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Buying or Selling a Home/selling home after using a real estate agent

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Expert: - 9/8/2006


Question
I am going to try to sell my house after using a real estate agent. My contract has expired, and I was wondering if I would be free and clear not to have to pay any commission.

Answer
Dear Eileen;
I suggest that you re-read your listing agreeement.  There is usually a clause that says that after the contract expires if you sell the home to someone who saw the listing during the time it was with this agent then you still owe the agent the commission for a certain amount of time after the contract expires (usually 60 days.)  If the buyer is someone who didn't see the home while it was listed then you are of course free to sell it without paying any commission.  

~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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