noun howÂ·itÂ·zer \ËhauÌ-Ét-sÉr\. : a large gun that is used to fire shells high into the air for a short distance.
As with residential transactions, commercial real estate transactions will. include a typical quitclaim deed, non-foreign affidavit and title affidavit. However, there will be several other documents included in the transfer package. Unless the commercial property consists of raw land, there will be an.
1. Consult a lawyer. Because of the additional complexities of buying raw land, it is essential that you consult with a lawyer once youâve identified the property you want to buy. For one, a lawyer can help streamline communication between you and the seller so your rights as owner are clear. Your offer should also include provisions allowing you to walk away or buy the land for a reduced price depending on the findings of the due diligence process. 2  Cheaper properties make more financial sense when it comes to raw land as land tends to appreciate as it's developed.