26 Doing your Due Diligence (don’t skip these steps!)
We run through the due diligence steps you NEED to take when you’re buying a property. Due diligence (or “DD”) is the investigation of every aspect or feature of a property which could impact its value and suitability.
Aside from figuring out how much a property is worth (which we covered in episode 25), due diligence includes our council investigations, checking the zoning & overlays, cross checking the property with our mortgage broker (and making sure our pre-approval is still valid!), arranging a contract review by our legal rep, and our building & pest inspection.
We discuss HOW to do your DD, WHEN to do it, and why it’s SO important.
Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental