How to Break Up With Your Realtor
Selling a home is a big decision that involves a lot of time and trust. You want to make sure you’re comfortable with the process, which often means taking matters into your own hands. Whether it was a bad service experience, a disagreement on pricing or a desire to save money as a home buyer or a home seller, you’ve decided it’s time. Time to break up with your Realtor.
Do Your Research. Before you make the decision to go out on your own and not work with an agent, make sure you understand everything selling a home on your own entails. You’ll need to be able to confidently answer questions such as:
- Why do I want to sell?
- How much prep work do I need to do?
- What’s my goal for selling my home? Is it to make a profit or simply relocate?
You’ll need to gauge your finances, assess your home-selling approach and be strategic in your pricing. We created a helpful free three-step guide to give you more information to guide you through the process of selling your home on your own.
Consider Your Contract. Have you signed anything with a Realtor? If so, it’s likely the paperwork you signed included a contract of representation, which is a contract that locks you into working with that Realtor for a set number of days. These contracts are legally binding and can be hard to get out of, so read the fine print carefully.
Talk To Your Realtor. Generally speaking, Realtors are reasonable professionals who want to do a good job. The best course of action is to sit down and have an honest conversation with your agent and let them know why they aren’t meeting your expectations. Many Realtors will graciously step aside. Make sure you keep your tone professional and stick to the facts — keep emotion out of it.
Put It In Writing. Once you’ve had the verbal conversation with your Realtor, summarize the conversation in writing. This can be done via a quick recap email to prevent any confusion or misinterpretation from either side.
Give a Gift. If there aren’t personal or ethical concerns, consider referring your Realtor to neighbors or friends who want to work with an agent. Additionally, a $50 gas card as a parting gift serves as a thoughtful gesture. Add a kindly written note thanking them for their time to help soften the blow a bit.
Remember, at the end of the day, a Realtor-client relationship is a business one. Even if the agent is a friend or a family member, ending the relationship with grace will help preserve the connection and allow you to move forward on your terms.