We are selling our home here in small town X. We have an agent here in town who is the listing agent for the sale. We indicated to agent that we were moving to town Y and since it's close by we told him we would be using him as an agent as well. So, he thinks we are going to buy a nice priced home and comission for him. We have recently decided to move to town Z (we considered this a year ago) instead and have a totally different agent that we contacted a year ago and he's been sending us new home listings, etc. I"m in a bind now. Do I ask our existing agent to show in town Z (even tho he's not familiar with that area)? Do I just tell the agent we are moving elsewhere and continue with the town Z agent? I feel like we are lying to him by not saying we changed our minds about which town we are moving to and may not use him for the new sale. What should I do? Am I too loyal (no contract has been signed that we will use him for the new purchase)? No rude comments please.
2007-03-12 03:41:21 · 8 answers · asked by Sweet Potato Pie 2 in Business & Finance ➔ Renting & Real Estate
Tell him the truth. They are just going to get mad that you are wasting their time after you made you decision.
Tell him that you just want to list your current house with him and that you picked a realtor in town Z for your new house.
Things change and your realtor knows that if he has experience.
Good Luck!
2007-03-12 03:45:37 · answer #1 · answered by Jo 6 · 0⤊ 0⤋
Agent Z has already been working for you for a year now. It would be unethica to use your selling agent after the other one has done all of the work. Your selling agent will get over it, you are not lying, just conducting business. The odds of agent Z getting you a great deal in his area is MUCH higher then an outsider.
If it makes you feel any better, agents can't just show any place, they are restricted to areas where they join the boards. Only Brokers have whole state access. It would cost your agent $ to show you homes in an area he doesn't belong to already.
2007-03-12 03:51:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Use the best agent you can find in the town you are moving to, and dont worry about the agent who is selling your house. If your current agent throws a hissy fit, and he is likely to, ignore it. Dont defend your decision. You dont owe him anything.
By the way, you dont usually compensate an agent who is helping you to find a house (called a buyer's agent). The agent gets paid out of the seller's commission. Its possible to hire an agent as a buyer's agent but that is a waste of money. All the agents in a community are looking to collect on any sale and will provide the same service by being compensated from the seller's commission.
2007-03-12 03:53:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Ugh, hopefully actual agents can help you out.
But verbal contracts may mean that your new agent will want to split commission.
If your old agent has NOTHING to do with finding the new house, showing the new house, writing up the sale, then I can't see how he would be able to get commission.
But these people LIVE for commission. Your agent will get over it because he still gets the sale of this house. What I would do is talk to the NEW agent and tell him. He will tell you what your legal responsibility is.
2007-03-12 03:45:44 · answer #4 · answered by WriterMom 6 · 0⤊ 0⤋
I would go with the agent form town Z. He knows the area and he will be alot better help. Just tell the first agent you decided you were moving to a different town.
2007-03-12 03:44:36 · answer #5 · answered by kingsgirl 3 · 0⤊ 0⤋
I am a real estate agent in Georgia. If you have signed a buyer brokerage agreement with either agent, you need to use that agent. The best thing to do would be to inform your first agent that you are moving to town Z. Ask him to refer you to an agent in town Z, hopefully the agent you have been in contact with. In this situation the first agent would receive 25% of the selling commission, and the second agent would receive 75% of the commission......everybody's happy!
2007-03-12 04:40:30 · answer #6 · answered by Brian C 1 · 0⤊ 0⤋
If I have a client moving out of the area, I do not offer to represent them because it is not in the best interests of my client for many reasons. It is widely known in the real estate circle, that the easiest and fastest way to get sued is working outside your marketplace. There are many things that could go wrong that a well-meaning agent in another market may not be familiar with. My client's best interest is more important than a commission.
What I do in a circumstance such as this, is I interview agents in the area where my client will be moving. I check them out to see what their listing base is, what their specialties and awards are in, what their website looks like, what their listings look like on Realtor.com, etc. After interviewing at least 3 agents, I choose the one I feel would best serve my client's needs. After we agree on a fair referral fee, I send the referral agreement over for signature, and then introduce my client.
I have always been thanked for the referral and I never ask for a high referral fee. Most agents are very happy to pay a referral fee for an introduction to a qualified and ready client.
You are in a bit of a pickle, but you put yourself there by not being totally honest with your agent. You may want to talk to your buyer's agent and see if he or she would be willing to pay a small referral fee to the realtor you promised to work with. The worst thing that would happen is "NO" but many realtors would understand your predicament and gladly pay the referral fee to keep you in good graces with your present Realtor and ensure that you don't go off with someone else who would pay the fee.
Best of luck to you!
2007-03-12 04:20:25 · answer #7 · answered by carmensellsthehighdesert 3 · 0⤊ 0⤋
see the local newpaper classifieds
2007-03-12 03:44:18 · answer #8 · answered by gaya.0001 2 · 0⤊ 0⤋