Harrell, Stoebner & Russell, P.C.
cta contact
Offices Located In Temple And Killeen
Call To Schedule A Consultation: 254-935-3036

Tips for closing on a commercial property purchase

Buying commercial property is a big decision on many fronts. For example, if you're buying a building for your company, you must make sure you get a fair price and that it's big enough to accommodate all your needs.

After you sign a contract to purchase a commercial property, there are a few tips you need to follow:

  • Work closely with your real estate agent: This person can answer your questions, tell you what comes next and help you avoid common mistakes that have plagued others before you.
  • Get serious about the inspection: If you forgo a property inspection, you could purchase a property that brings more stress than enjoyment to your life. With an inspection report in hand, it's much easier to understand the condition of the property and how to negotiate with the seller.
  • Nail down financing: If you have enough money to buy the property with cash, it can definitely save you some hassles. However, since this isn't the case for most people, you need to find a lender.
  • Get all your documentation in order: Before your closing day arrives, make sure you have all the required documentation. This can include but is not limited to loan documents, photo ID, home inspection report and a copy of the contract.

Even though there are many steps associated with buying commercial property, it's nothing you can't handle if you know what to expect and implement a plan you're comfortable with.

If you run into any problems along the way, such as a concern with the title, learn more about your legal rights before closing on the property. This will help prevent a purchase you may regret in the future.

No Comments

Leave a comment
Comment Information
Email Us For a Response

Contact Harrell, Stoebner & Russell, P.C. To Discuss Your Legal Issue

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Harrell, Stoebner & Russell, P.C. Attorneys at Law

Temple Office
2106 Bird Creek Drive
Temple, TX 76502

Phone: 254-935-3036
Fax: 254-771-2082
Temple Law Office Map

Killeen Office
2210 E. Central Texas Expy.
Suite 102
Killeen, Texas 76543

Phone: 254-432-7058
Killeen Law Office Map

Representation For Clients Throughout Central Texas