have 1/2 acre commercial lot with 2 buildings. already have buyer. what are my next steps?

In Selling Property - Asked by Marilyn B. - Sep 2, 2016
Report Abuse
Answer this Question


Beverly R.
Pacific Grove, CA

The next step is to insure that your buyer can perform by checking their credit or if a cash buyer getting a statement from their banker verifying funds and availability. I recommend that you employ the help of an agent to draw up your contract, terms and conditions of the sale, and provide legally mandated disclosures to the buyer. Your agent will also work with a title company to do a search on your property to make sure their are no liens or hindrances to conveying title. Without knowledge of the real estate industry it is unwise to be a DIY seller. Mistakes can be very costly and there are many scammers.

Sep 6, 2016
Report Abuse
Shawn P.
Los Angeles, CA

If you'd like to speak w a Senior Vice President w KW Commercial? Feel free to call my cell phone and I'm happy to go over any questions and make sure you're on the right path. We also have agents in your back yard which would be happy to help you, should it make sense after our conversation & per your request.
Thank you!

Sep 6, 2016
Report Abuse
Javier D.
Scottsdale, AZ

If you are not an agent, will be good to have agent representation to support you with the transaction. If you do not have/ want an agent work on creating a purchase contract, open escrow and allow the buyer to go through the due diligence process.

Sep 8, 2016
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