Length of time it takes to sell a home is not usually a factor. It is best to read the contract you have agreed to so you have a thorough understanding.
Hi Sarah! I am a Realtor in Michigan. A typical exclusive right to sell contract usually dicates that the brokerage is owed a commission for the sale of the property no matter who purchases it. In a typical exclusive agency listing contract the brokerage is owed a commission IF they bring a buyer. There are also one party listing agreements that are common among "for sale by owners" that are dealing with a buyer agent; in these the commission is negotiated before the offer is presented. The speed of the sale is not relevant in determining if a broker is owed a commission unless the contract has expired. I hope this helps answer your question. Make today great!
You're ready for a bigger home, but you're stuck in a catch-22. If you sell first, you might end up scrambling to find temporary housing while your family lives out of boxes. If you buy first, you could be stuck carrying two mortgages while your current home sits on the market longer than expected. Meanwhile, the market does not wait for you to