Your attorney can prepare a Letter of Intent to Purchase "LOI" for our firm to present to the other party. After any negotiation and finalizing of the "LOI" your attorney can proceed to the formal "Purchase and Sale Agreement" for review and signature by the other party. Then the due diligence period begins.
An alternative to this process is for us to use the Florida Bar Approved Real Estate Listing Contract or a Letter of Intent then an attorney prepared purchase contract. The Florida Bar contract is already pre-printed and the broker usually just fills in the seller information, date of the contract and the listing price. Florida has available a “Property Disclosure Form” that is not mandatory - but we would encourage Sellers to complete the form. Going forward the Disclosure answers many buyers questions - and also minimizes the chance of the seller unintentionally misinforming the buyer.
Selling property in St Johns County and Florida can be at times a somewhat complex process. There are county and business district regulations to be concerned with; as well as zoning and site plan requirements.
The sale of commercial real estate is much more business-like in 2024 and not so much like the "wild west" of Florida's yesteryear. Buyers tend to be much more sophisticated in the purchase process. They are interested in what the property details and the pricing, therefore a good broker will have reviewed the comps and historical sales data Call us to go thru the steps in the selling process.
Need more information? Call St Aug Commercial Properties today at (904) 578-5596 as our phone lines are live 24/7.
