Our Buying Process
Atlanta Commercial Real Estate For Sale
Purchasing commercial real estate could be the best decision a company makes. Calvo Clancy will help you determine your requirements and analyze if a purchase would make great sense for your company. We’ll help you with the following:
Determine Your Needs – We will assist you in finding the ideal space/property
Provide You a List of Options – We research and compare available properties amenity and selling prices, as well as research lease rates of comparable properties. We work with you and your financial professional to give you a preliminary estimate of your potential ownership payments and conduct a lease vs. purchase analysis to determine which option is right for you.
Choose a Support Team – Now is a good time to start consulting with your mortgage broker, attorney, CPA or financial advisor, and possibly an architect and/or space planner, and interior designer. If you don’t have a current relationship with one of the mentioned, Calvo Clancy can help connect you.
Tour and Evaluate Properties – We tour the most desirable properties with you to evaluate the physical, operational, location and preliminary economic attributes against your criteria. Given the results of the property tour, decisions can now be made on how favorably each building compares to your ideal criteria and a final list of 2-3 alternatives can be chosen.
Analyze Alternatives – After conducting a complete analysis, we can provide you with all your options and weigh each of the benefits and advantages it offers.
Negotiation and Final Selection – Together we will identify and select the best property based on the objective and subjective criteria we set and prepare and present a sales contract or letter of intent. Counter offers may go back and forth until we feel the sellers have proposed their best, competitive offer, which at that time the contract can be executed and earnest money can be given to the closing attorney handling the transaction.
Due Diligence Period – We work closely with you to ensure that you have time to conduct physical and environmental inspections of the property, verification of zoning or applications for approval of use, and negotiate repairs as needed. This is also a good time to request pricing estimates from contractors and other service providers for potential space improvements, as well as submit the contract and relevant financial information to your lender.
Settlement – If inspections meet your approval we may proceed with the sale, setting a closing date and time, review closing statements, finalizing the mortgage application, and purchase title insurance.