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Old 04-22-2008, 08:00 AM
 
Location: Aurora, Colorado
62 posts, read 316,150 times
Reputation: 44

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Hello everyone,
let me explain my situation. I got pre-approval from a mortgage broker who was a friend of the family. At the time I didn't have an Real Estate Agent at the time and I went with the agent at his office. After a month I've gone to only 3 showings, a total of 3 properties shes found and 10 that I've found, the last two showings were all properties I've found myself. I've only gotten 2 emails from her suggesting 6 properties this entire time, None of which were either the types of houses I'd asked for or the area. I have not signed a buyers contract with anyone and as much as I like her as a person I don't feel that shes a very organized agent or that shes doing much for me when it comes to finding a place. What is the best way to let go of an agent when you want to keep the mortgage broker? I think I need to find another agent whose a bit more dedicated but I also don't want to disrespect this agent in any way or what work she may have done for me. So my question is what is the way you guys prefer to have a parting of ways?
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Old 04-22-2008, 08:11 AM
 
27,214 posts, read 46,745,966 times
Reputation: 15667
The part I don't understand is why you want to keep the broker?
If you haven't signed anything you are free to go where ever you want to go.
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Old 04-22-2008, 08:20 AM
 
Location: Aurora, Colorado
62 posts, read 316,150 times
Reputation: 44
I remember being told before that every time you get pre-approved it can show up on your credit report unless you have it within a 30 day time fame and I don't want to have it adversely affect my ability to get pre-approved if I go to a diffrent mortgage broker.
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Old 04-22-2008, 08:22 AM
 
Location: Melbourne, FL
1,007 posts, read 5,664,388 times
Reputation: 640
There is no easy way to let the agent go except just tell her. It would be good for her to know so she will be more responsive in the future.. if not she'll never know. If you like the mortgage broker, that should have no affect - if they are professional.
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Old 04-22-2008, 09:47 AM
 
Location: Martinsville, NJ
6,175 posts, read 12,939,084 times
Reputation: 4020
Quote:
Originally Posted by celes_18 View Post
Hello everyone,<SNIP>What is the best way to let go of an agent when you want to keep the mortgage broker? I think I need to find another agent whose a bit more dedicated but I also don't want to disrespect this agent in any way or what work she may have done for me. So my question is what is the way you guys prefer to have a parting of ways?
Either a phone call or an e-mail, whichever you prefer. "Thanks for your time & effort, but we have decided that we are best represented by some other agent. Have a nice day." Never even mention the mortgage pre-approval, as that has nothing do do with yru choice of real estate agents. UNLESS your mortgage preapproval was written by your real estate agent. In that case, it's legally irellevent, but might get dicey on a personal level.
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Old 04-22-2008, 10:16 AM
 
Location: Salem, OR
15,577 posts, read 40,434,848 times
Reputation: 17473
I agree with Bill's response. Make it short and sweet.
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Old 04-22-2008, 11:16 AM
 
Location: Denver, CO
3,530 posts, read 9,720,684 times
Reputation: 847
We let a realtor go once. He started getting all desperate sounding, as if this was some lover's breakup. I just kept repeating, thank you for your time, we've decided to look elsewhere...
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Old 04-22-2008, 11:47 AM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by celes_18 View Post
Hello everyone,
let me explain my situation. I got pre-approval from a mortgage broker who was a friend of the family. At the time I didn't have an Real Estate Agent at the time and I went with the agent at his office. After a month I've gone to only 3 showings, a total of 3 properties shes found and 10 that I've found, the last two showings were all properties I've found myself. I've only gotten 2 emails from her suggesting 6 properties this entire time, None of which were either the types of houses I'd asked for or the area. I have not signed a buyers contract with anyone and as much as I like her as a person I don't feel that shes a very organized agent or that shes doing much for me when it comes to finding a place. What is the best way to let go of an agent when you want to keep the mortgage broker? I think I need to find another agent whose a bit more dedicated but I also don't want to disrespect this agent in any way or what work she may have done for me. So my question is what is the way you guys prefer to have a parting of ways?
The question is, did you sign a buyers agent agreement with the one showing you the properties? If no, I dont see a reason to really tell them anything.. call another agent and continue.
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Old 04-22-2008, 12:32 PM
 
Location: Central NC
414 posts, read 1,257,521 times
Reputation: 129
Yeah be prepared for a line of excuses and pleading requests. :-) Like the pro's have told ya, short and sweet. Although Pghquest is right in that you don't have to tell her poopie squat, it's courtesy and keeps your good karma in check. I encourage you to take a week and interview several agents. It's definitely worth it. Best of luck!
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Old 04-22-2008, 12:37 PM
 
8,754 posts, read 10,168,703 times
Reputation: 1434
I wouldn't make excuses at all. If someone does not want to work with you, you are better off to end the relationship. No one will be happy in this situation in the long run. I would at least send an email explaining.
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