Call your agent and speak with them about the situation. In Georgia you just notify your agent that you would like to withdraw your home from the market and it is done., It is most likely the same in FLa.... more
Oh my this statement scares me...... you signed and initialed a BUNCH OF PAPERS ---- you better know what you signed and what the terms are..... furthermore it seems to me that you are saying that you are selling...... Earnest money when buying, when selling, you want to get an offer from a buyer and have the buyer present initial earnest money with the offer, and then within the contract terms raise that to a higher agreed upon amount????
If you are selling or buying you better be doing it with an experienced Realtor on your side, whether you are the seller or the buyer, one who just works on YOUR behalf...... And who will explain the terms
in the contract papers, which are legal documents if and when fully signed, initialed and executed by both parties...... those you called a bunch of papers.....
Please do not do this on your own,so that you have an experienced professional on your side to
not only guide you through the paperwork, but also explain all that is involved in detail to YOU.
Good Luck to you...
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties, 30 Green Bay Rd, Winnetka, Illinois 60093 ---- EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com Check out my website at htttp://www.tinyurl.com/MeetEdithHere
get to know me better and learn about my experience, expertise, services available and letters of recommendation of former clients..... Also you can sign up on my site to search for properties in my expanded service area. HAVE THE MOST WONDERFUL DAY :)... more
Hi Baseball 1............(ok, I just have to say this - GO YANKEES !)
To answer your question simply, Yes....of course you can back out of a contract if you have decided not to sell. I can't imagine any listing contract that would force you to sell your home, but as others have mentioned, you need to read your listing agreement, especially the small print!
I have had sellers decide not to sell...maybe they saw that they weren't getting the price they hoped for......maybe their personal situation changed. Whatever it is...they had the right to withdraw from the market. You don't need to play any games like dan suggested - just be upfront.
What you can't do, however, is list with another company or sell the home to anyone during the remainder of the listing period. If you did sell, the brokerage would be entitled to the full commission. But, if you truly don't want to sell, then this won't be an issue.
Certainly no one will force you to sell your home if you've changed your mind..............I had a seller withdraw after only 3 weeks, and after I had already spent several hundred dollars (out of pocket) for intial markeitng items..but.....it happens......no big deal................on to the next listing!!
By the way, my company would never charge a "withdrawl fee"....hope yours deosn't, either!
Prudential NJ Properties... more
Cathy... it all depends on the person. I am just honest with everyone. I tell them what I see as the potential issues they may face.
In this market, there's so much inventory, marketing will be a real challenge for the FSBO without an agent. But, if someone already knows who they want to sell to (a business associate, a friend, etc.) maybe it will work. If the sellers really knows their way around the process; and gets competent legal advice, it will probably be OK. Closings are hard, even if you do everything right these days. But, forget all of that... in my area, people hire mechanics to change their oil, cleaners to clean their home, take their clothes to the laundry, have a nanny for their kids, etc. etc. If they don't want to be hassled with that, what makes them even CONSIDER selling a house on their own? It's surely one of the largest transactions of their lives. Would they do surgery on themselves? In some cases ( like in this market), that's the risk level when people who don't know the deal are trying to sell their own homes.... more