What is the role of inspections in commercial real estate transactions?

Inspections are an important part of commercial real estate transactions in Washington. An inspection is when a professional inspects the property to make sure it meets the standards and regulations in place. During the inspection, the inspector will look for any potential problems or areas of concern that could greatly affect the value of the property. Inspections are done both before and after the transaction. Prior to a purchase, an inspector will look for issues like mold, foundation damage, roof damage, or other structural problems that could affect the value of the property. After the purchase, an inspector may be hired to check for any work that was done by the seller to ensure it meets the standards set by the buyer. Inspections are important for both buyers and sellers. Buyers are able to make sure they are getting the best deal possible, while sellers are able to make sure the property is up to standards before they sell it. Additionally, inspections can help both buyers and sellers avoid expensive repairs or renovations down the road. Overall, inspections play a crucial role in commercial real estate transactions in Washington. Inspectors are able to point out potential issues and help both buyers and sellers protect their investments. Without inspections, commercial real estate transactions would be much riskier and not as advantageous for either side.

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What is the role of inspections in commercial real estate transactions?

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