[5-DayForum] Good Evening.. I Have A Question To Ask..

[Bill Effros]

John,

Use the 5-Day Method.  Sell the home for 1 dollar less than the broker's 
listing price if the price gets that high.  (It probably won't.)

Bill Effros


John Billington wrote:
> April 29, 2007
>  
> Several months ago my wife and I signed a listing agreement with a 
> Real Estate Broker and our home has been sitting on the market for 2 
> months with no offers after 2 months.
>  
> We have had showings..  Now I bought this book:  Bill Effros "How To 
> Sell Your Home in 5 Days."   Indeed I have buyers remorse. 
>  
> Contained in the listing agreement that both my wife and I signed 
> allows for both of us either "Sellers or Brokeer may cancel this 
> contract at any time with a minimum of one (1) day written notice to 
> the other party."
>  
> Also in the Listing Contract there is a written provision that states 
> as follows:  "Broker's Fee if Sale Does Not Occur"... 
>  
> "Seller will pay Broker's Fee if a ready, willing and able buyer is 
> found by Broker or by anyone, including Seller.  A willing buyer is 
> one who will pay the listed price or more for the property, or one who 
> has submitted an offer accepted by Seller."
>  
> My question is if we cancel our "Listing Contract Exclusive Right To 
> Sell Contract" and then advertise our home under ths "Sell Your Home 
> in 5 Days" that produces an acceptable offer to us..  Are we still 
> obligated to pay our existing broker.. even if we give written notice 
> of cancellation of this agreement? 
>  
> Suppose the offer we get is less than our current listed price now..???
>  
> I hope to hear from someone in my conflicted and frustrating 
> position..  Thanks..
>  
> John Billington
>  
> Email:   jnbsr01 at yahoo.com
>
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>
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