Selling a commercial property is not the same as selling a residential one. A seller side closing in Bailey’s Crossroads can be beneficial for both buyers and sellers. Commercial transactions are handled differently than residential. The seller side closing procedure ensures that deadlines are met, all parties have enough time to review details of the transaction, and everyone is aware of the responsibilities they are taking on.
The seller side closing allows for your business to continue operating during the actual closing of property. This means any seller responsibilities are completed before the seller signs over the deed and this allows them to sign documents at their leisure, not someone else’s. For example, utilities can be turned off or adjusted with enough time for new service to be connected. This is important when dealing with industrial properties that use large amounts of electricity, fuel, or water. Other seller responsibilities can include having all required approvals in place before closing day.
Representation for Residential Transactions
If you are selling a home, Cobalt Settlements has your back. We can represent you and act as a third party as you sell your property. There are many procedures and restrictions in real estate law and, as a property owner, you may not have time to handle.
Representation for Commercial Transactions
If you are selling a commercial property, Cobalt Settlements has your back. We can represent you and act as a third party as you sell your property. There are many procedures and restrictions in real estate law and, as a property owner, you may not have time to handle.
Cobalt Settlements can help you accomplish seller responsibilities and abide by seller side closing rules. We guide clients through the process to ensure nothing is missed along they way.