Should I talk to the broker or directly to the business?
Tayler asked:
Hi,
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Hi,
I recently asked this question:
I’m interested in buying a pub. The asking price is 80,000.
I want to pay the seller 5000 a month directly. No loans e.t.c.
If i agree to pay 10000 over their asking price do you think they will agree? Is this something that happens regularly? Am I just talking complete crap and this is in no way possible.
I’m thinking that we agree terms. I take over and start managing it and pay them back 5000 a month.
My question is, should I negotiate terms through the broker or talk directly to the business with a deal like this?
Same as before any time spend on this question will be greatly appreciated.
Thanks in advanced.
Tayler Hughes
February 28th, 2010 at 5:26 am
You should appoint a lawyer not a broker. You need a lawyer to draw up a sale and purchase agreement and the payment conditions to purchase the pub. Eddy T
March 1st, 2010 at 9:21 pm
Dear Tayler Hughes,
Nice of you,to have asked.
Talk directly!
Tell them that you are very much impressed by their efforts and find out why it is offered for a sale.
If it is urgent need for money you try to rise a loan and may be they too can help.
Explore all possibilities and as a last resort thwough a broker anonymously.
Best of Luck second opinion