WHENEVER you’re looking to acquire a Commercial property for $1 million or more, you should undertake thorough due diligence on it … before making a final commitment.
However, some investors new to Commercial property generally find themselves with a dilemma:
- By carrying out their due diligence before making an initial offer, they could end up missing out on the property and running up unnecessary costs; OR …
- By trying to make due diligence a condition of the contract, this may offend the vendor and derail the whole deal.
So, let’s explore both of these approaches in a little more detail. [Read more…]