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My bad. I should have guessed this board would be filled with realtors eager to protect themselves and their commissions.
We can drop her after 3 months. Why should I pay her 30K for doing nothing to sell my house to my friend?
Because you said you would? Is your word worth anything? In other news, you might want her to handle the transaction in any case. Is your buyer even qualified? Will there be home inspection issues to be negotiated? Are there financing issues to be worked out?. Friends buying houses from friends can be a nightmare. If the friend does an appraisal, which the friend's lawyer will probably recommend, are you prepared to deal with a lower number than your sale price? Million other things. The commission is not earned from finding the buyer, it is earned for CLOSING THE DEAL. Most of that comes after finding the buyer.
My bad. I should have guessed this board would be filled with realtors eager to protect themselves and their commissions.
We can drop her after 3 months. Why should I pay her 30K for doing nothing to sell my house to my friend?
This, in itself, is evidence of your intent to violate the contract you signed. Don't be surprised if fraud later enters into a legal discussion regarding your pre-planned action.
Can OP tell her friend: "Hey, friend, if the house doesn't sell after 3 months listing period is over, I'll sell it to you as a FSBO."
?
Quote:
Originally Posted by jghorton
This, in itself, is evidence of your intent to violate the contract you signed. Don't be surprised if fraud later enters into a legal discussion regarding your pre-planned action.
If your contract states you owe commissions, then you owe them.
If you sell to friend during period and don't pay commissions you risk being sued.
If you tell friend to wait 3 months, but agent gets an offer before then, and you accept it, you risk being sued by friend. If you turn down a full price offer with no contingencies that agent presents you most likely owe commission to agent since most real estate contracts are set up to pay agent for doing their job bringing you asking price. If you turn down an agent's offer, you risk having your friends offer less or not qualify, and now you've just screwed yourself out of a sale.
Talk to your agent, and tell them the situation. Ask if they'd handle the deal for a reduced commission since you found buyer. Be honest and a person of their word, not someone that is trying to screw someone else due to being greedy.
This, in itself, is evidence of your intent to violate the contract you signed. Don't be surprised if fraud later enters into a legal discussion regarding your pre-planned action.
All it takes is talking a little too much, more like bragging.............
Quote:
Originally Posted by Spottednikes
If your contract states you owe commissions, then you owe them.
If you sell to friend during period and don't pay commissions you risk being sued.
If you tell friend to wait 3 months, but agent gets an offer before then, and you accept it, you risk being sued by friend. If you turn down a full price offer with no contingencies that agent presents you most likely owe commission to agent since most real estate contracts are set up to pay agent for doing their job bringing you asking price. If you turn down an agent's offer, you risk having your friends offer less or not qualify, and now you've just screwed yourself out of a sale.
Talk to your agent, and tell them the situation. Ask if they'd handle the deal for a reduced commission since you found buyer. Be honest and a person of their word, not someone that is trying to screw someone else due to being greedy.
I think honesty is the best policy, but then again, we are talking about someone that wants to backout of a contract that they signed and when brought to their attention, attack everyone that has responded about the contract relationship between a seller and an agent.
Maybe this is as much of a spoof as the other quoted comments from the OP on "other" subjects and if not, that constant burning "down there" from the taco sauce would probably cause many of us to be irritable!
You know, things like that should be mandatory disclosures before a person signs a contract with anyone, so they know what they are getting into. People who take cost cutting to such an extreme are apparently likely to assume they can ignore the contractual provisions they agreed to, as long as they save money by doing so.
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