Skip to main content

Posts

Showing posts from January, 2016

Adam talking about - Due Diligence

When you decide on buying a real estate property, Adam Hochfelder, a real estate businessman suggests that you pay attention to due diligence, because it is rather important, and if you don't take care of it on time, you might regret it later. Quite often, when people get excited about getting a deal done they lose sight of the mechanics of knowing what we're buying.



When it comes to commercial property there is one thing for sure, and that is that the seller always knows more about the property than you do. As a buyer it you job to gather as much information as possible about the property, find out the things that the seller might have left out, or perhaps wasn't even aware of, and use the collected data to make an intelligent decision about the deal.

As Hochfelder further explains, market analyses is always the first step of due diligence. During this process you need to gather and analyze the information related to demographic, socio-graphic, and geographic data, in or…