FLU your questions (IMO) really have alot to do with your representation. For instance if you FSBO the home then you can do whatever you want, accept or reject any offers as you see fit. I don’t believe there are any legal cases of a FSBO seller being brought to court by a FSBO buyer where the buyer was bitter cuz the seller had no intent to sell at an advertised price.
Now if you are in a contract with a realtor for representation and you price the home at any price, and you reject an offer that comes in at price you may run into serious problems. When you sign that listing agreement you are indeed bound by the agreement and by neglecting to accept an offer that comes in at a price that you originally agreed to price it at with the Realtor, there may be a liability issue on your part, you see what I am saying? It all depends on the text in the contract. If you violate those terms you could be held liable not to sell your home but to pay the agreed to commission.
So based on your example above, forget about the neighbor, just worry about the liability you may incur by entering into a contract between yourself and the listing agent. Alternately FSBO it and do whatever you like…
