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I concur. Here in India I had once finalized an apartment for rent for around Rs. 35000/month. The landlord bailed at the last moment because an agent found him
by hiyer 6y ago
I concur. Here in India I had once finalized an apartment for rent for around Rs. 35000/month. The landlord bailed at the last moment because an agent found him another tenant willing to pay Rs. 2000 more/month. However:
1. I had approached the landlord directly since his previous tenant had been a friend of mine. So there was no agent fee (one month rent) to be paid.
2. The other tenant moved in almost a month after i was supposed to, so another month's worth of rent lost for him.
The landlord didn't realize it would take him almost 3 years to recoup the losses even with the increased rent. I didn't push my case much, and found someplace else to stay.
- CydeWeys 6y agoI have a similar story from buying a house almost a decade ago. My final firm offer was $350k, and the flipper/seller went with another offer that was only $5k more. Only problem was, my offer was bulletproof (I had the full amount of the down payment in cash at hand plus a pre-approved loan offer) and the other offer was not. You can see where this is going: The other buyer couldn't actually come up with the money and didn't get approved for a loan, and then I ended up buying the house for the original $350k several months later, after the flipper had lost a lot more than $5k in all the added actual costs and opportunity costs of holding onto that house for several more months and trying to close on it twice.