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What is Due Diligence in Real Estate?

Redfin

You put an offer on a home and it’s been accepted, now the due diligence period begins. In real estate, the due diligence period is the time between an accepted offer and closing. Table of contents What is due diligence in real estate? What happens in the due diligence period?

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Understanding the Importance of a Seller’s Property Condition Disclosure

Rochester Real Estate

By providing accurate and comprehensive information, sellers enable buyers to make informed decisions and negotiate terms that reflect the property’s actual condition. Importance of Seller Disclosures in Real Estate Transactions Seller disclosures play a significant role in real estate transactions.

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Selling a House in Alabama: Expert Tips for a Faster Sale

HomeLight

As buyers wrestle with high interest rates, homes are spending an average of 60 days on the market before getting a signed purchase contract and even longer in some cities. In January, the median number of days a property spent on the market was about 84 days. What does that mean for sellers?

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Due Diligence in Real Estate

AAOA

Due diligence is a critical step in purchasing real estate. Its your chance to check out a property before sealing the deal, ensuring the buyer and seller are fully informed. Either way, due diligence protects your investment, is an integral part, and ultimately gives you peace of mind.

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Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Each state has different requirements , but basically the seller is required to tell the buyer of any known problems with the house. That’s why due diligence on the part of a homebuyer is vital.

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How to Spot Serious Foundation Trouble

Hank Miller Team

The frenzied real estate market of '20-'21 exacerbated the issues found in normal markets. There are more buyers waiving due diligence and purchasing homes "as is" than ever before. This is unwise at best and foolish at worst, when emotion rules the decision making process, bad things happen.

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Ask Brian: Home Buyer Beware

Realty Biz

I’m in the market to buy my first house. As a general rule, the obligation is on the buyer to do their due diligence before closing on the purchase of a property. The first thing you want to do is fully understand the seller disclosure laws that apply to any house that you are looking at.