Chayse and Sam talk through the importance of digital due diligence and then outline the tools and necessary steps and strategies to perform fast, and consistent, due diligence that all happy buyers should follow ahead of purchasing a property.
Key Takeaways:
Due diligence is a critical aspect of home buying that involves researching unseen elements of a property such as easements, flood risk, and many other potential risk factors or property constraints.
Building and pest inspections, Develo reports, and body corporate searches are pivotal in uncovering potential issues and reducing the risk of future surprises and expenses.
Knowing the ins and outs of a property—including possible objections to its sale—makes for a more comfortable and financially worthwhile future resale opportunity.
Before making an offer, it is advisable to seek a solicitor’s advice for contract reviews and if buying a unit, to obtain the most recent AGM minutes from body corporates.
