RE: Best Way to Approach Brokers for Expired Listings..

Multi-Family and Apartment Investing
12yFollow

RE: Best Way to Approach Brokers for Expired Listings..

Maurice Nusom
Rahway, NJ · Member since 2008 · 8 posts · 0 votes

Hi BP Family,

I wanted to get some advice on the best way to approach commercial multifamily brokers on acquiring their expired listings.

How willing are brokers when it comes to sending Investors their expired listings of apartment buildings?

What are the best ways to this approach.

Thanks in advance for the great advice and knowledge.

0Reply
18 views

3 Replies

Jump to latestLatest
  • Derek T.
    Real Estate Investor · Prince Geroge's County, MD · Member since 2012 · 392 posts · 104 votes
    12y

    Can't speak towards commercial listings......but if I were approached for a such request I would do it for a small fee or something similar to that. Why not offer a fee for the information?

    0Reply
  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    12y

    I won't list anything I can't sell as my reputation is on the line. That means not taking overpriced junk and an unrealistic seller.

    I have a huge network of direct buyers so if it is priced right it will not expire. Sometimes a seller will have a property not listed but off market. I wouldn't share that information openly but to my buyers.

    If you want to get direct with sellers you need to do mailers, internet, and a whole host of other strategies to get in front of them. An agent can pull some expired MLS listings for you for a database but something has to be in it for them as they are not a charity.

    Podcast Guest on Show #47
    NNN Invest53 Reviews
    WebsiteView Page
    0Reply
  • Bill Gulley
    Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
    12y

    Most commercial listings aren't on the MLS. Many commercial brokers aren't even Realtors, a member of the National Association of Realtors, which is an option for a licensee.

    Saying expired listings means that broker no longer has an agreement to sell. It also means they can't show it or step foot on a property with a buyer in an agency capacity. So, they won't be giving you a list of anything. If you're interested in say, a warehouse, they will contact the owner and renew an agreement and then show it. :)

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free