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Is there a bit of story missing between: > After a few hours, the broker sent me this from the seller.. > "Our price is final on this one" and > ... we got a

Is there a bit of story missing between: > After a few hours, the broker sent me this from the seller.. > "Our price is final on this one" and > ... we got a great deal on his broker fees and paid $4,000 all said and done It read as though the seller was firm on $8k, but then sold for $4k?

mhink 3y ago
They paid $8k for the domain and $4k to the broker. (At least, that's how I'm reading it- I agree it could be worded more clearly.)
- lostlogin 3y ago
  Did the broken do more than offer a couple of opinions? That $4k seems steep.
  - thrtythreeforty 3y ago
    Sounds like the broker got paid for his advice on not poking the bear. That could easily have saved $4k.
    - lostlogin 3y ago
      But the asking price was $8k - you’d have to go in very hot to get yourself a 50% price rise (which would justify the broker’s fee in this instance). However I am aware of how squatters behave, so this could actually happen.
      - iudqnolq 3y ago
        The risk was that the seller would realize the buyer was a company with VC money and an investment in the name. The broker thought that the seller might ask for an order of magnitude more if they knew that.
advaitruia 3y ago
Yup, that was not clear. It was a typo and I've corrected it to $8K (this was for the domain). Thank you for pointing this out The broker was $1-1.5K
- jaclaz 3y ago
  I still do not get it. >That’s exactly what we did. We had a brief discussion on broker fees, our domain broker had already proved himself and we liked him. The feeling was mutual, we got a great deal on his broker fees and paid $8,000 all said and done. If you paid 8,000 for the domain and 1,000 or 1,500 for the broker, you paid 9,000 or 9,500, all said and done.
  - advaitruia 3y ago
    Correct. I've edited it to say that clearly (finally). Sorry about all the confusion here
    - pimlottc 3y ago
      Ah, I have to say, I still didn't quite understand the price from how the article is written, particularly since I wasn't sure if the squatter sold for their listed price of $8,000 or if they had accepted the $3,500 and that was their "final" price. I only now understand that it was $8000 + $1000 broker fee based on your replies here.

mhink 3y ago

They paid $8k for the domain and $4k to the broker. (At least, that's how I'm reading it- I agree it could be worded more clearly.)

lostlogin 3y ago
Did the broken do more than offer a couple of opinions? That $4k seems steep.
- thrtythreeforty 3y ago
  Sounds like the broker got paid for his advice on not poking the bear. That could easily have saved $4k.
  - lostlogin 3y ago
    But the asking price was $8k - you’d have to go in very hot to get yourself a 50% price rise (which would justify the broker’s fee in this instance). However I am aware of how squatters behave, so this could actually happen.
    - iudqnolq 3y ago
      The risk was that the seller would realize the buyer was a company with VC money and an investment in the name. The broker thought that the seller might ask for an order of magnitude more if they knew that.

advaitruia 3y ago

Yup, that was not clear. It was a typo and I've corrected it to $8K (this was for the domain). Thank you for pointing this out The broker was $1-1.5K

jaclaz 3y ago
I still do not get it. >That’s exactly what we did. We had a brief discussion on broker fees, our domain broker had already proved himself and we liked him. The feeling was mutual, we got a great deal on his broker fees and paid $8,000 all said and done. If you paid 8,000 for the domain and 1,000 or 1,500 for the broker, you paid 9,000 or 9,500, all said and done.
- advaitruia 3y ago
  Correct. I've edited it to say that clearly (finally). Sorry about all the confusion here
  - pimlottc 3y ago
    Ah, I have to say, I still didn't quite understand the price from how the article is written, particularly since I wasn't sure if the squatter sold for their listed price of $8,000 or if they had accepted the $3,500 and that was their "final" price. I only now understand that it was $8000 + $1000 broker fee based on your replies here.