CHAPTER 11 The Best Way to Evaluate Your Options our Options
The next step is narrowing your choices once you have your finances in order. You want to send a letter of intent to an owner discussing your offer, but only after you have gone through each and every option. The letter of intent (LOI) will detail your timeline and requirements while asking the owner to propose terms to you and answer questions about your specific needs. The LOI usually discusses money upfront, opening negotiations, and detailing what type of loan you can get while asking about the condition of the property. But before that can be sent, you need to do a thorough search. There are factors that need to be considered that get overlooked by business owners.
EXACTLY HOW YOUR COMPANY WILL WORK AND FIT IN EACH SPACE IS IMPORTANT
Your broker will probably have design firms or programs that can show how you would fit in each of your prospective offices. The programs will give you the space and price efficiency of each option. Your broker will run your fit into the space when you are in the search process. Sometimes the price of this gets added to their final commission, which the landlord pays for, depending on the situation. Each floor plan is unique and the office sizes will differ, so you 61
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