My real estate contract expired on January 15, 2007 (mis-written on the contract as 2006) Yesterday I saw a local weekly newspaper dated January 24, 2007 and there is a picture and description of my house included in the company's full page ad. As of yesterday, they have not removed their "For Sale" sign from my front yard but the internet listing is gone. Should I be concerned?
2007-01-26 01:48:00 · 6 answers · asked by customtecfire 2 in Business & Finance ➔ Renting & Real Estate
I would contact your agent and (nicely) ask him if the listing shows expired in the MLS. More than likely it has, as for advertising it, a simple mistake just mention it to him. As for the sign tell him you took it down and its on the side of the house for him to pick up. Things like this happen- not for any good reason, don't stress call the agent.
2007-01-26 02:01:49 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I put a similar clause in my contracts after dealing with a client like you. Unfortunately, your agent should have just set a flat cancellation fee instead of tying it to "costs". She obviously sensed that you would do this. You have a couple of outs: 1. Apologize for being so inconsiderate and refer her to five people you know -- five people who are serious about buying or selling. I don't care if you are sorry or not -- this is your best chance to get out of this deal without paying any money. 2. Apologize and offer $500 and two referrals. Why do I think you should apologize? You welshed on a contract. You said you would keep your house listed for 4 months and that you would pay if you backed out. Now you're in violation of the contract. She may not be able to prove the $2,000 as actual expenses, but she can sure prove that you broke the agreement. A heartfelt apology goes a long way in this world. It's a pain to go through all of the trouble to list a property, only to have someone say "Oh, never mind...". Yeah, it's a part of business, but you could have just kept the house listed and saved everyone some drama. As far as the referrals -- your agent has proven that she is a good negotiator and someone who sticks to her guns. Remember -- she got you to sign that contract. That's something that people want in an agent. Giving her business will stroke her ego and make her feel like you are not such a flake. She'll send you Christmas cards for life for those referrals. You'll feel better too. I'm sure in some sense you feel bad for breaking your agreement. Doing it this way will save you some money, help right a wrong and will make someone's day. Think about it...
2016-05-24 01:43:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would not be too concerned. Ads are often placed weeks in advance to meet print deadlines. The MLS system is automated so that when the listing term is up it automatically shows your listing as expired. Unfortunately the MLS feeds several other websites and sometimes those feeds are not as timely as we'd like so your listing may still show active on certain sites (like Realtor.com) for a little while. As for the sign, if it is one of those post signs, they are usually installed by a sign company and we have to order it to be removed. Depending on the sign company's schedule it may take them a while. Did you have a lockbox on the property? Did they remove that?
If you are worried, call your agent and ask. It is possible that they may have forgotten to order the sign removed.
2007-01-26 14:21:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No. The contract expired. You can remove the sign if you chose. The advertisement was probably submitted up to 30 days early and your house was included. If the realtor found a buyer they can still present them to you. Even if you've switched agents. You're under no obligation to accept or even entertain the offer.
If you did, you'd most likely still end up paying the realtor fee if they presented the buyer.
Call and ask them to remove the sign.
2007-01-26 02:05:07 · answer #4 · answered by jack w 6 · 0⤊ 0⤋
What are YOUR intentions? Have you re-listed the house with another broker? Read your original listing agreement. There is probably a clause which requires you to pay the commission to the "expired" listing broker if the house is sold (even by you directly) to someone who looked at it during the listing. The listing contract should mention how long this clause is in effect.
2007-01-26 04:02:26 · answer #5 · answered by leaselg 1 · 0⤊ 0⤋
No! The advertising was probably planned for months in advance...also, they will probably be sending someone to take the sign down...
Just send them a letter stating your intention not to renew your listing agmt....
2007-01-26 01:54:06 · answer #6 · answered by boston857 5 · 0⤊ 0⤋