NCC Represents Sellers - What is a buyers broker?
Monday, February 8, 2010 at 3:43PM NCC represents sellers. We are not a "buyers broker" but what is a buyers broker and how does it differ?
"I have buyers lining up for you" If you own a company you have probably heard this before. NCC could easily say this but we like to "Line-up the buyers".
A buyers broker realistically represents one company at time to purchase your company. If that company does not purchase your firm they can move on to the next. As the "buyers broker" is paid by the buyer they cannot provide a true market to get you the best price.
To put in in another perspective how would you like your agent (as a buyer) bid up the price so you could say "Thank goodness my 'buyer broker' brought in more buyers to bid against me so I could pay their fee". It has to do with fiduciary responsibility.
NCC has no philosopical delema. We represene the seller. Our responsibility is to achieve multiple offers.
Sellers sometimes point out that the "buyer" is paying the fee by using their buyer broker and therefore they save that portion.
While the NCC fee agreement is with the Seller, it is actually paid by the buyer. The buyer is only going to pay so much regardless if they are directly paying the fee or not. The real question is who is going to get you the best price in your pocket...we think NCC wins for our client.
After all we have been doing this for over 15 years.
Have NCC represent your company, our record indicates we will increase your value. That is our goal.
Contact NCC today: 239-282-5550

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