Commercial and Multi-Family Real Estate Inspections
- February 7, 2020
- Business and Management
- No Comments
Most inspections acquired by the buyer at the point of the building are being sold. If the seller inspection is done he then knows what happened to his property when sugar-coating or biased views are given. More importantly, he/she now knows what happened when buyers find out about the building.
This gives the seller time to go to the options with his agent and find out what existing solutions or the best way to proceed to give credit to repair or get the job done now. You can find out more information about real estate inspectors from various online sources.
For example, if the roof is bad and the seller knows what the cost parameters exists then he/she did not leave unidentified. If the seller knows before and revealed it to the buyer that the buyer feels more comfortable dealing with sellers. This may be the difference between a deal that passes through and the one that was falling apart.
During this challenging commercial time, I found that it offers a disordered fix because of the unidentified. Anything from a bank changes its policy at the last minute to problems with underground sewer lines or old HVAC equipment, etc. The purpose of real estate inspection is to eliminate some of the problems that are known. It's cheap insurance for both buyers and sellers.
The point here is that if you have the information you need, you can make decisions that can save a lot of money. By doing good, thorough general visual inspection, the seller can increase the value of the site to take care of the problem and have peace of mind knowing the actual condition of the building.
Additionally, you and the buyer will know what costs you can expect over the next five years, other than routine maintenance. For the examination fee, you can get all this information.