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Due Diligence

by Alice
(Michigan)



I always hear make sure you do your due diligence on any property you are considering. What exactly is this and how can I make sure I do it correctly. Thank You

=====ANSWER=====

Hello Alice,

I'm from Michigan also. You must be my neighbor!

What a great question you are asking. When a person is going to do their "Due Diligence" when considering buying their first home, it all starts with what is called "curb appeal".

In other words, how do you like the look of the house from the curb? How do you like the neighborhood? Is the house in a nice bedroom community? Is it on a busy street? How about a corner lot?

Houses on busy streets and corner lots are probably the least preferred.

As far as property value, the Realtor can help you with this. Taxes need to be considered, utilities and their cost.

How are the schools? Is it close to shopping? Then you might even consider a home inspection if it passes these tests.

That's just a few ideas of the due diligence process. By doing this, over time you get a feel for the house and if the pros outweigh the cons then you may want to make an offer on it.

Hopefully this is helpful.

Regards,

Jeff

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Property Due Diligence
by: Ramona

I always wondered what people meant by the phrase "do your due diligence". Now I have a better understanding! Thanks!

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