Home Selling in Covington>Question Details

Msgacat, Other/Just Looking in Covington, GA

What happens if I decide not to sell my home, after listing it for approx a month? Must I pay a commission?

Asked by Msgacat, Covington, GA Sun Apr 12, 2009

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5
M
I would discuss your questions with your Realtor. Most Realtors rely on referrals to stay in business, so most will want to make this a win-win situation. See what options you two can develop.
1 vote Thank Flag Link Mon Apr 13, 2009
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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Depends on the terms of the contract, read it.

Hank
1 vote Thank Flag Link Mon Apr 13, 2009
I recommend that you read your listing agreement and contact your listing agent with this question.
1 vote Thank Flag Link Sun Apr 12, 2009
First option would be to read your listing agreement most agents use the standard MLS or FMLS Listing paperwork. You should have a copy from the agent when the house was listed. Both of the local MLS companies do charge a fee to withdraw the home in addition to any fees the company would charge however if you are transferring to another agent the fee is not charged by MLS. Secondly be honest with your agent about the reason you want to withdraw your home try to see if he or she can work out the concerns that you have. Todays market is the most difficult market I have been involved with in the 26 years I have been an agent. It is hard for a Seller to compete with REO and Short Sale listings.
0 votes Thank Flag Link Wed Dec 1, 2010
You should read your listing agreement, it may have a penalty built in. If it is silent, you'll need to talk to your agent.
0 votes Thank Flag Link Sun Apr 12, 2009
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