If you’re in the process of buying a home, you may hear the term “due diligence period.” This is one of the most important parts of the home-buying process. It’s the time period where you can back out of the contract without losing your earnest money or incurring any other type of penalty.
While your Windermere, FL, real estate agent will be able to answer any of your questions about due diligence, it does help to have an idea of what this process is all about.
When Does Due Diligence Happen?
The due diligence period traditionally begins when all of the parties involved have signed the contract. This makes the contract binding and indicates that both the buyers and the sellers of homes for sale in Windermere, FL agree to its terms.