Sales
Commercial Real Estate Sales
The sales process in commercial real estate is a complex and multifaceted journey that involves several stages, each demanding careful planning, negotiation, and coordination. Whether you are a buyer or seller, understanding this process is important for a successful transaction.
Our Process
We strive to provide every customer with the best, most efficient service possible. Here’s an overview of the typical sales process at CORE Real Estate:
- Seller or buyer identifies a need or opportunity in the commercial real estate market.
- Sellers may decide to list their property, while buyers may want to find the right investment opportunity.
- Both buyers and sellers conduct extensive market research to understand property values, market trends, and potential opportunities.
- This research helps in setting realistic expectations and pricing strategies.
- Sellers typically hire appraisers to determine the current market value of the property.
- Buyers evaluate the property’s income potential and consider the future return on investment.
- Sellers engage CORE Real Estate to list their property.
- The property is marketed through various channels, such as online listings, broker networks, and marketing materials.
- Potential buyers request property showings and tours to assess the condition and suitability of the property.
- CORE Real Estate facilitate these visits.
- Buyers submit offers outlining the price, terms, and conditions.
- Sellers may counteroffer, and negotiations continue until both parties reach an agreement.
- After an offer is accepted, the buyer conducts thorough due diligence, including inspections, financial analysis, and legal reviews.
- The due diligence period is usually defined in the purchase agreement.
- Buyers secure financing if required, which may involve working with lenders, underwriting, and providing the necessary financial documents.
- Buyers must remove any contingencies specified in the purchase agreement, such as inspection contingencies or financing contingencies.
- The final purchase agreement is signed by both parties, and the closing date is scheduled.
- Closing involves the exchange of funds, title transfer, and legal documentation.
- After closing, the property officially changes ownership, and the buyer takes possession.
- Sellers receive the agreed-upon payment, and any necessary post-closing obligations are addressed.
View Listings at KCREA
The most complete resource for Commercial Real Estate in Kentucky!
