AITA For Selling our home, coworker wants it for a steal?

A homeowner casually mentioned selling their house to a friendly coworker, throwing out a rough $300K estimate based on then-current value while building a new home. The coworker got excited, viewed photos, got pre-qualified, and started pressing for viewings – all without any formal agreement.

Months later, with the market surging and new build timeline advancing, the house gained $25K in value. The owner clarified they’d need fair market price for a direct sale – disappointing the coworker who’d latched onto the old figure leaving them feeling awkward about potentially souring the work relationship.

‘AITA For Selling our home, coworker wants it for a steal?’

The casual conversation escalated quickly after the initial mention:

Market changes forced a direct talk:

The owner reflected on the unease:

No binding agreement existed – casual estimates aren’t contracts, especially without paperwork or deposits. Real estate values fluctuate rapidly in hot markets; sellers aren’t obligated to freeze old guesses. Offering FSBO at current market avoids agent fees (often 5-6%), potentially benefiting both if negotiated fairly.

Direct sales to acquaintances risk post-sale disputes over undisclosed issues, straining relationships. Professional listing protects via disclosures and inspections. Tax implications arise selling below fair market value (gift tax on difference over annual exclusion).

Realtors advise clear communication early: “Subject to appraisal/market conditions.” Coworker’s disappointment is understandable but not entitlement – pre-qual doesn’t lock prices. Prioritizing max proceeds for new build is prudent financial decision.

Here’s how people reacted to the post:

Reactions centered on NAH/NTA, validating no commitment while warning against friend sales and suggesting full market pursuit:

Community largely NAH – casual talk created mismatched expectations in volatile market, but no binding deal means full current value is fair game.

Listing with agent avoids favoritism drama and maximizes proceeds. Ever had a casual convo turn into assumed deal? Would you discount for coworker convenience?