Wayne Courreges IIIManaging Principal, CREI Partners, CREI Partners, CREI Partners, LLC · Disciplined Passive Real Estate. Transparent Leadership.

Unveiling the Whisper Price in Real Estate Syndications, Part 1 of 2

Name: Unveiling the Whisper Price in Real Estate Syndications, Part 1 of 2
Uploaded: 2023-09-09T00:01:48+00:00
Duration: 55 s
Channel: Wayne Courreges III
Description: Short excerpt from a YouTube video by Wayne Courreges III explaining the concept of a "whisper price" in real estate syndications. The speaker contrasts…

9 Sept 2023 · 1 min

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Short excerpt from a YouTube video by Wayne Courreges III explaining the concept of a "whisper price" in real estate syndications. The speaker contrasts residential listings—where asking prices are publicly listed (e.g., $500,000)—with commercial deals, where sellers' target prices are typically undisclosed; brokers call other brokers to learn the seller's "whisper price," which becomes the negotiation starting point.

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Usually there's a whisper price in residential. You know, you go to the MLS or you go to realtor.com or Zillow, and the seller tells you, hey, I want A I want $500,000 for this house. So you have a pretty good idea of your starting point. And then you can offer below or depending on the market, higher, you know, to negotiate, to try to get get the house. And commercial real estate's a little different. We we don't know where the seller wants to be because it's not on paper. However, we'll talk to other brokers. We'll talk to the broker who is looking at the deal on behalf of the seller, or maybe the broker representing the seller and will call and say, hey, what's the whisper price? And so the whisper price is really where the seller's target is to sell. And that's our starting point.