Tips on price negotiation on commercial real-estate land? Any recommended brokers?
I found 10 acre of land that I am interested in developing. The cost is about 1.5MM, which broker should I go to and or would help with price negotiation.
M&amp;M, JLL, CBRE, local? Any recommendations? Any advice?My market is Houston, TX.
[{"id": "j0vlvht", "text": "Depends on the Houston market. Who is doing the most land deals? My experience land is often dominated by local boutique firms and not the larger ones like CBRE &amp; JLL", "replies": [], "depth": 1}, {"id": "j0vnyh9", "text": "First off does it offer a co broker if you bring a broker? Otherwise you\u2019d probably need to pay the buyers brokers.  If it does reach out to a commercial brokerage and ask for there opinion", "replies": [], "depth": 1}, {"id": "j0vo6u7", "text": "Out of those 3, JLL or CBRE would both be more than fine. Transwestern, Colliers, or CushWake would also be better than MM as well as far as the big firms go in Houston b", "replies": [], "depth": 1}, {"id": "j0x06c8", "text": "Are you going to need someone to lease it up afterwords? All cash or are you going to need financing? Existing or a new operation?", "replies": [], "depth": 1}, {"id": "j0x3t6f", "text": "Go to sior.com and look for a broker that specializes in that market", "replies": [{"id": "j11r4u6", "text": "Curious does sior specialize outside of industrial and office?", "replies": [], "depth": 2}], "depth": 1}, {"id": "j1dvl7y", "text": "J Beard Real Estate", "replies": [], "depth": 1}]