Q: I requested a change in selling price. My Realtor refused to send me an authorization to change the price because he did not agree. He said that we both had to agree to a price change, so unfortunately he would not send me a change form.
?Carol, Orange City, FL
A: Why do you both need to agree to a price change? Your Realtor may not agree that changing the price is in your best interest, but the bottom line is that it is your property, so you are the boss. You get to set the asking price. Having said that, your Realtor probably has better information than you and knows what price your property will sell for. Since the two of you obviously disagree, though, you may want to get opinions from 2 or 3 other Realtors, or even go as far as getting an appraisal before making any changes. Ultimately, if your Realtor disagrees with the price change, tell him to terminate the listing agreement so that you can find a Realtor who will list your property for the price you are comfortable with.
Phil Lunnon is a Realtor? with Lunnon Realty in Lakewood, CO.
A: It is not clear from your question whether you had already entered into an agreement. If so, your agent is correct that one party cannot make a change in the price without the consent of the other. There are usually terms in the agreement about inspection and appraisal contingencies which can result in a price change but only if the procedures are followed. Many agents do not like to reply to this type of question because it appears we are ?bashing? your agent. I always feel bad for the people who do not trust their agent or the process. This is a very costly transaction and deserves the kind of relationship where people believe they are getting the very best representation. Being an exclusive buyer agent (meaning I do not handle listings), I take this job very seriously and take the time to explain to my clients the process and what to expect.
Linda Walters is a Realtor? with Sage Realty LLC in Wayne, PA.
A: First of all, this agent has forgotten that he works for you! You are the owner and seller of the property and unless his name appears on the deed you do NOT have to have his permission to set the selling price.What justification did he give for not thinking your price change was a good idea? If you haven?t already done so, contact his/her broker and report this incident. You do not mention if you wanted to increase or decrease the price. He may disagree with your decision but either way you are in control. If you can not get any cooperation from the broker, I would suggest that you ask for a ?release from the listing contract? and take your business elsewhere.
Joanne Bernardini is a Realtor? with Coldwell Banker-Casa Bella Realtors in Linwood, NJ.
A: I have never heard of that, but suggest you read your listing agreement.
David Welch is a Realtor? with RE/MAX 200 Realty in Winter Park, FL.
A: WOW, if the Realtor disagrees she/he can voice the reasons to you, but we are supposed to do what you ask. If you can?t get the form, I would recommend calling the broker.
Pat Baker is a Realtor? with Leslie Wells Realty in Parrish, FL.
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