It can be hard trying to sell a home, especially if the housing market is a bit unstable. It becomes even more difficult though if you have a realtor who isn’t working for you. If your realtor isn’t working for you, you could try to find a more suitable one. However, you may just end up going through the whole process again. One option is to use a cash house buyer to sell your home. It cuts out having a middle man because cash house buyers have access to their own funds. Which means you could sell your home a lot faster.
But what do you do when you are already in a contractual agreement with a realtor? Does it mean you’re stuck until the home finally sells?
Issues with Realtors
Sometimes finding a realtor that matches your needs can be hard. Communication is one of the biggest issues many sellers have with their agents. From agents who are hard to contact and agents who keep making mistakes with your requests, it can make the selling process even more frustrating.
There are also times when a realtor may be in breach of the contract, for example, they fail to correctly market your home, they disclose your personal information, or they fail to get you the best price for your home. In these cases, where there has been a breach of contract, you are well within your rights to cancel the contract.
Cancelling the Contract
Before you even enter into an agreement with a realtor, make sure there is something in the contract that allows you to be released from the agreement upon request. Also, be sure to ask about any cancellation policies that are in place before signing an agreement.
Something else to ask for is a Termination of Buyer Agency form. This can cancel out written and oral agreements. The best way to get out of such an agreement is through mutual consent. However, if you and your realtor clash quite a bit, it’s important to keep a cool head. Threatening them can just make them less helpful.
This can be a bit tricky because many right-to-sell listings have a protection or safety clause within the contract. Should your agent refuse to cancel your listings when requested, you can go to the broker used by the agent and request that they cancel. Should the broker refuse, you may want to consider asking them to assign a different agent to you.
In the event that you can’t find a workable solution, you may need to get a real estate lawyer involved to help terminate the contract. It’s a good idea to let the broker know that you will be doing this. They may suddenly find a way to work with you rather than involve a lawyer.
Of course, you could avoid the hassle of having to do this by choosing to sell your home to a cash house buyer. You won’t need to rely on a realtor to sell the home, which means less time having to wait with your home on the market. In most cases, a cash house buyer like ourselves can buy your home in 7 to 14 days. You won’t be paying agent fees, or other costs associated with selling your home in the traditional way and it cuts out the headache of having to deal with cancelling your contract with your realtor, which will hold up the selling process even more.
If you have questions about selling your home to a cash house buyer, give our team a call today!