Strategy #3 from Historic Salisbury Foundation
Remember this strategy is for a 501c3 nonprofit organization
Purchase with Delayed Closing
- The organization makes an offer with a small down payment
- The closing date should be as far away as way as possible. Suggested 12, 24, 36 months
- Start marketing the property
- This process is more risky for the organization because you are locked in to the purchase, or you loose your down payment.
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