Everyone is looking to save money, whether at the grocery store, shopping online or selling real estate, saving a ‘buck’ is often the name of the game. When considering selling a senior living community, the temptation to list a property without a broker, or use a low fee unproven brokerage, can be tempting. However, it is also important to consider the benefits of listing with a proven seniors housing broker, that provides a track record of past successes within your market.
An experienced seniors housing broker, working as part of an established brokerage, can provide access to a qualified pool of buyers with known financial resources. This is something that is often unavailable to those without a background in seniors housing brokerage.
Some of the benefits of working with an established seniors housing broker include; creative marketing plans to aggressively present the ‘upside’ of your community to qualified buyers, creating a market, and thus maximizing a sale price. Additionally, if a broker works within a larger collaborative brokerage team, the team will make direct contact with prequalified buyers presenting the property in a professional approach.
Upon procuring qualified offers, brokers will also help a seller select the most attractive offer, considering any contingencies, buyer financing and track record of the acquiring entity. This can prove invaluable when navigating the complicated transaction of a senior living community, as both the building and business are being sold. We understand the highest offer is not always the best offer.
It is important to consider all the factors within a potential sale, as no two transactions are exactly identical. While brokerage fees vary, an experienced seniors housing broker can return many times that amount in creating a controlled competitive bid environment for your community, while helping to guide you step by step throughout the process to ensure a timely, smooth and favorable outcome.
To discuss how we can assist you with the sale of your Senior Living Community, contact Brad Goodsell of Senior Living Investment Brokerage, Inc. at 630-858-2501 or [email protected]. We are available to prepare a no obligation property analysis for you.
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