Commerical lot contingencies

[Sandy Reddy]

Hi,

I am looking to put a offer on a commercial zoned lot priced around 400K in Texas. I am planning to build some townhomes. I have a realtor but he is more into residential. I would need some advice on the following.

1. What kind of option period do i need to request to change the zoning into residential multifamily/townhomes.

2. What are other contingencies that i need to consider.

Regards,

Sandy

[Christos Dimopoulos]

@Sandy Reddy You will want a due diligence period of around 90-180 days. My recommendation is that you get actual professional representation with a commercial real estate agent - not a residential agent. Where in Texas is the property?