Dentist's Money Digest | Practice Transitions

The sale of your dental practice is not a process you should enter lightly. After all, you’ve been working your entire career, building up to this moment. It’s important that you have your bases covered during the transaction. That’s why working with a strong dental transition team is so critical.

So, you’re thinking of going into business for yourself? We get it, the appeal of owning your own practice and being your own boss is strong. But before you begin shopping around, there are some important things you need to know. Here are 9 tips that will help ensure your practice acquisition goes smoothly.

Maybe you’re a dentist who has finally decided to go into private practice. In terms of where you want your practice to be located, you’ve settled on a city or town, but not the property. According to Brandy Keck, a Brockerage Liaison at Carr Healthcare Realty, now is the right time to get a practice real estate broker involved. Do not go it alone when faced with the stresses of negotiating a lease or purchase.

Brandy Keck is a Brockerage Liaison at Carr Healthcare Realty. In this clip, Keck discusses what market factors a dentist needs to understand before purchasing practice real estate. Often, Keck says, her company will recommend that dentists work with a demographics firm to understand the demand for dentistry in their respective markets. Other important factors include proximity to other types of dentists, as well as population-to-dentists ratio.

Brandy Keck, Brokerage Liaison at Carr Healthcare Realty, discusses what dentists need to consider when analyzing the current real estate market.

There's a real opportunity to own a tangible asset that, from an investment standpoint, could increase and build wealth, says JP Blevins, healthcare lending general manager at Live Oak Bank.

How to navigate the world of real estate and avoid paying thousands of dollars you don't have to.

Real estate trends could have a major impact on the long-term growth of your practice. When signing a new lease, follow these tips to ensure you're well-positioned, geographically and financially.