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Doing Your Due Diligence Before Buying Real Estate

Due Diligence is when you investigate every detail surrounding a purchase of any kind of real estate. You should do your due diligence before and after you make your offer but before you close on the property.

Your first step is to examine the ownership information. This can be done at the local courthouse or land transfer office. Documents such as deeds, liens, plans and easements can be checked out here. You can also check out this info online at sites such as www.realquest.com and www.searchsystems.net.

If you are buying new, then check out the builder thoroughly. Go to the construction site and ask questions. You can also check out your local Better Business Bureau for background on the builder.

At the local municipal office you can get info on development plans, highways and roadways and whether the property is prone to flooding.

Check out zoning regulations in the area you are purchasing in. You might need to know about ordinances.

This info is also available at the municipal offices.

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