Wednesday, April 29, 2009
Our firm is not a real estate brokerage but we can do a lot to help clients find the land, house, or building that will best suit their needs. One of the most valuable services we provide is helping our clients perform proper due diligence. I can't tell you how many times we have found that properties listed by licensed real estate agents had open permits that were never closed out, lacking certificates of occupancy for part or all of the building, serious structural problems with either foundation or framing, potential for hazardous materials to be present, problems with compliance with zoning regulations, and a host of other issues that can affect the selling price, make a client decide not to pursue it, or give us a realistic understanding of what the total investment will be if our client goes forward with the purchase. Home inspectors, real estaste inspectors, and real estate agents are limited in the advise and knowledge they have about a property and often do not have the ability to understand the implications of these issues for the prospective owner whether it involves renovations or new construction. So if you are planning construction for the property you are buying be sure to pay for the assistance of your architect up front so you don't have to pay more later.