and I am not happy with the advertising. We have held 2 open houses with no activity. How long am i obligated to list with this company? (I am in Michigan). I know the market is slow but we are desperate to sell. I feel another realtor would do a better job but I do not want to get into anything that is not legal. There is no communication from my realtor and she acts like she could care less. I would like to switch. Any suggestions?
2007-03-20 12:47:13 · 6 answers · asked by meg Z 2 in Business & Finance ➔ Renting & Real Estate
I live in Michigan, too and sold here for over 25 years.
Your listing is NOT with the realtor, that's why they are called an "agent", not a broker. She is the agent working between you and the broker/owner of the company.
Your first move is to call the broker. Be aware that the broker will (99% of the time) defend his/her salesperson. All you need to do is say that you wish to withdraw the listing with no stipulations connected. Don't tell him what you want to do with your property, just say that you feel disappointed in the service and they are fired.
If you proceed to tell them that you are going with another company, you will get nothing but double-talk. It's a strategy they use to keep you.
You hired them, you can fire them. Get a copy of your contract, have them mail it to you. Then when you receive a hand-signed, by the broker, release from your listing, go ahead and call someone else.
Real estate is the worst it's been in Michigan in 4 years and getting worse. No work means no one is moving. You might want to try "by owner" for a while and see how that works. There just aren't any buyers out there right now, unfortunately.
Well, good luck and if you need more info, send me a email, ok?
2007-03-20 12:56:30 · answer #1 · answered by Barbara 5 · 0⤊ 0⤋
Lets face some facts here- 3 mo. really is not a lot of time in this depressed market. Typically a home in a normal market would sell with int time frame of 30-60 days, not true today and its any ones guess as to how long it will take to sell. You should have copy of your contract- it just might be an oversight on Realtors part. Trust me when I tell you changing Realtors is not in your best interest . Call the agent and (NICELY) say you want to meet with her. Explain what your concerns are and-you know the market is slow but there needs to be more open houses and some more advertising. Suggest some free sites- Realtor.com, Craig list- maybe your agent is as depressed as the market. Give her a break and stick with her- ask for the contract, advertising- flyer's and lets start getting the business done. SELL THIS HOUSE.
2007-03-20 18:39:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The market is slow and there is no guarantee that another Realtor will do any better. Each advertising mechanism reaches a different market. I don't look at the newspaper classified ads, however, some people do. Some only use the Internet.
Your listing agreement lays out the length of time you have agreed to. The Realtor may not want to have it cancelled because s/he has invested real dollars into the advertising when may not be recovered.
Just tell her you want to cancel the agreement and take it off the market for a while.
2007-03-20 12:52:57 · answer #3 · answered by Venita Peyton 6 · 0⤊ 0⤋
I am an ohio agent..laws are not so much different. However, did you recv a copy of the Listing Agreement? This instrument is a employment contract between you and your agent and it should had be read to you so you could understand. It also outline the length of how long your house will be listed by your agents company 3 months, six months etc. Now this is where the laws get tricky..Did they place your house on the MLS, Hold open houses, and your agreement need to state WHAT type of a agreement Exclusive Agency, and Exclusive right to sell and Open, and it can be "implied" that is maybe why you did not sign anything to get a "copy" Mich law may be different. Most important and it is "universal" . Communication call your agent and ASK. If her attitude is non caring ask to speak the Broker. Good luck
2007-03-21 04:08:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You can cancel your listing at any time and re-list with another firm. They by law must release you from the listing upon your request. They can charge you for advertising if they actually did any and have proof. All listings are a day to day contract and can be cancelled by your request even if they are 90 day 180 day or whatever. Go to the broker and demand a release of listing. There is a form you will sign that releases you from them. They should have it there. Right now Michigan averages 1 in every 450 houses in default so your in a hard to sell market at this time. That however is no excuse for an agent to show such little regard for a clients concerns.
2007-03-20 12:55:13 · answer #5 · answered by Myron 4 · 0⤊ 0⤋
The traditional agreement is a hundred and eighty days (6 months), but when the agreement is nine months, it is nine months. You are not able to get "rid" of him - correctly, when you promote the residence to your possess you continue to owe him a fee. Next time, have a brand new directory, attempt to get a ninety day directory most effective (so you'll be able to have a recent MLS quantity) - and feature the realtor report the whole lot that they are going to do for you and the way commonly - digital excursions, within showings, auctions, open residences - so you recognize what you are procuring. You can nonetheless promote residences on this economic system, however you ought to have any individual who is aware of what they are doing, now not a side timer simply looking to gather commissions.
2016-09-05 09:52:41 · answer #6 · answered by ? 4 · 0⤊ 0⤋