Can you change agents once you've placed an offer with them on a short sale?

Asked by Muffinsaregood, Los Angeles, CA Thu Jul 19, 2012

The agent we have has not bothered to call is in over a month. She doesn't answer whenever we call. She wrote the offer for us but then only picked up to tell us we couldn't buy it because somebody offered cash money. We then called and asked another real estate agent and they told us the house is still for sale. We really want the house, is there anyway we can change agents at this point?

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My NC Homes…, Agent, Chapel Hill, NC
Thu Jul 19, 2012
If you signed a Buyer Broker Agreement you should review it and see what the provisions are for terminating your agreement,. Typically it only requires written notice. Before doing this you should call and the agent's office and ask to speak to the Broker in Charge and share your concerns/frustrations with them and ask their assistance. They may be will to transfer you to another more proactive agent. They may also be able to answer many of your questions and hopefully explain to you that it's very possible there's simply nothing to report. The fact that the seller may have singed your offer means absolutely nothing, their mortgage lender must approve the sale and this can take time.

Short sales routinely take 3-6 months to close (unless they are pre-approved by the lender) if they close at all and statistically more than half do not as the Sellers are qualified. Secondly most agents have little to no idea what is involved in short sales and don't know enough not to waste their time getting involved, if you insist on pursuing short sales find an agent who specializes in this.

Hope this helps.
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Anna M Brocco, Agent, Williston Park, NY
Thu Jul 19, 2012
If you have no signed agreement, you are free to work with whoever you wish; do be upfront regarding your initial agent/offer with your new agent...
0 votes
Tim Moore, Agent, Kitty Hawk, NC
Thu Jul 19, 2012
Did you sign a buyer broker agreement? These will have a start stop date on them. If you have not signed anything like that then you might be able to. You really do not lock yourself into that agent, you lock yourself into that COMPANY, not a particular agent. You could go to the office broker and ask to work with a different agent and let them deal with it internally in the office. I am not sure if Calf has procuring cause and if they do the agent could make a stink if you were to write an offer on a house the agent showed you. In NC we don't have procuring cause and it is much simpler. Go speak to the agents boss - the office broker - and ask for a new agent to work with.
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