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This may be the single most important concept a first-time buyer learns.
Due diligence means:
Do not buy the house based only on how it made you feel during a 25-minute showing.
Once your offer is accepted, the transaction may provide an opportunity to investigate the property according to the contract.
This is when the pretty house becomes an actual asset under review.
START WITH THE HOME INSPECTION
Lisa strongly encourages buyers to understand the physical condition of the home.
The general inspector may evaluate accessible visible systems and identify concerns.
Then specialized inspections may be appropriate.
The inspector says:
“Possible roof concern.”
Lisa does not say:
“Looks fine to me.”
She says:
“Let's get the appropriate professional involved.”
READ THE SELLER DISCLOSURE
Actually read it.
If the seller identifies:
- Past roof leak
- Plumbing repair
- AC problem
- Insurance claim
- Other issue
ask questions.
Disclosure is information.
Use it.
GET PROPERTY DNA
Lisa can request a free Property DNA report.
This provides another layer of available property information.
It does not replace official title work, inspection or appraisal.
It gives you more information to compare.
REVIEW HOA INFORMATION
If the property is in an HOA, you are not merely buying the home.
You are buying into a community governed by association rules and financial obligations.
Review:
- Assessments
- Rules
- Rental restrictions if relevant
- Parking
- Architectural requirements
- Financial information provided through the resale process
Do not wait until closing to discover the rule that directly conflicts with your plans.
Learn how to research an HOA before buying.
RESEARCH THE LAND AROUND YOU
That gorgeous empty desert behind your house may not remain empty forever.
Lisa can help identify the parcel.
Check:
- Ownership
- Zoning
- Planning applications
- Current development information
Never pay a huge premium for a “forever view” based solely on neighborhood gossip.
See how to research future development and zoning before buying.
CHECK INTERNET IF YOU WORK REMOTELY
A beautiful home without the internet service your job requires is not a beautiful home for you.
Verify service at the exact address.
LOOK AT INSURANCE EARLY
Do not wait until closing week to discover that insurance is:
- Unexpectedly expensive
- Difficult to obtain
- Subject to a property-condition issue
Start with when to get homeowners insurance.
CHECK PERMITS WHEN SOMETHING LOOKS ADDED
Garage conversion?
Casita?
Room addition?
Investigate.
Research unpermitted additions, converted garages and casitas before you value the space.
THE QUESTION AT THE END OF DUE DILIGENCE
After collecting everything:
Knowing what I know now, do I still want to own this property at this price and on these terms?
That is the entire point.
