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SVTPerformance's Chain of Restaurants
Road Side Pub
Ettiquette for switching real estate brokers situation question.
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<blockquote data-quote="ElscottHavoc" data-source="post: 14111002" data-attributes="member: 93145"><p>Well, I signed a purchase agreement (which fell through after inspections) through that Realtor, but I'd have to pull it back out and see if there is anything that mentions if I am legally obligated to use him for this new offer 6 months later.</p><p></p><p>I originally told him I was going to take a break from house hunting and give him if a call if or when I felt like looking again. We broke contact for about 5 1/2 months and heard nothing from him until I got the most recent notification of drop in price, even though this is not the first time its dropped in 6 months. My guess is he got word I was working with someone else and decided to throw me a line...</p><p></p><p>But you're exactly right, even though I initiated contact on that house, he did all the brokerage work for me on it initially and it wasn't like our experience with him was God awful - it just wasn't as great as with the new Realtor in hindsight. When we bought our home, I felt like he was right there with us, but this time I got the impression he just didn't see priority in us and our $50-60,00 investment budget - apparently recently he's started catering to commercial and moderate residental). In my mind, I'm thinking surely he can't be that busy to be picky about values, but local rumor is that unless you're buying over $175,000 he's just not super excited.</p><p></p><p>And this is why its hard. The new Realtor has worked very hard to find numerous properties, gone above and beyond, it just so happens that other house is still available and just recently ends up with best ROI.</p><p></p><p>To force a split commission now discounts all the work the original Realtor did - being available for inspections, looking at the property a few times, checking into some city ordinances I needed to know about, etc. All of that pertains to that property and his work that he's entitled to payment for in the purchaseand not splitting ccommissioned.Yet, this new guy has represented me so well, and I feel like if I say I'm going to go through this other broker then I discount all the work he's done, including also informing me about this property he didn't realize I had made an offer on before. So to back out now discredits his work, but the reality is he really doesn't have to do anything except submit my new offer.</p><p></p><p>I don't really foresee my reputation being damaged (maybe by one of them) but I just figured I'd see what SVTP thought.</p><p></p><p> <em>Posted via <a href="http://topify.com" target="_blank"><strong>Topify</strong></a> on Android</em></p></blockquote><p></p>
[QUOTE="ElscottHavoc, post: 14111002, member: 93145"] Well, I signed a purchase agreement (which fell through after inspections) through that Realtor, but I'd have to pull it back out and see if there is anything that mentions if I am legally obligated to use him for this new offer 6 months later. I originally told him I was going to take a break from house hunting and give him if a call if or when I felt like looking again. We broke contact for about 5 1/2 months and heard nothing from him until I got the most recent notification of drop in price, even though this is not the first time its dropped in 6 months. My guess is he got word I was working with someone else and decided to throw me a line... But you're exactly right, even though I initiated contact on that house, he did all the brokerage work for me on it initially and it wasn't like our experience with him was God awful - it just wasn't as great as with the new Realtor in hindsight. When we bought our home, I felt like he was right there with us, but this time I got the impression he just didn't see priority in us and our $50-60,00 investment budget - apparently recently he's started catering to commercial and moderate residental). In my mind, I'm thinking surely he can't be that busy to be picky about values, but local rumor is that unless you're buying over $175,000 he's just not super excited. And this is why its hard. The new Realtor has worked very hard to find numerous properties, gone above and beyond, it just so happens that other house is still available and just recently ends up with best ROI. To force a split commission now discounts all the work the original Realtor did - being available for inspections, looking at the property a few times, checking into some city ordinances I needed to know about, etc. All of that pertains to that property and his work that he's entitled to payment for in the purchaseand not splitting ccommissioned.Yet, this new guy has represented me so well, and I feel like if I say I'm going to go through this other broker then I discount all the work he's done, including also informing me about this property he didn't realize I had made an offer on before. So to back out now discredits his work, but the reality is he really doesn't have to do anything except submit my new offer. I don't really foresee my reputation being damaged (maybe by one of them) but I just figured I'd see what SVTP thought. [i]Posted via [URL="http://topify.com"][b]Topify[/b][/URL] on Android[/i] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Ettiquette for switching real estate brokers situation question.
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