DOS - how not to scare sellers - Posted by Craig (IL)
Posted by Craig (IL) on February 10, 2002 at 08:30:22:
There’s been pleny of threads on the DOS, but, not on how to explain it to sellers. I’d like feedback on how other investors approach this with prospective sellers. I assume we all wouldn’t want to lose a deal just because of a seller’s nervousness.
If, as an investor talking with a prospective seller, you go to the extent to introduce a DOS Acknowledgement piece of paper, such as Bronchick’s form, and especially if one has it notarized, it’s telegraphing that there’s a serious problem to a seller, The seller barely knows you anyway.
How do others of you handle this when talking with sellers?