DBPapers
DOI: 10.5593/SGEM2014/B22/S9.053

REAL ESTATE DUE DILIGENCE ON THE EXAMPLE OF THE POLISH MARKET

E. Jasinska
Wednesday 1 October 2014 by Libadmin2014

References: 14th International Multidisciplinary Scientific GeoConference SGEM 2014, www.sgem.org, SGEM2014 Conference Proceedings, ISBN 978-619-7105-11-7 / ISSN 1314-2704, June 19-25, 2014, Book 2, Vol. 2, 419-426 pp

ABSTRACT
A thorough evaluation and analysis of the real estate market when buying or selling real estate is not a strong point of Polish real estate market. The parties buying and selling and often believe that they themselves are sufficiently qualified to conduct real estate transactions. Meanwhile, in-depth analysis of the legal process, economic, planning and construction is rare and requires a combination of several professions. Hence, the introduction of a due diligence in advising real estate is a valuable change that could revolutionize the current view on real estate transactions. A comprehensive study of the property allows you to provide detailed information to enable avoidance of risk, which may adversely affect the price of the property and the entire transaction. It is important to analyze in detail the land registers, possible changes in the area around the property as well as financial outlay which will require the purchase of property and the prospects of obtaining funds for the purchase and maintenance of the property. Changes made axle 1 January 2014 concerning the deregulation of the profession of real estate agent on the one hand opened the market for new professions, the other removed the responsibility of the people uneducated in this area. The article presents the general principles of the institution due diligence and give an example of an analysis based on the selected plot of land and premises.

Keywords: due diligence, market analysis, legal status of the real estate, audit