The Property Condition Report is an important due diligence tool that evaluates the building improvements and systems at a commercial property. It answers the questions:
What is wrong with the asset now? and
What capital improvements will be necessary in the future?
A lot of owners say, “let the buyer do their own due diligence,” which is what occurs the majority of the time. A buyer absolutely should do thorough due diligence!
Read more...GlobeSt.com - Should a Seller Get a Property Condition Report? - The Science of Real Estate Article
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