Remove Due diligence Remove Principal Remove Real-estate owned
article thumbnail

Buying an Apartment Building: Complete Guide

AAOA

Prepare a personal financial statement and schedule of real estate owned (if applicable). Negotiate with clarity, be firm but respectful, and always leave room for due diligence to confirm your assumptions. Step 5: Conduct Due Diligence This is your opportunity to verify everything the seller claimed.

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? Due diligence period. What if your clients are asking about their due diligence period? Original principal balance. How to Get a Real Estate License in 5 Simple Steps.