Choose your color scheme:
The Vette Barn  
 
Go Back   The Vette Barn > Off Topic/Babes/Other > Off Topic

Off Topic Off Topic - General non-Corvette related discussion.

User Tag List

Reply
 
Share Thread Tools Search this Thread
Old 09-09-2022, 5:05pm   #1
LATB
A Real Barner
Points: 87,574, Level: 100
Activity: 99.1%
 
LATB's Avatar
 
Join Date: Jan 2011
Posts: 26,146
Thanks: 3,146
Thanked 9,353 Times in 4,577 Posts
Gameroom Barn Bucks: $8122190
Default Sold in 6 days [commercial real estate]

Caution: not so subtle brag thread ahead.

I got a referral from another client. Guy wants to sell his commercial property. We meet and he agrees to list with me.

When I informed him that the market and comps (document supported) placed him at approximately one million he was happy, as he figured it would sell below 1M.

He was hesitant to list over 1M but put his confidence in my suggestion to list at 1.2M

It took him 4 weeks to sign the listing agreement/contract (old guy old school and really took his time)
Meanwhile I began a soft roll to a few potential buyers.

We went live last Saturday. I immediately had 3 other agents/brokers call with interest for their clients. In addition to 2 serious and qualified potential buyers of my own.

Today one of my guys put the property under contract near full list. And Iím on both sides. Woot. Woot.
LATB is offline   Reply With Quote
The Following 15 Users Say Thank You to LATB For This Useful Post:
Old 09-09-2022, 5:10pm   #2
DAB
Sparkles Flambeaux
Barn Stall Owner #4
Barn Raising I,II
NCM Supporter '13,'14,'15,'16,'17,'21
Bantayan Kids '13,'14,'15,'17
Points: 155,367, Level: 100
Activity: 59.2%
 
DAB's Avatar
 
Join Date: Jan 2011
Location: Santa Fe, NM
Posts: 60,205
Thanks: 11,332
Thanked 29,756 Times in 13,221 Posts
Gameroom Barn Bucks: $17500122
Default

1,200,000 * 0.06 = 72000.

that should buy something down the road.....
DAB is offline   Reply With Quote
The Following 3 Users Say Thank You to DAB For This Useful Post:
Old 09-09-2022, 5:16pm   #3
86RAG
Bantayan Kids '14
Points: 19,615, Level: 96
Activity: 5.4%
 
86RAG's Avatar
 
Join Date: Jan 2012
Location: Boonies of NH
Posts: 8,028
Thanks: 4,268
Thanked 2,487 Times in 1,225 Posts
Gameroom Barn Bucks: $998785483
Default

If my deal falls through I'm gonna list with you!
86RAG is online now   Reply With Quote
The Following 2 Users Say Thank You to 86RAG For This Useful Post:
Old 09-09-2022, 6:24pm   #4
snide
Barn Raising II,III
NCM Supporter '13
Bantayan Kids '17
Points: 164,088, Level: 100
Activity: 66.3%
 
snide's Avatar
 
Join Date: Oct 2009
Location: I could never live there.
Posts: 204,360
Thanks: 167,068
Thanked 27,274 Times in 12,831 Posts
Gameroom Barn Bucks: $108033784
Default

I just closed on a commercial property yesterday...
snide is offline   Reply With Quote
The Following 8 Users Say Thank You to snide For This Useful Post:
Old 09-09-2022, 9:23pm   #5
ZipZap
Barn Stall Owner #55
Island14 Cardio Team
Points: 41,559, Level: 100
Activity: 26.6%
 
ZipZap's Avatar
 
Join Date: Jan 2011
Posts: 10,823
Thanks: 2,850
Thanked 6,575 Times in 3,042 Posts
Gameroom Barn Bucks: $23236
Default

Not to be nosey, but do you take a full 3 on both sides?

How do you handle negotiations in this kind of sale/purchase?

Just wondering. I have a great realtor and I would have no issues, but she is pretty special as far as realtors go.
ZipZap is offline   Reply With Quote
Old 09-09-2022, 9:48pm   #6
Sea Six
Barn Stall Owner #16A
Barn Stall Owner #16B

NCM Supporter '11,'13
Bantayan Kids '13
Points: 158,904, Level: 100
Activity: 11.2%
 
Sea Six's Avatar
 
Join Date: Jan 2011
Location: NW FL
Posts: 50,947
Thanks: 9,963
Thanked 12,827 Times in 7,234 Posts
Gameroom Barn Bucks: $602908
Default

Iím guessing 2% on each side
Sea Six is offline   Reply With Quote
Old 09-10-2022, 8:29am   #7
Mike Mercury
Chief Meat Gazer
Charter Member
Barn Stall Owner #98
Barn Raising II,III,IV
Points: 134,521, Level: 100
Activity: 62.0%
 
Mike Mercury's Avatar
 
Join Date: Oct 2009
Location: Ohio
Posts: 45,114
Thanks: 19,237
Thanked 30,542 Times in 11,165 Posts
Gameroom Barn Bucks: $5135124
Default

Quote:
Originally Posted by snide View Post
I just closed on a commercial property yesterday...

and... :allears:
Mike Mercury is offline   Reply With Quote
Old 09-10-2022, 9:30am   #8
LATB
A Real Barner
Points: 87,574, Level: 100
Activity: 99.1%
 
LATB's Avatar
 
Join Date: Jan 2011
Posts: 26,146
Thanks: 3,146
Thanked 9,353 Times in 4,577 Posts
Gameroom Barn Bucks: $8122190
Default

Quote:
Originally Posted by ZipZap View Post
Not to be nosey, but do you take a full 3 on both sides?
No problem.
Yes I get the full commission on both sides. I earned it. Actually, a lot more work to be done to get to closing. So the earning continues.
Quote:
Originally Posted by ZipZap View Post
How do you handle negotiations in this kind of sale/purchase?
Transaction brokerage (most are). Honest and easy negotiations.
Commercial guys are the best. It's a numbers game, zero emotions.

Quote:
Originally Posted by ZipZap View Post
Just wondering. I have a great realtor and I would have no issues, but she is pretty special as far as realtors go.
If you have a good one hang on to her.
So many agents are along for the ride and really do not provide the service the customers (clients) deserve.
LATB is offline   Reply With Quote
The Following 2 Users Say Thank You to LATB For This Useful Post:
Old 09-10-2022, 11:52am   #9
snide
Barn Raising II,III
NCM Supporter '13
Bantayan Kids '17
Points: 164,088, Level: 100
Activity: 66.3%
 
snide's Avatar
 
Join Date: Oct 2009
Location: I could never live there.
Posts: 204,360
Thanks: 167,068
Thanked 27,274 Times in 12,831 Posts
Gameroom Barn Bucks: $108033784
Default

Quote:
Originally Posted by ZipZap View Post
Not to be nosey, but do you take a full 3 on both sides?

How do you handle negotiations in this kind of sale/purchase?

Just wondering. I have a great realtor and I would have no issues, but she is pretty special as far as realtors go.
Pics of pretty realtor?
snide is offline   Reply With Quote
The Following User Says Thank You to snide For This Useful Post:
Old 09-10-2022, 2:07pm   #10
TheHammer
Vette Barn Crew
Points: 10,113, Level: 69
Activity: 13.0%
 
TheHammer's Avatar
 
Join Date: Jan 2011
Posts: 703
Thanks: 31
Thanked 284 Times in 159 Posts
Gameroom Barn Bucks: $2149
Default

maybe some surrogate here can post your success story for you in OT, I'm sure they would like to know
TheHammer is offline   Reply With Quote
Old 09-10-2022, 4:08pm   #11
snide
Barn Raising II,III
NCM Supporter '13
Bantayan Kids '17
Points: 164,088, Level: 100
Activity: 66.3%
 
snide's Avatar
 
Join Date: Oct 2009
Location: I could never live there.
Posts: 204,360
Thanks: 167,068
Thanked 27,274 Times in 12,831 Posts
Gameroom Barn Bucks: $108033784
Default

Quote:
Originally Posted by TheHammer View Post
maybe some surrogate here can post your success story for you in OT, I'm sure they would like to know
This was posted in OT.
snide is offline   Reply With Quote
Reply

The Vette Barn > Off Topic/Babes/Other > Off Topic


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 4:37am.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2022 DragonByte Technologies Ltd.
Copyright © 2009 - 2022 The Vette Barn


Support the Barn:
 
Download the Mobile App;
 
Follow us on Facebook:

Become a Stall Owner

 

Apple iOS App        Google Android App

 

Visit our Facebook page