Having A Bad Full Book Survey
Buyer’s typically aren’t able to look at full book survey results until after the purchase sale agreement and operation transfer agreement have been executed and you are in the contractual due diligence period. With that said, you shouldn’t wait this late in the game to let them know that you had a horrible full book survey and your facility has the Rapid Response. Team trying to keep you from being close down. No one wants to hear that in the final hour. The buyer won’t trust you and won’t move forward in the close. The lender would probably pull their commitment as well.
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