my house is for sale?

Question

but now I have changed my mind about selling it because the house prices have risen a lot since me putting it up for the market

if I withdraw from the estate agent, would he have anything hold against me

he had a contract of 26 weeks signed its been 3 months so please help

Answer 1

I believe ypu can always increase your asking price, but the house must remain on the market unless the agent releases you, which they might. Read your contract and call another broker to confirm your obligations.

Answer 2

The house prices have risen and you want to list it for higher? Consult your agent about it, he can do a price change. If you are thinking about the increase of prices and it would affect your ability to buy your next house, you should also talk to him about that as well. If you found something now you can put a contingency offer on it. You did sign a legally binding contract with your realtor though you can nicely ask out of it (it's not that difficult, they mark it as withdrawn in the MLS and just change the date on the listing agreement!). It would be nice of you though to use him when you do go to sell and for buying your next house. Being a realtor is tough! I'm sure he would much rather hear you arent going to sell your house, than keep working, investing in advertising and open houses to have you get a contract and just refuse to sell it.

Answer 3

Your house has been listed for 3 months and prices have been increasing and you have not had an acceptable offer. These are opposite ideas. If the price of your house has been increasing then you should have received many offers at this point.

Ask your real estate agent what is the normal marketing time for a house like yours. Ask him what the pricing should be in this market of yours. This will help in your understanding of a free market economy.

Answer 4

He might have a cause of action against you if you suddenly changed agents and the new agent within a day or two sold your house at a price you had previously rejected with former agent. And don't think for an instant realtors don't check on deals that might have been theirs but for ...

Aside from that, you're free to decide NOT to sell.

Answer 5

I'm afraid so. By law you signed a contract and, both of you have to fulfill each of your agreements. My advice to you is:
Don't budge an inch or give any discounts at all. Stick to the
asking price. Besides with the market the way it is now, each
day brings great deals to buyers for troubled sellers. Hang in there! Don't tell your Realtor that you have changed your mind,
it's none of his/her business. You have to look out for YOUR best interests. As my dad use to say: The least people know about you, the better off YOU are.

Answer 6

Just let your agent know that you are taking the home off the market due to the home prices have declined in recent months and in order for you to purchase another home you will be selling for less than you can buy elsewhere. Best of luck. BTW. If your agent will not let you out of the contract Fire them in writing.

Answer 7

Why don't you just call broker up and tell him/her to raise the asking price.

You may do whatever you want, it's your house. The broker may not like you, but until you sign over the house to some one else, no one can do anything to you.

What state do you live that your house is going UP in price??
Getting a loan in the US is pretty hard right now, not to mention falling prices, and a lack of real buyer interest.

Answer 8

House prices went up! Where?
Can't you have the agent change the listing price?

Answer 9

Although contracts vary, most reputable agents will respect your decision and let you withdraw from the contract with no penalty or obligation.

Answer 10

You can choose to remove it from the market, but don't try and list it with another agent. The original agent may be able to sue you for the original amount of the commission.