Delays in Title Exams and Appraisals?

[Jade S.]

Hey Folks,

     Just wondering what recent commercial deal buyers are seeing out there with title exam and appraisal timeframes.  I’ve got a contract on an off-market deal on a flex industrial building with a 60 day time to close (45 day due diligence).  However, I am a bit worried about title exam & appraisal timelines, and the potential for it to impact the close after talking with my banker and real estate attorney.  My expectation is that we will need to potentially push the close back as it sounds like third party reports have been a real issue lately, but the seller has been fairly flexible on things thus far.  Thanks.