Due Diligence Checklist

Buyer's Due Diligence Period: During this critical phase, as the Buyer, you have a designated timeframe to thoroughly assess the property, scrutinize its condition, and make an informed decision regarding its suitability. Typically, this window spans 2-3 weeks from the date of contract acceptance.  YOU have the ability to negiate this in your contract.  It is known as the Buyer Due Diligence Deadline.

Key Actions to Take as a BUYER:

  1. Meticulously examine all materials provided in the Seller's Disclosures.
  2. Arrange for comprehensive physical inspections, tests, and evaluations as deemed necessary.
  3. Confirm the property's eligibility for nightly rentals, especially if it aligns with your objectives.
  4. Delve into the details of homeowner's insurance, including costs, terms, and availability for the property.  Another good thing to do is ask your realtor to get a estimate on the last 12 months of utilitiy costs so you can start estimating your new expenses.
  5. Call around to find out different schools, religious groups, church's classes, and HOA amenities as well.

This period is pivotal for gathering crucial information and ensuring your investment aligns with your expectations. Click on each numbered item below for more information and next steps!

1. BUILDING CODE/ZONING COMPLIANCE
2. RENTAL OF PROPERTY
3. HAZARDOUS WASTE AND TOXIC SUBSTANCES
4. RADON GAS
5. SURVEYING AND STAKING
6. HOME WARRANTY PLANS
7. FLOOD ZONE AND INSURANCE
8. HOMEOWNERS INSURANCE
9. TITLE ISSUES/HOMEOWNER'S ASSOCIATION
10. PHYSICAL CONDITION
11. SQUARE FOOTAGE/ACREAGE
12. UTILITY SERVICES
13. WATER
14. GEOLOGIC CONDITIONS
15. MOLD