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What is Due Diligence in Real Estate?

Redfin

Title search and insurance A thorough title search is essential to uncover any potential issues with the property’s ownership. This includes ensuring the seller legally owns the property and identifying any liens, encumbrances, or legal claims against it. >> Read: What is a Home Appraisal?

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Here’s How You Can Make an Offer On a House Without a Realtor® in 9 Steps

HomeLight

There’s more that goes into making an offer besides landing on a purchase price. In some states, an attorney will oversee the closing of the sale instead of a title company; if you’re going it alone, regardless, it’s a good idea to think about hiring one. Step 1: Land on your offer price. Who is the seller? Who are you?