Answers by Renee Hollingsworth

Yes, the ARMLS rules suggest that relisting a home as a "new listing" requires the property to be off the market for at least 30 days before it is considered "new" again in the MLS system. This aligns with your plan to cancel and relist

Concessions are becoming more common due to several factors. First, rising interest rates have made homes less affordable for buyers, which can reduce the buyer pool. Offering concessions, such as help with closing costs or interest rate buy-downs, can make the deal more attractive and affordable for buyers. Additionally, homes may still sit on the market longer if they’re overpriced or in need of updates, so concessions can help sellers stand out and close the deal more quickly.