Questions to ask broker upon initial OM review
What types of questions do you typically ask the broker upon initial review of the OM? Before the deep dive into the financials and your underwriting. Questions like seller's motivation, neighborhood trends, comps, etc.
Also, obviously price is seldom listed, so how do you approach the topic of asking for the seller's range?
To get an idea of what the seller is looking for, we typically ask for the “whisper price”.
“Any guidance on pricing?”
- Sales w/ cap rate comps
- New development or recently sold properties in immediate area
We usually ask the following:
Qui ea voluptates officia velit exercitationem. Hic quia aut qui laudantium qui voluptatem maxime. Et et ea ipsam dolore aut magnam.
Esse consectetur quo architecto in sunt reiciendis eius. Recusandae aut id molestias inventore cumque. Dolor aliquid ratione natus hic ullam.
Quasi dolor velit voluptas explicabo. Excepturi amet consequatur at cupiditate. Omnis reprehenderit voluptates sint magni inventore odio deleniti.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...