Do I need advisors, accounts, attorneys, etc?

February 21, 2014 by Nhi Huynh in

Do I need advisors, accounts, attorneys, etc?

We recommend that you have qualified attorneys, accountants, consultants and “advisors” at each important phase of the sale. The major phases are Offer/Acceptance, Purchase Agreement, Lease Transfer, and etc… However, the cost of hiring these experts can be expensive. More importantly, some professionals (attorneys, accountants, consultants, and advisors) accept commissions for referrals known as “finder’s fee” if the deal does not close and they are able to refer the buyer or seller somewhere else. Be very careful when you see such a clause on their documents. Some “finder’s fee” can be many folds higher than the attorney’s or consultant’s fee, causing a conflict of interest when they recommend you to move forward with the sale or not. So be very careful when you decide to hire experts to help you. Ask questions about “finder’s fee”, read all documents and weigh the costs and benefits.

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