You are here

What are the steps for disposing of surplus real property?

  1. Notify OMES Real Estate and Leasing Services of the surplus property. We will request information on the property. 
  2. OMES Real Estate and Leasing Services will seek approval from the Long-Range Capital Planning Commission (LRCPC) to sell/transfer the property. 
  3. Once approval from the LRCPC has been obtained, agency will obtain an appraisal of the property, possibly a survey and abstract. 
  4. Once the appraisal is obtained, OMES Real Estate and Leasing Services will create advertising and bid information. 
  5. OMES Real Estate and Leasing Services will run the auction, including site visits for inspection of the property, and conduct a bid opening with any received bids at the end of the auction period. 
  6. At the close of the auction, OMES Real Estate and Leasing Services will notify the winning bidder, execute the contract and work with your agency. 
  7. OMES Real Estate and Leasing Services will create the deed for transfer of the property for your agency to sign and set a closing date with the buyer. 
  8. After closing, OMES Real Estate and Leasing Services will disburse money from the sale to the Maintenance of State Buildings Revolving Fund minus fees and reimbursements.