My Real Estate Agent Can’t Sell My Property, What Should I Do?

My Real Estate Agent Can't Sell My Austin House

Real Estate agents in Austin, Central Texas and around the world are paid to do one thing – sell real estate. Homeowners hire real estate agents because the work of selling a house is a full-time prospect, and for most people doing the job themselves is at best impractical and at worst counterproductive. So what is a seller to do when it doesn’t seem as though the agent they’ve hired is able to sell their property?

Clarify Your Expectations

As a seller it is your obligation to have certain expectations of your real estate agent and to have those expectations made clear to the agent in writing. Having the proper foresight to include everything that is expected of an agent in the contract that you sign with him or her is paramount when preparing to sell your home. It’s something akin to a prenuptial agreement – parting ways with a real estate agent because things aren’t working out is not something you want to have to go through but if it reaches that pitch, it’s better to be prepared for it.

As an example, you may want the agent to do at least four showings per month. If that’s the case, it isn’t enough to simply tell them that you expect four showings per month, but you also need to define your terms. What constitutes a showing? Some agents may consider driving a prospective buyer past the house and pointing to it as a showing. Should the agent hold an open house each month after a certain number of months if there are no prospective buyers? How should the home be listed and where? These are just a few of the things that sellers need to make sure are spelled out specifically before signing a contract with an agent. That way if these things are not carried out it can legally be considered a breach of contract and the seller can opt out and look for another agent in Austin.

Get Tough Or Wait It Out

So what can you do if you don’t have the specifics in writing and the agent doesn’t seem able to sell the property? Unfortunately the answer is ‘not much.’ Most real estate managers claim that the number one complaint that they receive from sellers about agents is that those sellers feel they were led to believe that their property would be shown more frequently. If you didn’t take the time and do the due diligence involved in specifying what you expect from the agent you are hiring then in all likelihood your house will sit as dead weight on the market until the contract with the real estate agency expires. If that ends up being the case, however, you still have every right to keep after the agent about what he or she is doing to sell the house and establishing dialogue about what else can be done and what you can do to help accelerate the process. It may mean more work on your part but it’s about all you can do short of waiting for that contract expiration date to arrive.

Missing Payments

It doesn’t take long for lenders to begin the foreclosure process. Typically after two payments have been missed they will issue a letter demanding that the borrower pay the past due amount. Once three payments have been missed – usually after the 90-day mark – the lender starts foreclosing on the home. Once notice is given to the borrower that they have defaulted on their mortgage, they are given an additional 90 days to discuss payment options with the lender and possibly modify the loan. But since the foreclosure process has already begun, the real estate agent is going to be proactively marketing the home for sale, so it’s best to try to beat them to the punch and do everything you can to make the sale yourself.

Sell Your Home To Tally Two Investment Group Of Austin, TX

You can continue waiting or pursue another option. We buy homes in Austin, Lakeway, Bee Caves, Dripping Springs, Barton Creek, Pflugerville, Cedar Park, Leander, Round Rock and most other areas throughout Central Texas. If you’d like more information about how we can help you sell your home quickly for cash, call 512-763-0883 and let’s get started today.