I Lost A Sale–--But Saved A Client

Hey --- Here's part 2 of the home auction drama--- As I watched the on-line "auction action" with 7 minutes until bid-closing, my clients Peggy & Leo were right in there slugging with a bid of $430,000. Just to be safe, I gave Peggy a call in those last few moments to be sure she knew about the 10% "buyer's premium" that the auction house adds to the winning bid---- So if her $430,000 bid was the winner, she'd be on the hook for $430k + $43k = $473,000. Peggy said, "What?!? I never saw that on the auction site." Sure enough, in a little gray link at the bottom of the auction site "Terms & Conditions", there was the 10% hook. We both knew that $473,000 was more that she wanted to pay Peggy: "Wow, thanks, Forrest---I'm outa here." So---- did I lose a sale? Or save a client from an unexpected tangle? >>> I'd much rather have Peggy & Leo buy something they know they want at a great price. PS: We hear that the final "winning" bid was $436,500 (plus 10%)---but the bank rejected the auction result as too low a price... Now a new auction company is about to run the race again... More to come Best to you all --- Forrest Hawaii's Green Realtor "You have a friend in the business..." Forrest Arnold R(B) Certified EcoBroker Tel. 808-987-2365 email: forrest@HawaiiGreenRealty.com