obligation to current realtor?
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Anonymous
| 2 years ago we bought our house from a realtor. Current day, we are trying to buy a new house and sell the current one. The current one isn't selling (priced too high), we can't lower the price, so we'll likely sit tight until next year and try again. I'm not really happy with our current realtor, for various reasons. I feel somewhat obligated to use them next year when we try again due to the work they did this time around, for which they won't be compensated due to taking our home off the market. Would you tell them you'll be using someone else next year? Just not even bring it up and just go with someone else? I know it's business, and it isn't personal, but I feel like a jerk. |
Anonymous
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We sold one house and bought our current house using a realtor I know . was pleased with the outcome, but always though that we should have gotten more for our house we sold.
Ik now the market dictates the prices, but I still felt let down, to the tune of about 30K our current house when we sell it will be near the 1 milllion mark and fo some reason I just don't think she'd be up to the task... he primary focus seems to be TH's and condo's and not SFH's i'd feel bad about it. but you are not talking about 10-20 bucks, you're talking about significant amounts of money... |
Anonymous
| Nope. Use a new realtor. No need to break it to the current one, since it will be off the market when you list again. Business is business. |
Anonymous
Depends on how good your reasons are. If it's sitting for months because they priced it too high and did a shitty job marketing it, then by all means move on. If you're sweating it a week into the listing - or if you're faulting them for not getting a too-high price you insisted on. Then it's kind of a dick move. |
Anonymous
| People change realtors so pick the realtor you feel will do the best job. It's part of the business. Would you pick same same doctor that you didn't want to use just because you felt bad? No, you'd go with the best doctor. This isn't any different and realtors expect this will happen from time to time. |
Anonymous
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You should not feel obligated. Even if you chose the price, they agreed to take the listing with that price. It's not their fault it didn't sell, but they have to deal with the consequences of it just like you do.
It's hard to be a great realtor. You needed someone to push back harder with you on the price. That would have been a great realtor and you didn't get great. |
Anonymous
| Why aren't you happy with current realtor? You admit your house is overpriced. Why did you even put it on the market. |
Anonymous
THIS |
Anonymous
| No I wouldn't feel guilty. It's business. Especially if it's going to be a year before you end up on the market again! |
Steve
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They're going to list your house for free? Go for it! Just get the price right. |
Anonymous
No - I mean they won't be compensated this time because we didn't sell the house, so they don't get paid. Assuming we sell it next year, they'd get paid of course, thereby gettign paid, retroactively, for the work done this time around. |
Anonymous
| I really like our realtor but if I felt he wasn't up to job - I'd find someone new in a heartbeat. As they like to tell their customers - do not get emotional about buying a home. Real estate- selling our homes - for most of us, is one of the biggest financial items in our 'portfolios.' Loyalty is important at some level but recognize the cost to you. |
Anonymous
| It's called commission. Real estate is sales. You get paid when you make a sale. You need to stop worrying so much and pick the realtor you think is best. |
Anonymous
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I think the answer really depends on how much effort your realtor is putting into selling your home.
We looked into buying a townhome with pretty much identical circumstances as you described (are you the owner?) While the price was way too high, the realtor wasn't exactly doing much to market it either. Only 1 open house in 1.5 mo that on the market and not even any flyers to take home with selling points. Their agent had no idea on age of ac, roof etc. We decided to keep looking but my impression was that their agent was terrible. Just didn't appear to be putting in any effort. Now if the agent was out there holding open houses pretty frequently, making flyers etc and actively tying to get the house sold, then I'd keep the realtor. |
Anonymous
This is the risk that the realtor takes. It's part of doing business, and your realtor knows this. And this is a natural consequence. Nothing to feel guilty about if you choose a different realtor next year. If your current realtor had done his/her job well, you wouldn't be in this situation. |