See the picture below of this monstrosity that got mailed to our office today. The thing weighs ~5 lbs. All thick-cut paper with high-gloss sheen.
I just don't understand. This example isn't even the worst: I've been mailed hardcover book-bound OMs before as if these are first-run limited edition prints of a NYT #1 bestseller or something. They go right in the recycling bin.
I can sort of understand if the property is a private seller/high net worth guy and the brokerage shop is trying to stroke his ego ("look at how awesome your property looks!"), but the vast majority of these OMs are fr institutional assets sold by institutional sellers to institutional buyers. They care about returns, not cute OMs. What a waste of time, money, and paper. /end rant
Brokers, care to chime in on this? Am I overreacting?