Due diligence: the process of investigating the property for flaws before you close on the transaction. Read on for a checklist of essential items to research when buying a home!
What Is Real Estate Due Diligence? Find Out What to Do Before Buying a Home
“Home inspectors often make long lists of items they have found, for example, many of which are cosmetic, easily fixed, or simply a result of wear and tear on the property. The seller is not obligated to fix every item the buyer or an inspector finds. If you discover during due diligence that the home has defects that should be fixed, you have time to negotiate with the seller, who may agree to fix the defects or lower the home price.”