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Why You Should Use Multifamily Real Estate Brokers

December 24th, 2021

A common question asked is should you use a broker when you purchase commercial real estate? It depends on your comfort level with negotiating purchase deals and your desire to dedicate the time and energy to finding new properties. Most investors understand the pros and cons of picking multifamily properties for their portfolios. They offer predictable cash flow, excellent passive income, and better valuation potential. They are also more difficult to manage, are more expensive to buy, and have fierce competition. Knowing you’re up against other motivated investors should incentivize you to work with multifamily real estate brokers to ensure you get what you aim for.

4 Reasons to Work with a Multifamily Real Estate Broker

Save yourself the headaches that come with trying to broker your own deals. Instead, consider these four reasons to choose a multifamily real estate broker to help you reach your wealth-building goals:

  1. Saves You Time: Your time is precious. Depending on your level of involvement, you may be running in many different directions. For example, you may manage your properties and constantly field calls from tenants. Because of that, you may not have the additional time needed to find great deals to add to your portfolio. A multifamily broker dedicates their time to searching out potential real estate candidates. They may be able to find you the most prized properties before they disappear from the market.
  2. Expands Your Knowledge Base: Who has time to learn and investigate all the ins and outs of multifamily investing? Few of us do. Your broker will have deals in all stages of the transaction. They also see the pros and cons of a property and whether something might be wrong with it, such as its risk of poor financial performance. They are on your side to get you the best deal possible.
  3. Negotiate Better Prices: Few of us like to haggle prices for cars, let alone for a piece of real estate. If you’re not shrewd, you may pay more for a multifamily property than you should. Your broker handles the negotiation process. They help you get the best price and are there to guide you through any potential counteroffers.
  4. No Out-of-Pocket Fees: Brokers work on commission. The better the deal on the property, the better their commission will be. This is advantageous for you since you won’t have to put out any money to pay their fees.

Choose an Experienced Multifamily Real Estate Broker – The Estes Group

Work with an experienced brokerage like The Estes Group to get quality multifamily properties for your portfolio. We offer client-focused service, meaning we’re here to aid you in obtaining the right assets for your financial goals. We keep our eyes and ears open to the market while also being open to your needs. Look to us for help obtaining multifamily real estate throughout Louisiana, Alabama, Tennessee, and Mississippi. Learn more about our services when you contact us today.

Call us at 601-362-9633 or contact us online to discuss your real estate goals with our knowledgeable and experienced commercial real estate brokers. We’ll help you find the best choices that will deliver the best return on your multifamily properties.