Real Estate Acquisition/Disposition
and Community Liaison

The process of property acquisition, surplus property disposition, and community property development liaison/planning is provided by Real Estate Services. Specific discussion is needed for each individual project of this nature; contact Real Estate Services for specific assistance.

Surplus Property Disposition (Sale of WVU property). As a state agency, WVU is not permitted to direct or sole-source sell property to any entity. Rather, to sell property, it must be declared surplus (not used or needed in the future for any academic, research, or support purpose), two appraisals are contracted, and the sale publicly bid in which the highest offer must be at least the minimum of the average of the two appraisals.

Regarding Inter-Governmental Transfer of Property. WVU may transfer property to another governmental entity as desired and determined to be the in the best interest of WVU and the community.

Regarding Property Acquisition. WVU entertains the consideration of purchasing properties for the expansion of campus functions. As a state agency, WVU cannot pay remainder year taxes; therefore this cost must be considered in the sale price with payment remaining the obligation of the Seller. Also, it is beneficial for the Seller’s legal representative to act as the Closing Agent for financial distribution at the property closing. Real Estate Services negotiates purchases to the point of verbal agreement of terms and conditions then coordinates with WVU Legal Counsel for the creation of a Purchase Agreement; thereafter, Legal Counsel manages the acquisition process through to property closing.

Regarding Community Property Development. Real Estate Services works with community officials and developers to assist in any issues effecting WVU as area development occurs.