As you have said paper work is very vital and important when marking sales or transaction especially or landed property, if I am the buyer I would also care to Know reason why he or she is selling the property
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I think it is appropriate to ask the seller the reasons for selling the business.When purchasing a business the right questions to ask are;
Why is this business for sale?
What is the history of the business, including the background of founders and the key management?
What is the outlook for this business?
The financial record of a business is very important because it is what is going to show you how the business operation has been over the years that it has been active.It is important to ask about the assets of the business and the liabilities first. It is basically knowing the worth of the business at that particular time.
To know these and more, one should obtain the books of account of the business.