Is a Dental Practice Appraisal necessary when purchasing?
Frankly, yes. A formal appraisal based on cash flow, marketability, transferability, and various other criteria are needed for a purchaser to make a knowledgeable purchase offer. In the absence of an appraisal, often price becomes the most controversial issue. SET has been providing formal dental practice appraisals since 1997. Items considered in the appraisal include: location, staff transferability, cashflow, included equipment, office procedures and transferability of patient records. Buyers will need this information for purchasing the practice. Mortgage companies and banks routinely require this information to process the loan.
Related Questions
- What if I have an appraisal already completed for my home? Can KeyBank use it if they say one is necessary to participate in the loan program?
- Do you offer assistance to schools or organizations that are interested in purchasing Positive Action but don’t have the necessary resources?
- Is it necessary in the U.A.E. to use a lawyer for purchasing a property?
