The difference between Expired and Canceled YourStories Realty Group. The quick and somewhat funny answer is one is disappointed the other is mad. As with all real estate stories the specifics can not be made up. This is not HGTV, it is on the ground, working the neighborhoods, building the community real estate. Finding the highest and best use of the land and fighting to deliver that to the community. Expired listings have come to the end of their agreed upon contract, hence the Seller is confused and disappointed.
The Canceled listing is different. Either the Client/Seller/Buyer chooses to terminate the contract before it goes expired, or the Agent does so. In this case the Seller asked for a termination of the contract and a cancellation of the listing. An agent can withdrawal a property from the active market rendering the property unavailable for sale. The contract with the Seller is written with the Agency and the Seller. Only the Agency can Cancel a listing. Most Agencies will want to have a reason and will make attempts to keep the listing in house.
When Seller and Listing Agent get together at first it is always with specific goals and time lines stated. That is the way business, building and real estate works. This particular project went more than two years. This amount of time diminishes the profit and drives up the cost in time for the Agent if they are monitoring the process on a weekly basis. The best clients adhere to the normal procedures and for a builder those are buy with a plan to sell, get in, finish the work and get out as quickly as possible, never more than 6 months. Rinse, wash, repeat. When you stray from this formula you are not doing real estate you are doing social work. I learned that this week.The difference between Expired and Canceled YourStories Realty Group