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Due Dilligence and what does it mean?
Posted on July 5th, 2007 No commentsWhat does it mean to have Due Dilligence? In a nutshell you are allotted so much time to inspect a home from top to bottom. This time period begins after you have agreed to terms on price with the seller. I really can’t think of anything more important in the whole process of buying a home than that of properly utilizing the Due Dilligence period. From the time you come to terms with the seller, lets say you have 14 days. Due Dilligence. (If your realtor played his cards right, there was a blurb that said weekends and holidays dont count against you). You now have 14 days to discover the good, bad and ugly that may not be so obvious to the naked eye. You will want a home inspection, a termite inspection, a personal inspection of the neighborhood on weekends and nights, you will speak to law offices and conduct mold inspections and I think you get the point. From these inspections, some things the Sellers may can fix, somethings they can’t. After you have closed the deal is NOT the time to say. “My realtor didn’t tell me to get a termite inspection,” my Realtor didn’t tell me that the High School band marched down my street every Friday before football games. Yes, the seller and Realtors have an obligation to disclose what they know. Utilize your Due Dilligence period to discover what they may not know. For more terms concerning Real estate go to www.callcamdenhome.com �


