Negotiating the Sale of a Management Company

Negotiating the sale of a management company is a very delicate operation. Buyers and sellers will always be at odds because their interests are first and foremost profit/loss driven: the Buyer wants to pay the least amount possible, while the Seller wants to get the highest price possible. This often results in a lengthy back and forth process of offer and counter-offer.  Much like buying a car, you have to have a good poker face to get the best deal, regardless of which side of the deal you represent. If a Seller seems anxious to sell, the Buyer will open with a low offer. If a Buyer seems too eager, the Seller will open with a high proposition. To get the best deal, each party must have reasonable expectations and establish a reasonable sale price range in which a deal can be made. And at the end of the day, either party has to be prepared to walk away from the deal if a reasonable sale price cannot be agreed upon. This is a business transaction, so the decision-making process must be free of emotion.    Read the article……………..


Related Articles

Three Tips to (Politely) Deal with Noisy Neighbors

You and your next-door neighbor don’t share the same taste in music. You know this because every night you can

Looking Ahead: What’s in Store for Condominiums in 2015

It’s been said that the more things change, the more they stay the same. As the calendar turns to 2015,

Fiduciary Duty: What Boards & Residesnts Should Know

Being elected to the board of directors of a co-op or condo comes with a great deal of power, and