September 14, 2020

True or False? A Seller Always has to Accept a Full-Price Offer

My seller’s property was listed on the MLS for $150,000. A buyer made a full-price offer, but my client decided not to sell. Now the buyer’s broker says my client has to accept the full-price offer. Is she correct? No. A seller is not bound to accept any offer, even at full price. However, your &hel
Background

My seller’s property was listed on the MLS for $150,000. A buyer made a full-price offer, but my client decided not to sell. Now the buyer’s broker says my client has to accept the full-price offer. Is she correct?

No. A seller is not bound to accept any offer, even at full price. However, your seller could be in breach of your listing agreement by refusing to accept the full-price offer.

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