What is a reasonable/typical non-refundable fee for a feasibility period on commercial land?

In Selling Property - Asked by Jack J. - Jun 23, 2014
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Answer(s)

Tasha B.
Broker/Agent
Houston, TX

$100-500

Jun 23, 2014
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ken o.
Owner/Investor
Houston, TX

Land for residual development

Jun 24, 2014
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ken o.
Owner/Investor
Houston, TX

5% of sells price

Jun 24, 2014
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ken o.
Owner/Investor
Houston, TX

5% of purchase price

Jun 24, 2014
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ken o.
Owner/Investor
Houston, TX

$100000

Jun 24, 2014
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Sandra Mumme M.
Broker/Agent
San Antonio, TX

There is no set amount. It's all negotiable.

Jun 24, 2014
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Ed B.
Broker/Agent
Fernandina Beach, FL

It depends on the buyer, seller and land. Normally, if you have a qualified buyer, making a sincere effort to determine the use potential of a site, I would not expect an added non-refundable fee. If the time period is unusually long, I would charge....and I might stipulate copies of engineering or set time periods for a feasibility to begin.
So....it all depends on the circumstance.

Jul 3, 2014
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