Due diligence before buying a property • The Western Weekender

Due diligence before buying a property • The Western Weekender

Buying property is a major financial decision. Whether the property is residential, commercial, industrial, rural or mixed-use, a careful purchaser should carry out proper checks before exchanging contracts or becoming legally bound. These checks are often called “due diligence”. In simple terms, due diligence means finding out as much as possible about the property, its risks, its legal status and its true cost before committing to the purchase…