Virginia Real Estate Blog

Can you fire your agent?

Can You Fire Your Real Estate Agent

Buying or selling a home can be a stressful situation. When you are having issues with your agent, it can become untenable. The most common complaint from clients is that their agent does not communicate with them enough and aren’t responsive to their needs. While all relationships can have differences, how do you know if it’s time to fire your real estate agent?

If the relationship has reached the point where it’s unproductive, it’s typically better for both parties to terminate the agreement. If you find yourself dreading a conversation with your agent or if you complain about them to others, then you are wasting valuable time by trying to salvage the relationship and it may be time to move on.

Firing a real estate agent is not as simple as it sounds, however. A listing or buyer’s agent agreement are legal contracts with an agreed-upon time frame. Unless the agent agrees to cancel the contract, you are obligated to continue working with them. One suggestion is to reach out to the broker of the agent to ask to cancel or work with another agent; the contract is held between you and the brokerage, so they have some flexibility. You may also offer the agent a referral fee, paid when the transaction concludes.

Choosing the right real estate agent is a critical component of a successful transaction. Before signing any contract, understand the options for cancellation and add a clause, if possible. If you have a contract and want to fire your agent, stay calm and work with your agent and their broker to find a fair solution.

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Hiring a Listing Agent

Additional Criteria When Hiring a Listing Agent

Most sellers spend a long time considering whether they should sell their home. These same people who have considered all the financial and personal pros and cons of moving hire the first real estate agent they like. While certainly it’s important to find an agent you can communicate with, the right agent brings more than a pleasant demeanor to the transaction and it’s critical to choose the right one.

Before signing with the nice agent who stopped by the community garage sale, interview a few local options. Ask friends and neighbors if they have any recommendations and arrange a sit-down visit with the agents. Ask questions, such as:

  • ·  How many homes have you listed and sold in the past year?

  • ·  How do you handle the marketing of the home?

  • ·  Will you hold open houses?

  • ·  What kind of offer should I expect? How will you handle multiple offers?

    Ask for specific examples of how they have handled difficult situations in the past. What if the appraisal comes in low? How do we negotiate request for repairs? Most importantly, ask what list price they recommend and why. You should expect a full comprehensive analysis and the agent should be able to answer any questions you have.

    Finally, ask for references and call them. Ask the references the tough questions – what did they like and dislike about the agent? Buying or selling a home is typically the largest financial decision of someone’s life, hiring the right listing agent is the most important aspect of a successful transaction. Choose the best agent, not just the one that seems nice.

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What is a kick out clause?

What is a Kick-Out Clause

As the seller’s market continues to thrive across the country, sellers are wondering how to choose the right offer. The frantic pace of the real estate market has resulted in multiple offers on desirable properties. While this may seem like a great problem for sellers to face, how do they know that the buyer they choose can close on the home? Many times, sellers make quick decisions and hope for the best, even as home prices continue to climb.

This is where a kick-out clause can help.

A kick-out clause allows a seller to continue to market the home for sale after accepting a buyer’s offer with contingencies. It also outlines the conditions under which a seller can cancel, or kick-out, the contract if they get a better offer.

Most real estate contracts include contingencies. Most common include loan approval, appraisal, and home inspection. Often buyers will also include a contingency to sell their current home. A kick-out clause protects the seller from an escrow that drags on past the agreed-upon time frames. For example, if a buyer is unable to sell their home or home inspection negotiations continue past the time frames agreed to in the contract, a seller can use the kick-out clause to force the buyer to remove the contingency or cancel the contract.

Once escrow is opened, typically both parties must agree to close the process. This can cause delays that cost the seller both time and money. A kick-out clause is one way to ensure the escrow closes on time, and that there are back-up offers ready to go if it doesn’t.

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Modern Farmhouse Trends

Modern Farmhouse Styles – The Trend Gets an Update

Farmhouse décor has been a trend for the last decade. The look combines functionality with a relaxed, lived-in feel. Pieces look slightly worn, rustic, and inviting. The ease of the farmhouse style is one of the reasons for its lingering appeal as designers look to modernize and update the look.

Modern Farmhouse style continues to emphasize a neutral color palette and sustainable materials, such as reclaimed wood and used brick but adds more sophistication to the theme. Capitalizing on the boho trend, the Modern Farmhouse style might include accent pieces in wicker or kilim rugs and pillows, warming the room and merging it with more traditional elements.

Contemporary designs such as Industrial and Scandinavian also get an update when mixed with Modern Farmhouse. The bright, light rooms of a Scandinavian Farmhouse look might include a rustic kitchen table or distressed flooring. While cold, Industrial design adds warmth with a sliding barn door entry or rich leather chairs.

The farmhouse style focuses on comfort, practicality, and an informal lifestyle. Today’s family enjoys this kind of living environment because it offers an easy and flexible design. Inexpensive accent pieces are also readily available which makes the style accessible to everyone. Modern Farmhouse is an updated version of the original, incorporating fresh looks and merging textures and palates to suit the contemporary homeowner.

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