Broker deals and off-market deals are night and day. Everybody thinks that an off-market deal is the holy grail and that you’ll score a way better price. At least that’s what most people think — but it’s not necessarily true. So today, we’re going to go through the key differences between broker deals and off-market deals and break everything down so that you can make an informed decision as a buyer or investor.
Key Takeaways:
[:14] The difference between broker deals and off-market deals.
[1:02] What is a broker deal?
[1:44] What is an off-market deal?
[2:24] The difference between the processes on a broker deal vs. an off-market deal.
[5:05] The difference between a broker and banker.
[6:00] How many sellers go to brokers? And why?
[7:40] The process of narrowing down the buyers.
[9:18] Are buyer interviews held?
[9:47] The process for an off-market deal.
[10:50] Likelihood of closing between an off-market deal and broker deal.
[12:34] The quality of the deals on an off-market deal vs. a broker deal.
[13:40] How long it takes to close an off-market deal vs. a broker deal.
[15:42] The valuable role of a broker.
[20:48] The range of prices in an off-market deal vs. a broker deal.
[25:44] Wrapping up our thoughts on off-market deals and broker deals.
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