Takw my 300k property off the market for $100. Option fee??!!

[Account Closed]

I have a high end house and I have it listed in the MLS. So I had 3 realtors so for want to take the property off the market for an $100.00 option fee and a boatload of contingencies where the buyers could back out wherever they wanted. I tried to reason with the realtors that this was not a strong offer with no real money at risk and plz remove the contingencies. They all let me know this is how they did Bussiness and they would take there buyers elsewhere or there must be something wrong with my property for me to want $1,500. Real money at risk. How is 1,500.00 on. 300k house even a big deal for a true buyer?.$1,500.00 is not much on a 20k house.

[Greg H.]

@Joel S

People living in other states will not understand this question as in Texas we use an option period as opposed to an inspection period.  Buyer pays $xx for xxx days to do any and all inspections and satisfy themselves as to the condition of the property

In reality, a TREC contract many other reasons for the buyer to back out and receive their earnest money back. Financing contingency, HOA, title commitment, seller's disclosure, survey objections and the such. In fact, the seller's disclosure gives 7 days anyway

Yes $1500 is way too high.  The standard would be $100-150 for 5-7 days.  Again, basically 7 days are built in anyway.  A retail buyer should have the opportunity to inspect the property and yes seller's fail to disclose issues all the time.  Keep in mind this is coming for a guy who flips a lot of houses to retail buyers.  

300K in San Antonio is high end ?  Maybe 10 years ago