Real Estate Agent Question

Comments(9)

• 
  JohnMerchant3rd July, 2004

  Frequently a smart agent and/or broker don't want anything to do with a disgruntled customer/client, and will honor a request for a release from a listing.
  
  Send agent a letter so stating your request, with a separate copy to the broker, and you'll probably get their cooperation in terminating listing.
  
  In some places the local Realtors' Association & MLS have specific rules requiring their members to quit on request,

• 
  gloriafisk5th July, 2004

  Thank you. I am most grateful.

• 
  Lufos5th July, 2004

  Dear Gloria, stop being gratefull. Before you fire this rogue for daring to high list. Call him in and talk to him. Tell him you are about to terminate him for cause. Listing too high, my thats a new one.
  Explain your position if he is on full commission consider fire him. Find one that will bargain for less. Most of us do. Remember this person may have discarded several buyers who wanted to buy but the price was too high.
  
  Frankly on todays market with a little bluster a bunch of pamphlets to distribute over the neighborhood you should be able to sell it yourself. I have on occasion on a cheapy go into the pub at the corner and announced One free drink per person and hand out the pamphlets. Just a thought. Of course you could do it in Church but most of the Fathers I have met would consider this a return of the money lenders to the temple. Enjoy Gloria, its a fun thing. I have even sold properties without a commission but accompanyment was full violins and a great amount of sobbing. The story of the lost husband really broke me down. Of course it was some time latter I found out that she had never been married and that the love of her life had tatoos and was while femine certainly not a lady.
  
  Cheers Lucius

• 
  active_re_investor5th July, 2004

  Are you saying you are happy with the agents service other then the price was set too high? Have you considered lowering the price to what you feel is more realistic.
  
  BTW - Before changing the price check the comps. If you set a new price try to pick a price that will move the property rather then just lower it a certain amount.
  
  John
  [addsig]

• 
  gloriafisk5th July, 2004

  thanks. yes. i spoke to him and he told me that he had sold all of his other listings but mine. this was after 6 months. he said that he and his broker beleived that the price was right and i told him what i would accept and told him to call me with any offer. that was over 3 months ago and i haven't heard from him . the only reason i listed it was because i am on the east coast and the prop. is on the west coast. i think i want to run an ad in thier local newspaper and see if i can get any offers. i am trying to determine if i can do that while under this agreement.

• 
  cheryllopez7th July, 2004

  GLORIA --
  
  Here is your quote: "he said that he and his broker believed that the price was right and I told him what I would accept and told him to call me with any offer"
  
  This agent has a broker. Contact the broker. You will be talking yourself blue in the face with this agent. Of course he does not want to loose a listing. But the broker calls the shots !
  
  Tell the broker you are dissatified on that no offers have been produced by the agent, lack of professional follow-up, lack of professional communication with the listing agent.
  
  Demand to see written print outs of actual solds, actives, expireds, withdrawns for activity during the past 3 months that your property has been on the market.
  
  Ask for your property flyer. Copy of your property MLS print out. Even have one of your friends or relatives pose as a "buyer" and call this agent and see how & what is said about your property.
  
  After receiving the market info, review it, study it. If you see prices that do not support with that real estate office is telling you ... then call the broker back and demand action on their part.
  
  Lower price, cut their commission, or call the local board and complain. A board rep will have to call (which the agent & broker will not like).
  
  That whole situation sounds odd. Most agents want a seller wants to drop the price after 3 months on market. Usually the policy is after 1-2 months ... the price should be lowered.
  
  Good Luck,
  Cheryl Lopez
  
  [ Edited by cheryllopez on Date 07/07/2004 ][ Edited by cheryllopez on Date 07/07/2004 ]

• 
  gloriafisk8th July, 2004

  Great advice from all. Thanks!

• 
  kenmax8th July, 2004

  i have had no problem in the past, i just ask them to lower the price and they do but that is also determined by the relationship you have with your agent....kenmax

• 
  mparsons25th December, 2004

  Most agents I know would love to get a quick sale for a few pennies less in commission rather than drag it out in months. It sounds like this agent is truely trying to get top dollar for you. The problem seems to be lack of communication(3 months ago you talked). Communication goes a long way. If there are no other problems with the agent other than the house not being sold yet and being high priced, give him or her a call and ask them to reduce the price to something that will sell within 20 days. Let them know that time is more important than dollars to you. I'm sure they will respect that and get it done no problem. Good Luck