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Someone already looked at my house but doesn't want to go through the real estate

2006-08-15 06:45:47 · 9 answers · asked by sonny12012000 1 in Business & Finance Renting & Real Estate

What if this person looked at the house while I was under contract, but didn't want to spend that much. After contract expires I can lower the price

2006-08-15 07:00:44 · update #1

9 answers

once expired then you are free to sell

2006-08-15 06:51:21 · answer #1 · answered by golferwhoworks 7 · 0 1

If this person came through because your realtor brought him or he found it on the MLS then you will have to pay your realtor a commission even after the listing has expired.

I wouldn't chance this since your realtor will be keeping an eye open on their old listing to see if it was sold right after the listing expired and the buyer and seller are conspiring to avoid paying a commission.

However, if your listing expired and someone happens to stroll through or even look up the expired MLS listing and contacts you, you're not olbigated to pay the realtor because his listing contract wasn't in effect at the time.

2006-08-15 23:27:47 · answer #2 · answered by El_Nimo 3 · 0 0

Depends on the listing agreement. In some cases if a buyer looked at your home while it was listed, you are responsible for still paying a commission for up to 90 days after your agreement expires if that same buyer ends up buying the house from you - unless it's listed with another agent when that same buyer buys the house. All depends on the terms of the listing agreement.

2006-08-17 15:42:55 · answer #3 · answered by DJT 1 · 0 0

Read your listing agreement. Every agreement I have ever seen has a holdover clause. Meaning you can't sell to someone who saw it while it was listed for a certain period of time after the expiration of the agreement without paying the listing company.

If you didn't pay the broker would you be able to sleep at night knowing their hard work brought the buyer and you circumvented them after they spent their time and money in order to find that very buyer?????

2006-08-15 20:43:06 · answer #4 · answered by Karen R 3 · 0 0

Each listing contract usually has a 'protection' clause. In CA, the space for the number of days is left open. Most agents usually put in 90 days from the contract end. But, if you list with another broker, this clause does not apply.

So, botton line, READ YOUR LISTING CONTRACT PRIOR TO SIGNING IT!!

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http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm
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http://www.brokerforyou.com/blogger/index.html
http://san-diego-coastal-real-estate.blogspot.com
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http://www.poway-real-estate.info
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2006-08-18 13:06:47 · answer #5 · answered by Anonymous · 0 0

Wait until the listing is over. Until then you are obligated to pay your realtor. Read your listing agreement.

2006-08-15 13:51:27 · answer #6 · answered by hirebookkeeper 6 · 0 1

the day after your contract is over you can sell it

2006-08-15 14:00:17 · answer #7 · answered by Anonymous · 0 1

asap. I am a broker. email me and i'll tell you more. michaelpevans73@yahoo.com

2006-08-15 14:12:16 · answer #8 · answered by michaelpevans73 1 · 0 0

its all negotiable... most companies have 6 month listing agreements. but you can negotiate for more or less.

2006-08-15 13:55:17 · answer #9 · answered by Michael W 3 · 0 1

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