Noob trying to get into CRE
He long did the prices usually take when buying a property? My realtor and I sent a LOI 2 weeks ago and have not heard back. Is this typical that they sit on it?

Is there weeks of offers and counter offers? Or is it this is my price take it or leave it?

Also, now that I have a blueprint for a LOI, do I still need my realtor or can I just start sending out LOIs on my own and then get my realtor involved if someone bites? My realtor is slow it seems like.

Just trying to understand the time table of things.

Also I read that 15% under asking price is a good purchase price. Someone told me that's they most they pay for properties to make sure they get a good deal. Thoughts?
[{"id": "ehizu32", "text": "Based on this post you should absolutely not stop using a realtor or broker. \n\nYes commercial real estate deals are much slower than residential. Although transactions can happen fast, I find that rare. For example right now I have 15 million in listings. If a miracle happened and tomorrow someone told me they wanted to buy everything I have it would probably be 3-12 months before I see a dime. ", "replies": [{"id": "ehj057v", "text": "Would you mind if I PM you some questions? Obviously I am new to this and been reading and watching videos to learn.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ehj4680", "text": "Is this serious? You should not be doing commercial. You don't sound competent enough to buy a house...", "replies": [{"id": "ehlg669", "text": "Atleast they're trying to learn \ud83d\udc81\n\nTo OP: Most markets right now are sellers markets, meaning they probably dont care too much about your below market LOI. Maybe try writing an actual offer and see if they'll counter it. Remember, the person thats working with you has done many more deals than you have and knows the industry better. The agent/brokers job is to be a shit filter and get the deal done. If you want a deal done, write an offer and hope to get a counter offer. That 15% thing sounds like BS to me. In commercial RE people will write offers over the asking price and sometimes it ends up working like an auction does, depending on your market.", "replies": [{"id": "ehljtio", "text": "Commercial real estate is still very much an apprenticeship craft. Unless you don\u2019t care about your money, you should get some experience with all facets of the transaction before throwing out random offers.\n\nOP sounds like someone who watched some YouTube videos and entered a weightlifting competition. ", "replies": [{"id": "ehlk4vs", "text": "I started legitimately laughing at the weightlifting competition part. I don't own any CRE myself, but I worked in an office and helped a bunch with quiet a few deals so I definitely am kind of guilty of thinking its basic knowledge with what goes into it all", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ehjcviw", "text": "This sounds like a joke", "replies": [], "depth": 1}, {"id": "ehpbsgv", "text": "OP, go get a job as a CRE runner and you will learn quick or just remain impatient, incompetent and greedy. Or stick to your Resi investments...man.", "replies": [], "depth": 1}]