Gerald Williams's Advice

I'm with "wetdawgs"  basic idea, nothing more.....  The only real compairson is to examine actual recent sales of similar properties in the immediarte area.  My best advise is to contact a local realtor and ask them for a Comparative Market Analysis...

Most companies will cancel the agreement with a good reason. If are not satisfied with their efforts so far, you should discuss that with your agent or the principle broker for the firm. If you have decided you want to use a different firm and/or agent then simply tell them that. I don't think any firm would want a client who doesn't want to be their client.

The agent who was attending to the open house would probably not share in the commission... Typically the Seller pays all commisions and as a part of the listing agreement the seller allows the listing agent to offer a commission to the cooperating broker representing a buyer.    

As Tim & Rachel said, there are a number of things that need to be disclosed. Since you have not signed a buyers representation agreement you are free to work with anyone you wish. You may free bad about your relationship with the other agent but there is little you can do except be straight forward. I do hope your friend asked if you were working with an agent when he met you atr the Open House. If not, he should have. It is a common courtsey not to attempt to interfear with the client/agent relationship.Also another note of caution.... Friendship is Frienship, this is business. You are looking to spend a fair amount of money and you need to make sure you have someone representing your best interest.Since you did submit an ofer ona another house I suspect yo did sign an exclusive agent agreement when that offer was submitted , look at your copy of the offer and make sure. Good Luck

Thanks for you comment Norm,  you are a credit to you profesion and the he world,,, I do hope I have the opporrtunity to return the favor some day

Sorry, but I don't think anyone is going to refinance your home without an appraisal.in this market and especially in Cordova.   Tax appraisals are generaly lower than a potential sales priice. 

Send me the address etc info and I'll see what I can find

I assume they need time for their credit score to improve. As has already been suggested, ask your listing agent to confirm what's going on. I would be nervous if that is the reason. However a contingency contract giving a first right of refusal to the buyer would allow you to continue to market while the current contract "seasons"

If you cna share the address I will try to hlep.

Yes, it depends on a number of things that should probably not be discussed in a public forum alike this. I recommend you contact a local lender and discuss your personal situation with them