payments, and other financial aspects to fully know how stable the condition of the property is.
TAKE AS LONG AND BE AS METICULOUS AS POSSIBLE ON TOURS
As the prospective buyer, never rush or let yourself be rushed through a tour. This is probably going to be the biggest investment you and your company have ever made. It would be dumb to invest that much and not inspect it deeply on your first tour. Even do a second or third tour. Feel free to get an entire feel for the area. Use the amenities, step out and walk the block around the property. You need to be as thorough as possible. This is (most likely) a long-term investment. The longer you can afford to get a complete tour of and feel for the building, the better. It may be tough to get away from your normal job for a full day but stay as long as you can and use the surrounding amenities if you can. Go out for lunch there to see how close and convenient any good options are to your space. Take note of the surrounding buildings. It won’t take long to get a good feel for the area. If the owner considers you a serious potential buyer, they will let you tour for however long you need to, as well as allow you to check out anything else. BUSINESS OWNERS MAKE MIS WNERS MAKE MISTAKES ON TOURS ALL THE URSALLTHE TIME. HERE'S WHAT TO AVOID. There’s a lot to take in on these tours. When people visit spaces, they usually concentrate on bigger things, and it’s tough to stay on top of the details. Going in with a list is a good idea.
68
Powered by FlippingBook