Skip to main content

Posts

Showing posts with the label perform due diligence

Your First Home: Step 6-Perform Due Diligence

So by now, you have found your house and have reached an initial agreement with the seller. To close the deal though, you must remove contingencies. But how do you feel comfortable enough to remove them? You do due diligence. If you discover a reason you should not be purchasing this house in doing due diligence, you are saving yourself a lot of heartache and money and removing yourself from the transaction while you are still able to. One of your first major inquiries will be for: homeowners insurance and property inspections. While this may cause another round of negotiations-these steps are to protect you the buyer. In regards to your home owners insurance policy, here are some things to think about: 1.       How much coverage do you need? 2.       Replacement cost or actual cash value? 3.       What the named and unnamed perils? 4.       Do you need personal property ins...