Office Space Finder Buying process.

1.Define basic requirements:

	Size and layout
	Expansion requirements
	Down payment available
	Mortgage terms desired
	Image and quality
	Geographical area
	Intangibles
	Client goals and assumptions

7 to 14 days

2. Preliminary Analysis:

	Preliminary market survey
	Sales comparables report
	Estimated mortgage calculations
	Proforma cash flow analysis
	Estimated lease vs. buy analysis

7 to 14 days

3. Selection / strategy with support team:

3 to 14 days

4. Determine alternatives available:

	General market knowledge of "deals" available
	Search of database / Commercial MLS
	Verification of terms and conditions
	Present list

7 to 90 days

5. Narrow down alternatives:

	Inspection tours of likely alternatives
	Selection of 3 - 5 best alternatives
	Preliminary space planning of best alternatives
	Selection of top alternatives

7 to 14 days

6. Analysis of alternatives:

	Financial analysis
	Layout efficiencies
	Intangibles and goal analysis

1 to 7 days

7. Final selection:

	Choose top alternative
	Establish terms required
	Prepare and present Purchase and Sale Agreement
	Counter offer as necessary

7 to 90+ days

8. Contingency Period:

	Review and note time requirements
	Hire appropriate services
	Do detailed inspections
	Finalize financing
	Make appropriate applications
	Remove contingencies in a timely fashion

15 to 90 days

9. Closing:

Escrow Checklist

1 to 7 days

10. Tenant improvement or Renovation:

0 to 90 days

Total Time Required

55 to 430+ days

Realistic Time Frame

120 to 180 days

The Information Source For Users of Office Space

Leasing | Buying | Tools | Links