Chris Yochum

Hi Ryann, you will want to refer back to the offer and read it thoroughly, talk with your agent representing you and even a real estate attorney to advise for your specific situation. Depending on your state and the contract you accepted, generally you can accept back up offers that would go in back up position. This means that if the the buyer defaults or backs out for any reason you are able to move the back up offer into first position and proceed with it. Generally in my area, it is not recommended that the seller back out for a better opportunity or they can be liable for actual damages to the buyer.

Hello Ha, looks like you are asking as a buyer and wanting see if the agent will reduce their commission. If so, you will want to find out how the agent is getting compensated. Personally when representing a buyer I very rarely get compensated by the buyer at all. In general, the buyers agent will get a commission offered out by the sellers Broker. In this case, generally it is not standard practice to negotiate the commission if you are not the one paying it. If the buyers agent has an agreement with you on compensation then you can certainly ask if they would work with you on lowering their fee. Some are willing to do so, though others are not. Either way, in that case you can ask and unlikely going to be taken as rude.

Generally pricing higher means less exposure, less buyers and less money in the end. The more competitive you price it the better the end result in most cases. When pricing it high, most buyers wont look at a home thats prices higher than others comparable homes. If they do view the home, they are comparing yours to others that have more features and amenities. You will be helping your competition sell.

Generally the seller will pay the commission and be put in the contract. The other way is for the buyer to pay for the real estate agent commission, though if the buyer pays for the commission then is the buyer going to be willing to pay you the same amount they would have if seller was paying for the commission. In most cases it tends to be a wash. Who ever pays for the commission the seller generally nets about the same amount regardless.

You might be setting yourself up for failure, not giving yourself enough time. You can certainly lock up a rental in a matter of a day or 2 in many cases, though if your not familiar with the area moving to and moving to quick, it can be a recipe for disaster. Couple thoughts, maybe stay in a motel for a little while till settled in the area. Another idea, maybe contact the property owners of interest in advance to moving and discuss the situation and lock something up prior to moving to the area.