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It's absolutely built into the business model unfortunately -- a done deal is worth 1-3% of the current deal price. But getting 1-3% of the delta on a higher o
by tehwebguy 6y ago
It's absolutely built into the business model unfortunately -- a done deal is worth 1-3% of the current deal price.
But getting 1-3% of the delta on a higher offer that doesn't exist yet is not only a meaningless money difference, if it slows the deal down it costs them money.
- exclusiv 6y agoWell if the parent used the listing agent for the buy side, then they stopped taking calls because they didn't want a higher offer to beat them from representing both sides. THAT is extremely meaningful for them. Now if they could get a stronger offer by still keeping it on market, and they're only the listing agent, then yes a new offer of like 50k more isn't going to mean that much for them. They'd rather get it sold. That is messed up too because that delta is meaningful for the owner. From what the parent said, they stopped taking calls because they wanted to represent both sides. It's fucked up.