At KLAS Solutions, we understand the intricacies of purchasing and selling healthcare real estate. Numerous nuances in the process can result in the savings or loss of tens of thousands of dollars. With our extensive experience and expertise in the healthcare real estate industry, you can count on our team for trusted representation, the most favorable purchase or sales terms, and a seamless, stress-free experience.
The following is a glimpse of what healthcare real estate buyers and sellers can expect with the real estate core process.
The Real Estate Core Process for the Buyer
Step 1 - Personal Meeting: We'll start with a "getting to know you" meeting, during which we will explore your goals and dreams about purchasing a healthcare practice. Our team will conduct a thorough needs analysis, including an assessment of available locations and a comprehensive demographics report.
Step 2 - Research the Market: We will research the market and select multiple options for you to walk through based on your unique needs.
Step 3 - Tour the Property: We'll tour multiple properties, evaluate the facilities, and narrow down the choices to the top two or three options that best suit your needs.
Step 4 - Letter of Intent Negotiations: Once you decide on the perfect property for you, we will work with the seller to negotiate the best possible terms.
Step 5 - Final Offer: We will construct a purchase agreement reflecting our agreed-upon terms in our Letter of Intent. .
Step 6 - Due Diligence: Our goal is to ensure your new real estate purchase is an excellent fit for your goals and provides the best long-term investment returns. We'll walk you through the building inspection and the necessary surveys and will work with you and your lender to ensure your financing is in order before your closing day. We work with healthcare-specific attorneys to analyze the Purchase Agreement language and ensure everything is in order.
Step 7 - Sign and Close: At closing, your money will be transferred to the seller via wire transfer. Congratulations. At this point, you are a new commercial real estate owner!
The Real Estate Core Process for the Seller
Step 1 - Personal Meeting With the Seller: We'll start with a "getting to know you" meeting, during which we'll explore your goals and dreams about selling your healthcare practice. Our team will conduct a thorough needs analysis, including an assessment of your location, the condition of the building, and a comprehensive demographics report.
Step 2 - Research and Evaluation: We will research the market and provide you with an Evaluation of your property using Market Comparisons, Replacement Cost, and Capitalization Rate. We'll use that information to come up with a fair market price.
Step 3 - Listing and Marketing: We will list your property on CoStar, the #1 commercial real estate MLS worldwide, along with the KLAS Solutions website and our social media platforms. We will also actively share your property with our extensive network of buyers and investors.
Step 4 - Review Offers: Once the offers start coming in, we'll evaluate them carefully, recommend the one that best suits your needs, and negotiate the terms of the sale on your behalf.
Step 5 - Accepted Offer: Once we secure the best offer with the best terms, you'll sign the Letter of Intent or purchase agreement, and we will start the due diligence process.
Step 6 - Order Title Commitment: We'll order the Title Commitment and share it with you and the buyer. We'll walk you through the entire process and ensure you have everything the Title Company needs in order.
Step 7 - Sign and Close: At closing, your money will be transferred to your account through a bank wire transfer. Congratulations! At this point, your sale is complete.
Get Started With Your Real Estate Purchase or Sales Today
Purchasing or selling healthcare real estate doesn't have to be overwhelming. KLAS Solutions has vetted and developed a network of qualified real estate brokers nationwide to help you navigate the complexities of the real estate purchase or sales process. Choosing expert representation will ensure you avoid costly pitfalls and secure the best possible terms. We'll always care for your interests at the highest level and ensure you enjoy a seamless healthcare real estate purchase or sales process.
Contact us to get started today!
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