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Updated over 6 years ago,
5 Reasons Your Commercial Real Estate Broker is a...
Are you serious?? I am a broker and I only work in Commercial and yet DAILY on these forums I am in AWE at the way some of you interact both on this site as well as out there in the big world!!! So, here is my rant.
1)Our fellow residential agents out there even in the hottest of markets invest in taking great pics. They pay for stagers and work hard on marketing to a broad spectrum. They use RMLS and make sure to try to throw that net as broadly as they can. YOU! friends, do justice to owners in GETTING the listings but in general take the ******** of cell phone pics which may or may not include anything on the inside. You have pocket listings and do not cast a wide net. Yup, you might list on your sites, or on loopnet but what else do you see..............NOT MUCH! How bout we put a little effort in huh?
2) Some of you openly admit and say you do not even talk to people without having folks send over proof of funds. ARE YOU ******** ME? Yes, of course you are going to qualify buyers and help them understand commercial lending but your level of bravado is off the chain! Will you do this when the market turns? Apparently this must be a bigger thing than what happens here in Vancouver given that there is a whole stream on what to tell your commercial broker so they take you seriously. Wait, who's the client? I forgot!!!
3) You list properties but do not return calls. What's the point?
4) I actually have looked into a couple of properties where the broker had never seen the inside of the building. These two particular individuals did not have the sq footage- for those, what they were being rented for, what the lease terms were for those tenants -NOTHING!! How would you as a potential buyer ever run numbers off of that? BP calculators can be amazing but come on now! The better part of those two stories is that there was actually a cap rate listed.....................Uhhh nope!! How do you come up with a cap rate when, you have NO numbers! When I asked this to those agents the response that I got was that they had looked at what other spaces were renting for in the area and went off of that. To you, fellow BP.........(not to them), I say I am embarrassed.
5)Holy boys club! Hahahaha I have actually had a broker say in front of a group of investors would you really want to work with this little girl that isn't even with one of the big brokerages?My advise............it's ok boys! I will answer calls, take care and know my listings, will actually take pictures and advertise in sum........I'm coming for you!
Happy Sunday !