How To Write An Offer
All,
I'd like to submit an offer on a 30 unit property, and i'd like it to be taken seriously. Would anyone be willing to give me information on how to write up a proper offer? I know what numbers work; however, it's the format of the letter that concerns me. Any help would be greatly appreciated.
Thank you,
D.
Youo need to check so much before you actually buy, such as financial statements, rents, you need to get estoppel sertificates from the tennants, etc. Your proper offer should have a bunch of contingencies, time for response, in short - it will save you time and money if you just buy a good form and fill it in.
I would recommend you to buy on TRUEFORMS or PROFPUB. These are 2 websites for the same publishing company. Best I've ever seen.
Choose one for your state for purchase of commercial property. Or just call them and ask.
Hey,
I would think if you were going to invest in such a large piece of RE, and apparently you are unsure of how to progress, it would make a lot of sense to have a lawyer draft an offer.
The last thing you want is to use a generic form.
You did not say if the property is listed.
You could find a buyer's broker and use the forms that are in common use locally.
I guess I am confused a bit. Have you bought property before? Buying a 30 unit building is pretty complicated as the offer is normally contingent on verification of a lot of information. If you know how to do the numbers does that imply you are experienced with REI and just are unsure of offers for a commercial structure?
John
[addsig]
Thank you all for the reply. I'm not ready to take that step. I really wanted to take the process as far as possible to get the experience, though.
Marc