Selling Your Home And Interviewing Agents? Don't Let The Cat Out Of The Bag.

By
Real Estate Agent with RE/MAX Realty Services Inc.

Selling Your Home And Interviewing Agents? Don't Let The Cat Out Of The Bag.

lady holding a catIf you're thinking of selling and have decided to interview a few real estate agents, even if you are not from the Brampton, Ontario, Canada area, be careful of giving away too much information.

If you're moving because you are wanting a larger or smaller place, somewhere closer to the children's school its probably not a huge issue but if it is because of a marriage breakup, financial reasons or you have bought firm somewhere and need to get sold, you may want to consider what you tell all the agents you are interviewing.

Normally you can only work with one agent and you should be honest and up front with that agent so they can represent you properly. Those other agents you interviewed and didn't choose to work with however, now will have information, if you have spoken openly, to pass on to buyers they may represent if they bring an offer on your property.

If when you are interviewing agents you tell them "we have to be out of this place in 30 days or less", or "I'm willing to go as low as xxx dollars to get out of here" or "we have until such and such a date before the bank takes over", the agents other than your listing agent has a duty to pass on that information to the buyers if they now have a signed buyer's agent contract with those buyers.

Interview real estate agents if you choose, be nice, be friendly, just don't be completely open about everything until you have decided which agent is right for you and your situation.

If you are interviewing agents in the Brampton, Ontario, Canada, give us a call 905-450-5500 or email getsold@rogers.com and find out why we have been voted 'The Best People in Real Estate' for the 16th time in 2011 by the residents of Brampton.

Selling Your Home And Interviewing Agents? Don't Let The Cat Out Of The Bag.

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Rainmaker
525,394
Morgan Evans
LICENSED REAL ESTATE SALESPERSON
Douglas Elliman Real Estate

It's definitely good advice to keep your cards close to your chest so to speak until you are fully committed to a certain broker.  On the other hand, it's a broker's job when interviewing with a seller to ask enough questions to figure out why they want to sell and what's important to them about the process. 

May 02, 2012 09:36 AM
Rainmaker
1,202,853
Carla Muss-Jacobs, Principal Broker/Owner
Buyer Focused ~ Buyer Results
BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time

Excellent advice.  The listing appointment doesn't bind the agent to fiduciary duties of loyalty, etc.  Anything the sellers may say may be letting the cat out of the bag.

May 02, 2012 09:59 AM
Rainmaker
124,323
Herman Herrera
Your trusted Staten Island Real Estate Expert
HERMAN & CO REAL ESTATE l Staten Island, New York

Some valid points here guys.  Though Fernando makes a good point about presenting the whole situation in order to make a fair presentation, I have to agree with you that certain information shouldn't be divulged until you choose your listing agent.  Good post!

May 02, 2012 02:01 PM
Rainmaker
1,223,784
Al & Peggy Cunningham Brokers, Brampton Ontario Homes For Sale 905-450-5500
RE/MAX Realty Services Inc.

Whoa! Pamela, hope buyers at the open house had their ears closed. Yes, if we were their agent we would be totally unhappy.

And probably will be Margaret!

Thanks Tia. Unfortunately yes, people expose it all.

Exactly Kathy. Keep your cards close.

It's definitely a fine line Morgan, but certain issues should only be between the Sellers and the listing agent.

Our thoughts too Carla.

Thanks Herman. Sellers have to be careful during interviews. 

May 02, 2012 05:03 PM
Rainmaker
340,613
Donna Yates
Real Estate North GA Mountains & Lakes Blue Ridge
Coldwell Banker High Country Realty

Al & Peggy:  Same goes for buyers if they haven't signed a buyer's agency agreement. Good tips for both sides.

May 03, 2012 06:10 AM
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Rainmaker
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Al & Peggy Cunningham Brokers, Brampton Ontario Homes For Sale 905-450-5500

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