Friday, November 13, 2009

Should I talk to the broker or directly to the business? -

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

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

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.

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