When is due diligence typically conducted?

Due diligence is a critical phase in the real estate transaction process that specifically involves researching and evaluating a property before making a commitment to purchase. This process typically occurs before any final decisions are made regarding the transaction, allowing potential buyers to assess important factors such as the property's condition, title, zoning, and any legal or financial issues that may affect the purchase.

Conducting due diligence before making decisions helps buyers make informed choices, mitigating risks and ensuring that they fully understand the investment they are about to undertake. This can include obtaining inspections, reviewing documents, and checking for any liens or restrictions on the property.

While it is true that due diligence may continue in some form throughout the selling process, the primary and most critical phase occurs before making an official offer or finalizing a transaction. Thus, focusing on the due diligence period prior to a decision emphasizes its role in protecting the interests of the buyer.