You finally sold your commercial property, which is exciting. You received an amazing offer, and all you need to do is complete the closing to make the property exchange hands and walk away much wealthier.
As a seller, there are a few things that you should bring with you to the closing. Your attorney will tell you everything that you need, but some items you’ll want to bring include:
- The seller’s copy of the purchase agreement
- Proof of satisfaction of any liens that were on the property
- Invoices for unpaid taxes, utilities or other assessments that the buyer should know about
- Your photo ID
- Receipts for the most recent interest payments
- A bill of sale
Your attorney should also be present at the real estate closing because they will be able to help you make sure the closing goes smoothly. Your attorney will review the transaction and be sure that all of your documents are in order.
Having your attorney present is also a good idea if the other party backs out, can’t get financed or violates the terms of your agreement unexpectedly. They will be able to provide you with more information on the steps you can or should take next to help with the transaction.
Our website has more information on commercial real estate and why having your attorney there to help you throughout the sale of your property is such a good idea. With so many issues that could crop up, knowing that you have someone on your side to help can give you peace of mind and the support that you need throughout the process.