This sample form, a Due Diligence Request document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.
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Interesting Questions
You can tap into local real estate agents, check online reviews, or ask friends and family who know the area well for trustworthy resources.
If you find something serious during due diligence, you can often back out without any penalties. It’s your safety net!
Keep an eye out for things like unpaid property taxes, foundation issues, or if the neighborhood isn’t as nice as you thought – those are big red flags!
The due diligence process can vary, but generally it takes a couple of weeks to a month, depending on how thorough you want to be.
Your checklist might include checking the property's title, getting a home inspection, reviewing zoning laws, and looking into local schools and amenities.
Due diligence is like doing your homework before buying a house. It means checking everything is in order, so you know what you’re getting into.