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Multi Board Residential Real Estate Contract 6 1 Fillable Form

Multi Board Residential Real Estate Contract 6 1 Fillable Form

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Hi, my name is Scott Smiler, and I’m a real estate partner at the law firm of Gallet Dreyer & Berkey. I would like to spend a few minutes with you to discuss the importance of due diligence. The purchase of a home, co-op apartment or condominium unit, is one of the biggest investments an individual will make, so it’s important to have as much information you can prior to signing the contract. The due diligence for co-op apartments and condominium units are similar in nature so let’s start with that first. There are a few main documents we would want to review. The first relates to the financials of the building. The financials will allow you to see if the building is operating at a deficit, if there are adequate reserves for potential emergencies or future capital improvement projects, and if there are any line items that seem abnormally high. For example, if the line item for legal services are substantially higher than budgeted, that may be an indicator that the buildin

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