Updated about 10 years ago on . Most recent reply
Broker won't present letter of intent
So maybe biggerpockets can help me with this. I have a 70 unit building my partners and I have been running numbers on. We came to a few terms on our end and wanted to start a negotiating process but the broker said he refused to present our letter of intent.
What are some suggestions do you guys have as to how to handle this?
Most Popular Reply
The OP said "the" broker, not "our" broker, which leads me to believe he's talking about the listing broker? Perhaps this offer does not meet minimum standards that the seller has already told the broker. It wouldn't be odd for a seller to tell their broker vet offers for seriousness and the buyers apparent ability to perform before submitting them.
The obvious way to "handle" this is to just talk to the broker and ask what's up.