Due diligence?
Wikipedia describes the term as: “English term due diligence is used in Finnish only in the business world and usually only in the narrower sense of due diligence by a proposed acquirer on the target of an acquisition. This is a preliminary identification of the risks and liabilities associated with the transaction. In English, the term means due diligence in general in all business matters and in life in general.”
Buying a home is usually quite a big deal and for many people a big financial investment. That’s why it doesn’t matter what kind of condominiumyou’re buying shares from. There are all sorts of companies, some excellent and others… well, not so excellent. That is why it is quite incomprehensible that people buy property largely driven by emotion and by looking at the walls of the apartment in question. It is often forgotten that you are not actually buying the walls, but a share in the condominium.
No matter how nice the apartment you want, the space you get the right to own by buying shares, it’s crazy not to find out a little more about the company’s space. The person selling the property will have to provide you with a big pile of documents with lots of numbers on them. And a lot of letters too. You need to read them carefully and also understand and appreciate what they reveal.
It should also be borne in mind that, although it is a limited company, its finances are not assessed in the same way as a “normal” limited company.
Let a professional help!
Fortunately, you don’t have to have the skills, because you can leave the assessment to us. With a professional eye, we will review the company’s financial situation and management/administration, its history and its prospects for the future. Among other things. And we will provide you with a clear, easy-to-read report, explaining the situation in plain language. So you don’t have to guess or make decisions blindly! OUN® offers you a personalised service. We have packaged our services by topic and set a fixed unit price. Choose the service(s) you particularly want answers to. If you choose two or more packages, a slice of the final price will always be deducted. So two packages = -20%, three packages = -30%, and so on.
It should be mentioned that we are not affiliated with any building company, brokerage firm or even bank, but we act independently and purely as an assistant to the buyer. We would also venture to say that a professionally and impartially prepared property report can be a very useful piece of paper when you are applying for a mortgage!
