It may be a close friend of yours but you still want to make sure the listing price is in line with recent sold comparables.
Price and condition are the number 1 and 2 reasons a house doesn't sell, with market conditions also being a factor.
Here in the Great Pacific Northwest, our listing agreements simplify matters. From this day, until another day, and for six months after that unless you list with another broker after expiration, you sell, we get paid.
If someone offers more money before the contract is up we will lose the house. That's fine, I will keep shopping.
I have nothing against FSBOs and have stated so repeatedly on this forum but regardless about how you feel about realtors, can you imagine putting yourself in this agent's shoes?
Obviously I don't know what kind of job this agent did, I guess the seller wasn't impressed. But regardless, as James pointed out, you found out about the house in some way. There had to have been some marketing and time and effort involved. Now apparently, you and the seller have no issue with waiting so you can make sure the agent gets no compensation whatsoever for their time and money?
I guess, since I don't know the particular circumstances, I should stay out of this one but I wonder how you would feel or the seller would feel if you put months of effort and dollars toward something, just to have people turn around and say, too bad.
By the way how did you find out the property was for sale?