There are a number of reasons why to limit private discussion between buyer and seller when both parties are represented by agents prior to closing. Below I’ll cite some of those and provide some examples from my own experience. Keep in mind that the best offer financially is sometimes turned down because of other non-financial factors.
You could jeopardize your ability to perform a transaction with a seller.
You could jeopardize your ability to perform a transaction with a listing agent.
You could say something that could significantly hurt your bargaining power.
You could say something illegal & have no idea what you said was wrong because of lack of familiarity with fair housing law.
Even if you weren’t pursued in court yourself, you could get your agent in trouble.