When to Remove Conditions on a Purchase Contract
Tales from the Trenches
English - January 13, 2017 17:00 - 4 minutes - 5.27 MB - ★★★ - 2 ratingsInvesting Business barry mcguire maguire macguire mcquire real estate tips investment for Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Podcast Episode 90: “Diligence Pays Off.” I’ve said it before and I’ll say it again: when you’re buying a property, never remove conditions on the purchase contract until you’ve done due diligence. A real estate lawyer like me can protect your interests and help you negotiate a better deal, but I can only work with … Continue reading When to Remove Conditions on a Purchase Contract
Podcast Episode 90:
“Diligence Pays Off.”
I’ve said it before and I’ll say it again: when you’re buying a property, never remove conditions on the purchase contract until you’ve done due diligence. A real estate lawyer like me can protect your interests and help you negotiate a better deal, but I can only work with the documents and evidence available. In this Tale, our investor was working on buying a multifamily rental property. Unfortunately, there were many discrepancies with the contents of units as well as with the estoppel certificates (aka rental confirmations forms). Good thing they didn’t remove conditions before they finished their diligence!
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Use the form below to contact Barry McGuire, real estate lawyer, Edmonton, Alberta.
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“Exercise That Diligence” image by Alan Levine used under CC Attribution 2.0 Generic.