You the seller, always has the option of selling the home or refusing any offer made. You do not have to accept the very first offer even if it is for the asking price. The seller always has the right to decide whether they want to continue selling the house or not sell it at all, even after the realtor has put forth the efforts of marketing the house.
Here are the three stages of selling a home and here is when you can or cannot back out of selling your home:
- Listing
- The seller can back out anytime they wish
- Offer
- Seller cannot back out
- Buyer can back out
- Closing
- Nobody can back out
If in the end you really decide that you’re not ready to part with your home and decide not to sell anymore, then the real estate agent may ask for reimbursement for marketing expenses that have accrued.
What happens after you decide to break up with your real estate agent? Here’s Residencity’s advice on contract terminations: https://www.residencity.com/pick-realtor-give-you-unconditional-release/
