Skip to main content

Possible to back out of Exclusive Right to List Contract if errors and go FSBO?

We signed an Exclusive Right to List contract with a realtor 2 months ago, but he said we had to do some repairs before putting the house for sale. He found us a handyman but he took over a month to do a few (poorly done) repairs. By coincidence, an interested couple wants to buy our house, and they are even representing themselves. We've even agreed on a price and they've showed lender assurance. They want to submit an offer, and then we'd go over the contract with a real estate lawyer.

The term of the signed Exclusive Right to List contract was filled out incorrectly--it has the end of the term being Jan 2020, instead of Jan 2021 (and no start date). Since the term of the contract is wrong, does that void the whole contract? Would we be to back out to pursue this offer?

Hopefully this isn't too convoluted. Appreciate any and all advice!

submitted by /u/ilackincreativity
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/j2zwqn/possible_to_back_out_of_exclusive_right_to_list/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more