Profile picture for user3419048

Why would a listing be removed after offers were made?

We put an offer in on a house that was on the market for 54 days.  We were told at the time of submitting the offer that we were in "competition" with "another FHA loan."  So, we submitted our best offer.  We received a phone call the next day saying we had the better offer, but the seller didn't like the contingency of us selling our house first. fair enough.  But, I look 2 days later, and the whole listing has been withdrawn and removed from MLS.  What would be the reasons for removing the listing?  Is the seller not ready to part with the house?  Did we not offer enough? If not, why not counter our offer?  I'm just confused, and frankly, a little angry that 1. I missed out on the house and 2. that the listing agent was more than likely lying to us about "competition."

  • March 29 2013 - Saint Louis
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Answers (2)

Profile picture for Neeraj Jassal
It sounds like the seller liked your offer but did not want to accept it with the sale & settlement contingency of your current home.  Wetdawgs is correct - there could be lots and lots of reason why the seller withdrew the listing.  It's possible they could have rented it out or want to perform upgrades to re-list at a later date.

If you were working with an agent, why not have your agent contact the listing agent or seller to get some insight into why the property is no longer available?  Perhaps you might be able to start another conversation about your offer.
  • March 29 2013
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Profile picture for wetdawgs
There are dozens of reasons that a home may be withdrawn from the market and the sellers don't have to make it public information.  Perhaps they accepted the other offer.  Perhaps they were tired of the process and changed their mind.  

A contingency to sell your home before being able to complete a purchase is rarely (or almost never) well received.   Is your home on the market with a good offer yet?  If not on the market, well priced etc, with offers in hand, don't use the contingency.
  • March 29 2013
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