/biz/ - Business & Finance

>>12424841

>>12422161
hahaha imagine!

>manage property for family but other half of building is owned by distant relatives that make dumbass decisions
>approached by buyer
>buyer gives low offer that I automatically turn down
>tell them to come back with a real offer and I'll present it
>they come back and offer 1M
>I say no, that won't work
>alright 1.2M
>let me call my clients up and see what I can do
>distant family gets hype and is onboard because the property is losing money with it's current use
>my immediate family says to do the math and make sure I can get 10 years worth of ROI for it if I can
>call up the buyer and ask for 2M
>it settles at 1.6M to open the negotiation with them covering all commissions and closing costs
>because I currently have my own business at this location I ask my family for 5% of selling price so that I can relocate and cover my ass for 6 months until I can get my feet under me again
>distant family says no and tells me they'll just hire someone else to represent them if I demand a percentage
>even though I'm going to get them 800k more than the initial offer on a property that appraised for 600k that's failing for them as an investment because of their dumbass decisions
So, /biz/, when was the first time you got fucked out of a deal?