In around 7-10 days I will be going into escrow to buy a site for high $xxxx. I'll post the URL, purchase price and revenue when it completes, but in the meantime I need a little advice regarding the purchase.
First, I've never bought a site at this value before and I don't know what to do in terms of a contract of purchase. Flippa's template is useless because it's a private sale that I sought out directly (hat tip to ScottJ for the great info on how to do this). Do any of you have a template that could be modified for this or is it even necessary?
Second, I'm prone to jumping into things head first when I have passion and I tend to forget basics. Do any of you use a checklist to keep track of what you need to transfer over? For example, hosting, email addresses, business contacts. I don't want to end up missing something important and having to rely n the seller to hand it over after purchase.
Finally, do you recommend keeping a spreadsheet for each purchased site to track revenue/profit to know when you've paid off the initial investment or am I being too anal?
Thanks for the help in advance chaps.