I have had my home listed for sale since 1-24 and the listing expires on 7-24. Can I just call this thing off and un-list it? I have changed my mind (for now) and don’t really want to sell it…any advice please?!
First of all, those who tell you not to worry about the contract? Stupid ignorant advice.
You do have a contract, and you can’t just change the agreed price without agreement of the brokerage.
Those legal details out of the way, I would never hold anyone to a contract when they don’t want to sell, and neither would most Realtors.
If what you related about the situation is accurate I would have them withdraw it, which means that they still have a contract so you can’t sell it or list with another Realtor until it’s over, which is just July so no big deal. It will be removed from the market as far as showing and sales offers. That would get what you want.
If your Realtor wants to play it hard, which is stupid in many ways, you can make things so difficult it wouldn’t be worth it. I won’t go into how, but you can imagine I’m sure.
March 7th, 2010 at 8:57 pm
You have a listing agreement. I would read it and see what happens when you cancel the listing. Do you owe the realtor any monies, etc.
Usually you can just get out of the listing. However, read it.
However, I would do it ASAP. It’s not fair to the realtor to continue to spend money on this.
References :
March 7th, 2010 at 9:24 pm
Yes in most cases you should just be able to call the listing agent and tell them you want to cancel the listing. Of course they are going to try to talk you out of it. They have probably spent money on advertising and such and now they won’t be able to recoup that money.
References :
appraiser/realtor
March 7th, 2010 at 10:08 pm
yes you can change your mind,but the agent has to have a good relationship with you to just tear up the contract,so talk to him/her about your change of heart..
References :
March 7th, 2010 at 10:19 pm
yes you can cancel however keep in mind your Realtor has spent $ to list your home and market it – so the realtor won’t be real happy because he/she will have to pay for those costs without getting a check from the sale of your home – money out of his/her pocket literally. But it’s your right to cancel if you want. At your discretion (it’s not required) you might give the realtor a small amount of $ (couple hundred) to help offset his costs (but you don’t have to) Imagine if you went to work and did your job then were charged something (from the job and had to pay it) then you didn’t get your paycheck – same situation – good luck ** what your doing is a rick of our business that we incur everytime we list a homefor sale I once listed a home and the seller decided to stay after 3 months and I had spent $2500 in marketing on the home – I had to pay that and I never got a check or compensation from the seller – it’s the nature of the business
References :
March 7th, 2010 at 10:27 pm
Yes of course you can change your mind. It is your property and you can do what you please with it. You are not binding in any contract with any agency so go ahead and do as you please
References :
March 7th, 2010 at 10:35 pm
First of all, those who tell you not to worry about the contract? Stupid ignorant advice.
You do have a contract, and you can’t just change the agreed price without agreement of the brokerage.
Those legal details out of the way, I would never hold anyone to a contract when they don’t want to sell, and neither would most Realtors.
If what you related about the situation is accurate I would have them withdraw it, which means that they still have a contract so you can’t sell it or list with another Realtor until it’s over, which is just July so no big deal. It will be removed from the market as far as showing and sales offers. That would get what you want.
If your Realtor wants to play it hard, which is stupid in many ways, you can make things so difficult it wouldn’t be worth it. I won’t go into how, but you can imagine I’m sure.
References :
15 year realtor