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My listing agreement with my agent is coming to the end date. I want to play it by ear and do shorter extensions. No surprise, the agent sent the extension with the dates filled in for a longer period of time than I agreed upon.
What is the shortest and longest extension you have done?
My listing agreement with my agent is coming to the end date. I want to play it by ear and do shorter extensions. No surprise, the agent sent the extension with the dates filled in for a longer period of time than I agreed upon.
What is the shortest and longest extension you have done?
Are you happy with how they are doing? If so, I think 3 months would be a shorter but acceptable extension.
We foolishly signed a 1 year extension with our buyers agent and I'm wishing we hadn't but they showed us the short sale we wanted and we are under contract. However if it falls through for any reason we will still have over 6 months with the same agent. We already decided that if the sale does fall through, so does looking for a new house until our current contract is over and we can find new representation.
Listing agreements.
Usually 6 months, but shorter extensions are possible. As DogLuvr says, are you happy with the efforts, and the counsel you have received so far? If your winter has been as rough as it seems from the news, a failure to sell over the winter may be understandable, but generally, are you happy with the efforts?
Buyers agency agreements?
Never hesitate to sign a one year agreement. It is not a problem if you never sign a buyers agency agreement that does not allow you to terminate at any time prior to Offer/Contract, for any reason.
I'd go with 90 days extension. In a few more weeks the snow storms will let up, you'll be getting into prime spring looking/buying period. if your home is priced right, you should be seeing enough activity to get a contract.
Also ask yourself why it didn't sell during the previous listing period. Were you overpriced, did you list in early December, just when the almost b-weekly snow storms were starting ? Based upon potential buyer feedback, does your home need anything done to it to make it more marketable ? If necessary take care of repairs, do a price adjustment if needed, then relist for a reasonable amount of time. Good luck
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