What if a Buyer is not found after reasonable efforts over a reasonable period of time?
If after a reasonable amount of time the home seller is not comfortable with the market response to the START2CLOSING sales strategy, then the home seller can simply switch back to the traditional home seller method (i.e., establish a real estate broker partnership, sign a listing agreement with a real estate broker, market the home with the real estate broker, eventually identify a buyer and sign an Offer to Purchase Contract, and then the closing attorney will step back into an active role with the home seller to perform the customary legal services for the closing.) Under the circumstances the home seller will not owe the 2% fee to the lawyer pursuant to the START2CLOSING involvement because the home seller will be obligated to pay the real estate broker a customary sales commission and pay the closing attorney a customary attorney closing fee.
