In this section
How Professional Investor are Getting "Ripped Off"
by Their
"Trusted" Commercial Brokers ...
As a professional real estate investor, no doubt you'll be enraged to hear what I'm about to share with you. Unfortunately, it's highly likely that you've already lost 10's of thousands of dollars (if not 100's of thousands of dollars) when buying or selling apartment buildings here in Northern Nevada.
Now you're probably thinking "this is ridiculous garbage ... I know every inch of my deals ... that's NOT even remotely possible ..." However please let me show you why it's not only "possible" but in fact that it's quite probable this has already happened to you - - repeatedly!
Allow me to spill the beans about how business is REALLY conducted by Brokers behind the scenes here in Northern Nevada. The truth is that MOST commercial agents use unfair tactics to manipulate their listings and clients, such as:
- Not telling the agents in THEIR OWN office about new listings
- Not sharing ANY information about listings with agents in other brokerage firms
- Marketing their listings ONLY to a very SMALL and closely guarded list of buyers
But you're saying "My last apartment complex sold quickly" -or- "I just bought a nice multi-family property for a 'fair' price," ... so, "Why should I care about anything you're saying?"
Well, unless you're okay with your broker giving away an extra $50K, $100K, or even $500K of money that is RIGHTFULLY YOURS, you should care!
How could this be?
Simple. It's called "double-ending commissions." You see, MOST commercial real estate agents attempt to represent BOTH sides of a transaction in order to grab both sides of the commission!
But there are a few of us that will admit "double-ending" is unethical ... even if technically, it's legal. We know that "letting the same commercial agent represent both sides of a transaction is like having the same attorney represent both the plaintiff and defendant in a legal case."
So what exactly is the problem with double-ending commissions? Well, look at this example: Take a small apartment building worth about $1,000,000 ... just 5 points less in the sales price is a difference of $50,000 in somebody's pocket.
As the Seller you would NOT want to unnecessarily give away $50K, BUT if you're the Buyer you'd love to save $50K.
Clearly, each side is best served by a strong advocate working for and advising ONLY them. One commercial broker CAN'T possibly represent the best interests of both parties in this deal!! You want a Negotiator, not a Mediator trying to make an easy commission. So what was the size of YOUR last transaction? And how much money did you possibly lose?
With 10's of thousands (if not 100's of thousands) of dollars at stake, WHY would you let ONE agent represent BOTH sides??? If this is how your last real estate transaction(s) were handled, then it's time to have a serious talk with us!
Ready to Sell (or Buy) risk free? Then call us now at (775) 846-6262 -or- (855) 846-6262