The following assumes that the owner has indicated a willingness to sell. The times shown are typical; depending on circumstances, a given action can take more or less time. DEP indicates the Department of Environmental Protection, Division of State Lands.
| Action |
Responsible Party |
Approximate Number of Days* |
| Boundary Survey and 5 Year Title Search |
FSU |
40 |
| Appraisal(s) and Review(s)** |
FSU & DEP Approved Appraiser(s) |
65 |
| Negotiations and Contract Execution |
FSU/Owner |
30 |
| Cabinet Review/Approval |
DEP/Cabinet |
45 |
Environmental Assessment Phase I
Full Title Search
Final Survey
|
FSU/Owner*** |
60 |
| Final Review & Closing |
DEP/Title Company |
15 |
| Total Number of Days |
255 |
* Includes time for processing orders for services as well as the time to perform the services.
** If the purchase price is expected to be $500,000 or more, two appraisals are required. When more than one appraisal is required, they are performed concurrently so the time is the same.
*** The responsibility for these items is determined during negotiations.
Last Updated:
11/01/2005
© 2005 FSU
ldurham@admin.fsu.edu
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