Regan Cherrington, a Vice President at KW Commercial, needed a solution to produce professional and comprehensive Broker Opinions of Value and Offering Memorandums. By adopting Buildout's all-in-one platform, he was able to streamline his workflow and gain a competitive edge.
For Regan Sherington, a commercial broker with KW Commercial in Burlingame, California, success hinged on more than just a deal. As a broker specializing in multi-family sales and exchanges, he knew that a professional, comprehensive Broker Opinion of Value (BOV) or Offering Memorandum (OM) was crucial for earning a client’s trust. However, creating these documents was a significant challenge.
Regan's past experiences with other platforms were frustrating. He found that the solutions provided by his brokerage were "clunky" and lacked the professional quality needed to compete. He noted a "stark contrast" between professionally produced OMs and the simple "one sheets" that were common in the industry. He needed a tool that could seamlessly integrate essential property details, such as aesthetics, demographics, rent rolls, and financial statements, into a polished and competitive document. After consulting with other brokers, he found a common problem: "I had to use three or four different software platforms to get this into a format I like, and I still didn't like it." This fragmented process was inefficient and resulted in materials that fell short of his high standards.
Knowing that his prior firm had used Buildout extensively, Regan saw it as the clear answer to his problem. He had already explored other platforms, including a free resource offered by his brokerage, but none met his standards. Buildout stood out as the single platform that could streamline his entire workflow, allowing him to produce high-quality OMs and BOVs without the need for multiple programs.
The platform's easy-to-use interface and robust features provided an immediate solution. Regan could now create a polished document quickly, ensuring that the information was communicated effectively and professionally to potential buyers and clients. He recognized that Buildout wasn't just a quick fix, but a scalable tool that could grow with his business, allowing him to easily bring on additional brokers or administrative staff to help with the process. Its cost-effectiveness and adaptability were key factors in his decision.
Buildout made Regan's job "easy," enabling him to get the information across in a way that looked professional and stood out against his competitors. The platform eliminated the need to juggle multiple software programs, saving him valuable time and frustration. The ability to create a professional BOV on the fly or collaborate with an admin to polish a detailed OM gave him the flexibility and control he needed.
By investing in a single, comprehensive solution, Regan gained a competitive edge. He can now deliver a professional-grade product that showcases his expertise and commitment to his clients. The platform's scalability ensures that as his business grows, his operational efficiency will continue to support that growth, providing a cost-effective solution for the long term.
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