One of the calls I received this week was from someone asking how to get out of a listing. I asked why he needed this information. That's not a question I want to answer.
If someone is under a listing contract with an agent, another agent should not be giving out this information. Most of these calls are from sellers who have not been happy with their agent because their house has not sold...for whatever the reason.
It could be overpriced, it could be lack of marketing it could be not easily accessible, it could be restricted showings, it could be a home that was in need of de-cluttering and or deferred maintenance or it could be a very unique property that has not found the right buyer.
It could even be a seller falling back in love with the house and deciding not to sell.
Back to his question, I asked why the need for canceling.
It was a condo that he was selling for a relative and the price had been drastically reduced. He and his wife decided to move into that same condo and pay rent. It sounded like a good idea but he figured he was bound by the listing contract.
When you need this kind of answer go back to your listing agreement and read the terms. There are starting dates, ending dates and a provision for termination.
My suggestion...call your agent and explain that you are moving into the condo and are no longer interested in selling. Just be upfront. This is the simple honest answer. Situations do change.
Seller's remorse does happen.
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