I answer this conundrum with one word... COMMUNICATION
With technology today, a jet aircraft can safely land in conditions where the pilot can't even see the runway, that technology is coupled with constant communication from the tower-controller. That communication must be so constant, that if silence breaks for more than 5 seconds the pilot may need to abort the landing.
Buying or selling a home is no different, well perhaps contact every five seconds may be a bit much, but we all understand the concept here. It is reasonable for a real estate professional to estimate that at least 50% of clients are at bare minimum familiar with the process by means of the Internet and self-research; that is not, however an excuse to minimize or eliminate informative communication between the agent and the client.
Consider this real-life scenario:
From the minute your home is listed, you're the captain on approach to your landing site. In markets like the one that exists today, the conditions on the ground are turbulent and a successful landing requires constant, ongoing communication between you and your agent...DAILY!You are interested in the opportunity to short-sell your home and you understand the basics of real estate and know the terminology of a short-sale, so you meet and list with an agent who 'specializes' in short sales. The agent lists your home and you don't hear from the agent for weeks. When you do hear from them, you are presented several offers they received, but no advice or guidance in accepting or countering these offers, not to mention you were never informed that some offers may contain special addendum with legal terms pertaining to the short sale status, or how to best counter your offer to better meet your financial needs through a short sale.
That said, it is not an uncommon story to hear when clients cite they were unable to reach their agent or broker. Calls go unanswered, e-mails not replied, and messages not returned. There is recourse!
Consider these options to facilitate a stagnant relationship with your agent:
- Contact your agent's broker (if they are not their own broker), cite your concerns and ask what they can do to expedite the communication process between you and your agent. Often times a 'jab' from the broker is all the agent needs to get a move on!
- If you're still not getting the results you need, and you are comfortable negotiating your own sale, see if your state offers an authorization for you to negotiate directly with the buyer or buyer's agent. You never want to contact the other party on your own without something in writing to ensure there's no conflict of interest, but most states should offer some means of self-negotiation. This won't negate your agreement to pay your agent's commission at the close of escrow, but it may be a solution to move the process along.
- As a last resort, you can explore 'firing' your agent or brokerage. You will need to contact the office and request this, and you may meet some resistance, however remember it is the fiduciary responsibility of your agent to seek only your best interest, and if they are not fulfilling that duty, you may need to see alternative solutions. Remember this option typically involves breaking a written contract, so be prepared to support your case, and don't hesitate to seek professional legal assistance.
The Greenleaf-Elving Group
Christopher Greenleaf, Realtor
Keller Williams Realty Southwest
6180 Brent Thurman Way, Las Vegas, NV 89148
info@captaurre.com
Content deemed reliable, but not guaranteed, Equal Opportunity Housing Provider