What due diligence actually covers
The bottom line
Title, LIM, building report, finance, insurance and the agreement itself, all before the condition date.
Due diligence is the window between signing and going unconditional. In it we review every interest on the title, read the LIM from council, go through the building report with you, confirm the bank has approved the property, check insurance, and bring it all together in a reporting letter.
At the end you confirm, renegotiate or cancel. After that point, problems are yours.
Read this
Don't buy your first home without this
Do this
Read the due diligence FAQ and note which items are yours to organise
Check yourself
What are the main items reviewed during due diligence?
Title, LIM, building report, finance, insurance and the agreement.
What are your three options at the end of due diligence?
Confirm, renegotiate or cancel.
Who orders the building report?
You do, with a report that you choose and pay for.
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