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‘Trust but verify’ in due diligence

When you go under contract to buy a piece of commercial real estate, you will always want the seller to give you a period of time to do due diligence. In other words, you will need to insist upon a contractual period of time to make sure the property is all it’s cracked up to be. You will want time (30-60-90 days) to investigate and verify all aspects of the property that contribute to its value.

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