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Commercial real estate investment: get an appraisal before putting in an offer?

submitted by bobdole9 to AskGoats 5 monthsNov 18, 2024 18:02:28 ago (+6/-0)     (AskGoats)

There's property I want to buy. Seller wants $1.2 million, I think it's only worth $725,000. Its an old brick building with no functional HVAC or plumbing equipment.

Do I get a third-party to assess the property to get a neutral opinion of it's value, or do I go forth assume this property is overpriced?


25 comments block

I don't blame you.

It sounds like your real estate agent knows what to expect. That's reassuring.