As far as canceling the contract I allow my client to cancel a listing agreement at anytime after the first 6 months. I work very closely with my clients and I feel that if we are no longer a fit anymore then it would be best for both parties to part ties. Good luck!
you didnt know what your home was worth??
you dont know how your home compares to the neighbors??
If your home has not received a qualified offer in 2 years,
either its a over priced or its a dump.
sorry hun, just that simple
JAWerkema Realty Broker LLC
The Villages, FL 32162
But since the agent put a lot of time and u feel about this, then at least give her a chance.
As a minimum, you should have gotten a CMA showing the ACTUAL SOLDS for the PAST SIX MONTHS showing what the competition/houses like yours sold for.
Your agent is probably a wonderful person, but wonderful people do not sell houses anymore...buyers want deals..and bottom line, they want 5 to 10% below what ever the ACTUAL SOLDS show, and they want the house completely renovated...if it does not have granite countertops, etc., expect to drop your price some more.
In the past, sellers would go with the agent that made them feel good...but not neccessarily get their house sold. Separate emotions to real numbers...ask the agent for these numbers and go through them first, come up with a 90 day plan and work the plan.
Your agent needs to provide you with the reports as noted above, and a daily or weekly report showing how many and when potential buyers have been looking at your home online..and correlate that information with actual calls and showings.
Armed with this information from the agent website, reporting from online video websites(not virtual tours) and mls details you all can then make the best decision possible and attract the buyers that are out there...and yes they continue to come into New Orleans on a daily basis...for the draw of our food and culture has created a monopoly of fun and festivals matched nowhere else in the world.
For additional pointers on what it takes to sell a home in New Orleans, visit my website and have your agent use some of these tools and techniques to get your home sold, not selling.
If you want out of that office completely, go see the broker in charge and talk to them. If they have had it listed for 2 years they may want to wash their hands of it too.
You have peaked my curiosity. When you say that your agent has made mistakes in estimating your listing price, do you feel that your price is too low or too high for the current market? When you state that she has made mistakes with potential buyers, how were the mistakes made? Besides investing her time with showings and holding open houses, which other resources has the agent invested into your listing. Has the agent invested herself financially as well? Can you ball park the $ amount spent on advertising/marketing. Does your listing run in print media as well as internet? I respect and value seller feedback, so please feel free to be candid with your response as you are shielded by anonymity.
As far as pricing goes, sit down with her and have her present to you current competing homes, even go and look at a few of them with her, then let her show you what homes at what price similar to your home or to your current price have recently sold..... You will then be well informed!
It may be your home, its size, location, age, updates or floor plan, or it may be the current asking price...
Discuss with her, now that she has put in so much time and effort, what TOGETHER you can change...
May be you take the suggestion of doing some up to date color painting, even if only one wall in certain rooms or a hallway etc. have the agent take new photos, may be get a staging professional to come in and
help you and your Realtor to move around some furniture, or even remove some furniture.... Curb appeal etc.
Remember in reality you and your Agent are in this "Boat" together, she as much as YOU are interested in selling the home, remember she does not get paid anything until and when your home closes, all her time and expenses come out of her pocket until.....
So try to work it out, it seems to me, that a feeling of desperation, makes you think that another agent will do
better or will do "miracles", if the new agent will come in and suggests painting, staging, curb appeal changes, even some minor repairs and then YOU MUST LOWER THE PRICE to get offers...... YOU MAY AS WELL DO T H A T with your current Agent, you obviously trusted to higher in the first place.
But to answer your legal concern, all the other agents below have given you the information you need, so I do not want to repeat.
Good Luck to you and I hope you can work it out, and get your home sold, It is a difficult market because of the economy, and in most parts of the country if not all we are in a buyers market, i.e. there are more homes available than there are ready and willing buyers, so good times for buyers, not so good for sellers.
Edith YourRealtor4Life and Chicago Connection
Working always in the very BEST interest of her clients
If you go to the managing broker, lay out your case clearly, concisely and calmly (as you have here), it's very possible that the broker will let you out of the listing. It's possible that they'd be relieved, as they haven't been able to sell your property, and marketing it is costing them money every month.
As Shannon so correctly points out, it's up to the broker as to whether they'll let you out or not. Good luck.
I suggest being honest with your agent about why you would like to terminate your contract. She deserves to know and hopefully it will motivate her to change her behavior and not make the same mistakes in the future.
If you feel more comfortable cutting ties with the company entirely that is fine too. When looking for a new agent be sure to ask for references from past clients, give them a call and be sure to ask the questions that are important to you.
Lastly, don't feel bad becasue this type of thing happens in Real Estate, especially with so many agents to choose from. Do what is best for you, do what feels right.
Good luck to you!
-Sunny Fellman, Realtor
Cape Cod, MA