Are you selling your school either on your own or with a broker and are at the point where someone is interested. There are many next steps. Here are some, which of course vary depending on the situation and the professionals you have in involved. What are effective processes and where have the stumbling blocks been when you have sold your school or if you are currently in the process?
Letter of Intent (Be sure your attorney reviews it.)
Negotiate final acceptable terms of Letter of Intent.
Give the potential buyer the opportunity to complete and sign off with the due diligence.