For your process due diligence report, Newbanks is the ideal construction consulting company to turn to. We provide various due diligence related services, including Property Condition Assessments, Document and Cost Review, and Cost to Complete Analysis.
Our due diligence reports are well-detailed and accurate. Our trusted experts will visit the construction site and conduct comprehensive interviews with on-site personnel, including property managers and engineers. This will help determine the condition of the property, common recurring problems, violations, potential issues, turnover, and so forth. All our findings will be combined into a comprehensive due diligence report. With this, you can make informed investment decisions.
What is a Due Diligence Report?
Due diligence report is a statement of a comprehensive and intensive investigation of a real estate property before its buying or selling. The information that is gathered during the property inspection are outlined know a due diligence report to help make an informed decision. The due diligence report is delivered to the team that is overseeing the transaction to evaluate details that will help in closing the deal.
In the creation of a due diligence report, you can hire a due diligence report company to carry out analysis with their team.
What is in a Due Diligence Report?
After the real estate and construction site has been inspected, you should take time to write down the information gathered in a due diligence report. In writing a due diligence report, there are certain things you have to include in it. Otherwise, you won't be creating a comprehensive and effective due diligence report, and poor reviewing will be made.
The information you can include in your due diligence report include:
- Financial liabilities as you won't want to inherit debts or tax issues that come with a property
- Insurance coverage
- Statement of what has been researched on and how it was done
- Use of legal and financial statements to support the documentations made on the report
- Details about the physical condition of the property
- Failure to include any of these information means you are heading into a transaction knowing little about it.
How Long Does It Take To Process Due Diligence Report?
The preparing of a due diligence report can be between 30 and 60 days. This is dependent on how sooner the seller or the contractors are willing to give necessary information to you. The sooner you can get the information, the shorter the timeframe of processing a due diligence report.
Real estate buyers nowadays want a due diligence report as a form of a guide into making a transaction. The act of writing and processing a due digital report will give you the power and edge to make a better deal.
Contact Us Today!
Are you considering investing in a commercial real estate property? Contact us today to get a process due diligence report. We provide detailed and highly professional services. Our trusted experts will be happy to speak with you and make the necessary recommendations. An amazing experience awaits you.Process Due Diligence Report