Trusting only a seller’s word when buying commercial real
estate property is not recommended. Follow the below
tips to ensure a fluent transaction

Conduct a property inspection

A property may look flawless on the surface, but underlying
problems may exist, and those may include environmental
issues, and encumbrances. You should conduct a thorough
inspection of the property before committing to a purchase.

Contact an experienced real estate lawyer to assist you in
interpreting all legal descriptions of the property to make
sure the process will be smooth. Also, consult a real
estate lawyer to make sure your commercial real estate
business has been properly structured.

Evaluate the title history

Title represents your legal rights over the commercial
property. You have to hire an experienced title company
staffed by qualified real estate attorneys to make sure
the property’s title history is clear. Our title company
will examine your property’s legal & title history to
ensure that it’s clear of burdens and encumbrances.

Legal issues with the title such as a missing deed,
an unresolved claim, or an unpaid lien may be costly
for your business, if left unidentified in advance.

Ensure efficient transaction

Buyers, be aware that the seller has all rights and
minimal obligations. You need the assistance of a
qualified real estate lawyer and title company to
make sure your rights are fully protected. Also, an
experienced title company will make sure your
closing transaction is smooth and hassle-free.

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