct 24, 2019 08:37 AM #76
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

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

Oct 24, 2019 08:40 AM #77
Rainmaker
474,816
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

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.

Oct 24, 2019 09:36 AM #78
Rainmaker
13,195
Lou Gimbutis
Property Solutions, LLC - Statesville, NC
Buying & Selling Houses Since 2004.

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.

Oct 24, 2019 06:49 PM #81
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

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.''

Oct 24, 2019 07:00 PM #82
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

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

Oct 24, 2019 07:02 PM #83
Rainmaker
13,195
Lou Gimbutis
Property Solutions, LLC - Statesville, NC
Buying & Selling Houses Since 2004.

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.

Oct 24, 2019 07:05 PM #84
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

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

Oct 24, 2019 07:11 PM #85
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