What do hotel brokers consider to be a qualified buyer?

If you have decided to sell your hotel, you’ve most likely been actively searching for a qualified buyer. Simply put, a qualified buyer is an individual or company who is financially able to buy a property within a specific price range. In this blog post, we will discuss what it means to be a qualified buyer and why you can trust Southeast International Hotel Brokers to find the right buyer for your hotel property.

Hotel Brokers and Qualified Buyers

Now that you have made the decision to sell your hotel, you need to look for a professional, trustworthy hotel broker to help you secure a qualified buyer. Since you have the option of working with an individual or a corporate buyer, you need to know what type of a sale would be in your best interest.

With either choice, the sales transaction can be a long and drawn out process. You’ll want to ensure that everything goes smoothly, so all of your effort is not lost. Most sellers want their legacy to remain intact and the business to run smoothly throughout the process of the transaction. Hiring a hotel broker to help you find a qualified buyer can free up more time for you to continue running your business as needed.

While transactions brokers will help you search for and find potential qualified buyers, they have no legal duty to conduct an independent investigation of the buyer’s financial condition. Hotel brokers will mainly seek to match the buyer with what your property offers. This includes verifying that the buyer is looking to buy a certain caliber of hotel property, in a particular location and within the required price range.

Once a qualified buyer is selected and you have agreed on a selling price with the buyer, you will then have the responsibility of following up with due diligence to ensure the buyer understands the market conditions and clientele.

Additionally, another important aspect to consider is financing. An individual considered a good candidate for the purchase might still have difficulty getting the approval of a lender. You will want to make sure the buyer has the sufficient funds to complete the purchase.

Why Choose Southeast International Hotel Brokers To Find Your Qualified Buyers?

Southeast International Hotel Brokers has 50 years of hotel brokerage experience and a database of thousands of qualified buyers. Whether you choose to seek an individual buyer or go with a corporation, we are there to assist you. Our strategic marketing plan ensures that your property will be placed into the hands of a well-qualified buyer, giving you the best sale outcome possible.