LOI to Close - List of Tasks & Advice on Timing

by a searcher from Stanford University - Graduate School of Business

2 years ago

Hi all,

I am about to submit an LOI on a business where the seller is looking to close quickly (ideally by end of march or latest by mid-April). 

I want to make sure I'm not missing anything, so I'd love to hear advice on what all I need to complete between LOI to Close in as much detail as possible (or point me to other references).
Also any advice on timing (bare minimum, assuming I have the funds) would be helpful. 

Thanks!

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professional

Happy to chat about this. Shoot me a DM.

3 months ago | like reply | 0 likes

professional from Dartmouth College

Generally a good rule to add 30 days to whatever your or seller's expectations are. End of March would be very very optimistic, end of April would be doable depending on how many outside parties are involved (investors and lenders on your end, third party consents or real estate transfer requirements on the seller's end).

2 years ago | like reply | 2 likes

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