Buying or Selling a Home/cancel a contract

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Expert: - 9/5/2007


Question
When a person signs a residential exclusive marketing agreement, how many days does one have to cancel, in the event they want to make a change in the agreement?

Answer
Dear Debbie;
The contract is active once it is signed and unless there is a stipulation in the agreement stating that a person has a certain amount of days to cancel, there is no contractual "out" within a certain time period.  If you are not happy with your contract, speak to your agent and ask for a revision to see if the agent will cooperate with the changes you want to make in an amendment to the contract.  However, unless there is mutual agreement, there can be no changes.  If you are really unhappy with things and want to break the contract make sure to put it in writing.  If the agent doesn't go along with it, talk to the Managing Broker, outlining your reasons to break the contract.  If you still don't get satisfaction, discuss your options with an attorney.

~Jessica Bryan

Buying or Selling a Home

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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.

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