I've gotten a few deals under LOI the last 6 months and moved into due diligence. What I've found is that some sellers are incredibly slow/bad about providing any of the due diligence documents and answering questions. I typically start off by giving them an easy list of documents needed, and they take weeks to get anything back to me. I call and write to check in every 2-3 days and get very little.
On one deal now, I am 1-month in due dil and have barely gotten anything.
How common of an experience is this among searchers? I am wondering if I'm doing anything wrong; and why they might be so slow to provide anything.
Sellers not providing anything
by a searcher from University of South Carolina - Darla Moore School of Business
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