Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Listing agreement legalities
Hey everyone, I have my first listing agreement set to expire in about 2 weeks. We’ve had a contract in place, but the buyer has backed out twice. He says he’s needing more time for his funding source to come through. I’ve told my agent that I’m not pushing the closing date again. This person was already dishonest by saying he had the funds initially. Now the realtor says that since he has to relist it (which it should have been put in pending status instead of sold status imo) that I would need to sign another 6 month listing agreement. I want out of this contract with no legal battle. By saying I’m walking away from this offer because he’s postponed closing twice, and the realtor still having two weeks in the original listing agreement, what are my options? Can I not sign anything and wait out the two weeks?