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Updated almost 10 years ago, 03/06/2015
"Unpriced" multifamily
I'm starting to get really annoyed with all the "unpriced" offerings. The seller obviously has a price in mind and its not too hard to figure out value. Why would a seller expect a buyer to spend time underwriting a deal, submitting an LOI, etc while having no idea what the seller has in mind. Why should I waist my time calling a broker to try to get in the head of the seller? Has anyone had any success purchasing an unpriced deal or do you just move on to the next?