Can I legally decide to list the house myself, lower the price (because I now don't have to pay her a commission) and sell it myself? She has told me several times that she believes it is worth the asking price-- but that it's just a 'buyer's' market right now. I can afford to ask less if I don't have to pay her commission. People are telling me that if the contract is up-- I can do what I want. Is that true?
2007-07-09 10:29:58 · 11 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Yep let it expire and go for sale by owner. Also call about 20 loan officers they have people looking for properties for investors.
Every loan officer knows somebody looking for a property. The loan officer gets a commission on the loan. Usually investment or somebody that came in and a deal didnt work because of ratios. I have 10 right now I cant place. If they think they can get that loan and your loan, trust me they will work as hard as a real estate agent.
Just let it expire.
2007-07-09 10:37:29 · answer #1 · answered by financing_loans 6 · 0⤊ 0⤋
When you think about it you will be advertising and working to sell the house and you may have a few extra expenses. You may also agree to pay 3% to a buyers real estate agent in order to sell the house. You may pay a lawyer or someone to help you go over the offers so you understand what you are signing and how much closing costs they are asking you to pay and such.
I would price it with all those things in mind. You can sell it for less but I would not give the whole commision to the buyer-keep some of that money for yourself in excahnge for your time and expense.
2007-07-09 11:23:40 · answer #2 · answered by glenn 7 · 0⤊ 0⤋
read your contract, for while you may cancel the listing contract and sell it your self, for what ever price, there may be a provision that states for a certain time after the contract is canceled;
if the seller gets a contract to sell from a person that saw the house with the Realtor while it was under contract means the agent is entitled to his/her commission
2007-07-09 10:52:34 · answer #3 · answered by goz1111 7 · 0⤊ 0⤋
Read the contract carefully. There's probably something in there that if the house is sold to someone she showed it to within some period of time after the listing expires, she still gets her commission. Other than that, you should be free to do what you want to with it.
2007-07-09 10:50:29 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
because of the fact she is desperate. they only gets a commission whilst and in the event that they sell the abode that's the reason there's a 6% value. document her to the board of Realtors and have her license revoked.
2016-10-01 06:09:44 · answer #5 · answered by ? 4 · 0⤊ 0⤋
100% TRUE WHEN THE LISTING CONTRACT IS UP, IT'S UP!
Go the Flat Fee MLS route instead of just "By Owner"
You get the best of both worlds, have agents working for you for only 3% and you keep the ability to sell yourself as well.
My FLAT FEE MLS packge is only $199
http://www.flat199.com/
Assuming you're in Florida of course :-) If not I can refer you somewhere else, just let me know what city, state your in. The price might be different though.
2007-07-09 23:48:53 · answer #6 · answered by SELL2K_com 3 · 0⤊ 0⤋
First question I would ask you is, has the realtor your using been showing the house or have any other realtors brought people to look at it?
2007-07-09 10:43:31 · answer #7 · answered by Mark M 2 · 0⤊ 0⤋
Yes, it's true.
When the contract expires....so does any contractual obligation.
You are no longer under any obligation to use her services. You can do what you want.
2007-07-09 10:34:24 · answer #8 · answered by ljb 6 · 1⤊ 0⤋
once your contract expires you can do whatever you want!!!
2007-07-09 10:35:06 · answer #9 · answered by d b 2 · 1⤊ 0⤋
what state are you located at we can help you with what's called a short sale.
2007-07-09 10:39:59 · answer #10 · answered by The O.C Real Estate Agent 2 · 0⤊ 4⤋