I agree with the other agents here, that if you don't feel comfortable with your agent, or if you feel you can't communicate well, that you can speak to him--or to his broker-- about being let out of the Buyer's agreement.
It might be easier for you to speak with the broker. It sounds like there is not good communication between you and the agent putting a transaction together--so it could be even harder or more chance for misunderstanding when you are taking one apart!
Brokers handle all kinds of problem. They are usually good listeners, and they want the brokerage to maintain a good public reputation.
If I were the agent in this situation, I would want to know that it's over. I would also want to know just what you told us in your question above, so I could improve my service and my communication to my clients.
Best wishes, Linda
Maybe, after you talk to the broker and the agreement is dissolved, email your above question to the broker or the agent and tell them, "this is my question. This is how I felt."
Simply stated, honesty is the best policy. Simply tell your agent what you are feeling and see if you can come to some kind of understanding. If you have signed a buyer representation agreement, then they have specific requirments they as an agent are expected to honor. If you feel you can not come to an understanding and the agent will not cancel you agreement, then elevate the issue up to their managing broker. Most agents would not feel comfortable working with someone that does not want to work with them and will generally agree to part ways. Good luck!
Real Estate is about Relationships. The buyer/agent relationship is very important and if you don't have a good feeling or do not trust you agent, it is time to move on. Usually agents have a client sign an Exclusive Buyer Agency binding them to the agent even before they know each other. If you are required to sign this type of agreement, sign it for a month at a time. That way you are not bound for extended time periods. I provide excellent services to my clients and communication, loyalty, and trust are essential.
As a real estate professional the trust and loyalty goes both ways. My advise when you meet with a Realtor, only sign a Exclusive Buyer Agreement on a monthly basis. That way if you have a problem with the Realtor, the agreement ends in a month. If the relationship gets better, you can extend the agreement time. If the Realtor is not willing to accept the monthly agreement, find another Realtor.
The first meeting with the Realtor should be crucial in finding out what services you are really interested in and what is the expertise of the Realtor. Usually you can tell by his answers how experienced he is.
Good luck to you!!
As I tell all of my propects, please make sure you like and respect the Agent that you choose to work with. The purchase/sale of a home is a very intense transaction and the last thing you need is tension between you and your agent.
Best of Luck to you in your home buying!
Revi Mendelsohn, Realtor
First of all; I am sorry to hear your are having this problem. I'm sure it is very flustrating and adds more stress to the already taxing task of finding the right home.
I would certainly want to know if my clients were not happy and would have no problem letting them out of the buyer's rep. agreement. However, I would like to hear it from them first. Maybe you and your agent just have clashing personalities, or you just don't see eye to eye. Maybe you both are experiencing mixed signals and obviously mis-communication. This would not make anyone the bad guy, just different. I do not think you should have to go as far as talking to his broker or office manager. I am sure he would respect and appreciate your honesty with him one on one without having to get anyone else invoved. Then you can go out and find someone who is a beter fit for you and your needs. Best of luck to you.
Warmest regards and happy house hunting,
The buyer's agency agreement that I use allows either party to get out of the agreement in writing as long as they are not in negotiations on a purchase or have a contract for purchase. I'm sure this varies from area to area.
Your agent should be willing to release you from your contract if you are very unhappy with him and possibly recomment someone else who would be a better fit for you.
Thanks, Todd Norsted
If your realtor is not listening to your needs then you should not be working with them. You are the boss and you run the show. This realtor is avoiding foreclosures because they don't understand how to negotiate bank owned deals and because they might not want to invest the extra work to get it done.
You have to keep your best interests in mind and so should your realtor. If the relationship is not working out this realtor should respect your wishes and cancel the Buyer Representation Contract (I would).
If you are looking to work with a realtor who specialized in working with buyers on purchasing Short-Sale and Foreclosure properties you will want to visit my web reference below. We actually have a list of homes that you nor any other realtors can find on the MLS or anywhere on the interent.
How? because we work with the realtors that list 100's of foreclosure listings. They have an inventory that has not even come on the market and they are willing to give us the list. Why? because we help them get the homes SOLD quick and usually before they even come on the market. That is a win for the bank and a win for our buyers.
Good luck and get that Buyer Rep Agreement Cancelled! There are over 18,000 realtors to choose from, buy remember they are not all equal. Thanks!
Rochelle Ann Allison
If your agent is hesitant to submit an offer on a house in foreclosure (a short sale... where the seller still owns the house but is losing it to the bank) then it is understandable they are reluctant. Short sales can take 4-8 weeks to get a response back from the bank and they might want significantly more money than what is currently advertised as the list price. If it is truly a bank-owned home, it isn't that difficult.