Altman almost loses a huge deal on Million Dollar Listing Los Angeles Season 15, Episode 6! Last week, Josh and Josh went head-to-head with their listings in Trousdale, and Flagg showed an interest in purchasing Altman’s. Tracy also scored a big listing in Bel Air. This week, Altman’s Trousdale listing has more ups and downs than a rollercoaster, and Flagg makes a big decision about Bedford. Here’s everything you need to know about MDLLA Season 15, Episode 6: “No Deal Is Easy.”
Tracy, Flagg, and Altman perform their worst negotiation ever on Million Dollar Listing Los Angeles
We picked up where we left off, with Tracy negotiating on Flagg’s behalf for Altman’s Trousdale listing. Tracy came in with a lowball all-cash offer of $13.3 million. Altman almost spit out his tequila; the seller wanted $16.995 million! In Tracy’s opinion, the home wasn’t worth more than $14 million because of the market and obstructed views. The seller texted back, “Hard no.” Altman and Tracy were about to call it a day and grab dinner, but then Flagg walked in.
The spirit of friendship moved Altman, and he told Flagg he’d go a million less and forgo his commission if he’d come up in price. Tracy also agreed to give up hers as Flagg had done the same for her. Flagg was going to give in at $15 million until Tracy pulled him aside and reminded him it wasn’t worth that much. Altman laughed, he could hear them outside the door. They decided to offer $14.75 million, and then the seller would net $15.113 million because they gave up their commission. But Altman texted the seller the wrong offer amount. Doh! Luckily for them, the seller turned it down. And luckily for Flagg, he dodged buying Versace China and a Rolex headboard.
The student has become the master
Tracy popped over to her Stone Canyon listing in Bel Air to meet with former MDLLA star David Barnes. Even though the home wasn’t actually done yet, she had to begin her whisper campaign. This strategy was like a “hush-hush” pocket listing. Everyone wants what they can’t have, so being exclusively invited to see the homemade people want it more. David said about the home, “It’s a whole vibe.” He cautioned her against showing it without landscaping up to cover the construction. This wasn’t Tracy’s dream scenario, but with low inventory, she took what she could get.
The Altman brothers met up with their protege Jacob at a restaurant to discuss their Chalette Trousdale listing. They decided to pull a power move and arrive 30 minutes late. However, Jacob learned well and told them the wrong reservation time, so they ended up arriving just on time instead. You’ve learned well, young Padawan. Jacob offered $15.7 million, all cash, for his best and final. Josh messed around with Jacob a bit more and pretended the seller was not thrilled, but then shouted, “Mazel!” It was a done deal. The student has become the master.
Heather and Tracy realize you can’t do it all
Tracy and Flagg went back to Bedford to meet a potential buyer. She found an old pair of underwear lying about and threw it over the fence. Lovely. Tracy said about the home, “The prior seller apparently left their panties they were in such a hurry to get out of it.” But was Flagg ready to get out of it too? Tracy put on her developer hat and focused on the remodeling opportunities. Flagg wavered a bit but ultimately decided to move on. This home was for him and Andrew, and now they are separated. Tracy still saw potential, but Flagg was dunzo.
The Altman brothers received unfortunate news from Jacob. His buyer for Chalette decided to pull out. Josh freaked out as the sellers were on a plane to LA to pick up their things. It was time to spring into action! Matt decided to follow up with a couple that loved the house; they just hadn’t put in an offer yet. Josh muttered, “I’m going to kill Jacob.”
Tracy and Heather met up at Stone Canyon. Her client was interested until she saw the construction. This solidified for Tracy the developer needed to put up landscaping ASAP. The two then sat down to dish about their personal lives. Heather was having a hard time balancing work and motherhood. The demands of opening a new office in Orange County were taking their toll. Tracy was also going through it and was still trying to get over Erik. She said, “We just need to open a bottle of wine and sort it out.” Amen to that.
Deal or no deal on Million Dollar Listing Los Angeles
Flagg met up with his bestie, socialite Nikki Haskell. As he put it, “If you don’t know Nikki, you’re probably from the valley.” Just like the non-one percent brokers who came to his Trousdale listing. The two discussed his Bedford home and how Flagg changed his mind and might want to rebuild. And that scenario also applied to his relationship with Andrew. Nikki advised that if he was done, he shouldn’t be talking to Andrew every day. She noted, “It’s very hard to reheat the soufflé.”
It was time for Matt and Josh to break the news to sellers Joe and Irina about their Chalette deal falling through. After some small talk, Josh delivered the blow. The buyer pulled out, but they had a backup offer. It was $200 thousand less; however, these buyers also wanted to purchase the furniture. They liked the Versace china! With this deal, the sellers would make more money because they wouldn’t have to pay taxes on the furniture. After a few swear words, the sellers took the deal. Josh shared that this listing had a ton of twists and turns. He added, “This is very typical to this market. No deal is easy!”
Flagg is all in on Bedford on Million Dollar Listing LA
To rebuild or to sell? That was the question continuously on Flagg’s mind for his Bedford home. Originally, he was dead set on selling. But after seeing the potential, he warmed up to rebuilding. To help in his decision, he had Tracy and Chad, an architect, come over. At every modification, Tracy heard dollar signs “cha-ching” in her head. She told Josh it would be a little over $8 million to complete. She wanted him to do this for the right reasons and to take the time to think about the cost and effort. As impulsive as ever, Flagg shouted, “Let’s build a house!”
Tracy had an offer on her Stone Canyon listing, so she and Jamie met up with Melanie, the developer, to give her the news. Melanie had wanted $22 million, and this offer came in at $19 million. Melanie wasn’t happy, as there was also a million dollars worth of furniture in the house. Which thankfully didn’t include a Rolex headboard. Tracy got a best and final of $20.5 million, and she took a point off her commission to offset the extra taxes. It was a done deal! Tracy thanked burying a statue of St. Joseph upside down to sell the home. You definitely can’t say Tracy was not creative in getting her deal done.
Million Dollar Listing Los Angeles continues Wednesdays at 9/8c on Bravo.
TELL US – ARE YOU SURPRISED THE ALTMAN BROTHERS WERE ABLE TO SELL THEIR TROUSDALE LISTING SO QUICKLY? DO YOU THINK FLAGG IS MAKING THE RIGHT DECISION REBUILDING BEDFORD INSTEAD OF SELLING IT?
