Post
Topic
Board Beginners & Help
Re: How and Where to sell a Motel for Bitcoin
by
calvinstm
on 19/04/2021, 20:28:54 UTC
Loopnet is by far the most popular commercial real-estate website in the US, I've used them before and been pleased.  If you insist on a crypto sale it's likely to take you a while to find a buyer.  If you're in a hurry to sell the property you probably shouldn't put those kind of conditions on the sale.

As for brokers or real-estate agents, they're helpful finding buyers, title and escrow companies.  If you already have a title/escrow company you want to work with, and find the buyer yourself you can contract a Real-Estate Attorney to draft up the contracts.  Usually a real-estate sale contract drafted by a lawyer will cost you about $10k.  Depending on the price of the property that may be less than the commission fees charged by brokers and real-estate agents.

Thank you so much for the valuable feedback and thank you for telling me about Real-Estate Attorney! I didn't even know I could do that! Like I said, my knowledge is very limited. I really appreciate your feedback!  Grin

I've got a question for you if you don't mind my asking.  Did you manage to sell the building on Loopnet on your own? Or did you contract a real-estate broker or firm to do that for you?  Would you advise a total noob to sell a property that's worth about $750,000 on loopnet on my own without any assistance?

I am thinking of following your suggestion at this point - find the buyer myself and contract an attorney to draft the final sale contract.

Thanks again!