boba_balla
Earning My Ears
- Joined
- Aug 3, 2024
- Messages
- 33
Thank you for the feedback. The Offer Suggestion tool is new and we're actively tweaking the algorithm. If you have examples where you think we're quoting a price that is too high please shoot me a PM. We're committed to getting this right.
Over the years I've had many conversations with participants from all sides of the transaction, brokers, sellers, and buyers. Brokers are hesitant to return to the seller with an offer that is wildly below asking price, they do it of course, but not without advising their client to reject or hard-counter the offer. Many sellers are perfectly content to let their listing sit on the market for extended periods of time. To that end, the "suggested offer" we provide was designed to provide a realistic range for negotiation for that specific contract. If we provide a suggested offer range that is too-low confidence in the tool to erode quickly as bidders get hard rejected over and over again. We worked hard to come up with an algorithm that would strike an appropriate balance of realism, but we know there is room for improvement.
You'll notice that the suggested offer tool has a movable slider, you can move the price slider up or down to quickly get a feel for how different price-points for that contract would line up with the dvcforless.com DealScore, which really is a good way to benchmark the listing against the current market. By all means, make an offer that lines up with the "Great" or "Exceptional deal" ranges. The best deals really do go fast. Often leaving the market within hours of posting them, so be sure to setup an alert to scoop them up before anyone else.
Again, let me just reiterate my appreciation for those of you on this forum. You're the real power-users that we're striving to make happy. I'll take any and all feedback!
Just wanted to say "Thank you" for your site/tool. It made it super easy for me to look up a lot of contracts and then filter by what we were looking for (Points, Price per Point, UY, and broker). Made it really useful in helping us determine whether to buy direct or do resale, and we ultimately found a listing that fit our needs and within our budget, from a broker I may not have even considered had I never used your site. Now just waiting to pass ROFR.
Did want to provide some feedback, as maybe it's the same/similar issue that the other user just reported. When I had first signed up about a month ago, I marked a few listings as Favorites and also setup an Alert when browsing on my phone (iOS, Safari browser). When I logged in using my desktop browser (Windows, Chrome browser), either the Favorites or the Alert was not saved/setup (can't remember which one, or if it was both), and I doublechecked on my phone browser and things were still saved there. I manually redid the Favorites and/or Alert on my desktop browser. It was not a big deal to me though since it was just a few listing and one alert.