Cesi Pagano, a real estate agent with over 35 years of experience in Orange County, California, says, “It’s important that buyers look at every detail. Some people just focus on a home inspection, and that’s not enough. A buyer really needs to get to know the home they’re purchasing so that there are no regrets.”
That’s why we’ve put together this guide to due diligence for a homebuyer. From area research to title research, we’ll walk you through the process — and provide you with a printable checklist as well.
What is due diligence in real estate?
Due diligence refers to the buyer’s obligation to research the property and understand what they are purchasing before the house transfers ownership. Each purchase offer contract stipulates a certain amount of time when the buyer can perform certain due diligence duties.
What should be on my due diligence checklist for real estate purchases?
Pagano says that as you’re working through your due diligence checklist, your real estate agent is your best resource. They should help you address each point and offer assistance in how to find information.
Everyone’s situation is different, but your agent can rely on past experience to help guide you through this important time.
For the complete rundown of how you can ensure you are checking off everything, you need to do throughout the homebuying process, continue to the article posted by HomeLight, in their Homebuyer Resource Guide.