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I Lost the Listing. My Buyer Made $300,000! Choose Your Fiduciaries Wisely.

By
Real Estate Agent with Compass

Rain family, this one's personal. A story about a listing I lost, a buyer who won, and the real difference between an agent who chases the sale and one who's actually looking out for you.

I believe if you're going to land in someone's mailbox, you'd better be worth keeping. No trash. No spam. It must be "fridge-worthy." That's my mission behind my direct mail pieces. Make it beautiful, make it art, make it unmistakably me. So when my phone rang with a family in the middle of the worst kind of clean-out, that's exactly where they'd seen my name. On the fridge.

A son had passed suddenly. His mother and her family (lovely people, out of towners, in from Chicago and knowing next to nothing about how a New York City co-op actually works) were left clearing out his apartment and trying to figure out what came next. They called about a selling strategy and a pricing analysis.

I leaned into the data. I knew this Clinton Hill building intimately, having closed a record-setting sale there a month earlier. My number came in around $1.15 to $1.2 million, priced a touch conservative on purpose. The meeting felt warm. We talked jazz. We talked life. But the number scared them. They were picturing something closer to $890,000, and a grieving mother heard "$1.1 to $1.2 million" as a threat, not good news. Months later, they went with someone else. I imagine that agent low-balled them to get the listing.

I watched the listing hit at $890,000 with an agent I didn't recognize. I called him within minutes. My buyer, patient for years, made an all-cash offer above asking at $925,000, no inspection, signing inside three days. When the listing agent mentioned a weekend open house and a wave of inquiries, I gave him a 24-hour window to close it out. He did.

This isn't a story about pricing strategy. It's a story about fiduciary duty. My buyer walked away with roughly $300,000 in built-in equity on day one because she worked with someone watching the market for her, not just angling for a signature.

Full story, with the pricing breakdown and the negotiation details, is on my website. Appreciate this community always — would love to hear if you've had a listing teach you more than the ones you closed.

Comments(3)

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Joan Cox, Retired Broker/Owner
Denver, CO
Enjoying Every Day to Its Fullest!

Michael, when I was active in Denver, I knew a few agents that would "fire sale" properties, then brag how many homes they sold and their days on market.   Definitely not in the sellers' best interest.

Aug 18, 2026 12:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Good morning, Michael... I've seen this happen many times over my 35 years in the business. And also the reverse... where an agent overprices a property to get the listing that then sits on the market forever and sells for less than it would have if it had been priced right from the get-go.

Aug 18, 2026 05:22 AM
Gwen Fowler SC Lakes & Mountains 864-710-4518
Gwen Fowler Real Estate, Inc - Walhalla, SC
Gwen Fowler Real Estate, Inc.
Recognizing the profound difference between chasing a quick listing and fiercely protecting a client's fiduciary interest offers such an important lesson. Thank you for sharing this compelling story, Michael Kahler!
Aug 18, 2026 05:34 AM