Selling a church can be a challenging and complicated transaction. In a variety of ways, they are quite different from a commercial or residential transaction. To add to the complexity, there are a lot of different twists and turns that can make each church sale different from another.
Important things to find out up front:
– Incorporated or unincorporated?
– Representative or congregational form of government?
– Written by-laws, Board of Directors/Trustees?
– Is the pastor the authorized administrative person, or someone else?
– Are there special requirements for conveying title?
Those are just a few questions to start the process towards closing. Expect a few surprises along the way, especially once the Title Commitment comes in.
Each church sale is unique.
My Agent Greg 