You always have the option of cancelling a contract, however, read the contract again "thoroughly". Most listing contracts will allow you to cancel, but you are held responsible for any advertising expenses. You would need to speak to the broker/manager. They may or may not release you from your obligation.
Just to give you an idea of what has been happening in your neighborhood (town):
18 properties have SOLD since January 1, 2008. Information taken from Great Fairfield MLS . This does not include For Sale By Owner, or properties listed on any other MLS. See link.
Presently in Bethel, there are only 134 Active Listings showing.
Status As Such: (May 9 @ 11:00am)
107 Active Listings.
1 Back on the Market Listing
11 New Listings
10 CTS (Continue to Show - Have accepted offer with contingencies)
5 Reduced Priced Listings
There are no Pending.
Ruthman Real Estate
CT & NY Licensee
I recommend you sit down with your agent and ask her a few questions:
- Is your home being advertised to people most likely to buy in your area? Both the CT MLS and the MLS systems in Fairfield County?
-How did she (and even you) determine listing price? Did she look at recent sales and current homes on the market as well as pending sales? Did she physically walk through your competition? I suspect and agree with most of the other agents that your issue is likely price.
-What is the Average Days on market in your town? How much inventory on the market? We have a listing right now in a town with 22 months of inventory - that's really slow.
- Did she do a broker's open house? Agents often do this to get a feel for whether the listing is priced appropriately before too much time on the market.
Good luck to you!
Keller Williams Prestige Properties
Since you are selling your home, I have to assume that you are also in the market to buy one. Look at your house with that same buyers eye. Does it have a lot of nice pictures? Is there a lot of descriptive text, or a few sentences with a lot of unintelligible abreviations? Does the listing hold your attention and make you want to keep clicking? If the answer to any of those is no, then that should be a topic of discussion with your agent.
You say they presented "an extensive marketing package." Did it contain a CMA and, if so, how did you price the house relative to the CMA? Also, check to make sure that the steps specified in the marketing package have been/are being implemented.
So, talk (face to face) with your neighbor and the agent who's assisting her. Ask specifically about price and marketing. And ask specifically what she/they feel the reason is for the lack of activity. If the marketing package included a broker's open, also ask what the feedback from other agents was--appearance of property, pricing, and so on.
As the others say, using an agent who works in a nearby town shouldn't be a problem...unless the "different town" is served by a different MLS. And as for the option to switch, that has to be mutually agreed to. But most agents will agree to terminate a listing if their clients are unhappy. But, first, talk the issues over with them.
Hope that helps.
Being from the next town is not a problem. Without looking at you listing I can't say for sure, but the 2 most common reasons for lack of activity are insufficient exposure to the correct target market, and the price. Did the agents show you all of the comps for the recent sales in your neighborhood? The market activity has been increasing recently, so if you aren't getting any activity then I would review the price. If is in line, the ask how and where it is being advertised.