An asking price is a seller position, not a verified valuation.
01
Identify the basis
Ask whether the price reflects assets, earnings, property or a combination. Check for double counting.
02
Normalise information
Ask an accountant to examine exceptional items, owner costs and the period represented.
03
Assess continuity
Discuss dependence on people, contracts, premises and approvals. Understand what can actually transfer.
04
Use scenarios
Review weaker trading, necessary repairs and handover delays. Obtain independent transaction-specific advice.
Turn reading into a useful record
Keep three columns in your working notes: the question, the source of the answer and the action still needed. Give each open issue a responsible person. Ask the relevant professional to explain the limits of their review, and preserve assumptions alongside the conclusions.
Before making a commitment
Use this checklist to prepare a more precise conversation. It does not establish rights, condition, value or suitability of any individual property. Obtain the appropriate independent advice for your transaction and confirm current requirements with the responsible authority.
