It depends on the terms of your listing contract. If it's an "exclusive right to sell" contract, then you owe a commission regardless of who brings the buyer.
If your listing contract is an "exclusive agency" or "open listing" contract, then you will not owe a commission unless the listing agent is the procuring cause of the sale. Procuring cause may mean the agent finds the buyer, shows the house, and writes the purchase agreement, or it may mean the buyer drives by the house, sees the agent's sign in the yard, and stops to talk to you about it. On the other hand, if a buddy of yours hears you're selling and makes you an offer, the agent is no longer a procuring cause.
I would suggest it's worth paying the commission, if only to be sure all the details of the sale are handled correctly and that your best interests are represented. Working through an agent ensures someone familiar with the process is on your side... if you handle the sale yourself, you might miss some of the more subtle nuances of the deal.... more
Several factors come into play in addressing your issue. How many bedrooms does your home currently have? If the home has lets say, two bedrooms, it may be beneficial to add a 3rd bedroom in the basement. When you state "walk through" basement are you implying your basement is a walkout basement? If this is the case, appraisers tend to give more value to walk out basements, as it has more value than a traditional basement.
I would recommend consulting a REALTOR to view your home to better determine which could potentially offer you a quicker sale and/or higher proceeds from your sale.
If you'd like to provide me with more information, I would be happy to assist you. I'm very familar with Lawrence Township and I've listed and sold several homes in this area.
Century 21 Diversified
317-590-3434 direct... more
first of all your question is really confusing. it appears that you have an accepted purchase agreement but the buyer wants to back out. is that correct? if so, there shouldn't be any reason why you can't change the status in the BLC to "activeB" instead of "pending". has your listing contract expired? unless you have "closed" on the property or the listing has "expired" the listing is still available for anyone to see in the BLC system. you should contact the managing broker at the listing brokerage to change the status. even if the buyer backs out of the deal it doesn't mean you get to keep the earnest money.... more