If you are buying a commercial property of business for the first time, or even if you have engaged in many such transactions, it is important to engage in proper due diligence. Many people – including many people involved in commercial transactions, but especially newcomers to the field – do not fully understand the purpose of due diligence or what it should entail at its most effective. While most commercial buyers, whether of real estate or businesses, understand that due diligence is a process that helps them evaluate a property, many view the process as a means to ensure they are not paying too much. That is part of it, but there is much more to it, and to conduct proper due diligence requires a better understanding of the information you hope to discover during the process.