house for sale??

Question

I put my house up with a real estate agent.....I doubt it will sell...and I need to do something with is quickly....I was thinking about renting it out as well....do I have to keep my house on the market with my realtor for a certain amount of time????

Answer 1

In the listing agreement, I'm assuming you signed, there should be a timeframe for the period of the listing.

You may absolutely terminate the contract, as stipulated in the terms of the agreement, with the conditions they've outlined and if you feel as though they've not delivered the services they described would be offered to you. You should ask for a withdrawal of the listing, if that is indeed the case. You need to establish if it will be a conditional or unconditional withdrawal. They cannot force you to remain in a contract if they're providing sub-par service.

If you're just nervous and are having second thoughts, that is not a valid reason in which to terminate the contract.

Have you asked the agent to also advertise the property for rent, in conjunction with its for sale status? That may help.

Check your contract or with the listing agent to have him/her answer this question for you.

When you say, "I doubt it will sell", there is a reason that you've not disclosed for you to say this. Whatever that reason is - correct what you feel the problem is immediately. You should feel confident that it will sell. There are many factors that determine why a house isn't selling. Price is often times the primary reason, if it isn't priced appropriately.

Correct the problem(s).

Good luck!

Answer 2

If you signed a contract it states the termination date. Why isn't your house selling? Have you checked the market for others houses in your neighborhood? How long has your house been on the market? Have you talked to your agent and see if your house is taking longer to sale then other houses in your neighborhood?

I hope that you realize that the market is very slow, and the houses on my street has been for sale for over six months. I person dropped their price 20k, and it is still for sale.

If you are trying to sale it, it would be a good idea to rent it out unless you tell the renter ahead of time. Depending what state you live in, you have to give the renter a sixty day notice to move. What are you going to do if the new person wants a quick escrow? Problems, problems, you should talk to your real estate agent before you do something that you would regret later.

Answer 3

they're probably bluffing. they could bypass to courtroom to get an injunction delaying the sale. If of entirety date is tomorrow, they are going to must be quick. in the experience that they do it, the courtroom will order that the sale must be in the back of agenda till they're waiting to rule on the dispute. at the same time as they do rule, in the experience that they locate on your favour, you should declare substantial damages from the resources brokers. when you're prepared to brass it out, write a letter to the senior major different of the resources brokers, marked urgent and with out PREJUDICE. State that any settlement between you and them is void because of their failure to hit upon a prepared shopper on the cost you agreed. in the experience that they search for an injunction delaying the sale, you'll ask the courtroom for damages of £a million,000 for on a daily basis the sale is in the back of agenda plus the expenditures of your shopper. provide this through hand on the prompt to the resources brokers head workplace. in case you do not have the nerve, telephone them up and ask them how a lot they'd settle for.

Answer 4

If it's not selling, it's because it's priced wrong. I would rent out or drop the price.

You have to keep it up for whatever amount of time your contract states.