My Realtor caused me not to get a house. its avail now because other buyers loan failed. Must I use him now?

Question

My Realtor dropped the ball and did not submit material to the sellers agent in reasonable time so the sellers chose another strong buyer interested in the same house. Luckily the other buyers loan failed and the house is now available. I am next in line to purchase the home. I don't feel confident with this agent. Do I have to use the same agent I initially used for this transaction or can I use a new buyers agent?

Answer 1

You can do what you want. It is your money at stake and the Realtor is merely a middle man to help you find what you are looking for. He already blew his shot, get a new Realtor and tell them you already fired your previous one. That will make them realize you mean business and they will make sure to get the job done.

Answer 2

Well, the first question is: Did you sign an exclusive buyer agency agreement with this Realtor? If you signed an agency agreement, you need to look it over. The agent could very well be protected for a certain amount of days on that particular property. It will say somewhere in there "If within (fill in the amount of days) days of the termination of this contract the buyer purchases a property that the original agent showed them, the buyer is subject to pay the broker a fee"
Just look over the contract and see how many days are plugged in there (I usually only put 30)

The original agent does indeed have what's called procuring cause however, personally I don't pursue this kinds of things. If a client is unhappy with me or my services, I let them walk.

I would like to hope that this Realtor would be the same way.

So in closing, I would just go with someone else if that's what you feel.

Answer 3

I would stray far away from a realtor. They are "Middle People". As a rule..you should only want to deal with someone who can give you a yes or no answer..right away. a middle man can Not do that. You also lose about 10% in fee's and costs by using a realtor. Not to mention the problems you just had with your agent dropping the ball. When a middle person is involved in the deal...80% of the time the middle person will be responsible for Killing The Deal.
Why you ask...because they are more interested in their percentage/paycheck rather than your best interests.

I would advise you to learn how to negotiate for yourself, instead of paying someone who will "Drop The Ball".
If you need a real estate negotiations coach, I recommend trying to get Chris Harris from http://scbuyshouses.com
Just learning how to negotiate and squeeze the middle man out will save you Thousands in fee's and cost's as well as a whole lotta time.

Answer 4

If you signed an exclusive contract to work with this realtor, you are bound to do so while the contract is in force.

However, if you DID sign the contract, and you don't have confidence in the person, you still have options.

First - talk to the realtor about your concerns. If you can't work out a solution, ask to be let out of the contract.

If you can't work out a solution, and they won't let you out of the contract, go to the broker that they work for, and tell them your concerns. The broker may either instruct the realtor to let you out of the contract, or assign another realtor to work with the original realtor, or maybe assign you to another realtor altogether.

But whatever you do, if you signed that contract, DON'T JUST START WORKING WITH SOMEONE NEW BEFORE YOU ADDRESS THIS ISSUE, unless you've got enough money to pay the commission twice.

Answer 5

Call your agent's broker and tell them you don't feel comfortable. If your agent introduced you to the property, they could try to collect commission from the sale of the property. To try to avoid this, call the broker and explain you are not comfortable and you will probably be given another agent from the same company. (Them being from the same company is not a reflection of the company all doing poor work as Realtors are all independent contractors.)

Good Luck!

Answer 6

most likely you are stuck with that agent, you could ask that since the agent screwed up that you would like the broker to handle the deal and not the agent

but since that agent brought you and the seller and made an offer the agent has a legal right to a commission on the sale

Answer 7

You are totally free to get another agent. That home is probably listed on the local listing service and any buyers agent can help you. e-mortgagenetwork.com

Answer 8

Absolutely not, you are completely free to chose whichever realtor you wish [unless of course you have signed an agreement with them that you are held to].

We swapped realtors twice as we felt they were not trying to sell our house to their best ability and had success once we changed.

Remember, it's your money, do what you want.

Might be good just to explain to your curent realtors tho so they are aware of what is happening, hopefully they'll take it onboard as constructive criticism and do a better job going forward.

Best of luck, hope you get the house! xx

Answer 9

if you didn't sign a contract with that realtor you are free to use anyone. most realtors work for the seller not the buyer.

Answer 10

in particular its in basic terms having somebody on your area who has executed this oftentimes and is finding after your ideal pastimes. I agree including your gf in this one as there are various tricks and traps to paying for belongings and if the service provider is a house own loan officer I wager the settlement they modern-day you with would be heavily weighted of their desire. additionally i don't recognize that it may value you something to have an agent, the service provider will pay for this - the only attainable turn away is which you would be able to not get as solid a deal because of the fact the service provider is primary with they could desire to pay your agent a fee. So, till you recognize alot approximately this type of element i could circulate forward and get an agent. in case you tell them which you have the valuables picked out and in basic terms desire help with the settlement via remaining possibly they are going to offer you a rebate on their commissions because of the fact that they have much less paintings to do.