50% Discount Buyers?

[REbuyersgroup]

Are there any "REAL" buyers in the market who can actually close on Bulk Builder Closeouts at 40%-50% Discount?

I have several direct with builder principal projects and have been approached by every crackpot under the sun, claiming to have a relationship with some investment fund, or bulk investor, and NOBODY has been able to perform.

My typical "direct" buyer ends up being a broker chain a mile long and conference calls end up being a commission dispute.

If "YOU" are a bulk buyer, NO brokers, Agents, Finders. send me a PM.

I'm fed up with posers. If you want the BEST Deal by dealing directly with the developer, I have no problem stepping aside, as my very LOW fee agreements are already in place.

As you know, if you are an investor and have to deal with a very long broker chain, you are NOT getting the best deal!

[jmartin1970]

Why do not deal with finders? I have a company that has a direct looking to spend 500 million by the end of December. :)

[REbuyersgroup]

Have yet to meet a finder that actually is "direct"

I had a project that I brought a so called Direct Buyer, and it ended up whore'd out all over the internet. Totally pissed off the developer who now was getting 20 calls a day from crackpots all claiming to represent "buyers". Nightmare...

Before I do business with anyone, they have to show past performance and proof of funds. If they can't then they are not for real.

When I do find a performing party, they will get a exclusive access to some very good opportunities. I cannot guarantee the developers are not trying to do their own "back door" selling, but I do have relationships with the principals and get responses to offers the same day.

At least you are under $3 trillion dollars, which I have heard floating around out there. I get people telling me they have buyers from Dubai, and South America. It's almost comical.

I have actually entertained some of these calls just for entertainment, and never once have I been able to speak with someone who can show me a signed check with their name on it.

[jmartin1970]

Have yet to meet a finder that actually is "direct"

I had a project that I brought a so called Direct Buyer, and it ended up whore'd out all over the internet. Totally pissed off the developer who now was getting 20 calls a day from crackpots all claiming to represent "buyers". Nightmare...

Before I do business with anyone, they have to show past performance and proof of funds. If they can't then they are not for real.

When I do find a performing party, they will get a exclusive access to some very good opportunities. I cannot guarantee the developers are not trying to do their own "back door" selling, but I do have relationships with the principals and get responses to offers the same day.

At least you are under $3 trillion dollars, which I have heard floating around out there. I get people telling me they have buyers from Dubai, and South America. It's almost comical.

I have actually entertained some of these calls just for entertainment, and never once have I been able to speak with someone who can show me a signed check with their name on it.
Please fell free to use this form:

Non-disclosure non-circumvention agreement example
NCND
Agreement
Whereas, each signatory Party possesses certain information, not known by any other Party.
Whereas, the parties are initially desirous or conducting various business transactions in contact with any third Party introduced by other Party to this agreement, except for the mutual benefit of all Parties and
The undersigned Parties agree, in the consideration of the foregoing promises to abide by the following terms and conditions:
1. Non-Circumvention: Each Party agrees not to directly or indirectly contact, deal with transact, or otherwise be involved with any corporation, partnership, proprietorships, trust, individuals, or other entities introduced by either Party without the specific written permission of the introducing Party.
2. Each Party agrees not to directly or indirectly circumvent, avoid or bypass each other regarding any renewals, corporation, partnerships, proprietorships, trusts, or other entities introduced by either Party.
3. Non- Disclosure: Each Party agrees not to disclose or otherwise reveal to any third Party the identities, addresses, telephone numbers, facsimile numbers,
E-mail addresses, telex numbers, bank codes, account numbers, financial reference, or any other entities introduced by either Party to the other without the specific written permission of the introducing Party.
4. Terms: This Agreement is valid for the following term: Five (5) years from the date of signing of this agreement.
5. Parties bound: This Agreement shall be binding upon all undersigned Parties and their heirs, successors, associates, affiliates and assigns. Each Party shall take reasonable steps to ensure that their Employees, Agents Representatives, Officers, Independent Contractors, Shareholders, Principals and other third Parties abide by the provisions of this Agreement.
6. Notice: All notices, demands, consists, or requests given by the Parties shall be in writing transmitted by telecopier or other means of facsimile transmission with return confirmation requested, postage prepaid, to the other Party at the last facsimile number or address the Party has designated by notice here in. Notice shall be considered to have been given.
7. Language: The language in all the Agreement shall be in all cases constructed simply according to its fair meaning and not strictly for or against of the Parties and it is agreed that the English language is used.
8. Severability: Should any portion of this Agreement be declared invalid or unenforceable, then such portion shall be deemed to be severable from this Agreement and shall not effect the remainder hereof.
9. Integration: This Agreement constitutes the entire Non Circumvention Agreement between the Parties and supersedes all prior discussion, negotiations and Agreements, whether oral or written. The parties further intend that this Agreement constitutes the complete and exclusive statement of its terms and that no extrinsic evidence whatsoever may be introduced in any judicial or arbitration proceeding involving this Agreement
10. Amendments: Any change or amendment to this Agreement, including oral modification supported by new consideration, must be reduced to writing and signed by all Parties before it will be effective.
11. Waiver: No waiver or default of any of this agreement by any party shall be implied from any omission of such party to take action against the defaulting party. One or more waivers of any covenant, terms or condition of this agreement by any party shall not be considered to be waiver of render unnecessary consent or approval of said party of any subsequent or similar acts or omission.
12. Arbitration: Any controversy or claim arising out of this agreement which is not settled between the parties themselves, shall be settled by arbitration in accordance with the international chamber of commerce (ICC) rules and arbitration is the nearest regional or ICC non-circumvention and non-disclosure laws and binding for all undersigned parties and their associates, affiliated, employees, agents holders, principals, heirs, successors, assigns and other third parties.
13. Attorney's Fees: If any party files any action or brings any proceeding against other arising from this agreement, or is made a party to any action or proceeding arising from this agreement, the prevailing party shall be entitled to recover as an element of their cost to suit and not as damages reasonable attorney's fees to be fixed by the court, arbitrator or adjudicative authority. The prevailing party shall be the party entitled to recover their cost to suit or arbitration, whether or not entitled to recover costs.
Relationship: The Parties hereto shall not be deemed to be Partners or Joint Ventures and no Party shall be liable for any other Party's commitments or liabilities resulting from execution of this Agreement. Force and defect of Document: The Parties here to agree that a signed telefax or other facsmile copy of this Agreement shall have the same force and effect and as the original of this document.
15. Force and Effect of Documents: The Parties hereto agree that a signed telefax or other facsimile copy of this Agreement shall have force and effect as the original of this document.
IN WITNESS WHEREOF, the Parties hereto execute this Agreement by their auhorized document.
ENTITY/PERSON :
Signature
Date :
ENTITY/PERSON :
Signature ……………………………………………….
Date : ……………………………
ENTITY/PERSON :
Signature ……………………………………………….
Date : …………………………

[REbuyersgroup]

Thanks for the ND/NC.
I have a 13 page one that covers every possible angle. The problem is finding the party that violated the agreement and then suing them.

I always have jurisdiction in my county and circuit. NC/ND's are VERY difficult to enforce unless you can trace the culprit and get participation from all parites in the transaction.

I do have a private investigator tracing a recent situation. it's very costly, but when I find the party, they will learn that people should not sign something they do not plan on living up to.

Unfortunaltly, I don't trust ANYONE. Which is why I have fee agreements with the developers, and now require the "buyer" to disclose all their information so I can pre-register them before sending out any information. So far it has helped stop a lot of problems before they start.

[Sparks]

Are there any "REAL" buyers in the market who can actually close on Bulk Builder Closeouts at 40%-50% Discount?

I have several direct with builder principal projects and have been approached by every crackpot under the sun, claiming to have a relationship with some investment fund, or bulk investor, and NOBODY has been able to perform.

My typical "direct" buyer ends up being a broker chain a mile long and conference calls end up being a commission dispute.

If "YOU" are a bulk buyer, NO brokers, Agents, Finders. send me a PM.

I'm fed up with posers. If you want the BEST Deal by dealing directly with the developer, I have no problem stepping aside, as my very LOW fee agreements are already in place.

As you know, if you are an investor and have to deal with a very long broker chain, you are NOT getting the best deal!

I couldn't resisit but I have a few issues with your original post.
Here I go: :D

For one, you are a broker! Why are you are telling investors to not use "you". You are a middle man. You have a contact. Thats it!
C'mon dude! You are also avoiding a group of people who will most likely bring you a buyer. ?? Your reasons for doing so are lame. You should be able to qualify someone over the phone. If you can't find a new gig.

You stated your fees are LOW and already in place. For one why are they LOW? Do you not earn your money? Secondly, If they are set why are you telling this to us? Do you think we will feel sorry for you because you work so cheap? This was the worst sales pitch I have ever read on the I-net.

Also, who cares if the buyer is direct? As long as the money is the same at the end and everyone is happy who cares? Most buyers I know like having a buyers broker to watch out for cracks in the road. Your message has cracks all through it.

Good luck to ya

[REbuyersgroup]

All fine questions. I am really not looking for anyone from this forum to send me a buyer, because nobody can.

I agree, I am a middleman (between the buyer and seller). Yes, buyers get the best deals going direct to the builders, and many do, but for the most part they realize the value of using an agent who may have inside info about a project.
Look, I don't mind having 1 other agent who has a buyer, and split the commissions, but beyond that, compensation should be paid by the buyer.

You may be able to qualify a buyer of a $200,000 house using their Social Security number or mortgage broker who qualified them. How do you qualify a buyer of $10million over the phone? Ask him for his social security number to run a credit check? It's usually some 4th party broker who has a friend who knows somebody and can never get the guy who is writing the check on the phone.

Not looking for sympathy, my commissions are only 1 or 2 points depending on the volume. Generally these Bulk sales are $5 Million and up. Whenever you add extra mouths to feed the commissions have to go higher to pay everyone and the discount to the seller goes down.

How can you say the numbers are the same at the end of the day?

I have seen deals where I was offering 50% discount to FMV unlawfully being re-sold to "buyers" at 40%, leaving 10% on the table for commissions. Real Bulk buyers would never allow that and the deal would be crushed.

Hope I patched the potholes.

[mbcijim]

Why not just have an auction? I realize you won't make your cut, but I find it hard to believe that you can't find someone at a 40% discount.

My guess is the comps maybe don't hold out?

It isn't hard to check out a guy for a $10M deal. Ask for his banker's number and call him

[REbuyersgroup]

Builders don't have time or want to risk auctions. They are looking for bulk a bulk sale of inventory at a fixed price they can take to their lender.

Yes, the comps and values are always subjective. I have been able to get the builders to work with us to come to an agreement of value based in real market values, not inflated "retail pricing".