Increase in Buyers Ready and Willing to Buy
Conversations today with Bank of America and Live Oak Bank confirm that there is a substantial increase in buyer demand for practices, however there are less practices being listed for sale. Industry experts concur that much of the supply and demand issue in 2009 is a result of practice owners retaining ownership longer as a result of the impact of the economy on their retirement portfolios and real estate investments. It is expected to continue through the 4th quarter of 2009.