Feasibility of selling without a broker?

Member since 2021 · 2 posts · 0 votes

I have a stake in a collection of rental properties (78 units, ~$85,000 a unit) and the previous sales in the area have convinced my partners and I that a sale now may be in our best interest.

Now...one partner is highly opposed to brokers/agents/etc. I'm more of the practical type to just pay a few percent and move on with my life, but hey, it is what it is.

This all makes me curious: To what degree is it feasible at all to sell a decent number of units for a price north of $6 million on our own? I don't like the idea, but to the extent it's feasible, I can do the work. But it just feels so unlikely offhand, with an entire ecosystem built around the broker/agent model.

Any ideas?

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Justin Hammerle
Realtor · Providence, RI · Member since 2022 · 404 posts · 262 votes
2y
@Christopher Cantrall - Agreeing with your last statement, the ecosystem as you put it is in part what gives value to commercial brokerages justifying the commission. Commercial brokerages have the systems and buyer contacts in place for maximum exposure of a portfolio of that size.
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Account Closed
Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
2y
Quote from @Christopher Cantrall:
I have a stake in a collection of rental properties (78 units, ~$85,000 a unit) and the previous sales in the area have convinced my partners and I that a sale now may be in our best interest.

Now...one partner is highly opposed to brokers/agents/etc. I'm more of the practical type to just pay a few percent and move on with my life, but hey, it is what it is.

This all makes me curious: To what degree is it feasible at all to sell a decent number of units for a price north of $6 million on our own? I don't like the idea, but to the extent it's feasible, I can do the work. But it just feels so unlikely offhand, with an entire ecosystem built around the broker/agent model.

Any ideas?

Sell as a "whole" pretty tough right now. It could be done but someone has to put the effort in. Sell the units individually, that's much easier in the $85k range. But still, someone has to manage the process.

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Russell BrazilBusiness Member
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Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
2y
Selling 78 sub $100k properties is a ton of work. Could you do yourselves? Sure. But if theyre sold off individually, you're looking at over 1000 hours to do so. Could you sell them as a package? Sure....but you'll be selling at a deep discount since you dont have a list of buyers and knowing how to market them.
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