Thanks to everyone for your great input.
Elevatorman - I'm not sure you understood. If we can get out of the contract, we will be selling for $5000 MORE than we would if we were to stay with the realtor and have to pay the full 6%.
I don't understand how everyone is thinking the buyer pays the realtor. WE have to pay our realtor out of our proceeds. That's why I'm thinking we should offer her 1/6 of whatever she would get if we sell for the full list price. That could come out of the $5000, so we would not clear quite the $5000 like I had initially posted.
We're thinking we will contact the realtor tomorrow and explain the situation to her. We're also hoping that if we offer her more than the 1/6 she will handle the paperwork for us. After all, she didn't find these people.
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Greg
A pessimist is an optimist with experience.
"In my many years I have come to a conclusion that one useless man is a shame, two is a law firm and three or more is a congress." - John Adams
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