do you have time to cancel a contract with a realtor after you sign?

Question

we had a realtor come over and we had a set price we wanted to sell our house for. she showed us what other houses were selling for in the area and wanted us to stay within that amount. she never looked at our house and took in consideration all the upgrades. we felt compelled to accept a lower amount to be marketed. I know there is a $500 fee for canceling but do I have like 3 days to do it without a fee.

Answer 1

you could cancel...there is a window for that ...it varies from state to state.I would stick with the realtor as she is probably right,here is why ,,,If your upgrades put you above the other houses so all the comps are less than yours those comps will in fact bring your value down...never be the most expensive home in the neighborhood as yyou help everyone elses value but nobodys home helps yours. Secondly most homeowners...due to pride of ownership....think their house is worth more than it really is...to be certian get an appraisal on your own from a certified appraiser and you will know the true value of your home.

Answer 2

Hopefully you actually READ the contract paper work, b efore using your pen,,, OR the Realtors pen.

Beyond that it's YOUR house, not the Realtors, to decide a fair price. That said however,,,FAIR is relative and subjective, and open to interpretation about what is, and what isn't.

By doing some homework, knowing the value of comparables, then adding or subtracting Upgrades or Degrading, you should be able to arrive at a price that is fair to both seller and potential buyer.

Rarely does anything sell for assumed market price, and often those are highly inflated. Hopefully too, a potential buyer is as savy as I hope you are.

Rev. Steven

I'd say FAIR with regard to rejecting a Realtors contract might be 72 hours?

Answer 3

you may on no account sign a freelance you have not got a signed replica of. i've got self assurance the concern is addressed interior the contract. although, if your abode rather isn't yet listed on the MLS and if those human beings are qualified shoppers and would pay an appropriate fee, maximum in all danger what would desire to be carried out is which you will use the realtor to dot the i's and pass the t's and ask for a discounted fee--rather no greater beneficial than 0.5 of what they stated to start with--in attention of considerably much less artwork. generally that they had chop up with a purchaser's agent, so as that would desire to be suited--in basic terms get it in writing--in actuality witnessed may be a sturdy theory as i can pay attention somebody screaming later on. you do no longer in all danger have a house sale now the two--you have meant pastime from human beings who have no aim of residing there and would or will possibly no longer have the means to make a deal take place. sturdy luck.

Answer 4

I think you should be able to get out of the contract. Don't let her decide what your house is worth. You can list it for whatever you want. If your not in a hurry to sell you can try it for 6 months and then lower it. It's easier to lower the price after 6 months then it is to ask more after that. She may be right about what to list it for but she should have at least looked at it. You could get an appraiser to check it out also.

Answer 5

I think that you do have a certain time period, about 10 days. You have to remember, however, that homebuyers usually cannot get financing for a home that priced above maket value.