December 4, 2020  
 
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Selling a Homes and Institutions Business

At first glance, an unstable economy would seem to be an unfriendly atmosphere for a homes and institutions business sale. But in reality, now may be the perfect time to sell a homes and institutions business.

Today's homes and institutions business buyers tend to be more skeptical than most about the nation's economic outlook.
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Undaunted by economic conditions, many homes and institutions business sellers are achieving their sale goals through deliberate sale strategies.

Leveraging Seller Concessions

Seller concessions are becoming more commonplace in business-for-sale transactions. Not surprisingly, seller financing is routinely requested by today's buyers. Traditional lenders and investors are gun shy - and that makes sellers a logical funding source for many buyers. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.

The Best Person to Sell Your Homes & Institutions Business

An unassisted business sale is a double-edged sword. On the one hand, no one knows your business better than you do. When it comes to earnings potential, asset condition, and other considerations, you are the world's leading expert on your company. However, your close connection to your company can also be a drawback. Nearly all sellers have an inflated sense of their company's value. Business brokers and other third-party consultants bring objectivity to the sale process and give you much-needed insight about buyers' mindsets.

Before You Sell

There is a lot of work that needs to be done before you're ready to sell your homes and institutions business. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Armed with a realistic timeframe and asking price, you can begin to consult with your broker about the best way to approach likely buyers.

More Exit Planning Articles

Given your interest in exit planning and in homes and institutions businesses, you might find these additional resources to be of interest.

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Conversation Board

Sometimes the best tips on selling a business come from other business owners. If you have any tips or advice on how to sell a homes and institutions business, we invite you to submit your comments and suggestions.


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