Shopping more than two or three banks almost always leads to WORSE outcomes for the buyer.
Higher rates. Higher fees. Worse terms.
Category Archives: Financing
04
Oct
Oct
You need to stand out. And one way to stand out is to look ready to buy now.
Looking ready and looking prepared to the seller and/or broker is key. This article will give you one tool in your toolbelt to maximize the chances that you look the best of all the buyers: a pre-approval letter from a bank.
23
Aug
Aug
The average dental practice in the U.S. costs about $520K. But I don’t like national averages here, because it’s misleading for your specific situation and practice. There are just too many other factors in the mix. How many operatories does it have? How many doctors? Is it a specialty practice? What city is it in? Which neighborhood? And so on. You get the idea.
So let’s look at it a different way.
12
Apr
Apr
“Negotiating” is just one of those words. Like “networking,” I know that when I mention negotiating, I’m going to get looks that usually range from reluctant to terrified. “Negotiation” calls to mind confrontation, argument, and discomfort for most of us.
The reality is usually very different.
02
Feb
Feb
Banks aren’t the only ones who can loan you money! If you’re buying a dental practice, it’s possible that the selling dentist could be involved in the loan process as well, as a lender. While it’s less common than a standard bank loan, it could become relevant in your purchase process. If it is, here’s what you need to know.
27
Oct
Oct
If you’re buying a dental practice, every banker will want to be your lender. You could have multiple lending offers, and choosing between them can seem tricky. Hey, it’s a good problem to have! But you’ll still have to choose, so how do you do it? I’ll share a few thoughts.
20
Oct
Oct
If you’re buying a practice, and you’re prepared, you’ll have options when it comes to the bank you choose to do business with. How do you know which one to choose? I’ve got a few thoughts.
