Written Offers

By Hoke - Last updated: Monday, September 3, 2012 - Save & Share - Leave a Comment

Written Offers can range from Non-Binding Letter simple of Intent to binding Purchase Agreements. At minimum it should set the price and payment terms for sale of the business. The important issues with the written offer is that it should provide for a risk free or loss free means for the buyer to “walk-away” in the event the buyer is not comfortable with or finds problems with Due Diligence. The offer should be written so that the buyer must take a deliberate action such as signing a Due Diligence condition release to open escrow rather than default opening of escrow by neglecting a deadline. You must pay careful attention to the terms of the Good Faith Deposit, this can be a potential loss area.

We Provide Buyer Support!

Whether you would like full broker representation or an advisor who is a phone call away, having an expert in your corner can make a profitable impact on your acquisition. If the listing broker will cooperate, we can represent you at no cost to buyer. If the listing broker will not cooperate we may be able to quote a reasonable buyer paid commission. We can also work with a consulting fee which can be reasonable if the buyer has located the acquisition themselves. An opportune time to bring us in is prior to written offer or during the acquisition process. Sooner is better since it is easier to avoid problems than to fix them. Call Hoke Nagahori at 310-941-2230 or email us at our contact page for a no-charge consultation and quotation.

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