What is Due Diligence in Real Estate Transactions?
Due diligence is a critical process in real estate transactions where the buyer investigates the property to ensure there are no hidden issues. This process includes inspecting the property, verifying the title, checking for any liens or encumbrances, and ensuring compliance with zoning laws. For businesses, due diligence is vital to avoid unforeseen problems that could affect the value or usability of the property.