All Forum Posts by: Ross Murphy

@Tim W. Thanks for the info.

@Pamela Sandberg Thanks. I suggested we change it to 90 days. Instead the agent amended the agreement to include verbiage that gives me the right to cancel at any time with a simple email and no penalty. I guess this seems fine. Not looking to get out of paying a commission, just wanting to make sure if it doesn’t sell for what I want in 90 days, I can re-lease it without having to pay a commission other than the small fee they charge for placing the tennant.

@Bob Okenwa Thank You.

@Colleen F. Thank You

@Whitney Bowling Thank You for the input.

Looking to sell a rental property of mine in Phoenix. I have had the property for 4 years and lived in it for the first year and a half. I have enlisted the help of an agent that works for the property manager I have used for the house. He seems very knowledgeable, experienced, and seems to have a good grasp on the area. We have talked in length about a good list price as well as the worst case scenario. I have made it clear that if I can’t get the minimum I would accept for the property, within 90 days on the market, I would just want to rent it out again. I have never had an issue finding tenants and I have always cash flowed on the house.

Now to my questions. The agent sent over the listing agreement. My first concern is that the agreement is for 6 months. Is this typical? Should I be concerned? When I brought it up, the agent just said it was standard and that it wouldn’t be an issue renting it back out in 90 days if I can’t get what want. Does anybody have any tips on listing agreements in general? Things I should look out for? Or just general advise for an out of state investor selling my first rental property? Thanks in advance. Yeah

Looking to sell a rental property of mine in Phoenix. I have had the property for 4 years and lived in it for the first year and a half. I have enlisted the help of an agent that works for the property manager I have used for the house. He seems very knowledgeable, experienced, and seems to have a good grasp on the area. We have talked in length about a good list price as well as the worst case scenario. I have made it clear that if I can’t get the minimum I would accept for the property, within 90 days on the market, I would just want to rent it out again. I have never had an issue finding tenants and I have always cash flowed on the house.

Now to my questions. The agent sent over the listing agreement. My first concern is that the agreement is for 6 months. Is this typical? Should I be concerned? When I brought it up, the agent just said it was standard and that it wouldn’t be an issue renting it back out in 90 days if I can’t get what want. Does anybody have any tips on listing agreements in general? Things I should look out for? Or just general advise for an out of state investor selling my first rental property? Thanks in advance. Yeah