Sell Land to RCA
If staff determines that your property is a good fit for the reserve we will send you an appraisal permission form. Upon return of your signed form we will hire an appraiser. The RCA will pay the costs associated with the appraisal. The appraiser will contact the property owner to set up a time to visit the property and take some photos. The property owner does not have to be there when the appraiser visits the property but is welcome to if they would like.
In most cases the appraisal is completed and reviewed within 60 to 90 days. Once we receive the report it will be reviewed to make sure it meets the Uniform Appraisal Standards for Federal Land Acquisitions. Assuming there are no issues with the appraisal report, RCA can have an offer to you within approximately 90 days. We will send a draft purchase and sale agreement that specifies the purchase price, estimated escrow close date and specific terms and conditions to acquire the property. If you are not familiar with real estate transactions you may want to hire a realtor or other industry professional to assist you in this decision making process.
If an agreement is reached between RCA and the property owner(s), the agreement is then sent to our governing Board of Directors for their approval. Once that approval has been received we will open escrow. Most transactions close within 90 days of opening escrow. Larger purchases sometimes take longer due to use of grant funds or the phasing of the purchase. When we phase purchases we will close escrow on portions of the property over a period of one to four years.
For more information about the RCA acquisition process, please call (951) 787-7141.