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Selling Commercial Real Estate Lawyers

At De Krupe Law, we understand the complexities and nuances of commercial property transactions, including when it comes to selling. When you choose us, one of our expert selling commercial real estate lawyers will be providing you with valuable insights that will help you navigate this process smoothly. We’ll make sure to find you an attorney who has experience in dealing with your type of business. Whether you’re a buyer or seller, our comprehensive guidance will equip you with the knowledge you need to make informed decisions throughout the transaction.

Steps Involved In Selling Commercial Real Estate Properties

Selling a commercial property can be a complex process, especially if you’re not familiar with the legal requirements and regulations that govern such transactions. Here are some important factors to consider when selling a commercial property.

Closing the Sale

Closing the sale involves finalizing all necessary paperwork and legal documentation, including the transfer of ownership of the property from the seller to the buyer. This is another area where our legal experts ensure that the transaction proceeds smoothly and all necessary legal requirements are met.

We make sure that all security interests are paid and close such as mortgages, liens or anything else.

De Krupe Law experts perform the commercial transactions regardless of their complexity, from joint ventures to routine commercial purchase.

Negotiating the Sale

Once you’ve found a potential buyer, negotiating the sale will involve agreeing on the price, terms and conditions of the sale, and any other relevant details. This is another area where the expertise of a real estate lawyer can be particularly useful, as they’ll be able to negotiate on your behalf and ensure that you get the best possible deal. Furthermore, your selling commercial real estate lawyer will review the documents, such as:

Property transfer papers;
Tenancy agreements;
The bill of sale;
Title searches and insurance check;
Lease assignment (if required);
Assignment of service contracts (if required);
Completed agreement of sale and purchase (only after other documents were gathered and reviewed).

Understanding the Market Value of the Property

Before you start the selling process, it’s important to understand the market value of the property you’re selling. This will help you determine an appropriate asking price and ensure that you’re not undervaluing or overvaluing the property. For that reason we always advise you to retain the services of a qualified appraiser.

Preparing the Property for Sale

Preparing the property for sale involves ensuring that the property is in good condition, with all necessary repairs and maintenance completed. You’ll also need to ensure that the property is presented in the best possible light to potential buyers, with attractive landscaping, curb appeal, and interior design.

Benefits of Hiring a Commercial Real Estate Lawyer for Selling Property

When the arrangements are particularly complicated, it is crucial to have a trusted legal advisor by your side. Here are some benefits of hiring De Krupe Law commercial real estate lawyer:

Legal representation throughout the sale;
Assistance with the listing phase, including negotiation of terms and conditions;
Preparation of closing documents;
Thorough review of the purchase and sale agreement before you sign it, to minimize your risk as the seller;
Delivery of important documents, such as the deed, to the buyer or their lawyer.

At De Krupe Law, we pride ourselves on being reliable and trusted advisors to our clients. With our extensive experience in commercial real estate law, we can provide you with the support and guidance you need to ensure a successful sale.

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How We Can Help

Selling a commercial property can be a complex and challenging process, but with the right guidance and expertise, it can also be a rewarding one. At De Krupe Law, we specialize in providing comprehensive support and guidance to both buyers and sellers of commercial properties. Whether you’re looking to sell a property or purchase one, we’re here to help you navigate the process smoothly and ensure that you achieve your goals. Book your free appointment today!