Did we make a mistake in choosing an agent?
We have had our house on the market 3 weeks. One showing the second day. Nothing since then. A brokers' open house tomorrow (these open houses are rotated between closely located towns in our area and our town wasn't slated for one until 9/8).
Before hiring our agent, we talked with two others. One was highly recommnended by a buyers' agent, but after meeting with us he was vague about when he would get back to us with a market analysis. We had to call him to get him to bring it by. Also, his agency charges a $300 "transaction fee", even if the house sells. I can understand if we fire him or take the house off the market, after he's spent money marketing, but after getting his 3% ($13,000 or more) in commission? Also, he touted a homebuyer's warranty which would cost us another $300 plus.
The agent we went with is/was a top seller in the area. She immediately returned calls (very important to me) and has been on top of things, taking photos, getting it listed, getting brochures to us, etc. She is also paying for the homeowner's warranty insurance. She says that one other possible buyer contacted her after driving by and he had objections - too small a back yard for his children to play in, driveway not big enough (kinda lame and it doesn't sound like he even consulted his wife). Didn't get in to see it and we had to call our agent a couple of times to see what was going on.
So, we're wondering if we made the right decision. Three homes within two blocks of us have sold in the last 2 months so it's not that no one is buying. They were all listed for more than our house but were a little smaller or didn't have the lake and mountain view that we do.
What's your opinion? We think that if we don't have any more showings by the end of September, we will take it off the market and re-list in Jan. or Feb. Our agent was very strongly recommending that we list ASAP to get the maximum exposure during August and Sept.
The reason we're selling is to build. We close on our lot the end of Sept. Buying it in a short-sale and it's a real bargain (about half of what the first two lots sold for in 2007 but the developer wasn't able to sell any more when the housing bubble burst).