Asked by Bob, Central Lawrenceville, Pittsburgh, PA • Wed Feb 4, 2009
Here is a situation - I spoke with a homeowner during the summer of 2008 about purchasing their house. They did not have it listed at that point. Talks stalled for various reasons and they ended up listing the house with a Realtor. The contract with the Realtor expires in a month or so, but the homeowner claims there is a clause in their contract which restricts their ability to sell for an additional 60 days. Supposedly, they can stil sell the house, but the agent who listed the house will get the commission. I am possibly interested in the house now, but I'd like to avoid using a Realtor (don't take offense, I can just do this on my own and save a lot of money - the seller will discount his house the commission). Because of interest rate fluctuations, I'd rather not wait that additional 60 days. Can anyone shed light on this contractual clause? Is this common? Can we get around it because we spoke to the homeowner way before it was listed? Thanks for your imput.
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