Why the real estate due diligence process is your friend

Some people are a little apprehensive about putting real estate property under contract.  The word CONTRACT seems so permanent and some may think it means you are locked in to buy the property no matter what.  That is not so.  There is a magic little effort called due diligence.  Due diligence is pretty much just doing your homework and becoming educated on the property you're interested in and might want to purchase.

There are quite a few items you may need to check out about the property you like depending on if it's a home, land, or commercial property.  You can do this while under contract.  This isn't information you need to have previously gathered before making an offer or putting the property under contract.  If there is something that doesn't pan out for you once you begin getting the information, you are able to get out of your contract without a penalty and within the deadline that YOU and your real estate agent set. 

The purpose of requiring due diligence is to protect you and your investment.  It isn't however a wild excuse to put properties under contract on a whim knowing you have a way out of a contract. That is poor real estate etiquette. A good agent will lead you in the right direction and they will have your best interest in mind and keep you protected.

Brought to you by Heath Harvey @ HeathsHomes.com