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Old 03-12-2010, 02:24 PM
 
1 posts, read 1,373 times
Reputation: 10

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My contract with the realtor expires April 30, 2010. When I put my house on the market I thought I would be able to find what I was looking for in my price range. There were so many places that looked good in the ads but each one turned out to be absolutely horrible! I only showed my house twice and was hoping the contract would just run out and I wouldn't have to worry about it. However, someone has looked at my house and is interested. I don't want to move now. How do I handle this? My contract makes no mention of terminating or of penalties for pulling my house off the market.
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Old 03-12-2010, 03:02 PM
 
Location: Sterling, VA
1,059 posts, read 2,620,218 times
Reputation: 613
For you to owe a commission to the listing broker (unless the terms of the listing agreement were modified) your agent must bring a ready, willing, and able buyer and a written offer. Expressing interest is not an offer to buy. If this has not happened yet, call the listing broker and tell him/her you want to withdraw your house from the market. Follow this up with an email documenting the conversation and ask for the withdrawal form so you can sign it right away.
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Old 03-12-2010, 03:04 PM
 
216 posts, read 558,509 times
Reputation: 50
You are no obligation to accept any offer, so if you don't want to sell, just reject the offer and wait for the listing agreement to expire.
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Old 03-12-2010, 03:15 PM
 
Location: Sterling, VA
1,059 posts, read 2,620,218 times
Reputation: 613
No, you are not obligated to accept an offer. But, as I stated earlier, if you receive a full price offer from someone who is able to qualify for a loan to buy or can pay cash, you will owe a commission to the listing broker. Very dangerous to just let the listing expire, it could cost you a lot of money.
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