Commercial Property Sales Package - Tennessee: Fill out & sign online

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Click ‘Get Form’ to open the Commercial Property Sales Package in the editor.
Begin with the 'Contract for the Sale and Purchase of a Commercial Lot or Land'. Fill in details such as property condition, earnest money, and utilities. Ensure all fields are completed accurately.
Next, proceed to the 'Option for the Sale and Purchase of a Commercial Building'. This section allows you to specify terms for an exclusive purchase option. Review carefully before signing.
Continue with any necessary addendums, such as the 'Environmental Assessment' or 'Continued Marketing Addendum'. These forms require specific information regarding environmental assessments and marketing contingencies.
Finally, complete any financial agreements like the 'Fixed Rate Promissory Note'. Ensure that all financial terms are clear and agreed upon by both parties.

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How much do commercial real estate agents make in Tennessee?

$74,000 is the 25th percentile. Salaries below this are outliers. $108,900 is the 75th percentile.

What are the average closing costs for commercial property?

On average, you can expect closing costs to be about 3% to 5% of the total property value for commercial real estate. The exact amount will depend on factors like the state where the property is located, any concessions made by the seller, repairs needed, and the specific fees weve discussed.

How do you price a commercial property for sale?

How to Value Commercial Real Estate: 4 Methods Property Value = Replacement Cost Depreciation + Land Value. Property Value = Net Operating Income / Capitalization Rate. Gross Rent Multiplier = Sales Price / Annual Gross Rents.

How do I find out how much a commercial property sold for?

Property history public records can be found online through locally-based property assessor and appraisal sites, as well as on other more broad, government entity-run websites for cities or entire states.