If you put tempory off the market your home meaning you are still bound to the
listing agreemnt you signed, let say you had 6 months period. But when
you cancel the listing agreement within that period let you a 6 months period
and the broker give you a cancellation meaning your are not obligated to pay him
any thing at all. Temporary off and cancellation almost the same only the
only difference is you are liable to the agent when you sell the property if
you put temporary off the market, while the cancellation you are not liable
assuming that the agent cancel the listing with agreement between parties.
"this seller just spent 30 days making their home like new just for you!". Get as cheesy as you want with it; you'll get more (good) attention that way.
Disclaimer: I am a licensed real estate broker and property/casualty insurance agent in the State of Ohio, providing information and sharing experiences acquired over 15 years in the industries. I do not profess to be qualified to give advice in any other field, though will share opinions and information obtained during my course of work. It is always highly recommended that consumers seek counsel from a specialist in each area in which there is a question or concern.
Cancelling your listing can also mean you're cancelling your listing with your current realtor, and then getting a new listing agreement with another realtor.
Depending on your MLS, sometimes, cancelling the listing and then waiting 30 days before re-listing and putting it up for sale may classify it as a "new" listing. Another way to "refresh" the listing so that it shows up on hot sheets on various sites and hopefully catch the attention of buyers and sellers who weren't looking for this kind of property when it first came on the market.
However, we as realtors, can get a history of when it was listed, who listed it, how long it was listed, for how much, and if you had gone through price reductions.
Nonetheless, when the listing is re-freshed, it shows up on various websites as NEW. So you buy a bit of attention and get almost a new "life" for your listing.
To remove it from the market it will show up as not for sale. Also by removing it from the market and putting it back up, this can sometimes change the DOM or days on market which is shown to the realtors looking at your property.
Realtors like to do this to try and freshen up an old listing. But a seasoned realtor worth their salt will pull the public records on the property to find out all the correct info and previous MLS sheets will be there.
Hope this cleared it up for you.
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