Responding to brokers
After you request more information on a property and review financials, what do you tell the broker if the building doesn’t fit your criteria? 

What’s your typical feedback when you don’t like the property?
[{"id": "e2p3ilh", "text": "If someone doesn't like the property I typically expect a lot of unanswered phone calls.  If they are still talking to me after they have seen the information but they haven't made an offer then they don't like the price.", "replies": [{"id": "e2p3kbx", "text": "What are they telling you? Price is not right but keep me in mind shall something else come around?", "replies": [], "depth": 2}], "depth": 1}, {"id": "e2p94us", "text": "I sincerely appreciate it when prospective tenants/buyers give me detailed, professional feedback on why they don't like a property I am listing. This in turn allows me to better communicate why a property is not leasing/selling to my client and expands my knowledge of what people are seeing in the market. The benefit to a prospective tenant/buyer that does this is it generally gives me a better understanding of what they are looking for and I'll then send them properties that fit their criteria.\n\nI rarely follow up with prospects that say the classic line of \"this doesn't work for me, let me know if a property with a better price/cap rate (perfect opportunity) comes up\". I now know nothing more about your search criteria and it seems like this line is the favorite of the \"sip wine and browse loopnet\" non-serious prospect type. We all have pocket buyers for the \"perfect opportunity\" - usually the ones who have been loyal to us in the past and have engaged us as their tenant/buyer reps.", "replies": [{"id": "e2pa2xc", "text": "What are some reasons besides pricing that buyers are looking for? Would be a specific example of feedback you\u2019ll receive. Thanks. ", "replies": [{"id": "e2pbfe1", "text": "My thought would be you wouldn't pay the same price/cap rate for everything, right? A great one I just got in which the main reason for passing stemmed from price was, \"I don't feel we can hit a x% cap rate on a property that has x local tenants.\" I feel like at the end of the day we'd all do any deal for the right price, so saying the price is too high for me isn't really much to go off of without the reasoning of why it's too high.\n\nTotally different ballgame if a property is simply out of your budget. No problem if for some reason you didn't see the price/it wasn't disclosed and the property is at $6MM and your max is $4MM.", "replies": [], "depth": 3}, {"id": "e2pbg81", "text": "It could be anything you don't like. Usually it boils down to something specific about location / quality of the real estate / quality of tenants. mybrokerhat is spot on in that it helps brokers articulate more concisely how the market is reacting to the property listing which in turn allows the seller to choose thier best course of action accordingly. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "e2pavu0", "text": "I take it you are in investments? You told them what your criteria is, and they bring you trash? Depends on the market and the broker. You almost never want to burn bridges, and most brokers are nice for a reason. Be honest, say this is not even close to what I am looking for. I am a serious buyer, bring me a serious deal. ", "replies": [], "depth": 1}, {"id": "e2pb3ya", "text": "Just say it's doesn't work. Save my time from calling and your time from dodging calls.  Tell me to keep you on my list and I will bring you a deal eventually.", "replies": [{"id": "e2pcecf", "text": "Exactly. Just tell it like it is. Brokers understand. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "e2pbatr", "text": "\"This one isn't a go but this is what I'm looking for .....\"", "replies": [], "depth": 1}]