Finder's Fee's on Parks

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I’m curious on how common Finder’s fees are on park transactions…We’re talking off-market deals, no brokers - Is there a standard expectation that you find typical. What would you be willing to pay for being connected to an interested seller? We are talking about someone making an introduction of two parties that wouldn’t have otherwise found out about each other.

I’ve had several contacts connect me with opportunities, but haven’t asked anything. I’ve got another one who has said its standard practice to pay x% and I want to minimally meet fair expectations…which for me would generally mean having an agreement in place before, not after the introductions.

Thanks for any thoughts.

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I would think the size of the park and the meat on the bone would matter but anywhere from $10-50k at closing seems reasonable to me.

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I’ve been told 1-3% which on a couple million dollar park can be a nice chunk

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Thanks for the input.

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Hey Andy, Frank from Birch Realty.

I would love to discuss off market opportunities with you.

We have been in business for 40 years.

Thanks,

Frank Principe

Birch Realty

727-592-2418

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I’ve heard 5% but I’m sure it’s negotiable.

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Please email me at info@birchrealty.com

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A Finder Fee depends on what/how much info the Finder is providing? To both the Seller and/or the Buyer.
A good benchmark might be what does a Commercial Real Estate Broker earn? %, Sliding Scale?

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Be certain to verify that any so called realty company actually has real estate licenses in the state where they are located, or the park they are pitching to you is located, if they claim to be a buyer’s agent, or even a buyer’s advisor but the services they really offer are services offered by a buyer’s agent and requires licensing. All states have easily accessed online sites to verify licenses.