What's The #1 Reason That Your Sale Doesn't Close?
You have a buyer. Everything's going perfectly. Or so you thought...
Inspections and potential repairs are the number one reason sales don't close.
It's the inspector's job to look for everything bad both for repairs that are needed as well as for environmental problems. When an inspector identifies a repair problem, it doesn't necessarily mean that the seller has to fix it. The cost of the repair can be negotiated as part of the sales process by a knowledgeable commercial real estate broker.
For a seller, obtaining a "Clean 21 E- Environmental Study" can speed up the sale of the property.
Typically, buyers have a certain number of days in which to inspect the property and accept or reject the property based upon these mechanical and structural inspections.
How The Seller Sees Their Property
How The Buyer Sees Your Property
How The Inspector Sees The Property
Did You Know That It's The Buyer's Duty To Inspect?
Before you purchase commercial real estate, you should hire someone to inspect the property for any defects that are not easily noticeable. Generally, the seller will not be held liable for problems with the property that he or she did not know about and did not actively conceal.
But if you do know about any problems on your commercial property, you are liable!
Save Yourself Time, Money and Disappointment. Do Deferred Maintenance Now!
When you need a commercial real estate broker in the Merrimack Valley of Massachusetts and in Southern New Hampshire: