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We are almost 60 days through our 90 day listing.
I was told by someone that when you are listed, agents cannot contact you during your listing.
If we plan to re list with an agent in our town, rather an agent in the next town, WHEN can we contact an agent? Do we have to wait until the expiration date of the listing?
We want as little time as possible to get the listing with the other in town agent up and running, photographs, etc.
If we are able to contact the new agent during our listing, discuss our selling objectives, be able to sign a listing the day after expiration, have a photographer lined up for the next day, that would be ideal!
Thank you in advance!
You can contact the agent any time. You can sign the listing agreement today with the stipulation that it takes effect upon expiration of your current listing agreement.
You can complete new disclosure forms now, dated for the day after expiration.
You should not disparage your current agent in any way or lead the new agent into similar disparagement or gossip. Just keep it objective business.
They can shoot the house the day after expiration, and you should be able to be on the market within a day or two.
The new agent's behavior is regulated and there are ethical expectations.
The agent should in no way solicit your listing, or give you a sales pitch.
The agent cannot advertise the property in any way, including "talking it up," until their listing agreement is in effect after the termination.
The agent should arrange their own photos, whether they shoot or they have a photographer. Should not reuse your current agent's photos without permission.
The agent should do their own write up, and not steal the other agent's work.
The agent should certainly not criticize, "bad mouth," the current agent in any way.
Last edited by MikeJaquish; 08-08-2019 at 04:14 AM..
I agree with the above. But I’m curious why you are seeking to go with someone else already. And who the heck only does a 3 month listing agreement? That is not typical in my market. Even with the market being hotter right now, some price ranges sell faster than others, particular houses have problems that make them less desirable in comparison to others, some are just not priced right (this is the case more often than not).
I agree with the above. But I’m curious why you are seeking to go with someone else already. And who the heck only does a 3 month listing agreement? That is not typical in my market. Even with the market being hotter right now, some price ranges sell faster than others, particular houses have problems that make them less desirable in comparison to others, some are just not priced right (this is the case more often than not).
I have done as short as 30 day listings, letting the client "test drive" my work with right to not extend.
There is little risk in a sellers' market, as long as I do my job.
And, I actually quit doing it because a few people wondered about MY commitment...
People are leery of "marrying" an agent for extended periods, and the stories here are legion of folks who wish they could get out of their listing agreement for one legitimate reason or another.
We often see listings that are withdrawn within 60 days. I just figure it is a bad fit between agent and client.
I agree with the above. But I’m curious why you are seeking to go with someone else already. And who the heck only does a 3 month listing agreement? That is not typical in my market. Even with the market being hotter right now, some price ranges sell faster than others, particular houses have problems that make them less desirable in comparison to others, some are just not priced right (this is the case more often than not).
Why would anyone (besides agents) want a listing agreement for a longer period? They shouldn't lock themselves in for longer than they're comfortable. They could always re-up if desired.
I have done as short as 30 day listings, letting the client "test drive" my work with right to not extend.
There is little risk in a sellers' market, as long as I do my job.
And, I actually quit doing it because a few people wondered about MY commitment...
People are leery of "marrying" an agent for extended periods, and the stories here are legion of folks who wish they could get out of their listing agreement for one legitimate reason or another.
We often see listings that are withdrawn within 60 days. I just figure it is a bad fit between agent and client.
Most of ours here are 6 months. I don’t see too many withdrawn in a short time, mostly longer ones that are not selling. I’m sure it happens and I just haven’t noticed.
Anyway, for the stats on when a home sells in my market, it doesn’t make sense to do a 3 month. Your marketing is just getting enough traction to really get people looking. I’m not about to spend my time and money marketing and then have it expire at 3 months - whoever gets the listing after me will be reaping the benefits of the marketing I’ve already done. This is why I always mention that expireds often have a clause for the original LA to get some part of the commission for a set amount of time. That’s just what is normal in my area, and I mentioned in my first comment why a house may not sell as fast even in a hot market. Even if I advise the seller not to list at a certain price that I think is too high, it’s not up to me. If it’s reasonable, I would take the listing still and hope he comes to his senses sooner than later. But that can take a few months. From an agent’s perspective, it just doesn’t make sense IN MY MARKET.
Most of ours here are 6 months. I don’t see too many withdrawn in a short time, mostly longer ones that are not selling. I’m sure it happens and I just haven’t noticed.
"...sellers market..."
Over 30 days is stale here. 90 is a disaster.
And, one can extend in 10 minutes with a one page DocuSign addendum.
"...sellers market..."
Over 30 days is stale here. 90 is a disaster.
And, one can extend in 10 minutes with a one page DocuSign addendum.
Certain price ranges and neighborhoods here are much more highly favored over others. But if the price is seen as a good value, almost anything can go quickly, if the seller can live with the lower price point.
A re-up might be quick to execute but that’s still time spent and anxiety over the uncertainty of them renewing.
Certain price ranges and neighborhoods here are much more highly favored over others. But if the price is seen as a good value, almost anything can go quickly, if the seller can live with the lower price point.
A re-up might be quick to execute but that’s still time spent and anxiety over the uncertainty of them renewing.
No real time or anxiety when one is poised and recognizes that it is a "touch" with the client, among other open conversation during the process.
It is all about how an agent handles it, professionally and open, or less so.
And, usually, having earned trust with businesslike performance, a re-up is for longer than 60 days.
But, again, a few prospects wondered if they would be left in the lurch, with a Withdrawn listing on the MLS history, so I drifted away from offering it.
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