The Best in Commercial

The Best in Commercial

Monday, April 11, 2011

Feasibility Contingency Clause-What does that mean?

When you write an offer on a piece of Commercial Real Estate, there is typically a time (30 days to 180 or more) after acceptance of a purchase sales agreement to do your "Due Diligence".

You will investigate financing, property boundaries, environmental issues, meet with City and County officials to review your plans, review leases and physical property inspections.

During this time, if you are not satisfied with what you find: You terminate the offer.

So...Don't be afraid to write an offer...you will have time to do your research.

There are some deals out there,,,they will not last!

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