Episode 6: What is the Due Diligence Process for a House?
In this episode of Rock the Closing, real estate attorneys Dalia and Orsolya dive deep into the due diligence process for purchasing a house. Unlike condos or co-ops, buying a standalone house involves a unique set of inspections, reviews, and checks to ensure that you are making a sound investment. They guide you through each step, from the initial buyer’s impression to the final title insurance review. Whether you’re a first-time homebuyer or a seasoned property investor, this episode will equip you with the knowledge needed to confidently navigate the due diligence process.
IN THIS EPISODE, YOU’LL LEARN:
The Importance of Buyer’s Impression: How your initial walkthrough sets the foundation for your due diligence process.
Inspection Process: Why hiring a professional inspector is crucial and what they look for in a house.
When to Involve Architects and Structural Engineers: Understanding the optional but beneficial role of these experts in evaluating the home’s structural integrity.
Understanding Property Surveys: How a property survey helps delineate your property’s boundaries and why it’s important.
Ownership History and Deed Verification: The significance of reviewing a property’s ownership history and ensuring the seller’s legitimacy.
The Role of Title Insurance: How title insurance protects your investment by ensuring you receive a clean title.
This episode is packed with essential tips and insights to help you make an informed decision when purchasing a house. Tune in to ensure your next home purchase is a smooth and secure process!
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Music Credits
Music by SoundHills, Beautiful Minds. Find more at https://protunes.net/
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Disclaimer:
Thank you for tuning in to RTC! This podcast is hosted by real estate attorneys, who offer valuable insights. Please remember that the content is for educational purposes only and does not constitute legal advice. Always consult a qualified professional before making any decisions. This podcast is copyrighted by Rock the Closing, and any reproduction, syndication, or rebroadcasting of the content requires written permission.
