This was the Private Exclusive off-market listing that hit our intra-office website late in the afternoon and literally the next day most of the top Compass agents and me rushed over there to check it out.
Both buyer and seller take a gamble on price when transacting off-market. Since this was filmed, two sales on Rancho Encinitas Drive have closed for over $4,000,000, so this buyer should be happy with their $3,230,000 purchase price here (which was $405,000 over the list price).
But is the seller happy? Did the seller truly get the best possible price without listing it? Unknown
But is the seller happy? Did the seller truly get the best possible price without listing it? Unknown
We will never know.
If the frenzy would have stopped a month earlier, those $4M sales may not have happened.
All the seller knows now is that they got $400k over what they had planned!