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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So buyer #1 offered $543,200. Did buyer #2 offer $550,000?[/quote]

The selling price was $550,000 and both buyers agreed.

Offer 1 : $550,000 + $16,800 seller assistance. We declined.

Offer 2, 30 days later : $550,000, no seller credit. We accepted.[/quote]

Sorry I made a mistake. The selling price was $550,000.

Offer 1 : $560,000 + $16,800 seller assistance. We declined.

Offer 2, 30 days later : $550,000, no seller credit. We accepted.

If the offer 1 was a great deal our agent didn’t explain anything he just was eager to accept any offer.
[/quote]

Offer 1 : The buyer’s agent wanted a 3% commission instead of the 2.5% we were offering. Her client refused to cover the missing 0.5%. So 3% on $560,000.

In the meantime we decided to increase the buyer’s agent commission to 3%.

Offer 2: Buyer’s agent commission 3% but it was calculated on $550,000 rather than $560,000 as in Offer 1. Our agent received 2.5%.

Our mortgage interest rate was low : 3.1%[/quote]

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