Risk Assessment in Real Estate

Risk assessment in real estate involves evaluating potential issues that could impact the property's value, profitability, or safety. This includes analyzing factors like market trends, property condition, legal or zoning restrictions, and environmental concerns. The goal is to identify possible problems early so investors or buyers can make informed decisions, manage potential losses, and develop strategies to mitigate risks. Essentially, it’s a careful review process to understand and prepare for uncertainties associated with a property investment or transaction.