But also, your contract may have specified some exclusions in the contract, such as if a family member or friend were interested....in other words, read your contract because there is specific template wording specific to the state of Indiana, but also information that the seller and listing agent put in specific to that particular sale.
And one more thing...'saving grandma some bucks'...may actually end up costing her if the sale between grandson and grandma is not done correctly. Make sure a professional has reviewed the contract...be it a RE attorney or a realtor.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
I would recommend that if the contract is canceled, and the agent has spend money marketing the home, the seller reimburse the agent for the expenses of marketing.