Wes Read CPA, CFP®CEO PracticeCFO and CEO Practice Orbit

What a Dental Practice Buyer can do to Close On Time

Name: What a Dental Practice Buyer can do to Close On Time
Uploaded: 2024-08-21T14:31:01+00:00
Duration: 37 s
Channel: Wes Read CPA, CFP®
Description: A short advisory YouTube video by Wes Read, CPA, CFP® offering practical steps dental practice buyers can take to ensure a timely closing. Key…

21 Aug 2024 · 1 min

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A short advisory YouTube video by Wes Read, CPA, CFP® offering practical steps dental practice buyers can take to ensure a timely closing. Key recommendations: start conversations with banks early, provide an initial credit report so lenders can issue a pre-approval ballpark, establish lender relationships, and obtain a lender checklist of documents to give the seller immediately after signing a letter of intent to keep the process moving.

Chapters

I want to kind of touch on what the buyer can do to get a closing on time. And what the buyer can do to get a closing on time is start the conversation with the bank as soon as you start looking for practices and get out of the way the initial credit report to them so that they can do kind of a pre approval without a specific practice in mind, but what they would be willing kind of ballpark to lend on and create that relationship and talk to the different banks that you're talking to and get a checklist from them of information that you can just hand over to the seller the second you sign the letter of intent, so that can keep it moving.