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Can I cancel listing agreement if I don’t want to sell?
we signed an agreement to sell, our rental property, with the understanding that the market would be such that there would be multiple competing offers and could be for above listing price. it has only been a few weeks, but we haven’t even gotten a offer for full listing price. So we would like to go back to just renting out the property. Can we cancel the listing agreement?
Asked By Tamrah | Glendora, CA | 92 views | Working With An Agent | 2 months ago
Answer(2)
Julianne Clark / Your Lowcountry Realtor
Charter One Realty
Talk to your agent. You should be able to cancel your listing contract. Keep in mind -- there may be a fee to do so to cover marketing expenses and such. It all depends on what you agreed to. The real estate market is changing all over the country from where it was 2 years ago. So is the rental market -- long and short term. Make sure that you are comfortable hanging onto the property if it continues to evolve.
- 2 months ago
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Tom Matthews
Gibson Sotheby's International Realty
Not unilaterally and you must speak with your agent. I have been in real estate for over 22 years and if I were in this situation I would ask you, the client, to reimburse me for the marketing and then I would agree to cancel the contract. Other than the last 3-5 years, it historically would take 90 to 180 days to secure an offer on a home so a few weeks feels like a long time, but really is not that big of a deal. This is a discussion and one that should be very easily worked out. Concord, MA real estate
- 2 months ago
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