One valuable tool for California commercial property owners that Rogerson Business Services would help you obtain is an Early Insight Report. This report includes three components that provide a high-level overview of your property’s value and condition, as well as insights to guide your decision-making as you prepare to sell. The three components of the Early Insight Report are:
- A high-level or preliminary environmental report or Environmental PreScreen.
- A high-level Property Condition Pre-Screen.
- An optional business valuation (CAVM Report)
The CAVM Report is a fast and cost-effective option for commercial property valuation. While it is not a USPAP-compliant valuation, it is often used in situations where a quick secondary opinion of value is needed. This report provides a wealth of data, including estimated property value, property information, past sales, loans, taxes, sales comps, rental prices, net operating incomes, rent rolls, cap rates, and more. The turnaround time for this report is approximately 2 days.
Another important step in preparing your property for sale is to obtain a Preliminary Title Report on the real estate where your business operates. This report ensures that the property’s legal entity is in order, allowing for a smooth change of ownership if you receive an acceptable offer from a buyer. The turnaround time for this report is also approximately 2 days.
By utilizing these tools and reports, you can ensure that you are well-prepared to sell your commercial property and business in California quickly and efficiently.