Home Selling in Georgetown>Question Details

Kbuckleync, Other/Just Looking in Holly Springs, NC

My parents have a home in MA that is currently under a listing agreement with a local MA realtor. They are quite unhappy with her service (she's

Asked by Kbuckleync, Holly Springs, NC Mon May 17, 2010

only had 1 showing in 2 months) and would like to end the contract. I don't see anything in their contract that looks as if they can't end it without a penalty but they're afraid that there will be a cost to them. Do you know of anything in a MA listing agreement that penalizes a seller for ending the contract prior to it's 3-mo. expiration?

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Hi - I am not going to read all of the answers below but, please advise your parents to make sure the conract is cancelled before they list with another realtor. If they do and the property goes nder agreement - they may have to pay 2 commissions. I am sure they would not be happy with that.

I would be happy to help if they decide to relist. You can give me a call to discuss if you like.

Susan Costa
AMS Real Estate
774-526-2457
1 vote Thank Flag Link Mon May 17, 2010
Hi Kb, Before cancelling the contract of which you can and your entitlted to do so, make sure it's for the right reasons.
1. Is the Realtor doing a poor job at advertising?
2.Has the Realtor suggested the price the property should be listed at, and is it listed at or close to that price?
3. Are there similar properties in the same price range as yours?
4.Do you have to make an appointment to show or is there a lockbox?
5.Is the house shown in it's best possible light?
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Now if most things above are being done lockbox,pricing right,lockbox,ads, then we'd have to say it's not the Realtor maybe it's just too many listings simalar to yours. Prehaps better pictures? or just a few thousand less on the price would be of a big help.
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With all of the above being said and you're Parents are just not happy with the Realtor then by all means go to the Broker and get it cancelled. It's not hard and tell your Folks not to leave the office without a cancellation notice and make sure they read every line. We hear some offices may put in a clause that gives them the right to still collect a commission even after the contract has been cancelled so read read read..
________________________________________________________________________________
As a suggestion if they can wait 30 days before relisting, look at Realtors websites or information and of course that personal feel about an agent before calling them to come over.
Remember it is not the office that sells your property it's the Agent!
All the very Best

Dave & Lisa
Web Reference: http://www.urhomerealty.net
1 vote Thank Flag Link Mon May 17, 2010
Do discuss your concerns with your agent first--An agent generally cannot terminate any listing agreement, however the broker owner can--contact the broker owner and express your concerns and you may want to ask to be assigned a new agent for the duration of the listing--in today's market pricing and marketing are paramount--make sure your exposure is maximized and be aware of comps--recently sold similar properties in the immediate area--review the data and make a determination--are you priced accordingly--keep in mind that a home is worth what someone is willing to pay for it, not want the seller needs or potential buyer can afford to spend--market conditions do matter--make sure the property shows well, is neat, clean, clutter free and don't forget the exterior for curb appeal
1 vote Thank Flag Link Mon May 17, 2010
You know, it would be nice if people could ask a question and have it answered without someone trying to solicit business.
I'm sorry, I mean no disrespect, but it really irks me.
1 vote Thank Flag Link Mon May 17, 2010
Hello Kbuckleync,

I agree with Christine. It's always best to talk to the office manager and express your concerns. There could be many reasons for the lack of showings including the price, condition or location. If your parents do decide to cancel their contract, don't hesitate to contact me. I'd be willing to meet with them and discuss what went right (if any) and what went wrong and then come discuss my game plan to get their house SOLD.

Best Wishes,

Jeffrey Carter, ABR
Century 21 North Shore
978 717 9015
1 vote Thank Flag Link Mon May 17, 2010
Go into the office where the agent works out of. Explain your situation to the office manager. He or she may offer to resolve it by referring you to another agent. Make sure you say you want to CANCEL the contract not WITHDRAW it. Most brokers will let you out of the agreement.
1 vote Thank Flag Link Mon May 17, 2010
This question posted May, 2010.
I believe this issue has been solved.
0 votes Thank Flag Link Mon Jul 7, 2014
Hi,

They have many options but I would first suggest that your parents speak with the agent
and try to resolve the issue(s). If that doesn't help then speak with the office manager.

Take care
0 votes Thank Flag Link Mon Jul 7, 2014
Hi There
I would talk to the office manager or owner / broker and see if you can resolve the situation. More than likely you would get help. If not please let me know and I will look into the situation for you..

Thanks
Donna @ Donnashomes.com
0 votes Thank Flag Link Fri May 21, 2010
Your parents are in a contract. So it can be sticky.

What I suggest is have them sit down and talk with the Broker of Record about where and how the agent fell short. Is the agent not doing something they promised your parents? Just because there has only been one showing is not a reason to cancel a contract if the agent did everything they promised. If they over promised and under delivered... than there is something to talk about.

If they WITHDRAW their listing they cannot list with another agent until the listing period is up (there should be no penalty except that their house cant be sold for the remainder of the listing period). They need to have the listing contract CANCELED with that agency to immediately move forward and list with another agent. There is not a financial penalty to canceling a contract if everyone agrees. Again all contracts are different.

Regardless of what happens they should be interviewing with other agents. I have a satisfaction guaranteed contract. If for any reason a seller is not happy with my services they can write a letter or call and if it is a valid concern that can't be rectified to everyone's satisfaction, I will cancel the contract. I personally do not want to be in a hostile situation with a client, I would just prefer to move on.

It is very hard to be more specific without knowing the circumstances or knowing the exact nature of the listing contract. Good luck!!
Web Reference: http://www.thehousewiz.com
0 votes Thank Flag Link Mon May 17, 2010
Kbuckleync you are asking a question regarding contract law and should confer with an attorney for legal advise. Good luck Kbuckleync
0 votes Thank Flag Link Mon May 17, 2010
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