Due Diligence and the Closing Process - 3 HR CE LIVE ONSITE Duluth

Tuesday, September 29th 1PM - 4PM

3 Hour CE - LIVE ONSITE - Virtual Properties Realty

2750 Premiere Parkway, Suite 200, Duluth, GA 30097

"Due Diligence and the Closing Procedure"

Due diligence period is often called a study period, feasibility period or a free look. Regardless, this is a very important time for both the buyer and the seller and can be a tense period of surprises and decision-making.

Contract due diligence noted in our GAR F20 Purchase and Sales Agreement is a buyer’s obligation to thoroughly conduct an investigative research, discovery and verification details such as reviewing a property inspection, identify code violations, explore financing options, examine the property title, study the community association management company’s CC&Rs, verify taxes and insurance, maintenance records, leases, property value, etc. Remember due diligence is not the same as seller disclosure.

Prior to the expiration of Due Diligence, the buyer may either propose a solution to the seller with an addendum to the real estate contract or cancel the purchase, according to the terms of the contract.

Additional research and discovery understanding should include:

• Property legal description; Using GSCCCA.org website
• Property condition, HOA, school district
• eSignatures
• Contingencies
• Title: Quick Claim Deed; Holding Title in an LLC, Inc. Partnership, Corporation,
• Trust
• Canceling and Transfer of Deeds; Foreclosure, Divorce
• Security Deed and Power of Attorney
• General vs Limited Warranty Deed, Title Insurance
• Survey, Plats and Master Plans
• Probate and Will
• Due diligence in buying commercial
• Working with real estate attorneys

Due diligence is key buyers need to know what they are getting.

3 Hour In Class | Continuing Education Course

My CE Class, LLC #2914 | www.classeswithcathymcdaniel.com | classeswithcathy@gmail.com