i wanted to know what the sellers terms would be on a land contract

i am looking for bussiness property in harrietta to open gas station/ resturant
In Buying Property - Asked by thomas w. - Dec 7, 2008
Report Abuse
Answer this Question

Answer(s)

Frank E.
Broker/Agent
Studio City, CA

The specific terms requested by the Seller will usually reflect their level of motivation. In virtually every infill land transaction, however, there are several common aspects; most importantly the need for a relatively substantial due diligence period by the buyer to establish the feasibility of the desired entitlement. In deals involving riskier and/or more complex entitlements the requested due diligence period will be longer. Sellers unwilling or unable to allow reasonable due diligence timeframes (or closings that coincide with entilements) will oftentimes find that they are unable to get the price they had wanted.

Dec 8, 2008
Report Abuse
Chris S.
Broker/Agent
Coeur D'alene, ID

It all depends, primarily on the seller's motivation. Often you will see the seller more willing to carry a favorable contract on the property if they feel the price is good or if they need to get out of the property anyway they can.

Jan 5, 2009
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question