Real estate due diligence is always important, but especially so when your client may be on financial thin ice.
During the COVID-19 pandemic, many Canadians have experienced job loss and income reductions, and we could be seeing the long-term consequences. Even if income has returned, deferred bill payments may be catching up with your clients.
If that’s the case, you need to know this information sooner rather than later — both to make sure the deal is qualified to go through and to try to find solutions for your clients.
We are sharing tools to mitigate real estate risk and increase due diligence on the GeoWarehouse blog.
See our tips here: https://www2.geowarehouse.ca/proactively-managing-real-estate-risk-from-the-start
