- 1 Brokering, Buying, or Selling a Business
- 1.1 Co-Broker Buyer Broker Agreement
- 1.2 JR-Deal-NewZ-2-8-2019
- 1.3 Home Renovation Can Cost A Lot
- 1.4 Funny Mockery of Ineffective Government – From An Opponent of Single Payer
- 1.5 IRS Provides Clear Test on How 20% Deduction Applies to Rental Income, Exchanges
- 1.6 Real Estate Calculations Every Investor Should Memorize
- 1.7 An additional inspection can cut short the time for the original inspection
- 1.8 Ten Mistakes Investors Should Avoid
- 1.9 How to Make Earnest Money Non-Refundable
- 1.10 4 Different Types of LLCs and the Ways They Pay Taxes
- 1.11 Why I Walked Away from a 118-Door Apartment, 10 Essential Real Estate Team Members & What to Do When Your Tenant Gives Notice
- 1.12 Helping Other Brokers
- 1.13 Home Inspection Questions
- 1.14 Seller-Financing Restrictions Under The Dodd-Frank Act – Barnes Wallace
- 1.15 Door Knocking to Find Real Estate Sellers
- 1.16 Radio – 9-16-2018 8 PM Eliminating Traffic Congestion 9 PM Buying Real Estate in Partnership – James Robert Deal – Attorney Broker
- 1.17 How To Choose A Domain Name – by Saul Klein
- 1.18 Mistakes Sellers Make
- 1.19 Buy Real Estate In Partnership
- 1.20 Small 5G Cell Towers in Neighborhoods Reduce Property Values
- 1.21 15605 Cascadian Way Bothell WA
- 1.22 Cell Towers Reduce Property Values
- 1.23 Reciprocal Easements by Prescription
- 1.24 There may be a short statute of limitations on your credit card debt
- 1.25 The Downside of Smart Homes
- 1.26 Cancelling, Restructuring, Extending, Deferring, Rehabilitating, Consolidating Student Loans
- 1.27 Where Americans Move To – Where they Moved From
- 1.28 Selling FSBO Can Cost Sellers A Lot Of Money
- 1.29 Renew the National Flood Insurance Program (NFIP)
- 1.30 Underwater Properties – Due to Climate Change
- 1.31 18809 65th Place W Lynnwood
- 1.32 Co-Brokerage Listing Addendum
- 1.33 Call A Real Estate Attorney BEFORE You Buy or Sell
- 1.34 How Much Is Your House Worth?
- 1.35 JRDeal-NewZ-12-13-17 CDC Manipulated Results Anthrax Vaccine Sickens Soldiers
- 1.36 Puget Sound Market Prices Up
- 1.37 Questions To Ask Before You Buy A Home
- 1.38 Prince Did Not Have A Will – Do You?
- 1.39 The Foreclosure Train Rolls On
- 1.40 Dodd Frank and Seller Financing
- 1.41 Buy This Book – Chain of Title
- 1.42 You Need A Lawyer When Doing A Modification
- 1.43 Mortgage Modification Successes
- 1.44 For Sale By Owner
- 1.45 Banks Losing Right to Require Arbitration
- 1.46 Bothell Real Estate Attorney
- 1.47 Real Estate Attorney And Real Estate Broker
- 1.48 Author
- 1.49 Buyers With a Good Down Payment But Poor Credit
- 1.50 Seeking Lease Option and Contract Sellers
Brokering, Buying, or Selling a Business
When a business is being bought or sold, the sale can include the land and building the business occupies, or the seller may be retaining ownership of the land and building and selling only the going business.
The going business is often referred to as a “business opportunity”. I will focus just on the business opportunity aspect of the transaction.
Putting together the purchase or sale of a business is a challenge for many reasons. With real estate, title insurance is available. First, and most important, there is no title insurance for sales of businesses. The buyer must do due diligence to confirm that the seller owns what he is selling.
Next, a business opportunity has more moving parts than a simple real estate transaction. Some of the additional components are as follows:
If the seller does not own the land on which the business is situated, there will be a lease, which must be dealt with. A lease can be assumed with or without release of liability for the seller. If the lease is expiring, a new lease must be worked out.
The business includes inventory. The sale price is often X dollars plus the value of the inventory. The time and method of doing inventory must be spelled out, and there must be agreement as to whether inventory is valued at cost or below cost by a certain percentage. The buyer sometimes has the right to decline to purchase certain classes of inventory, such as old inventory or inventory which is not readily saleable.
Generally there is a down payment of part of the purchase price with the seller carrying the balance. Of the buyer may be able to pay all cash, perhaps by getting private financing, an SBA loan, or some other financing. The buyer might obtain new financing for part of the cost and carry back part of the balance in second position, which is more risky for the seller. There might be extra collateral given, which is called side security.
I could go on and on.
I have structured and closed scores of business opportunity transactions. I am available to work with brokers, buyers, and/or sellers to get these transactions set up properly so there will be a clean closing.
Brokers who lack experience with business sales might bring me in as a co-broker, with part of the commission going to me at closing. I a licensed not only as an attorney but also as a real estate broker. This does not necessarily have to cost the listing brokers anything. The seller might agree on an increase in the commission sufficient to cover my fee. Naturally, I charge more if I am going to be paid only if the transaction closes than if I am charging the buyer or seller by the hour.
If you are a buyer or seller and you have been lucky enough to find each other, I am also available to help you structure your transaction and get it into escrow. I can work for buyer or seller but not for both.
I have an open line to brokers, buyers, and sellers to talk generally about transactions where I might help with.
James Robert Deal, Broker and Attorney
Broker with Agency One Realty LLC
WSBA # 8103, DOL # 39666
James at James Deal dot com
James Robert Deal co-brokers with other brokers on complex deals. This is a buyer broker co-broker agreement.
Eliminate traffic congestion. James Robert Deal managing broker. Become a real estate agent.
Reality check: Don’t fall for these TV home renovation fibs Kitchen and bathroom remodels can cost more and take longer than HGTV shows lead you to believe. · by Sharon Salyer · Saturday, January 26, 2019 These before-and-after photos of this Edmonds...
From James: Some points are valid. Some are not. But this is well written and sometimes funny. One of government’s problems is that elected officials are being bribed by corporate money. They need vast sums to get elected, so they take the money. And that appoint...
The Top 8 Real Estate Calculations Every Investor Should Memorize by Andrew Syrios | BiggerPockets.com https://www.biggerpockets.com/renewsblog/2016/01/13/top-8-real-estate-calculations Despite what many of us math-allergic folk would prefer, real estate does involve...
An additional inspection can cut short the time for the original inspection QUESTION: I’ve always been under the impression that when a buyer sends notice for additional inspections then the initial timeframe is void and buyer only has the additional timeframe to...
10 Lethal Mistakes to Avoid on Your First Real Estate Investment by Chad Carson | BiggerPockets.com https://www.biggerpockets.com/renewsblog/2016/03/22/10-lethal-mistakes-avoid-real-estate-investment You may have heard that your first real estate investment is the...
Click here if you are having trouble viewing this message. Weekly Membership Newsletter JANUARY 8, 2019 • Stay Connected! QUESTION: I have been asked a few times about non-refundable earnest monies. If a seller, who is a builder, is requesting that earnest monies be...
4 Different Types of LLCs and the Ways They Pay Taxes by Scott Smith | BiggerPockets.com https://www.biggerpockets.com/renewsblog/different-types-of-llcs-and-the-ways-they-pay-taxes/ The following is meant for informational purposes and is not legal advice. For...
Why I Walked Away from a 118-Door Apartment, 10 Essential Real Estate Team Members & What to Do When Your Tenant Gives Notice
Support Our Sponsors: For Accredited Investors Only. Syndicator of multifamily investments, Ashcroft Capital. Co-founder, Joe Fairless, BiggerPockets podcast guest episode #227. InvestwithAshcroft.com FORUMS BP BLOG PODCAST December 2, 2018 Newsletter LATEST POSTS...
I am a real estate broker and a real estate attorney. I help buyers, sellers, and other brokers throughout Washington. Call me at 425-774-6611 when your purchase or sale involves legal issues. I can often quote a flat fee payable at closing.
What Buyers Should Ask After a Home Inspection October 9, 2018 After an inspector has finished a home report, buyers may feel overwhelmed by any flaws that might have been found. That’s why it’s important they take the opportunity to learn more so that they can move...
The Dodd Frank Act imposed regulations on seller financing. If the buyer will live in the property, there are restrictions which apply. If the buyer will not live in the property, the restrictions do not apply. The restrictions are complex. Consult an attorney.
29 Door Knocking Resources for Successful Lead Generation Posted by REDX January is the perfect time to door knock. Most people wait until the holidays are over to list their home, and more homes are listed in January than any other month. This presents a once-a-year...
Radio – 9-16-2018 8 PM Eliminating Traffic Congestion 9 PM Buying Real Estate in Partnership – James Robert Deal – Attorney Broker
JR-DEAL-NEWZ-9-16-2018 WASHINGTON POLITICS JAMES ROBERT DEAL, BROKER, ATTORNEY, ENVIRONMENTALIST, AMATEUR MUSICIAN Radio Program – Sunday, September 16, 2018 www.JamesRobertDeal.org/Radio 8:00 PM Politics: How to eliminate traffic congestion and take half the cars off...
Choosing Your Domain in the Age of Dot ANYTHING Written by Saul Klein Posted On Friday, 14 September 2018 13:00 · https://realtytimes.com/real-industry-news-articles/item/1019999-choosing-your-domain-in-the-age-of-dot-anything As the Internet continues to...
5 Mistakes Home Sellers Make Written by David Reed Posted On Friday, 14 September 2018 21:56 https://realtytimes.com/consumeradvice/sellersadvice/item/1020039-5-mistakes-home-sellers-make?rtmpage= There’s no shortage of advice for home buyers. Getting approved for a...
If you do not have enough income to qualify to buy a home, join together with several others. But a larger home, big enough for several families. With multiple incomes you can qualify. If you want privacy you can jointly buy a tri-plex or a four-plex. These can be bought with an FHA loan with only 3.5% down.
CITY COUNCIL DENIES APPEALS OF CELL TOWER INSTALLATION Sam Catanzaro , Santa Monica Mirror, August 31, 2018 Wireless carrier Sprint wants to install a mini cell tower on this street lamp on 18th street. Photo: Sam Catanzaro. Residents protest installation of...
15605 Cascadian Way Bothell Washington. $430,000. 3 bedrooms, 2 bathrooms. Buy on FHA Rehab Loan. Hold long term. Eventually sewers may be extended 400 feet, and then two homes, two duplexes or five townhouses can be built. James Robert Deal, Attorney and Broker, 425-774-6611.
Survey by the National Institute for Science, Law & Public Policy Indicates Cell Towers and Antennas Negatively Impact Interest in Real Estate Properties 94% of respondents said a nearby cell tower or group of antennas would negatively impact interest in a...
Reciprocal Usage Easements? What is the Purpose? Many buildings that were constructed prior to the 1960s lacked adequate parking, and/or even on-site common usage with for ingress/egress of automobiles. In property law, ingress/egress referred to rights of a person to...
Shortening the Limitations Period on Credit Card Collection Lawsuits Jon Sheldon August 6, 2018 Print/Download Email link to this article CONTENTS · Which Statute of Limitations in a State Applies to Credit Card Collection Lawsuits · Which State’s Statute of...
The Downsides Of Selling A “Smart Tech” House Posted on August 4, 2018Natural Living · · · · · · · Like By Catherine J. Frompovich Listen to Article Will your “smart home” become a true headache and liability when you...
Student Loan Repayment Rights: Consumer Debt Advice from NCLC Joanna Darcus August 2, 2018 Print/Download Email link to this article CONTENTS · First Identify What Kind of Loan You Have · Rights to Cancel Your Federal Student Loan · How to Reduce...
Just a few years ago, experts indicated Americans (especially young Americans) were more interested in a different lifestyle than previous generations. Instead of owning a house in the suburbs, the new American dream consisted of renting an apartment in the city....
Selling Your Home Solo to Save Money? You’ll Actually Make Less Than You Think Posted in Economist Commentaries, by Amanda Riggs on July 9, 2018 385 Some homeowners opt to sell their residence without a real estate agent to get around paying a commission and make more...
RENEW FLOOD INSURANCE BUT QUIT SELLING NEW COVERAGE AND QUIT BUILDING NEW HOMES IN FLOOD ZONES SEA LEVELS ARE RISING Can't read or see images? View this email in a browser Have you taken action yet? Time is Running Out Dear Emelyn, The National Flood Insurance Program...
Climate Change Will Force the Poor From Their Homes Low-Lying towns and Homes in Washington will be affected too Alamy This story originally appeared on CityLab and is part of the Climate Desk collaboration. It’s no surprise that a list of places most at risk from...
18809 65th Place West Lynnwood WA 98036. This house has “good bones.” It needs fixup, cleanup, and your love.
As both a real estate attorney and a real estate broker, I co-broker with other brokers, helping them to take more listings and service them better. This provides better service for sellers.
Call a real estate attorney BEFORE you buy or sell property. Call Attorney James Robert Deal at 425-774-6611. In many cases I offer a flat fee, payable at closing out of escrow.
What is your Washington home worth? Click here to find out.
JRDeal NewZ JAMES ROBERT DEAL Political Activist - Real Estate Attorney - Real Estate Broker 425-774-6611 December 3, 2017 Read Online at: https://www.washingtonattorneybroker.com/jrdeal-newz-12-3-2017 DR. THOMPSON OF THE CDC ADMITS TRASHING DATA IN 2004, REVERSING...
Home prices in Seattle have doubled over the past five years.
Questions to ask before you buy a home.
Prince died without a will. Do not make the same mistake.
Private corporations such as Loan Star and Caliber bought thousands of mortgages. The government pays them to modify mortgages, but they are quick to foreclose. They invest in high value instead of low value homes. They should be required to serve the interest of the local neighborhood as are banks. They should be regulated as banks.
There are seller financing restrictions when the buyer is going to live in the property.. No cash out less than five years. The rate must be fixed for the first five years.
Chain of Title How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud Purchase hardcover — $27.95 Available: April 2016 Hardcover 6 1/8 x 9 1/4 , 400 pages ISBN: 978-1-62097-158-1 Also available as an e-book David Dayen David Dayen is a...
You should be represented by an attorney when you are modifying your mortgage. Servicers break the rules.
Most of our clients are people who tried to modify their loans on their own and failed. Mortgage modifications are tricky. There are procedures which must be followed. When you do something wrong, the servicer does not tell you what you are doing wrong. The servicer...
James Robert Deal, Attorney and Broker, assists for-sale-by-owner buyers and sellers. Call 425-774-6611 or 888-999-2022.
CFPB may allow consumers to sue banks and file class action cases. Banks will not be able to hide behind mandatory arbitration.
I am a real estate attorney serving Bothell, Washington. Contact me at 425-771-1110 or 888-999-2022.
James Robert Deal is both a real estate agent and a real estate attorney practicing in Lynnwood Washington. If He is your broker, he does not charge extra for legal work related to your transaction.
What To Serve A Goddess When She Comes For Dinner Welcome To My Book I highly recommend it. I had a lot of fun writing it. My book has 464 page book. It is 8.5″ x 11″ in size. It weighs three pounds. It is a beautiful book. It comes autographed. I can autograph it...
If you are a would-be buyer who has a good down payment and good income but poor credit, I am willing to help you buy property on a lease-option or contract basis. James Robert Deal, attorney and broker. 425-771-1110
Seeking Lease-Option and Seller Contract Sellers Open Phone Line to Brokers, Buyers, Sellers 425-774-6611 - 888-999-2022 I am working with several buyers who have strong income and good down payments but who have bad credit and cannot get financing. These buyers...