Can You Withdraw Your Home From the Market After You Decide to Sell It?

Published On: December 3, 2022|Categories: Blog, Selling|Tags: , |

Can You Withdraw Your Home From the Market After You Decide to Sell It

When you put your home on the market, you’re making a big commitment. You’re saying that you’re ready and willing to sell, and that you’re open to offers from potential buyers. But what if something happens after you’ve listed your home and accepted an offer – maybe you change your mind or something comes up that makes selling your house impossible? Can you withdraw your home from the market at that point? This guide explains what happens if you decide to back out of a sale after listing your house.

Can You Withdraw Your Home From the Market After You Decide to Sell It?

If you’ve listed your home and accepted an offer, you’re legally bound to sell the property to that buyer (barring any unforeseen circumstances, like the buyer being unable to obtain financing). However, if you haven’t yet signed a contract with the buyer, you may be able to back out of the sale without any legal ramifications.

It’s important to note that if you do accept an offer and then back out of the sale, you may have to return the buyer’s earnest money deposit. You may also be required to pay your real estate agent, as they may have already put in a significant amount of work on your behalf.

Join our team

Please fill out the below form completely and include your resume & cover letter and we will get back to you quickly!

  • Drop files here or
    Max. file size: 50 MB.

    Why Do People Withdraw Homes From the Market?

    There are a number of reasons why people may choose to withdraw their homes from the market, even after they’ve accepted an offer. Some common reasons include:

    • The buyer is unable to obtain financing
    • The buyer requests too many repairs/changes
    • The seller has a change of heart
    • The property is damaged

    Related: How to use plants to sell your home fast

    How to Make Sure You’re Really Ready to Sell

    If you’re thinking about putting your home on the market, it’s important to be sure that you’re really ready to sell. Here are a few things to keep in mind:

    • Think about your timeline – are you under pressure to sell quickly, or do you have the flexibility to take your time?
    • Be honest with yourself about your reasons for selling. If you’re not sure, it may be worth waiting a little longer.
    • Consider the market – are conditions favorable for sellers in your area?

    If you’re still on the fence, consider speaking with a real estate agent. They can give you more information about the process of selling and help you make a decision.

    Related: What is capital gains tax, and will you have to pay it if you sell?

    A Word on Home Pricing

    If you’re thinking about selling, one of the first things you should ask a real estate agent is how much your home is worth. Often, home sellers have an inflated sense of their home’s value, which can lead to unrealistic expectations and a lot of disappointment down the road.

    How Real Estate Agents Determine a Good Listing Price

    The most common way real estate agents determine a listing price is by looking at recent sales of similar homes in your area (known as “comps”). They’ll also take into account any unique features or selling points your home has, as well as any necessary repairs or updates.

    Keep in mind that your home is only worth what someone is willing to pay for it – no matter how much you think it’s worth, the final sale price is ultimately up to the buyer.

    Stunning Florida Home in Gated West Hampton  – A True Gem

Welcome to your dream home in sought-after West Hampton. This spacious 4-bedroom, 3-bathroom + large bonus room home boasts 3,086 sq. ft. of heated living area and a spacious 3-car garage, offering both elegance and functionality. With its thoughtfully designed 3-way split floor plan, this home offers ultimate privacy and room for everyone.

Upon entering, you'll be captivated by the rich wood and tile flooring throughout, seamlessly blending with the home’s tasteful finishes. The expansive kitchen opens to the family room & features stainless steel appliances, wood cabinets, breakfast-bar, pantry closet, a built-in desk, and plenty of space for family meals or entertaining. The heart of the home flows effortlessly into the open living and dining areas, making it perfect for gatherings of all sizes. Escape to the alluring primary bedroom & ensuite featuring dual walk-in closets & vanities, separate water closet, large shower and a relaxing soaking tub. 

Upstairs, you’ll find a huge bonus room — an ideal space for a media room, playroom, or home office. The possibilities are endless!
The private fenced yard offers a tranquil retreat, with a covered lanai and lush tropical landscaping surrounding the space. Whether you're enjoying the Florida sunshine, hosting a barbecue, love to garden, have kids (to include fur babies), this backyard is perfect for outdoor and low maintenance living. 

Recent upgrades including a 2023 Roof, and 2024 AC system & Paint ensure peace of mind for years to come.
In addition to the home's impeccable features, this West Hampton community offers a range of amenities perfect for families and outdoor enthusiasts. 

Take a stroll along the sidewalks, explore the scenic walking trails, or relax by the tree-lined tranquil pond with a fountain and park bench. Kids will love the nearby playground, and nature lovers will appreciate the wildlife sightings — deer, turkeys, hawks, and even eagles are frequent visitors to this beautiful setting.

Convenience is key with Top-Rated schools, Shopping, World Renowned Beaches, Tampa Bay Downs, Local Breweries, Theme Parks, Elev8, Culinary Diverse Cuisines for the Foodies, Ice Hockey & Skating rink, TIA, Fishing, Skiing, Boating, Kayaking/Canoeing nearby and the 36-hole Eagles Golf & Country Club, where you can enjoy a round of golf and more wildlife encounters.

This home offers an unparalleled combination of comfort, luxury, location, and peace of mind. A smart choice with NO CDD fees & NOT in a flood or evac zone. Don't miss out on this opportunity to make this West Hampton beauty yours & schedule your tour today! $749,800 Active

    12801 Stanwyck Circle Tampa, Florida

    4 Beds 3 Baths 3,086 SqFt 0.23 Acres

    Outstanding home in the Carrollwood area with over half an acre!  This 5BR & 3BA pool home includes an enormous flex room for a multitude of living options!  Entertain & host away - with a huge center kitchen island, a gas range, large cabinets, exhaust, & an open floorplan design.  Your family room overlooks impressive pavers, a covered lanai area, & a private pool.  The deep lot offers privacy & a paver fire pit & sitting area too.  This split plan design is perfect for families & also an in-law design (if needed).  No carpet here.... the main living areas & bedrooms have gorgeous (wood style) tiled floors.  Seldom do you have the opportunity to have all this space & be in the heart of Carrollwood!  Close to everything convenient to the Carrollwood area & minutes from shopping centers, dining, parks, & easy access routes for commuting!  Come see how private & spacious this lot & home feel & why you'll value the incredible location!  This home has a whole house water filtration system, a newer roof ('23), water softener system, & propane for selected home functions.  A portion of the garage was enclosed for additional living area.  Currently a functional oversized 1-car garage with ample storage.  A home and location like this does not come on market often!  Schedule to view and see what makes this home so special! $1,050,000 Active

    3906 Floyd Road Tampa, Florida

    5 Beds 3 Baths 3,787 SqFt 0.57 Acres

    Under contract-accepting backup offers. Amazing 3BR/2.5BA/1 Car Garage home for sale in the perfect location of West Tampa!  RECENT UPGRADES: ROOF 12/24, CRAWLSPACE ENCAPSULATION & FILTER SYSTEM 11/24, EXTERIOR PAINT '25, INTERIOR PAINT '25, NEW CARPET '25, & Newer first floor laminate.  X Zone: Non-Required/Optional Flood Insurance & high elevation (estimated 30ft)! This 2-Story home has newer luxury plank vinyl throughout the main floor, open family room concept, stainless steel appliances, half bathroom (downstairs), a great front patio under shingle, & plenty of storage space! Upstairs, you'll find a large master suite with walk-out balcony, large walk-in closet & private bath. Additionally, 2 bedrooms share a full bath (Jack and Jill layout) & washer/dryer set-up (in main upstairs hallway area). Enjoy a high seer rated A/C unit system ('18). Lastly, there is alley access to a 1 car attached garage, long driveway, & fully fenced yard (complete with manual roller/gate)! Great location & home!  The West River expansion of the RIVERWALK/ARMATURE WORKS/Hillsborough River is rapidly expanding on the west-side of the river & this home is in the heart of it all!  Close to downtown, U. of Tampa, Channelside, Hyde Park, The Heights, Riverwalk, Armature Works, NOHO, SOHO, Channelside, and much more!  Come see this home today!  See attached tours and website! $465,000 Pending

    2130 W Spruce Street Tampa, Florida

    3 Beds 3 Baths 1,518 SqFt 0.06 Acres

    Are You Buying or Selling a Home in Tampa Bay?

    You can use this website to search homes for sale in Tampa Bay and all its communities. Our site is directly connected to the Tampa Bay MLS, and we update our listings every hour. You can even use our site to create your own account and get emails as soon as a new home hits the market, price change alerts and so much more.

    While you’re here, check out these listings: