Hi Steph, agree with others - the listing is the formal agreement to promote/market the home. The larger issue is whether you sellers collectively want to sell.
Other responders are right, if an offer does materialize all owners will have to sign off in agreement to the offer and so the listing could remain live and offers simply not accepted if they come up, but that seems silly. If it is clear that you do not have the agreement of all ownership parties to sell, then make that known to your agent/broker. It could make sense to withdraw the listing from the market.
The question as to your position if 2 out of 3 owners want to sell is a legal question to take to your attorney.
Good luck to you!
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If you are using a realtor, they can estimate fees based on your locality. If you are using an attorney ot title company, they will have a similar program. In my experience, none of them is exactly on the nose but reasonabley close. The cash deal only means that you won't have to sit and wait for the mortgage papers to be signed and perhaps, for the closing funds to be wired to the closing agent's account.
If you are not using either of the above, your buyer will expect a deed and afidavit of title from you (your expense) and should have title search work done and homeowners and title insurance (their expense.) While this is their expense, their need will trigger traqnsfer taxes, IRS statements (Yep, they get their cut too, sooner or later.) Get SOMEONE to tell you chapter and verse of what your responsibilities are. It's sort of like selling a car. You have to get a title from motor vehicle, etc. Lots of luck.... more
I would strongly suggest you consult an attorney in the area. If you like I can send you at least three that would be able to help you through your process . With family it is always better to seek professional council, that way they will stay family longer.... more