Buyer Frequently Asked Questions

Finding a Practice Broker you can trust should be at the forefront of your process when considering buying a practice. Many states require that Business Brokers be licensed in an effort to help protect the public from fraudulent practices. Even if the state doesn't require licensing, we require all of our practice brokers to have a real estate license. It is important that the practice broker you choose has the education, background and experience necessary to help you complete a legal and positive transaction. 

1st Med Transitions is a Sell-Side Transition firm and we represent and are paid by the Seller only. We do not charge the buyers and fee whatsoever.

We understand that buying a practice can be a daunting task. We make sure you are fully informed of the process of acquirig a practice and will walk you through every step. Once you have selected a practice, the transition advisor for that listing will concact you to discuss the practice in more detail and make sure it's a good fit. Our technology-based process allows for a quick & easy review process that presents the practice information in a transparent and coherent way.

No, it is not necessary to visit our office locations. 1st Med Transitions is unique in that we are a technology-based practice brokerage and can complete the entire transaction without a face to face meeting. We do however recommend a video conference with your assigned practice broker to develop the personal relationship side of the process. It also allows the tranistion advisor to spend one-on-one time with you to go over what to look for in a practice and how 1st Med develops and provides the information presented to buyers, as well as to answer any and all of your questions.

The great thing about being a Dentist is that the banking industry has preferred lending programs that offer 100% Practice Acquisition financing plus working capital. Not sure where to start... no problem. 1st Med Transition has in-house financing advisors who can help deteriming the programs you qualify for. You can read more about Buyer Financing Options Here.

Obviously every situation is different, but a transaction can close in between 30 and 60 days. However, a sales transaction is dependent on third-parties, such as lenders, attorneys, landlords, etc. and can be delayed depending on how responsive they are. 1st Med Transitions works will all parties to coordinate the closing process and facilitate a smooth close and transtion!