Sale of Surplus Property Process

 

View our current listing for Sale of Surplus Real Estate.

 

Surplus Sale Process

  1. The Office of Central Services receives a request from a citizen or interested party to purchase property.
  2. The Office of Central Services will determine if the County owns the property. Once it is determined that the property is County-owned, an investigation is conducted with County agencies to determine if there is any interest or other projects related to the property that would prevent it from being sold. The property must also undergo Council review before a legislative request is submitted. Note: the process can take up to 6 weeks for completion.
  3. After all appropriate investigations and reviews are complete; a surplus legislation request is submitted to the County Council and the County Executive for approval. (Please note: Council meetings for surplus property are normally conducted twice per year).
  4. Once the surplus legislation is approved, the property is appraised and advertised for sale.
  5. The requests for expressions of interest to purchase County-owned surplus property are advertised in three County publications. Please note that any citizen or interested party can submit an expression of interest for any given property. The three publications are: The Prince George’s Post, the Sentinel and the Gazette. The ad typically runs for three consecutive weeks.
  6. If more than one individual submits an expression of interest on a given property, a request for a best and final offer (BAFO) is sent to those individuals by the Office of Central Services. The best and final offer period runs for two weeks.
  7. After the BAFO period concludes, the responses are reviewed by the Purchasing Agent and a successful bidder is identified. Once the successful bidder has been accepted by the County, three original contracts are sent to the individual for signature.
  8. Once the successful bidder returns the signed contracts to the Office of Central Services, it is forwarded to the Office of Law to conduct a legal sufficiency review
    • Note: The Office of Law is an extremely important participant in the sale of surplus property. There are several factors that must be considered in the legal sufficiency review, but the Office of Law’s primary role in the process is to ensure that there are no issues with the contracts and deeds as it relates to previous ownership or liens.
  9. Once the Office of Law completes their review, the contract package is sent to the Administrative Review Committee for review and execution. The executed contracts are then returned to the Office of Central Services for processing.
  10. The Office of Central Services will return one copy of the executed contract to the successful bidder.
  11. After receiving the executed contract, the citizen or interested party is responsible for coordinating settlement by submitting three possible dates to the Office of Central Services. The Office of Central Services will coordinate with the Office of Law and confirm the settlement date.