Exclusive buyer agent agreement vs. right to sell.

[2bindenver]

The Seller sets their asking price. I only give a range of what past buyers have paid past sellers and what is currently available for sale.

Not my house, not my decision to make.

[howard555]

Originally Posted by 2bindenver

The Seller sets their asking price. I only give a range of what past buyers have paid past sellers and what is currently available for sale.
Not my house, not my decision to make.

If the seller's asking price is too high you walk?
Or enter into an agreement since the price may be reduced a time or two to a level that is not wasting your time.

[Brandon Hoffman]

Originally Posted by howard555

If the seller's asking price is too high you walk?
Or enter into an agreement since the price may be reduced a time or two to a level that is not wasting your time.

If the price is too high and I don't think I can sell it, and the owner won't agree to some pre-determined price reductions at the time of listing, I'll pass on the listing. An example of language I would use in the ERS: After 21 days on market, the asking price will be reduced by 5%.

Why should waste my time when I have very little possibility of getting paid? Also, those are the sellers that are the most difficult, constantly complaining or badgering you to "do more marketing" when it's their price that's the problem. Then if you do happen to sell the house, you have to go through inspections and if there are any repairs issues, those sellers tend to kill deals by refusing to do repairs.