Simply put, under Buyer's Agency you retain us to be your exclusive agent to search for a business (hunting territory, fishing lodge, resort, etc.) that may be listed for sale or may not be. While acting as your agent we can provide you with details on what's currently for sale, along with what's sold and for what price. This information, along with all related details and facts we supply, allows you to make an informed decision when buying. In addition to this, being signed under a Buyer's Agency Contract allows us to actively seek out a business or property that suits your specific needs.
One of the most frustrating situations in searching for a business is by the time you hear of one for sale it can often be sold. We deal in many listed businesses, however we also sell many unlisted businesses to buyers who are under Exclusive Buyer's Agency with us.
Another potential problem arises for a buyer when purchasing without the assistance of an experienced agent; sellers sometimes exaggerate details unintentionally about their business: such as size, quotas, revenues, equipment, etc. It's our job to inform you of all of the details that we are aware of from our many years of dealing in this field. As for the details that we are not aware, we will obtain information from one of our correct and reliable sources.
We've had many buyers tell us they thought they'd purchased a business only to find out the seller may have changed their mind or sold to another buyer. When dealing through us, as your agent, documentation is prepared in a professional manner that allows the sale to proceed in a timely fashion, making all facets of the transfer occur smoothly.
Many buyers are reluctant to use an Exclusive Buyer's Agency. They feel they can find, negotiate and buy a business for less by themselves. Generally speaking that's not true. The fair market value includes the commission and few sellers will sell for less than fair market value. However, given my understanding and knowledge of the business, along with our ability to negotiate on your behalf to obtain the lowest price, you will have the best chance of purchasing a business to meet your needs, at a price acceptable to you.
Our Exclusive Buyer's Agency contract is in effect for one year and under the terms of the contract the commission is payable by the buyer. Having said that, we will always approach the seller in regard to negotiating a commission and more times than not, they are quite happy to participate. In this instance, no commission would be payable by you!
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