Purchasing and Selling Commercial Real Estate Resource Kit

Summary

This resource kit provides guidance on purchasing and selling commercial real estate. The documents required vary depending on the nature and location of the real property; however, the work flow of most commercial purchase and sale transactions is as follows: (1) a brokerage agreement is executed between the real estate broker and the seller, (2) a letter of intent is negotiated and executed by the buyer and seller, (3) a purchase and sale agreement is negotiated and executed by the buyer and seller, (4) the buyer conducts its due diligence review, and (5) the closing documents are prepared and executed at the closing. The process map below depicts the steps involved in a commercial purchase and sale transaction.