| Once There Is A Buyer Offer Made As noted in the “Industry Standards” section, Havelock-Adams takes the time and steps to appropriately price your business at a selling price we feel is fair, win-win and will offer the client full value. However, we are obligated to present all offers regardless of our opinion. We will however continue to negotiate any offer we feel has potential. Once an acceptable offer is made and accepted, the process of preparing a sale agreement and setting up escrow takes place. Due Diligence Occasionally, contingencies are included within an offer. Additionally, in business opportunity sales a contingency usually is included stipulating that the potential buyer has the right to due diligence which means they and or their accountant may sit with the seller and go over the receipts and hard copy financial information which will validate the financial information presented earlier in the process. We work with buyer brokers in real estate sales to accomodate the requirements of the buyer within responsible limitations. Closing Once all the contingencies are met a closing date is confirmed with the selected escrow agency. |
