Updated over 5 years ago on . Most recent reply
Commercial Purchase of Motel
I'm looking to purchase a motel. The seller wants 2.5% of the sales price for the earnest money deposit with a 30 day contingency period and a 45 day close. It would include seller financing. Does this sound reasonable? And, If I'm out of state do I need a lawyer in that state? And, if I do, does anyone have a recommendation? Any advice is greatly appreciated!