Should I be concerned? Buyer sending commercial real estate contract through snail mail when offers by others have come through email?
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[{"id": "hshkrh0", "text": "The buyer is sending the broker the contract through snail mail to then send to you?", "replies": [], "depth": 1}, {"id": "hshmfls", "text": "It\u2019s not a deal until contract is signed by both parties. Probably a delay tactic. Use the time to find a better deal for your client.", "replies": [{"id": "hsijvpe", "text": "Yeah, I was thinking the same thing \ud83e\udd14", "replies": [], "depth": 2}], "depth": 1}, {"id": "hshqrb1", "text": "Maybe his fax machine broke", "replies": [{"id": "hsi67vu", "text": "My office still uses a fax machine.  Many of my (commercial) Tenants prefer sending financials through fax versus email for security reasons.", "replies": [{"id": "hsirhbt", "text": "i was joking but I still have an efax.  Not so much the last couple years but there use to be tons of local gov type offices that wouldn't accept docs to be emailed for some stupid reason", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hshr2hd", "text": "Before jumping to conclusions it could be totally normal if a) the repping broker is very old &amp; doesn't use technology well or b) they are time travelers from the 1960's. Either way, play their offer off of the others and come out with highest and best offer for client.", "replies": [{"id": "hsjmebe", "text": "Was gonna say. As long as the broker/buyer is over the age 100, there is no need to be alarmed.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hshs439", "text": "In all seriousness op keep in mind you are going to have to work through dd and closing with this person.  If their offer isnt way higher than the rest you should take that into account .\n\nIts not just you either think about title/lending etc.  Expect delays.  \n\nI had a client who was elderly and didnt email one time.  I bet I put 2 to 3 times the hours into that as is normal.", "replies": [], "depth": 1}, {"id": "hshxbe8", "text": "I did two different transactions last year representing clients who did not have a cel phone; did not text; did not own a computer; wanted each document hand delivered in hard copy; had no desire to change or adopt any of the current technology; were each over the age of 70. \n\nAdditionally both deals involved retaining the outside services of lawyers (not surprisingly both quite elderly) who only used land lines, did not answer their phones and expected their clients to leave voice messages to be returned at their convenience; worked strictly 9-5 on week days only and were offended at the suggestion that they do otherwise. \n\nBoth deals closed on time, both were profitable, both were difficult and required the broker (me) to drive hundreds of extra miles, and spend many extra hours conducting business at the speed and manner of a bygone era.", "replies": [{"id": "hsiailt", "text": "As a lawyer with my own shop, I also strictly adhere to 9-5 only. I'm offended at any client intruding on my personal time. You can either talk to my associate or wait until 9am. \n\nI don't think it kills my deals :)", "replies": [], "depth": 2}], "depth": 1}, {"id": "hsi47wn", "text": "This is bull shite. Will he/she also want Due Diligence documents sent and received via US mail?", "replies": [], "depth": 1}, {"id": "hsi5pme", "text": "Many in the CRE industry still use yellow notepads, successfully.", "replies": [], "depth": 1}, {"id": "hsi79vw", "text": "Look up the buyer and see if he is legit. Lots of old school brokers and even older school clients. This is not residential and brokers work nine to five, no weekends. If he is legit the deal will close.", "replies": [], "depth": 1}, {"id": "hsieyed", "text": "I'd first assume they were delaying on purpose. Obviously strange with the availability of email, but that being said I have had this same situation once and there were no bad intentions. It was signed and stamped by the tenant and they wanted it mailed.", "replies": [], "depth": 1}, {"id": "hsigqoh", "text": "As your broker is representing you both, ask them about the buyer. They may just be older and not like email. There are plenty of older people in this business who close deal after deal and are solid as the rock of Gibraltar but could not attach an email in under 30 min if their life depend on it. \n\nIt seems odd that this is possible, but it\u2019s a generational thing. \n\nIf this is some rando who your broker does not know, who never closed on anything before, it may be a red flag.", "replies": [], "depth": 1}, {"id": "hsj6yph", "text": "If you have no time limit on the deal, he's probably doing as you instructed.", "replies": [], "depth": 1}, {"id": "hsjyq53", "text": "If you're emailing, I hope it's encrypted.  So many ways to scam people with unsecured email conveying sensitive info.  Vs unsecured email, I'd take the postal mail all day any day.", "replies": [], "depth": 1}, {"id": "hsk5wus", "text": "Red flag.", "replies": [], "depth": 1}, {"id": "hslfpxu", "text": "Brokers doubling the deal- repping buyer and seller is super common in commercial real estate. Paper sucks but it still happens.  I had a broker send me a wet signed contract via email because they couldn't figure out electronic signature. Industry has lots of old school players", "replies": [], "depth": 1}]