Home Selling in Elkton>Question Details

Katharin New…, Home Seller in Massanutten, VA

After a listing expires, what is the waiting period to sell it as a FSBO

Asked by Katharin Newkirk, Massanutten, VA Wed Mar 25, 2009

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5
yeah... given the fact that you were unceremoniously (away on vacation) fired... it's the least they could do...

Extra Point!!
2 votes Thank Flag Link Wed Mar 25, 2009
Alan May, Real Estate Pro in Evanston, IL
MVP'08
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Yeah, my agent fired me. lol
~~~~~~~~~
that would be a half-release, and kick for field goal
2 votes Thank Flag Link Wed Mar 25, 2009
Alan May, Real Estate Pro in Evanston, IL
MVP'08
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It'd be unusual for an agency to give you a "full-release", stating that we're releasing an obligation on any potential buyers who viewed the property, while we were the agency of record.

But you should ask for a list (as Rockin' suggests), and make them sign a note insisting that these are the only names that would be included in any obligation.
2 votes Thank Flag Link Wed Mar 25, 2009
Alan May, Real Estate Pro in Evanston, IL
MVP'08
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You can sell it FSBO as soon as it expires. The one thing to be careful of is entering into an agreement with a party previously shown the property while it was listed by the real estate company.

Most listing agreements have a clause that protects them from their customers finding the property through an agent but buying it FSBO after it expires. Check your listing agreement to see if there is a period of time that protects agent's customers after it expires. Most standard contracts allow for from 90 to 180 days but check your document to be certain.

Good luck
1 vote Thank Flag Link Wed Mar 25, 2009
Katharin~
There isn't a waiting period per se, however there should be a protective period in the listing agreement, typically 30-60 days for the agent.

You can market your home as a FSBO at any time, however, if you sell (within the 30-60 time frame) to a buyer that was attracted to the home (i.e. attended an open house, viewed the home with an agent, expressed any interest to the agent) during the listing period the home was with the agent, then you would owe the agent the full commission. In other words, the agent was the procuring cause of you finding the buyer, therefore the agent met their contractual obligation and should be paid for the result.

I hope this helps! Best of luck to you!

Stacy Carter
ERA United Realty
1 vote Thank Flag Link Wed Mar 25, 2009
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