How to Include "feasibility period" or "due diligence period" in offer on land

Land & New Construction
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How to Include "feasibility period" or "due diligence period" in offer on land

William Coet
Lititz, PA · Member since 2013 · 595 posts · 272 votes
Hello,
I plan to make an offer on land but want time to research the chances of attracting a solar company.  
The listing brokers standard offer does not include a feasibility or due diligence period.

Questions
1. How can I include it in the offer?  Should I add it as an addendum? 
2. Is there standard wording for a feasibility period that I can include in the offer?

Thank you
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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    2y

    @William Coet

    Just add it in as one of the items.

    Not sure where this is located but in many locations solar is a secondary use (means can have solar after has another use)

    Also most solar companies looking for land do not get out of bed for less than several hundreds of acres. Not sure the size etc,

    Also make sure to stipulate a timeframe as solar would take years to negotiate - do not be shocked if the seller wants a non refundable deposit

    This is very common in these types of transactions.

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