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Great tohear that you like your realtor. If you candidly inform him/her of your reasons, any reasonable person would understand. A good realtor seeks to understand a sellers motivations to sell or not to sell. They can only understand what you do if then know what you know. So being candid and truthful always gets the best results.
The rules about how one should treat people who are expected to work hard for you are the same for a good realtor.
Now, on the flip side you may get that bad realtor who won't let you out of a lisng agreement. Well, its just an agreement to list your house ,you are not bound to or compelled to actually sell it. Tell them to raise the price to an amount where no one would want to buy it. No matter what offer you get, you cannot be forced to accept it so there are no worries. If the realtor really wishes to waste their time with your property then let them waste their time only for you to say no to every offer.
Ignore them and they will go away.
you have the right to decline an offer always ---let it run out. dont try to break listing. piece of unsolicited advice always sign short listings never long.
Now if you're planning on selling in the summer you may want to rethink taking the house off the market, since in may take a few months to find the buyer, and then a month or so to close.
The OP actually has their zip code on their profile, and knowing where s/he is, if she wants to sell by the summer, taking it off right now is not a wise thing to do. Buyers aren't there. The ones that are will be out starting in mid-February until March, April gets slower with the market practically stopping by May.
Quote:
Originally Posted by jade8568
I put my house up for sale about a month ago, but now change my mind. I know I signed a contract, but there have been changes in my personal situation that makes it best for myself and my 2 children to stay in the house. (Long sotry) I have never dealt with realtors before and not sure how to handle this. My real eastate angent is awesome and I feel horrible about having to ask her this. But I really dont want to move at least until school lets out in the summer time.
thanks for any advice.. pls no lecturing on how a contract is a binding deal... I am aware of that. ) I just need advice. thanks!
Jade, if you are lucky enough to get a contract by April a 60 day close would be the end of June. You might even be able to get a 90 day close but I don't suggest it.
Good luck. The market is the pits. Took us 1 full year from listing till closing in Burlington County.
Jade..you get what you pay for on this website and the advice you're getting all leads to the inevitable:
As a degreed professional here is the harsh reality:
You signed a Real Estate Contract to sell your home. You can break the contract, but you will be liable for "SPECIFIC PERFORMANCE". This amount varies from state to state, but it's going to be a lot of money...well above $10,000 if you need an idea of what you're getting into. Likely much more depending on how much the buyer can show you cost them by breaking the contract. This will be added to attorney cost, most likely for both parties since you renigged.
Jade..you get what you pay for on this website and the advice you're getting all leads to the inevitable:
As a degreed professional here is the harsh reality:
You signed a Real Estate Contract to sell your home. You can break the contract, but you will be liable for "SPECIFIC PERFORMANCE". This amount varies from state to state, but it's going to be a lot of money...well above $10,000 if you need an idea of what you're getting into. Likely much more depending on how much the buyer can show you cost them by breaking the contract. This will be added to attorney cost, most likely for both parties since you renigged.
The OP is trying to get out of a listing contract not a purchase and sale agreement.
Can I break my contract with my listing agent if I believe there is a conflict of issue and diengenious conduct by my agent? I am going through a divorce and have reason to believe that my agent is working in collusion with my estranged husband to enable him to low ball me. My agent has advised me to lower the listing price for my home by $100,000. It is in excellent condition in a high demand area and been on the market for 45 days.
Can I break my contract with my listing agent if I believe there is a conflict of issue and diengenious conduct by my agent? I am going through a divorce and have reason to believe that my agent is working in collusion with my estranged husband to enable him to low ball me. My agent has advised me to lower the listing price for my home by $100,000. It is in excellent condition in a high demand area and been on the market for 45 days.
Well, if you have reason to believe your agent is acting against your interests, you should take action immediately. Call their broker and have a conversation with them about it. The broker will more than likely be willing to assign a different agent to your property.
Do you have reason other than the price suggestion? And if not, what was the original list price suggestion by that Realtor? Is $100k a 5% reduction, or a 20% reduction? Have you seen comps to support either the Realtors new suggested price or the current list price?
Last edited by Bill Keegan; 07-22-2009 at 07:48 PM..
Reason: typos
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) I just need advice. thanks!
