Home Selling in Eustace>Question Details

Laura, Home Seller in Texas

If I decide I don't want to sell my house do I still have to pay agent?

Asked by Laura, Texas Tue Feb 3, 2009

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You should check your listing agreement carefully. Most agreements will allow for a penalty for withdrawing the listing prior to the end of the contract. These terms should be spelled out clearly in your document.
0 votes Thank Flag Link Wed Feb 4, 2009
If a buyer is ready, willing, and able to purchase your home at the listed price, your listing broker has done his or her job. However, you do not have to sell your home at any price. Keep an open line of communication with your listing agent and if you do not understand any aspects of the home selling process, contact an attorney.
Real estate agents are not authorized to practice law. The best agents are there for life not just one transaction.
0 votes Thank Flag Link Tue Feb 3, 2009
You should talk to your agent and discuss your options and explain why you do not want to sell. Most agents are willing to work with you if you have just cause.
0 votes Thank Flag Link Tue Feb 3, 2009
Hi Laura,
I agree with Boyenga Team, however you did sign a listing agreement.
Listing agreements have expiration date, and if the home seller wants to withdraw prior to end of that listing agreement, than there could be a cancellation fee involved; or the agent might exercises their right to continue to market your property until the end of your agreed listing time.
You are not giving much information in regards to your reason/situation, but if that agent brought a willing and able buyer ,the agent then can exercise his/her right to collect commission if you did not accept that offer and decided not to sell.
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0 votes Thank Flag Link Tue Feb 3, 2009
You are not required to pay the agent, but if he/she did good job marketing your home, as well as putting in many hours attempting selling the property, it may be nice to be given some type of affirmation. Whether a gift or just a thank you, as well as letting the agent know that when you do sell your home, that you will you use him/her.
If the agent did not represent you properly and you feel that the job was unsatisfactory, then just a thank you for your the time would be sufficient. Then you can interviewing other agents. Good Luck!
0 votes Thank Flag Link Tue Feb 3, 2009
Review the listing agreement there could be a small fee for listing service however no you dont GREAT QUESTION. HOWEVER if you have an executed agreement both parties have passed option period confer with listing agent regarding seller non performance of contract.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Tue Feb 3, 2009
Of course not. They didn't do what you were going to pay them to do.

But you DO need to send them a couple referrals...
0 votes Thank Flag Link Tue Feb 3, 2009
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