In recent months I have seen a large number of property assemblages listed by agents from “the big names” in the business as well as some local players. As an investor I may look at this differently than the average person but obviously assemblages are meant for buyers like me and not homeowners. Investors also need to know how to finance raw land or get a loan on a commercial real estate purchase.
Interestingly not one assemblage has sold since I started tracking. I have, however, funded deals for investors who went out and did their own assemblage sans professional representation. These investors were able to purchase quite well below market average in two cases and slightly above market average on a smaller assemblage with a lot of road frontage.
What are your experiences with assemblages? Do they give a distinct advantage to anyone other than the agent(s) who stands to make a much larger commission because of the increased sale value? That is NOT, by the way, a dig on agents – hey, it makes larger loan amounts for the lender as well!
Is there a wrong way to put together an assemblage?
Ken Cook – Nationwide Specialist – Information/Marketing – FHA Home Loans
678-439-8683
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