Do I have to accept a full price offer on my home when its for sale on the public market?
No, a home seller is not obligated to accept any buyer’s offer, no matter the price or the terms. Until both parties sign a contract, it is just an offer. Just because a seller lists the home for sale in the MLS and has open houses they are not under any obligation to accept a full price offer. However, many real estate listing agreements specify that if the listing agent brings the seller a full price offer, the agent is due the commission. Sometimes brokerages enforce this, many times they do not. If you are not ready to sell, it’s better not to list your home for sale publicly.