Listing contracts can often vary, so you need to obtain and read a copy of the agreement to know for sure. My contract doesnâ€™t prohibit a seller from selling the property, whether itâ€™s on their own (FSBO) or if they chose to list with another agent. They have the right to do either the day the agreement expires. It does state that if you chose to sell it on your own and anyone whom I introduced to the property during the period of the contract approaches you within the first 90 days of expiration you agree to refer that inquiry back to me. In the event a seller does not adhere to this clause, I would still be due a success fee for the sale. The purpose of this clause is to not have a seller purposely cut us, as agents, out of the transaction in order to save money on the real estate fee, as sellers have been known to make side agreements with buyers for after a listing contract expires.
Melissa Mancini, Realtor, CBR, GRI
Melissa has put the information very clearly for you - and she has outlined what you should do if one of her buyers returns.
I will ask you a question: Why are you taking a step back? Going FSBO after listing could damage the momentum you've been building up to this point....
Have you discussed this with your agent? If he/she knows your line of thinking the door will be open for re-evaluation and reinvigorating your marketing plans.
Give it a chance - before you do the proverbial one step forward two step back shuffle.
Other than that, you can sell your home to anyone not introduced to the home by your agent during your listing contract. The legal term for this implied agreement is "procuring cause".
Keep in mind though, most listings do not sell. There is still a nine month supply of inventory and you have to not only be a compelling home but a compelling value to ensure a sale. Thats not bad news or good news, just business. And it greatly decreases your chance to sell by going for sale by owner. Plus, you're still going to wind up paying a buyers agent commission, so you'll most likely only save half on commission.