He's really not working for the both of us at the same time (dual agent). He has confidentiality on both sides. He is in the middle, he has to try to be fair for both sides.
And he just called me saying that the owner will stay for 6 months but at 40% collections instead of what we initially talked about (35%) working 2 days a week.
I'm trying to reconcile what all these statements mean, so maybe you can help clarify:
How did you find the practice, through this broker or did you happen to stumble upon it?
Is the seller using a broker?
Does this give me any money to pay the business loan is my concern ...
How are you going to address that concern? Are you going to run the projections to answer that? Is that what the broker is doing?
So hold off on making an offer until I meet with the lender?
So it sounds like you're ready to make an offer, I assume you've done a price and practice performance assessment (or someone looking out for you) to determine that your offering price is "reasonable", right?
Remember...it's a negotiation!