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[quote=Anonymous][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]
Agreed but if they have a good selling agent they should be getting above what they’ll get without one bc the agent will tell them what repairs to make, help stage it, etc and then argue the comps w/ any appraisers. The tension of having it on the open market psychologically pulls at people and they know they need to be competitive if they want it. The sellers are giving up the chance of a bidding war. Yes they’ll save 5% but they’ll also have to coordinate everything themselves w/ the settlement attorney, appraisers, present the comps to the appraiser, etc. [/quote]

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