Murphy said it best: "If something can go wrong, it will." Murphy's Law applies with full force when a business purchases a building. And, sad to say, much can go wrong. You may, for example, sign a contract to buy a building – but then learn that:
• Your bank won't approve the mortgage loan you were counting on tocover 90 percent of the purchase price.
• The seller doesn't own the next-door parking lot that you thoughtwent with the building.
• The local zoning ordinance doesn't allow your kind of business atthat location.
• Toxic chemicals have contaminated the ground outside the backdoor
