What is a Withdrawn Listing?

Withdrawn Listings

A withdrawn listing means the home has been removed from the Multiple Listing Service (MLS) by the homeowners and is no longer available for sale. However, this doesn’t mean that the home has been sold. If this were the case, the listing would say it was under contract or sold. There are many different reasons for a person to withdraw their listing.

Reasons a homeowner withdraws their home

1. They’ve decided not to sell their home

Whether for personal or financial reasons, the homeowner’s may have decided not to sell their home. Perhaps they put the home up just to see what offers they would receive. Additionally, their reasons to move might have disappeared, such as a job transfer that was rescinded.

2. The home was priced too high/was on the market too long

Sellers might take a home off the market and relist it later so it doesn’t appear to have been sitting on the market for months. They also might take it off the market to re-evaluate the selling price.

3. The seller’s want a break from showing

Whatever the reason, the seller may decide to take a break from showing the home and plan to put the home back on the market at a later date.

4. They’ve discovered a problem

During the selling process, the homeowners may have found issues with the home that need to be fixed. They might have also decided to do an improvement project to be able to sell the home at a higher price.

5. The homeowners decided to change realtors

If a homeowner decides to switch realtors, they might remove it from the market while they interview new agents.

Can you buy a withdrawn home?

A withdrawn home does not mean that the homeowners have decided not to sell their home. If you find that you wish to purchase a withdrawn home, ask your agent to contact the seller’s listing agent. They can provide you with more information concerning the situation.