Do we have to pay realtor fees once the realty contract ends?
We had accepted offers on each other’s house, appraisals came back to low from the lender. One party can afford to go lower, the other cannot because of the realtor fees. (appraisals were approx 12k low). Contract w/ the realtor ends in 2 weeks, can we just switch to fsbo and buy each other’s houses at the appraised amounts and exclude the realtor?
More than likely you signed a contract with the real estate company to list the house. You will notice that there is a time period, typically six months, in which you are still obligated to the contract for any offers resulting for the time in which the listing contract was active.
You are better off trying to work out a solution with the agents already involved. Sometime when everybody gives up a little everyone wins.
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