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Wednesday, May 06, 2009

Preventing Buyers from Foregoing Later Payments to the Seller
Every VR business intermediary carefully screens very potential buyers well in advance of even disclosing the existence of a business opportunity. Only when the intermediary is satisfied will a buyer learn that a business is for sale. 
 
A VR professional intermediary’s track record is exceptional with a success rate of well over 96%. In addition to the screening process, consider the amount of the down payment and the buyer's credit report. No one will walk away from a substantial investment without their very best efforts. Always remember that you should have, as security, not only the business but the buyer's personal guarantee as well.
Peter King  5/6/2009 9:46:00 AM 

Comments :
Response to: Preventing Buyers from Foregoing Later Payments to the Seller
Monday, May 18, 2009
Andy Ferrer says
You should always have accurate financial information to determine if a buyer pre-qualifies for a loan, see what their credit history is like. If everything checks out, there shouldn't be any problems. And any agreement that you make in regards to seller financing should have clear and concise conditions so that you don't get burned with the business.
Response to: Preventing Buyers from Foregoing Later Payments to the Seller
Monday, May 18, 2009
Jordan Katan says
With seller financing, not only do you want to ensure that the buyer has the skill, determination and integrity to succeed with the business after the purchase, you want to make sure that the buyer will be able to make payments after the transaction. It is pivotal that you protect yourself before the sale is complete.
Response to: Preventing Buyers from Foregoing Later Payments to the Seller
Monday, May 18, 2009
Philip Coldstone says
The terms of seller financing should be in the business agreement at all costs, and should have an implemented payment plan that the seller will adhere. For my restaurant, I put in place a clause that if buyer is more than three months behind on payments that I can put on a lien.
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