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When It’s Time to Break Up with Your Realtor

Posted on: September 3rd, 2016 by , No Comments

Realtor

Ending a relationship with a Realtor is never easy when you’re not on the same page. Whether it is business or personal.

A Realtor relationship with a client is both in most cases. Maybe you pick a real estate agent to sell your Denver home for the worst reason – they “guaranteed” a sky high price, they’re your brother in law’s friend or they offered the lowest commission rate. Now your home has now been sitting on the market for so long that you’re regretting ever having made the decision to sell and it’s the dead of winter in December in Colorado.

Since you signed a listing agreement and made a strong friendship with your agent, it’s a bit more difficult to break up at this point. Many agents will let you out of the agreement if you’re dissatisfied, but you might be forced to wait for the contract to end. An agent gets a commission no matter what your house sells for. Look out for these things to get a healthy relationship and results for the next agent you find.

1. They “go ghost” on you

Times have changed and it’s pretty hard to get around not being able to get a hold of someone. Nowadays it must be a real emergency if you couldn’t respond promptly to a text message. “If you are stressing out to get a hold of your agent, then that is a big problem,” says Bethany S., a seller who had a bad agent experience in Arvada, CO, “No one is too busy not to reply to a text. It felt like they had no concern for my property because they were helping clients that were more important.”

2. Darkness is not your ally

This is the biggest asset you will ever sell and your agent doesn’t let you know what’s going on? If the agent only calls you to say, “We got no offers yet” or “I think it’s time we consider adjusting our price for more buyers.” There’s a lot more to selling a house than just getting offers. That’s why it’s a process. We suggest you should hear from your Realtor 2-3 times a week at the very minimum. Even if it’s a 5min call or short text letting you know all activity going on so nothing slips through the cracks.

3. You could of done a better job

Marketing is the most important part of letting the world know about your house. You hire a real estate agent to market your home well. The internet will be the first impression people will have from video walk throughs and photos. If your agent didn’t stage your home properly or used their phone to take photos, your home will pale in comparison with other houses potential buyers are seeing. “90% of home buyers searched online during their home buying process” according the Realtor.com in their study titled “The Digital House Hunt”. If you feel like you could of done a better job, that’s a problem.

4. Your house is a secret

More goes into selling a house than just posting it on Craigslist or Zillow and the multiple listing service (MLS). Great agents have marketing plans, a budget and a proven system to getting your house sold. Do they have a good internet marketing plan? Are they going to send at least 500-1000 “just listed” cards in the neighborhood? Do they have a website that’s clean and professional to show your property with? You hire an agent to sell your house not to just list it. The faster and higher price they can get for the sale of your house the more they get for their commission.

5. Overpromising

If the price the agent said they’d get for your house sounded too good to be true, ask for the facts. The best way an agent can prove what your house can sell for is a Comparative Market Analysis. The numbers tell a story and they do not lie. This is not based off speculation.

A Comparative market analysis is an examination of the prices at which similar properties in the same area recently sold. Real estate agents perform a comparative market analysis for their clients to help them determine a price to list when selling a home or a price to offer when buying a home.

Speculation is the purchase of a good with the hope that it will become more valuable at a future date. More formally, speculation is also the practice of engaging in risky financial transactions in an attempt to profit from fluctuations in the market value of a good or asset such as real estate.

Conclusion

When deciding to list with a Realtor, it’s perfectly fine to be picky about your options. Your house is most likely your biggest asset and selling it should be a worthwhile decision. Maybe considering selling your house to a professional home buyer would be best for you given your situation. Click here to see a comparison for yourself on selling to an investor vs. listing with an agent.

If this blog was helpful and you have a house you’d like to sell or just want a free no-obligation cash offer, call Adam Buys Houses direct at 303-997-2045 or visit click here to get started.

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