2006-07-12 15:57:03 · 3 answers · asked by Joy22 2 in Business & Finance ➔ Renting & Real Estate
The following does not constitute legal advice and you are strongly recommended to seek the advice of an attorney in your community.
Generally "due diligence" refers to the investigation you will want to make before purchasing any real estate. There are many companies who for a fee will perform due diligence investigations on your behalf. These investigations include but are not limited to checking on zoning, permits, any citations for safety problems with a building, performing an inspection of the property to identify potential risks including upcoming costly repairs which you may face with the purchase of the property.
In most cases you will make an offer to purchase a property. If the offer is accepted you will be given a short period of time to perform your due diligence investigation as identified above.
Hope that is helpful
NotaryLawyerS.com
2006-07-12 16:04:33 · answer #1 · answered by ocean11law 2 · 1⤊ 0⤋
if you are going to purchase any property, then you should check all aspect that may cause a risk for you , of buyer.
for example :
if you are going to purchase a land then checking all thing related to your land with prospective of buyer, ie gas? electricity? utilities that tell you your seller or checking all about seller is that true real-tor or something like that.
if you want to investigate your real-tor come at www.safehirings.com or check
http://safehirings.com/business-due-diligence-services.php
2013-12-19 08:29:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Investigate every aspect o the purchase./ Conduct 'due dilligence'.
2006-07-12 23:00:57 · answer #3 · answered by homerunhitter 4 · 0⤊ 0⤋