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Bozeman Real Estate Group
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Due Diligence
As soon as you have entered into an agreement with the sellers, you begin the due diligence period. This is the time to do all your investigations regarding the property and your ability to enjoy living in the home.
The most important aspect of the due diligence period is the inspection period. You will want several inspections depending on the property including, but not limited to:
• home inspection
• pest inspection
• well inspection
• septic inspection
• land survey, and others
Your agent will help you navigate these inspections and determine what, if any, repair concessions can be further negotiated with the sellers. At the same time as any inspection issues are being resolved, your buyer’s agent will work closely with your lender to ensure the loan process is moving swiftly along, the lender’s appraisal is being completed and that you are being kept aware of what to expect every step of the way.
By the end of the due diligence period, your agent will have helped you to make sure every aspect of the property has been scrutinized, any repairs have been negotiated and agreed upon, the lender has provided a commitment to lend and you are ready to move onto the final step, the closing!
