Due Diligence in Public Real Estate Transactions
Karla MacCary and Elinor Eizdi presented "Due Diligence in Public Real Estate Transactions," a Lorman Education Services webinar, on October 16, 2018. Their presentation provided viewers with comprehensive and useful information on due diligence in real estate transactions, with a focus on public agency buyers and sellers.
Karla and Elinor explained what types of due diligence purchasers of real estate should be conducting, such as reviewing title and survey, zoning and entitlements, environmental conditions, leases and operations, and addressed how that due diligence varies depending on the type of transaction and the proposed use of the property. Additionally, they explored the kinds of unique issues that come into play when a public agency is the buyer or seller, such as the requirements for appraisals, competitive bidding, the Public Records Act, and property and transfer taxes.