Home Selling in 08505>Question Details

Curiousinnj, Home Seller in 08505

Can you cancel an NJ MLS listing agreement to take your house off the market without penalty even if the realtor found a buyer offering asking price?

Asked by Curiousinnj, 08505 Fri Apr 8, 2011

Help the community by answering this question:


Hello CuriousinNJ!
Nobody can make you sell your house! And in NJ commission is not due until closing. You can take your house off the market anytime you want - the agreement you signed obligates you only to pay a commission if the property sells regardless of who sells it during the contract period. I hope that helps!
1 vote Thank Flag Link Fri Apr 8, 2011
Sure you can. No one can force you to sell your home. Most brokers will give you a "conditional withdrawal" which means that you cannot list the house again until the original listing agreement would have expired.
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Sun Apr 10, 2011
Yes...plain and simple, if you decide you don't want to sell, no one can make you do it...as long as you didn't sign a sales contract and it is out of attorney review....
0 votes Thank Flag Link Fri Apr 8, 2011
Hello Curiousinnj,
Thanks for your question.
You are entitled to accept the offer you want and take it off the market when you want too within certain restrictions depending on the stage of the deal. If the agreeement was signed and it is after attorney review will be harder.
If the agreement was not signed and it is only on the offer stage you can do so without penalty. You can not sell it to that person that presented the offer because he will be protected because he earned his commission by providing you a buyer.
Good luck in your decision.
Best Regards,
Ines De La Cruz
RE/MAX Connection
Web Reference: http://www.inesdelacruz.com
0 votes Thank Flag Link Fri Apr 8, 2011
It's always your perogative to accept or deny an offer and/or take your house off the market, but the broker is protected against you doing so, and then closing the deal with the buyer he/she brought to you.

Make sense? Let me know if you have any other questions.

Joseph Mancini
AVALAR Atlantic Properties
office: 856.256.1250
mobile: 856.275.6433
fax: 856.879.2024
email: Joe@landmanNJ.com
0 votes Thank Flag Link Fri Apr 8, 2011
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