Sep 10, 2015
Letters of Intent (LOI) often fall apart because of unknown items that come up in due diligence, or because the due diligence process drags out trying to resolve certain issues that could have been fixed if known earlier. Identifying hidden skeletons prior to selling allows owners to resolve issues in their time frame. Having a pre-due diligence package assembled prior to selling comforts and impresses buyers, plus it speeds the selling process towards closing after a LOI is executed. Hiring professionals to conduct the process prior to finding a buyer is an expense, but in the end, your preparation will reap many benefits.