When purchasing your real estate, you want to be confidence you’ve done your research. At Jeff Jinks Law, our attorneys look at every angle when purchasing property.
MUST-HAVE STRATEGIES FOR REAL ESTATE INVESTORS. RELEVANT AND TIMELY INFORMATION THAT GIVES YOU THE EDGE.
THE IMPORTANCE OF DUE DILIGENCE
When considering the purchase of commercial or residential property by a sole individual or business entity (for either owner occupant business or non owner occupant investment), there can be a variety of issues that could jeopardize a transaction.
When it cover the various issues that could present themselves, both beginner and veteran real estate buyers have to address such issues in a way that covers all bases and look into the parties involved.
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Our Firm Looks Out For Our Clients
WAYS TO LOOK AT REVIEWING REAL ESTATE
When you look at real estate, there are many challenges to face. Each property requires leasing, property management, tax matters, zoning, variances, contracts and purchase agreements, options among points.
Most real estate purchasers are considered as sophisticated individuals, and unlike in residential real estate, consumer protections are few and far between.
From the foundation of every successful real estate deal is how both the physical, financial, legal aspects are taken into account, both by their individual parts and as a whole.
THE ROADMAP OF DUE DILIGENCE
FINANCIAL: First, you will closely examine the seller documents to garner the maximum amount of clarity, keeping both short and long term costs in mind. The document gathering at this initial stage should be extremely through to include all accounting, insurance, environmental, lender, surveys, among others.
INSPECTION: Next, in the inspection phase of your construct, you will spend a considerate amount of time by visiting both the physical site and working with other subject matter experts to examine the financial risk and reward of the proposed project.
LEGAL: Lastly, you will consider the legal benefits and consequences of the transaction. This could take into account any 1031 Exchange that may have to take place, shareholder considerations, property issues, among others that will either champion or demolish the deal from happening.
EVERY SOLUTION IS UNIQUE.
Since the phrase of “buyer beware” rings exponentially accurate applied to commercial real estate, our Indianapolis real estate attorneys mandate a tailored made application of due diligence checklists and procedures.
THE ITEMS ON THE LIST WILL BE CUSTOM MADE FOR YOU.
We want to invite you to discuss how best to look at your due diligence roadmap applied to your particular situation. Whether it’s legal restrictions applied to zoning, financing protocols, future cost impacts or suitability of the project, Jeff Jinks Law’s staff will guide you every step of the way.
To schedule your no-obligation case evaluation, please contact an Indiana real estate attorney from our firm today!
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We Speak In Your Acquisition and Disposition Langaguge.