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Why Use A Broker?

Why use a broker to facilitate the selling of your property or business?

An often-asked question. Or it should be…

A broker is a qualified professional familiar with the market you are looking into. To invest you’re hard earned savings.

A broker is a skilled negotiator. They know the laws relating to the safe transfer of ownership.

They know how to accurately read the financials of a business.

A broker will most likely be able to tell if the buyer is genuine and not a time waster.

Brokers do not come cheap, so be selective in whom you choose and also select which part of her/his services you want to use.

A broker will most likely gain you a much lower price than you would without him/her, thus more than paying for their services.

Usually the broker works with the seller. In that case she/he has a fiduciary duty to the seller. Ethics are high among brokers, so use theur expertise even if they are representing the seller and you are a buyer.

Even if you are a buyer it is often well worth your effort to obtain the services of a broker when looking for a business.

They have access to many more listings than a private person may have and its always better to have a buffer between the seller and the buyer. Brokers often deal in specialist markets/industries.

Brokers will put together a selling memorandum for the vendor (seller). This is a package of everything needed by the buyer to make a speedy decision in the purchase. It is in the brokers best interest to ensure a speedy transaction, as they work on commission.

A broker will provide a letter of intent once the negotiations are concluded and then they will provide the sale and purchase agreement for both parties to sign.

 

Featured Brokers

Advanced Business Brokerage Virginia, USA

National Business Brokers Consultants Colorado, USA

Pacific M&A And Business Brokers Vancouver, Canada

For more info see our Featured Advertiser Benefits.

 


January 1, 2010
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