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kennyandliz, Home Buyer in Powell, TN

We have had our house on the market since 7/12. Want to unlist till 3/13. Would there be any reason we could not do that?

Asked by kennyandliz, Powell, TN Wed Nov 7, 2012

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Caroline Holt’s answer
Hello Kenny and Liz,

As many of my fellow agents have mentioned, the best way to approach this situation is to have a candid discussion with your agent about your intentions and, when necessary, he or she will bring the matter to the principal broker of the firm with which your house is listed. The firm should be willing to work with you to accomplish your goals, and may even suggest some new marketing strategies come the New Year. Relisting in the spring may be just what's needed to generate interest in your house following the typical "winter slump" in the market. If you're not seeing the results you'd like by April, consider having another discussion with your agent to ensure that you're really seeing eye-to-eye with regard to marketing your house. Provided you're satisfied that the property is priced properly and is being marketed effectively, it should only be a matter of time before you have that coveted SOLD sign in your yard.

Wishing you the best of luck,

Caroline Holt, Realtor
Coldwell Banker Wallace & Wallace
(865) 323-1836
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2 votes Thank Flag Link Wed Nov 7, 2012
Kenny and Liz,

This would be up to the broker of the firm you are working with. It is more likely that they would be willing to withdraw the listing until you are ready to put it back on the market, but less likely that they would be willing to release you from the listing. This would mean that while the property would no longer be listed, you would still be under contract with the firm for the listing period. This is protect the firm's investment in the marketing of your property, and would prevent you from listing it with another firm, or entering a sales agreement with a buyer on your own.

I would first discuss your situation with your agent. It is possible that you will be able to get the listing withdrawn without having to contact the broker directly. I hope that helps.
1 vote Thank Flag Link Wed Nov 7, 2012
Hi Kenny and Liz,

Technically, your listing belongs to the broker so the final decision is up to them as to whether they will agree to cancel your listing. They may ask just you to put it on hold or they may agree to cancel it altogether. Each brokerage has their own policy. Most brokers would never force the issue as it would pointless and waste everyone's time.

Best of luck,

Barbara Grandolfo
0 votes Thank Flag Link Wed Nov 7, 2012
Selling a house can sort of be like searching for your soul mate. It's frustrating when the right buyer or soul mate hasn't shown up yet. It just takes one and you never know when that one will show up. If you really want to sell I'd recommend keeping it on the market. Not only a realtor but also a seller right now - 1 year on the market this Friday, 50 showings to date, no offers. It's tempting to take it off the market through the holidays but we really need to sell. We haven't seen any slowing of showings with the cold weather this year. Best of luck to you.
0 votes Thank Flag Link Wed Nov 7, 2012
Hello Kenny and Liz,

I know you must be feeling discouraged because your home has not sold. Don't be! I'm sure agent has mentioned to you the average days on the market for your area. Your home has been on the market for 4 months and typically, for the Powell area, it can take 6-9 months to sell. It's also going to depend on location, condition and pricing. Hang in there!

As far as unlisting your home until March 2013, check with your agent for the conditions of your contract and their broker will also be brought into the conversation as well.

Again, hang in there......... yes the holidays are coming up quickly! People looking at homes over the holidays are generally serious...... not tire kickers! Do what your agent is telling you to do and stay positive! It will happen.


0 votes Thank Flag Link Wed Nov 7, 2012
You would need to look at the contract dates for the listing. If they go through 3/31 you would need to speak with your list agent and their broker to see if you can get out of the contact. I know winter and the holidays are a hard time to list, good luck!
0 votes Thank Flag Link Wed Nov 7, 2012
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