HANTMAN PORTFOLIO
These properties are listed by John Hill - he can be reached at 325-721-4428 or emailed at john@barnetthill.com. While individual offers will be entertained, preference will be given to buyers willing to purchase multiple listings from this offering. Use the form at the end of this page to submit an offer for any of these properties.
SAN ANGELO - TOM GREEN COUNTY
Seller has an unpriced 24 unit, all-one-bedroom apartment complex located on a 0.618 ac lot one block from Shannon Medical Center. Seller also owns 0.915 acres adjacent to this multifamily property. These properties are not listed on MLS. Seller is open to offers.
BROWNFIELD - TERRY COUNTY
Seller owns the apartment complex adjacent to the Grace Street lots. She will require any buyer of these lots to limit development to single-family development to limit competition for her adjacent investment.
ODESSA - ECTOR COUNTY
Additional information:
- Odessa Zoning Map - shows zoning class by tract.
- Land Use - shows permitted uses in different zoning classes.
- Interactive map of Hantman listings - Ector County (red listed; purple owned by seller, but not listed)
SELLER'S TERM FOR OFFER
The simplest way to get an offer started on any of these properties is to complete the form below. With your offer, understand that:
- The seller will not pay title insurance. The trustee for these properties has multiple real estate deals in play. To keep deals consistent and minimize contract review, she asks Buyer to pay title insurance. Review this schedule to obtain an estimate of title policy costs. This fee schedule is uniform across all title agencies.
- The seller does not have a survey for these properties and will not pay for a survey. A survey for a residential lot costs, roughly, $600. Larger parcels and acreage cost more and depend on difficulty to identify boundaries, a square acre is cheaper to survey than an acre with a creek as border.
- Seller financing is not an option.
- Offers require 2% earnest money. We ask for a high percentage of earnest money deposited to make sure buyers are serious about closing the transaction.
- To expedite the deal, Big Country Title is the seller's requirement for closing venue. The transaction requirements for the seller (the Joseph M. Hantman Revocable Trust) comes with a learning curve and Big Country Title has overcome that barrier.
- Select a feasibility period to familiarize yourself with the property if you need one. Feasibility periods or option periods are explained here if the concept is new to you.
- Buyers will be required to sign an addendum to further indemnify the Joseph M Hantman Revocable Trust along with their contract for purchase. Please review this document as the buyer or with your attorney and get comfortable with its intent to move forward with an offer.
- When you choose your anticipated closing date, remember it takes about 2 weeks to get a title opinion. Once we get a title opinion and review it, it takes another two to three weeks to get a survey. If you are getting financing, we will need an appraisal and that takes several weeks to schedule and complete. If you are purchasing without a survey or financing and no feasibility period, it should take about 2 weeks to close because all you need is an opinion of title. If you are getting bank financing (which requires clean title, survey and appraisal), it should take about 5 weeks. If you have a unique feasibility questions, please allow for that in the selection of your closing date..
SUBMIT OFFER
