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