Hi Vicky, Experience in Real Estate is the most important quality, you want the agent to be able to guide you through the selling process, explain the listing process, estimate your net given a certain sells price, give you suggestions on getting your home ready, keep your best interest in mind when negotiating, and keep everyone (Title, Mortgage, other Agent) focused to a successful close. Real estate is different in every state, but I hope this helps. Rosalind Rivera, Realty One Group AZ... more
If you are in contract you should be talking to your Agent or Lawyer
who is representing you.
Nothing prevents you from back in to your home.
But its unlikely that you can cancel the contract.
You likely can refuse to negotiate further with the bank as things progress
and eventually foreclose or do a loan modification.
It all depends on your circumstance.
This is a great question. There are closing costs that both the buyer and seller are responsible for. Generally speaking, the closing costs that a purchaser would incur are approximately 3% of the sales price. The sellers fees are related to grantors tax, settlement fees etc. What's negotiable are what you agree to pay the buyer in terms of their closing costs, and possibly one or two of the settlement fees.
Did the agent you spoke to provide a sellers net sheet? Since your home does not have an offer, this is a very rough estimate of the fees that you'll incur and what you may or may not receive in proceeds.
Please feel free to contact me. I'd be happy to show you not only what your home might sell for but provide you with an estimate of the fees you're required to pay.... more