2006-07-04 15:44:48 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It should be listed on the contract that you signed with your Realtor, it is usually 90 days, but that is up for negotiation when you made out your contract. Check it out.
2006-07-04 15:48:49 · answer #1 · answered by mischa 6 · 0⤊ 0⤋
I think most Realtors aim for a six month window. I don't think that it unfair or unusual because the average marketing time in most markets can range from 90 days to a year or more. Looking at it from the perspective of the Realtor, I would want the longer listing for a few reasons (1) I would be more willing to invest my time, money and energy into a listing that I felt like I had time to properly market. (2) If the home is mispriced, after every 30 days, the seller and Realtor could review the offer (3) Any negative feedback from other Realtors after showings could be addressed. (4) Sometimes people who aren't looking today will want to buy your home tommorow.
So, unless your agent is just a total uninvolved person, I would take the six months. You should interview at least 3 agents anyway and ask each for a CMA (Comparative Market Analysis) and a marketing plan. I would ask for a couple of references from each and call them!
If you are just looking to get out of your contract and the agent refuses, contact the broker in charge of the realtor's office. If that person is the broker in charge, I would send a certified letter requesting to be released from the contract as of a specific date. Ask for a written response. A good Realtor should contact you to ask what happened and try to correct the situation. If not, maybe you are better off with someone new.
I am not a Realtor, I just know a lot of them, my family is all Realtors or Mortgage Specialists. Good luck!
2006-07-04 23:06:21 · answer #2 · answered by StudentoftheHumanCondition 2 · 0⤊ 0⤋
All contracts are negotiable, however depending on your market the number of days may be somewhat standard, if you try to change the length it may affect their performance.
If you try to sell your home yourself, some agents will work with a one day listing if they have a buyer that they think your home might be right for, negotiate a lower rate because they don't have to split it with another company.
2006-07-04 23:09:05 · answer #3 · answered by geotom 3 · 0⤊ 0⤋
It depends. I signed 2 for 6 months. I wish my first one had been shorter. The second one didn't take that long to sell. 90 days is not a lot. It may be hard to find someone to take your home for only 90 days.
2006-07-04 22:48:54 · answer #4 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
it is as long as you want it to be. If you want to re-list your house with another agent, you may cancel your contract or fire your agent at any time and re-list. you do not need to wait the 90 days. the only problem comes in if you want to sell your house "by owner" after you listed it, and then the agent has to prove--if your house sells within that 90 days--that it sold because of their advertising.
2006-07-04 22:51:00 · answer #5 · answered by bette 5 · 0⤊ 0⤋
It all depends what you acknowledged in the listing contract in Texas it should be on the second page. under term of contract
2006-07-04 23:40:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It is as long as you make it..Most brokers will not accept a contract shorter than 90 days....but...everything is negotiable....even their sales commission
2006-07-04 22:48:50 · answer #7 · answered by Bear Naked 6 · 0⤊ 0⤋
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2006-07-05 10:13:04 · answer #8 · answered by Paul D 2 · 0⤊ 0⤋
In your written agreement, it can be 2 days or 2 years, whatever you agree on. Ninety days is not unusual.
2006-07-04 22:48:52 · answer #9 · answered by Puzzleman 5 · 0⤊ 0⤋