You are smart to be thinking ahead. Hasty, ill-informed, and costly decisions are often the result of being confronted with unknown problems and issues about your building by a prospective purchaser. In working with our clients, we recommend that they "stay ahead of the curve" by anticipating the questions and issues that a prospective purchaser may have. If you can uncover any problems first, you have the opportunity to either cure them or plan for them in the negotiation process. How do you uncover these types of issues?

A team of professionals is the right way to begin. Your accountant should be counseling you on your tax exposure and the optimal way and time to sell the property. Your attorney should be contacted early - what legal issues could be raised? You should be aware of any problems with title to the property now. If you have an application pending for tax certiorari, pull together the information on the status of the application, as well as any negotiations or offers by the local municipality. And are there any outstanding issues with the certificate of occupancy or violations?  (MORE)