Contract Timeline To Close: 60-120 Days
Due Diligence Items To Complete: Survey, Asbestos Test (If there is existing structure), Soils Test, and possibly an Environmental Phase 1 Study.
Notes: Certain municipalities and zoning departments move much faster and slower than others so depending on which municipality your property is in will be a big factor on the contract timeline.
Contract Timeline To Close: 7-45 Days
Due Diligence Items To Complete: Sewer Scope and possibly an Asbestos Test
Notes: We can rent the property back for a period of time at 1% of the cost of our purchase price per month.
Contract Timeline To Close: 60-120 Days
Due Diligence Items To Complete: Formal inspections of electrical, mechanical, and plumbing. Sewer Scope, Asbestos Test, and possibly an Environmental Phase 1 Study.
Notes: If the commercial property is a multi-family residence, then we will require access to every unit. Please allow 48-hour access with your property manager for completion of inspections.
None at all. We are not real estate brokers and we do not charge a commission. The only expense for a Seller is a title insurance premium and the cost of their property taxes until the day of closing. Some Sellers incur costs of attorneys or real estate brokers in order to review the contract and we always encourage a Seller to do so if that makes you more comfortable.
Yes. There are several ways that we can work together and partner with you, if there is significant equity in your property than we would be open to looking at this option. This option works best if you own the property free and clear and are willing to be a limited partner.
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