If you’re buying or selling a dental practice, working with a dental broker is a crucial step in ensuring the process goes smoothly. However, before choosing the first dental broker you come across, it’s important to be mindful and ask potential brokers these questions.
1. Where Is Your Broker Service Located?
If you’re searching online for dental brokers, it can be easy to come across brokers from anywhere in the world. Finding brokers that are local to the area you’re looking to buy or sell in not only benefits you and the broker but the local economy as well. Narrowing down your Google search or asking what specific areas potential brokers service is a great way to find an expert in your own area.
2. How Will I Be Compensated?
According to our experts, valuation is the most critical step in selling a dental practice. However, whether you’re buying or selling a dental practice, it’s important to know how compensation will work. Will you receive payments through them or the purchaser? What are their broker fees? Knowing these things ahead of time can eliminate any confusion or miscommunication when it comes time for money to be exchanged.
3. What Experience Do You Have?
Working with an experienced dental broker can give you an advantage as you navigate the selling process. Inquiring about how qualified a potential broker is can help give you peace of mind as you begin the process, knowing that they’ve been through this many times and are confident in what they’re doing.
4. Do You Have References?
When working with a dental broker, you want to feel confident in their abilities. Asking potential brokers for references from past buyers or sellers they’ve worked with is a great way to gauge their business practices and the work that they do.
If you’re looking to work with a dental broker, it’s critical to choose one that aligns with your needs and desired outcomes. Asking these questions can help you gain valuable insight and find the right dental brokers for you. If you’re searching for a team of experts to assist you with your dental practice listing or purchasing, our team at Professional Practice Sales is here to help you. Get in touch with us today to learn more.