tailieunhanh - Commercial Real Estate Investing For Dummies For Dummies Business Personal Finance_6

Tham khảo tài liệu 'commercial real estate investing for dummies for dummies business personal finance_6', tài chính - ngân hàng, đầu tư bất động sản phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 116 Part II Getting Started Making Deals Setting the sails for the closing date As you work through all of your due diligence tasks it s vitally important that you keep an eye on the day that your contract says you re supposed to close. If you know that you won t be able to complete all of your due diligence tasks or you have encountered problems and need more time to resolve them you have a few choices to make. You have the following three options You can back out of the deal especially if the problems you encountered make this deal a bad one. You can get an extension of time to complete your due diligence. You can strive to complete your due diligence and set the sails for the closing date. The goal here is to get to a point in giving this deal the green light or the red light. If you re giving the green light assume the following The physical inspection due diligence is complete. The financial inspection due diligence is complete. The legal inspection due diligence is complete. You have satisfied every contingency clause in the contract. You have completed your renegotiating with the seller and everything agreed on is in writing. Chapter 7 Closing Your Deal Jn This Chapter Understanding the basics of commercial closing Minding the details before signing the paperwork Knowing what to expect on closing day Taking ownership of your property his is the day you ve been waiting for The day when you finally get to close your deal Whether this deal is your first or your tenth every clos- ing day is special. All those hours spent negotiating late evenings spent crunching the numbers long days spent walking through and assessing the property sleepless nights spent waiting for loan approval not to mention all that time spent dealing with your partners and handling investors all of it is scheduled to come to an end on closing day. This day should be one of celebration and accomplishment. Ultimately closing your deal is the beginning of a new investment in a great property .