Using Broker to get Realestate Value Senior Living

How much would this cost, how long would it take, and would they put it in writing. What should be the terms for selling in Buffalo NY 5-6%???
In Selling Property - Asked by Brian C. - Jan 12, 2012
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Answer(s)

Nadina C.
Broker/Agent
Phoenix, AZ

Brian -- Your question is a bit vague. 5-6% of what? Senior Living is generally sold on a cost per unit basis if it is sold like an apartment community. If it is a senior assisted living home (usually 12 beds or less), then it is being sold as an operating business. The price in both cases depends on the financial performance of the senior living community. If you are wanting to sell, you should work with a commercial real estate broker who specializes in selling senior living communities of the size yours is. All offers must be in writing in order to be taken seriously. Please be sure to work with a real estate attorney to make sure you are protected by the contract.

Jan 21, 2012
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Nadina C.
Broker/Agent
Phoenix, AZ

Brian -- One more thought: are you asking about an appraisal? The price will vary from company to company and you are paying for it to be put in writing. Good business / commercial property appraisals may take as long as 30 days. If you want a Broker Opinion of Value, many commercial real estate brokers will provide that to you in writing and will do it without charge if you list the property with him/her. The appraisal will only be as good as the financial information the owner supplies to the appraiser or commercial real estate broker.

Jan 21, 2012
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Nancy G.
Broker/Agent
Sandy Springs, GA

I am a Broker in NY. I do business mostly in Rochester, NY. Let me know more about your property. I have someone who buys Senior Housing Facilities. Do you need your property listed? Let me know. Nancy

Jan 23, 2012
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