You are here:

Buying or Selling a Home/Terminating Sales Agreement

Advertisement

Expert: - 2/13/2009


Question
My husband and I signed a very long sales agreement with an agent. At the time, we did not know that we could request a specific time like 3 months or less. If we wanted to take the house off the market because it is not selling and have it leased through a different agent, is that possible? I looked at the Seller's Agreement and it says nothing about not being able to lease it. Do I need to have a termination of contract if the expiration date on the seller's agreement has not terminated yet? Would it be a problem if I hired someone else to lease out my property?

Answer
Dear Helen;
Unless the agreement states that you cannot take it off the market then you can do so.  As for leasing, I would discuss this with the agent and tell them what you are planning to do.  Chances are the agent will be fine with it since most residential sales agents are not leasing agents.

Jessica Bryan

Buying or Selling a Home

All Answers

Answers by Expert:

Ask Experts

Volunteer

Jessica Bryan

Expertise

buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.

Experience

Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.

©2012 About.com, a part of The New York Times Company. All rights reserved.