Due Diligence Deep Dive
Due diligence is the process of thoroughly evaluating a property before committing to a purchase. It is a crucial step in the process of buying a property, and it can help to ensure that you are making a sound investment. A due diligence deep dive is a more in-depth evaluation of a property that typically takes place after a purchase agreement has been signed and the property is under contract.
The due diligence deep dive typically includes a thorough review of all relevant documents and information about the property, such as the purchase and sale agreement, title documents, survey, environmental reports, and any other relevant reports or studies. It may also include inspections of the property, such as a physical inspection, a roof inspection, and a plumbing inspection.
The goal of the due diligence deep dive is to identify any potential issues or risks with the property that could affect the value or viability of the investment. If any issues are discovered during the due diligence process, the buyer may be able to negotiate with the seller to address the issues or to adjust the purchase price accordingly.
Once the due diligence deep dive is complete and any necessary negotiations have been completed, the buyer can move forward with the closing process, which typically involves signing the final purchase and sale agreement and transferring ownership of the property to the buyer.