Apartment Building for Sale West Bucktown Chicago
The role of a buyer’s agent is much different than that of a seller’s (listing) agent. The amount of time it takes to find properties, research them, present to clients and conduct showings doesn’t compare to managing a listing. Buyer’s agency is more difficult; however, it can be much more rewarding.
I located an available brick four flat (multi unit) near the Western Blue Line Stop for which I have three potential buyers. In this case, instead of scheduling a showing, I previewed the property first. This tactic is used often. I found that the property was in good shape overall. The hard part with a property like this is it was built around the late 1800s. Properties built around this time typically have a layout deficiency resulting in small bedrooms. Further, it was mostly empty which adds a ton of risk to your cash flow. Throw in a couple other questionable things and I have a property that I can’t present to my clients.
Ultimately I saved my clients a ton of time by not presenting the property or scheduling a showing. However, at a much lower price point I will present this listing to my investors.
