Why you should get an Inspection

Whether you are buying or selling a Commercial Real Estate Property, Commercial Mortgages Direct suggests you should have a professional inspection performed.

An inspector will look at the systems that make up the building such as:

• Structural elements, foundation, framing etc
• Plumbing systems
• Roofing
• Electrical systems
• Environmental Issues
• Deferred maintainance
• Property logistics and surrounding land use
• Cosmetic condition, paint, siding etc

If you are buying a Commercial Property, you need to know exactly what you are getting. An inspection, performed by a professional inspector, will reveal any hidden problems with the Commercial or Income Property so that they may be addressed BEFORE the Commercial deal is closed. You should require an inspection at the time you make a formal offer. Make sure the contract has an inspection contingency. Then, hire your own inspector and pay close attention to the inspection report. If you aren't comfortable with what they finds, you should re-negotiate the Commercial deal.

Likewise, if you are selling a Commercial Real Estate Property, you want to know about such potential hidden problems before your property goes on the market. Almost all contracts include the condition that the contract is contingent upon completion of a satisfactory inspection. And most buyer's are going to insist that the inspection be a professional Commercial Real Estate inspector, usually by an inspector they hire. If the buyer's inspector finds a problem, it can cause the buyer to get cold feet and the deal can often need to be re - negotiated. At best, surprise problems uncovered by the buyer's inspector will cause delays in closing, and usually you will have to pay for repairs at the last minute, or take a lower price on your Commercial Property.

It's better to pay for your inspection before putting your Commercial Property under contract. Find out about any hidden problems and correct them in advance.

Property Types Apartment, Assisted Living Facilities, Construction, Condo-Hotel, Congregate Care, Credit Tennant, Healthcare Facility, Hotel-Motel, Industrial, Medical Office/Condo, Mixed Use, Mobile Home Parks, NNN Tennant Loan, Nursing Facility, Office Building, Owner Occupied, Retail Center, Self Storage/Mini Storage, Senior Housing, Shopping Center, Single Tennant, Special Use, Strip Center, Student Housing and Warehouse Loans.