Yellow letter to Withdrawn listing

[Jim Robinson]

Hi Everyone,

So I'm looking into buying my first house in the coming months in the suburban Philadelphia area. A property I have been watching (waiting for the list price to drop) was just withdrawn from the MLS. So i was thinking about writing a yellow letter to the owner and seeing if they are interested in selling the property without a realtor...

Essentially I am trying to eliminate the realtor's commission so the buyer can save some money and ultimately I can get a better deal. My uncle is a realtor so I'm sure he could write up a contract for me if it ends up working out. 

I was wondering what I would watch out for? Do I have to wait for contracts to expire with the realtor? Is there a specific way I should word the letter?

Really appreciate any insight! Thanks so much!

Jim 

[Christopher Phillips]

Jim Robinson a withdrawn listing usually caries a length of time when the seller would still pay commission to the listing agent if a buyer presents an offer. Most withdrawals are due to the seller not wanting to sell at the moment. So the withdrawal time frame is to cover them if they change their minds.

Agents don't draw up contracts, lawyers do. You would need a lawyer. Although some states allow boiler plate agreements to be used in a private sale, most of the time the seller's lawyer is drawing up the contract.

Since the seller is paying the commission, it shouldn't matter to you if they use an agent or not.