During the Due Diligence period, buyer shall determine whether or not to exercise buyer' s option to proceed or not proceed with the purchase of the property. If buyer has concerns with the property, buyer may during the Due Diilgence period seek to negotiate an amendment to this Agreement to address such concerns.

 

Buyer may arrange financing, conduct evaluation, inspections, appraisals, examinations, surveys & testing. During this period the buyer may also inspect for active termite infestation, radon and any other concerns they may have with the property.

 

While the process can easily amount to renegotiation of certain terms ofthe contract, the main purpose of the Due Diligence period is for the buyer to determine if the house contains any major issues that would keep them from purchasing the home.

• Set realistic expectations on your purchase. For example, if you have a 20 year old roof, it may need replacing in the near future.
• Do any and all inspections you deem necessary to feel comfortable with buying the home. This includes any home inspection as well as survey, neighborhood inspections, HOA information gathering and school information.
• New properties will not be 100% flaw free.
• Be prepared for sellers to walk away from a buyer that will nitpick an inspection. Be realistic and reasonable.
• Factors that typically affect buyer mindset: radon, termites, mold and structural defects.