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Whether you are purchasing a commercial or residential piece of property, it is advisible to have an attorney to look over your paperwork prior to signing any binding agreements. A real property transaction can be fraught with problems that are not apparent on the surface.
Questions to consider:
-Are there liens on the property and if so, will they be paid in full or closing?
-Do the Sellers own 100% of the property?
-Are all owners alive?
-Have you arranged for appraisal?
-Have you arranged for an inspection period?