Does SUNBELT Business Brokers financially qualify the buyer?
No. We usually ask for a personal financial statement from the buyer, but we do not verify the information submitted is correct. If you desire, we can run a credit report on the buyer, as long as the buyer consents and pays a modest fee (and if he/she does not consent, watch out!). Other than the credit check, it is your responsibility to do whatever you feel is appropriate regarding qualifying the buyer. If you are carrying a substantial part of the purchase price, you should verify income, asset and liability information as carefully as would a commercial lender. We have some forms that will help you accumulate the necessary financial information about the buyer.
