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Frequently Asked Questions

What is “due diligence”?

Q: What is “Due Diligence”? A: “Due Diligence” is the buyer’s opportunity to engage in a process of further investigation of the property and the transaction as described in the Offer to Purchase form within a period of time agreed to by the seller and buyer.

How much should I expect to pay for due diligence?

The amount of the due diligence fee varies between transactions depending on a range of factors, such as the listing price of the home and duration of the due diligence period along with local market conditions. A buyer should also consider the amount of money they can afford to lose if they choose to terminate.

What is due 118 diligence period?

Buyer will, at Buyer ’s expense and within days from Effective Date (“Due 118 Diligence Period”), determine whether the Property is suitable, in Buyer’s sole and absolute discretion, for Buyer ’s 119 intended use and development of the Property as specified in Paragraph 6.

What are the obligations of a buyer during the due diligence?

BUYER SHALL PERFORM ALL INVESTIGATIONS OF THE PROPERTY IT DEEMS NECESSARY DURING THE DUE DILIGENCE PERIOD.


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