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Real Estate
Reply to "Determining price for off-market sale"
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[quote=Anonymous]For those saying the seller has all the power, and the buyer shouldn't get anything out of this... Even financially, this is not completely accurate. Suppose seller thinks they can get $1.4M on the open market. Assuming buyer seller agents take 5% ($70K), that nets seller $1.33. Seller and buyer can split the difference and transact at $1.365M for a win-win. And that's before you factor in any value the seller gets out of doing a quick off-market transaction. So while seller should drive what they expect to get on the open market, the win-win transaction is splitting the foregone agent fees.[/quote]
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