FSBO w/buyers agent

[Daria B.]

Hi- Happy Friday! I got my 1st FSBO. I'm not experienced in this and am looking to my agent for assistance. I am willing to offer 1% to her for this. I found the house and saw it with the owners. I've read other posts similar to my situation and 1% seemed fair from that discussion. Agent filling in the agreement and the go between to ensure all the t's are crossed and i's dotted. Question on process that I think I have but would like confirmed if you will. My agent will write this up and send to sellers with offer, buyer agent to be paid by buyer, to include contingencies (finance and inspection) with all x days filled in for inspection period etc. Sellers accept and the clock starts count down to get financing, inspection, appraisal, survey, title..... Everything else is then getting to closing granted the appraisal comes back at or above offer price. If it's below, sellers have to adjust down to appraisal as the bank will not finance more than that amount and buyer (me) will not make up the difference. Do I have this correct? Thanks