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Old 06-22-2005, 09:18 PM   #1 (permalink)
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Default cold feet

Hello, has anyone ever had a seller get cold feet and try to back out of the listing agreement?
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Old 06-24-2005, 06:37 PM   #2 (permalink)
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Thank goodness, no, but if you do, then I would talk to your broker before doing anything, becasue there are different ways to withdraw a listing (conditionally and un-conditionally).
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Old 06-24-2005, 06:47 PM   #3 (permalink)
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Well, unfortunatley, you do not have to usually let them out of it. A written contract is typically binding unitl it's expiration date I have never had anyne try to pull out, but I would also talk to your broker before doing anything.
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Old 07-02-2005, 01:14 PM   #4 (permalink)
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Actually it is probably better to let the seller withdraw their listing than it is to try to press the point (unless you think they have made a side deal with a buyer which is a whole other issue).

Negative publicity is usually way worse than losing a single deal. The old rule of 12 - if you get a great review at least one person hears about it. If you get a bad review at least 12 people hear of it. And do you really want to drag a seller kicking and screaming through a closing? Real estate is tough enough with the good clients - Cut bait and move on.
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Old 07-04-2005, 11:04 AM   #5 (permalink)
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VA I agree...I have had a Client try to pullout even after an accepted offer! After my letting know that they could be sewed for damamges they decided to sell!
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