When we decide to work together, I get hands-on right away. By the time your property sells, I will have created a binder on it with a depth of detail that would make Google blush.
First we’ll sit down and talk through your motivations. What are you looking to achieve? What are your must-have’s and deal-breakers? Are you considering a 1031 Exchange?
We’ll look at your property with fresh eyes. The fresh eyes of a buyer. What do we see as we walk up? As we come inside? What have you, as the owner, stopped seeing years ago that will jump out at a buyer’s fresh eyes?
Together we’ll decide what items are worth improving to maximize the sale value. This list could be short or long. It depends both on the condition of your property and how motivated you are to reap the highest possible sale price.
We will review your leases and the property financials.
I will find a buyer or a broker with a buyer. Then I’ll spring into action, coordinating with their broker to satisfy due diligence. This is a list of what I help my Buyers obtain as part of due diligence:
- Contracts: Operational, Maintenance & Management
- Building Operations and Maintenance Manual
- Tax History
- Architectural Plans
- Final Plat
- Landscape Plan
- List of Inclusions
- Operating Statements (last 5 years)
- Rent Roll
- Current Lease(s)
- Tenant Improvement Work to be completed
- Insurance Policies
- Drainage Report
- Subsurface Inspection
- Phase I & II and/or other Environmental Reports
- ADA Reports
- Certificate of Occupancy
- City of Loveland Property Report
- Enterprise Zone Map
- Parking Lot Maintenance and Snow Removal Information
As the seller it is your responsibility to provide these documents, however, I will help you collate the information and provide advice.
After months of discussion and disclosure, we’ll finally be ready to close.
At the closing table, your attorney and the Closer for the Title company will guide you through the reams of contracts, disclosures, and minutia. You just need to keep your hand from cramping.
After months of collating details and documents, I’ll know as much about your building than you did – maybe more.
With the sale complete, is it time to go buy something else?
With a 1031 Exchange we have a 45 day time limit to complete the new purchase. If we planned on this from the beginning, we’ll have been looking at properties and have identified some options already.
As a buyer, that Google-esque binder is yours and I’ll deliver it to you physically and/or digitally.
Befuddled by something a few years down the road? Call me and ask. If I don’t remember off-hand, I’ll help you find it.
Are we a good fit?
- You have a well maintained property
- You have realistic price expectations
- You are selling Improved Property: Industrial, Buildings, Special Use, Office Space
- Run-down property
- Undeveloped Land
Of course, these are just guidelines. Let’s chat before ruling anything out.