Why won’t the seller lower his price since I don’t have a buyer’s agent?

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08/26/2014 | Author: TAR Legal Staff

I offered less than full price for a house because I don’t have an agent. The seller won’t lower his price. Doesn’t he have to, since there won’t be a commission paid to a buyer’s agent?

The price (and other terms) a seller will accept is entirely up to the seller. The seller can choose to lower the sales price for a buyer who has no agent, but he or she has no legal obligation to do so.

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Categories: Legal, Buyers, Sellers
Tags: legal, legal faq, buyers, sellers, selling, consumers, buying, negotiation


Justin Moore on 08/28/2014

It does not matter if you do not have a buyer’s agent.  You are not saving the seller any money, he still has to pay the listing agent 5-6% of the selling price of the house, which is no savings to him at all.  There is no way around the listing agent, I would recommend you use a buyers agent to help you negotiate and secure pricing that is acceptable to both parties.  Also to consider, there may be multiple offers on a home, if there are multiple offers, he/she will wait until someone offers more to accept an offer.  Hope this helps.

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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

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