Buying Process

Before you start the process of buying, it is important to prepare yourself as much as possible. Whether it is in the forefront or the back of your mind, I know that that nagging question does exist, “Is Innkeeping right for me?” Where do you go for answers?

You have already done it. You clicked on www.maineinnbroker.com!
Stay at Inns – It is the best way to understand the feeling of how other Innkeepers run their properties. You will come away with a list of what to do and what not to do.
Read books on Innkeeping – I will be happy to make suggestions as to which ones I have found to be the best.
Take an aspiring Innkeeper's class – The money you spend on a class will be well spent in deciding: Is Innkeeping right for me, or not.?
See www.innyourdreams.com

MY 10 STEP PROCESS FOR A SUCCESSFUL PURCHASE

The 1st Step: The Honest Approach –
· Be honest as to what you can afford. If you’re not sure about how much your money will buy, let's talk it over in depth.
· Be prepared to relay that honest amount to your Buyer’s Broker (Me).

Step 2: Fill out the Buyer Information Form on this website and let’s get acquainted.

Step 3: I’ll tell you all about Buyer-Client relationships.

Step 4: Explaining Buyer's Brokerage and FAQ's

WE'VE NOW PASSED THE "NITTY GRITTY", WE'RE ON TO THE FUN PART...

Step 5: From your Buyer Informational Form and through discussion, I will begin to get an idea of the types of properties that most interest you. You will have looked at numerous websites with property listings and through discussion we will start to narrow down your choices. If you are not quite ready to make the trip to Maine – that’s fine too – at least through our discussions you’ll have an idea of what’s out there.

Step 6: If you’re ready to start looking – and it is never too soon – I will arrange for you to see any property that you feel will meet your needs. Sometimes you may feel that I am stretching the possibilities, but it is always good to have a broad spectrum of what’s available. You might be surprised. The property or area that you thought would never meet your needs – may turn out to be just the right one. ( I suggest that you do not stay at the properties that you are visiting. By not staying, you will get a clear open minded prospective of the property. When you’re not a guest, it is much easier for you to picture yourself as the Innkeeper. When you open the door, you’ll imagine that this could be yours – or not! In addition, staying at another Inn gives you a clear unbiased opinion of the area from a non-selling Innkeeper.
The initial visit should be just that – an initial overview.

Step 7: Your many choices will be narrowed down and through my help, you will begin the journey of discovery of the important properties you have selected. You will gather income, expenses, occupancies, etc., all the information necessary to start to put together a business plan.

Step 8: One property will begin to emerge. Yes, you may have to compromise. You’ll find that that the inn of your dreams does not totally exist; but this one is coming pretty close.

Step 9: You’re ready to buy. You will make an offer. There will be an acceptance (and a little back and forth discussion between the offer and acceptance), then bank visits, inspections, appraisals, bank commitment and final purchase

Step 10: Closing – Yes, it can happen that easily. I am not saying that there won’t be some anxious moments from start to finish, but I will try to keep it as simple as possible. When the sale is completed, I am only an email or phone call away as questions arise.

At The Swan Agency Sotheby’s International Realty, there is a reason that we are considered “Maine’s Premier Statewide Inn/B&B Specialists”.

10 Step Buying Process