Realtor as neighbor and also decides to sell their house.

Asked by Pm, 12582 Sat Nov 21, 2009

What happens if your realtor is your neighbor and before your contract is up with their company, she/ he informs you that she/he will be trying to sell their house? Would'nt this be considered a conflict of interest? How can they put in the effort to sell your house when they themselves are thinking of selling theirs and put it on the market, shortly after you cancelled the contract?
MB

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Stephanie Pa…, Agent, Putnam, CT
Sat Nov 21, 2009
I'm thinking you might get twice the traffic as potential buyers will certainly see your sign and the one next door when they drive by. Curb appeal is always important but, perhaps, especially so if you are competing for buyers with your neighbors. Be sure your front yard and area around your entrance look as pretty as possible so people will want to see the rest. And price competitively with your local market.
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Jorge, , Gilbert, AZ
Sat Nov 21, 2009
I can see your concern, but you shouldn't worry about this so much. A buyer will fall in love with a house and make a decision based on emotion. Most of the traffic coming through the house comes from other agents and if your agent is smart he/she will tell the buyers that there is another home available (yours) if they are planning on seeing theirs.

Don't make your agent your competitor, make them your partner.

Have you ever seen 3-5 dealerships next to each other?

They all benefit from the traffic of buyers coming through... it's the same concept.
0 votes
Kevin Strawt…, , Saint Cloud, FL
Sat Nov 21, 2009
So true, it is a violation in the state of Florida and called steering! However your neighbor putting his home up for sale can market your hoe with double traffic. Let's think out the box, that is okay,especially if your home is comparable sq footage.
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St. Lawrence…, Agent, Stamford, CT
Sat Nov 21, 2009
Realtors do not have the ability to force a buyer to buy a particular house. We often list multiple homes at the same time and top agents often have 2,3 or even 4 homes listed in the same neighborhood if not the same street.

The work a Realtor puts into selling your home should be equal to the work they will put into the others. In fact, have two homes listed on the same street will usually result in increased marketing if the homes are both similar in price and size. For instance; If I am showing house A on Smith St. and I know house B is similar, I will also want to bring the buyers to house B even if they did not request to see it.

Some common examples of a Realtor Conflict of Interest would be; The Realtor wishes to buy the house they have listed. Another common one is having the listing agent representing both the Buyer and Seller for the same property.

The best way to work out a conflict is to avoid it. But when unavoidable, put everything in writing. In your situation, it does not sound as a conflict.

Good Luck with the sale and remember to Price it Right for Today's Market
Web Reference:  http://www.slpnyct.com
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