Post # 1
I need some other perspectives. My Darling Husband and I are getting ready to sell our home. His mother works as a realtor on a very part time basis. She has maybe sold 11 homes in 15 years and I think most of them were homes of family members, including two previous transactions from us. She has another full time job. Darling Husband is adamant that we use his mother as our realtor as we used her in the past and he will not “fire” his mother. I do not want to use her this time. I understand this is his mother, I do, however, I dont think that using her is what is best for us as a family. She has limited experience and limited knowledge of the market, as she doesnt do this often. I feel that this could hurt us making a profit in our current home as well as negotiation the best price possible in our hopeful new home. I have asked her for recommendations on any updates/changes we should make prior to listing our home and she had no idea, like she didnt know that was something that realtors did. She simply just doesnt have the experience or knowledge that could benefit us in anyway. Of course I dont want to jeopardize my DH’s and MIL’s realtionship, but I do feel that my Darling Husband should make our family and our best interests a priority. I wish my Mother-In-Law would bow out knowing working with her isnt in our best interest, but there is no way she would do that. It is clear that she will not let this commission go. She has made comments in the past about being upset when other family members dont use her, but it understand why they dont use her. It’s now a source of contention between Darling Husband and I, but I dont think I want to cave. If this was my mom, I know she would give us her blessing to use the best possible to help benefit us. Bees, Am I wrong?
Post # 2
You’re not wrong, I’d definietely use a more capable realtor. This sounds like a side hobby for your Mother-In-Law and I wouldn’t put something this important in the hands of someone’s side hobby.
Post # 3
If she were anybody else you’d fire her because she isn’t a knowledgeable realtor. I would dig my heels in on this one.
Post # 4
- Wedding: Las Vegas, Nevada
100% not in the wrong. Stand your ground. I wouldn’t even consider her not only because of the conflict of interest but clearly she isn’t knowledgeable on how to sell a house in the current market – don’t jeopardize your future over someone else’s feelings.
Post # 5
- Wedding: April 2017 - City, State
Absolutely stand your ground. Under what other circumstances would you hire someone to do a worse job than you know someone else would? I would tell your husband that his mother has had multiple chances to make money off of you guys but it’s time to hire someone who can get your the best deal. I would also maybe have him speak to those family members who opted not to use her so he could see why.
I would refuse to move (for as long as it’s feasible) until he agreed to work with a reputable realtor. He is not doing what is in the best interest of your family. He’s doing what’s in his best interest, which is appeasing his mother.
Post # 6
This is massive investment thats worth hundreds of thousands you are talking about here… not something small like getting rid of a dining room set, every single dollar counts stand your ground.. shes literally sold less than a house per year
Maybe her feelings will be hurt but she can get over it, this will literally be your future home and how much you sell current one will directly impact what you have in the future.
ETA: I cant believe shes even thinking of charging you commission
Post # 7
You need a realtor that knows the market and can get the job done quickly. This is not the time for someone with a side hobby.
I can’t believe she’s charging you a commission. I would tell him that if he wants his mother to do the job you will pay her $500 to $1000.
Post # 8
It’s a longstanding tradition in my family that we do NOT mix business with family ties. It’s worked out well for us, and we’ve seen other families go up in flames by not abiding by this principle.
Stay strong, don’t do it.
Post # 9
I should clarify that she is associated with a real estate company who she works for, I believe, approximately one day every two weeks. I dont know what she does when she’s there as she doesn’t seem to have any non family clients. I dont know if because of this she has no choice but to charge us a commission as I assume it would be listed under the company. But either way she plans to take her portion of the commission.
Post # 10
You’re not wrong. And I say that as a Realtor. It’s really important to be 100% competent in ypur market as a Realtor. You could cost people thousands if you aren’t. Furthermore, if you’re not looking in an area she’s familiar with, she should immediately just bow out. Realtors work in small areas so they can get really good at being familiar with those areas.
This is tough because most Realtors I know hold massive grudges when someone they know doesn’t use them. I think it’s silly. In my area, most people know a few Realtors, so you can’t just assume you’re going to be chosen even if you are family.
PS- to the person who mentioned charging them for commission, she likely can not control that. Technically any commissions earned, are earned by the brokerage (like Century 21, ReMax etc) not the agent. Th brokerage then gives the agent their share. Brokers don’t often go around agreeing not to charge a commission. They really don’t care that it’s your mother or daughter or uncle. They’re in business to make money selling real estate. That goes for the big names, smaller brokerages mag be more willing to work with their agents on cutting commissions for friends & family. I work for a big broker and still had to pay more than half of my commission to the brokerage when we bought & sold our own homes.
Post # 11
Ask her how she intends to market it. If she doesn’t have a lot of plans (staging, aerial views, online marketing plus zillow) that’s not good. Ask her if the market is soft, what similar homes in the area have sold for. If she’s just going to put it in the multiple listings, and she doesnt have the answers to your questions you have ample reason to give her a pass because that’s just not enough these days.
Post # 12
What if she refers you to someone more experienced in her company and shares the commission?
Post # 13
mrscb2bee : I’ve had realtors reduce their commission fee, so it’s not unheard of, especially for repeat clients.
Post # 14
PaperQueen : On the list side for sure. You can list a house for 2%, if you want. Much harder to do when buying a home because the listing agent sets the commission. For example, in the MLS it will say 2.5% to Buyer Broker. The check will be written to the broker, ReMax, CB, KW whoever. If their broker agrees, great. But *most* aren’t going to
Post # 15
zl27 : I think she wants to be the documented realtor, could help her with future sales (?)