The Season 15 premiere of Million Dollar Listing Los Angeles kicked off with some drama centered around Josh Altman and Heather Altman‘s $15,888,000 Readcrest listing. Not only was the property causing tension between Altman and Josh Flagg, but after 18 months on the market with other agents, Altman admitted the listing was “stale,” and it wasn’t easily accessible due to ongoing tenants.
Little did the Altmans know, they would go on to have more problems with the listing, and eventually lose out on nearly $400,000 in commission.
On Season 15, Episode 2, Josh and Heather had a call with their co-listing agent to discuss why they were struggling to get an offer on the property.
“We’ve been on for about 45 days now, right?” Josh said. “We, of course, are still super excited and pumped to sell the house. We’ve missed a few showings because we’ve run into some roadblocks with tenants in there.”
“I spent a lot of money on the brokers open. I spent a lot of money marketing this. You win some, you lose some, that’s business,” Josh explained in an interview during the July 17 episode. “The fact that I can’t do my job and actually help these people sell this house, that I care about more than anything.”
Here’s What You May Have Missed on Bravo:
Josh & Heather Altman’s OC Home Renovation Is Almost Finished: “Knocked It Out of the Park”
Josh Flagg and Josh Altman Prepare to Hash Out Their Drama: “Clearly in the Wrong”
Josh Flagg Breaks Down Client Carly Steel’s “Very Specific Needs” for Her Dream House
Although the sellers weren’t thrilled about giving up their $80,000-per-monthly income from renters to ensure Josh and Heather could show the house, they seemingly agreed to do so. However, the couple discovered that wasn’t actually the case when they arrived for a private showing and learned there was a new tenant there.
“You gotta be kidding me,” Josh said. “That’s so annoying.”
Heather was equally displeased.
“When you cancel a showing last-minute, you look unprofessional,” she said. “And it’s a big ‘F you’ to the other agents and the buyer especially.”
With just a few minutes before they were supposed to show the house to a potential buyer, Heather came up with a solution.
“Let’s take him to Beverly Grove,” she said, referencing a nearby listing.
Details on Josh and Heather Altman’s Beverly Grove $14,495,000 listing
“Beverly Grove’s just a few minutes from Readcrest,” Heather explained. “Both hillside, vertical builds, both new construction. Readcrest is $15,888,000, Beverly Grove is $14,495,000.”
Josh added, “You want to know what the main difference is between Beverly Grove and Readcrest? I can get into Beverly Grove.”
Here, see photos of Beverly Grove (top) and Readcrest (bottom).
Did Josh and Heather Altman sell their Readcrest listing?
Unfortunately, Josh and Heather did not sell the listing.
At the end of the episode, Josh called the co-listing agent to discuss the difficulties.
“The listing agreement is coming to an end,” he said. “We didn’t get as much access as we would have liked to.”
Josh added that they did get an offer, but the sellers “didn’t move fast enough.”
“I just don’t think that I’m going to be able to sell it with the rate that we’re going,” he said. “I think we should take it off the MLS right now.”
Admitting it was “a disappointment,” Josh said after the call ended that it was also “a giant waste of time and money.”
As the episode noted, because Josh and Heather did not sell the house, they lost out on the potential $397,222 commission.
Source Agencies
