Is a seller ever required to accept an offer?

A seller is generally under no obligation to accept an offer from a buyer. That said, the seller might owe a commission if they refuse a full price offer without any contingencies. Since most listing agreements state the commission is earned once the broker has produced a ready willing and able buyer that has agreed to the price and terms set forth in the listing agreement. Sellers can reject offers for a variety of reasons. For example, if the offer is less than the asking price, if the offer is subject to financing but the buyer does not have a pre-approval letter from a lender, or if the offer includes unacceptable contingencies. Sellers can reject an offer as long as they don’t violate any laws. Your realtor will review every offer with you in depth, pointing out the pros and cons and helping you decide whether to accept reject or counter the offer.

Looking to buy or sell your home? Real estate purchases are some of the most important decisions most people make during their lifetimes. To see a current list of Branson area homes, visit www.BransonHomesAndCondos.com

Here we look at the pitfalls of buying and selling at the same time.

For all of your Missouri real estate needs, contact realtor Christopher James. Specializing in Branson Missouri area homes, vacation properties, and vacation rental homes. Visit ThePropertyMagician.com for more information.