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JEROME GERAGHTY

GLO specializes in Real Estate and Business Law, including Real Estate Transactions, Buying and Selling a Home, Real Estate Investment and Landlord Issues; Business Formation and Development; and Contractor Issues and Mechanics’ Liens

 

Real Estate Due Diligence: Protecting Your Rights and Navigating to Closing

What is Due Diligence in Real Estate?
Due diligence in real estate is the process in which buyers thoroughly investigate all aspects of a property during the contract period. This ensures buyers gain a full understanding of the property and can make informed decisions before closing. Key elements of due diligence include:

  • Financial and Maintenance Documents: Reviewing ongoing costs, maintenance history, and any existing financial obligations tied to the property.

  • Physical Condition: Assessing the property’s structure, systems, and identifying potential repairs or improvements.

  • Insurance Documents: Verifying insurability and understanding potential costs or risks.

  • Land and Environmental Factors: Examining the land on which the property is built, potential zoning issues, and environmental hazards.

  • Surrounding Areas: Evaluating the neighborhood, schools, amenities, and potential external impacts.

How GLO Supports Buyers and Sellers in Due Diligence

GLO provides tailored consultations to help buyers and sellers navigate the complexities of real estate transactions. Whether raising objections, negotiating resolutions, or seeking guidance, GLO works to protect your rights and minimize liability.

Services for Buyers

  • Property Inspection Issues: Guidance on requesting repairs, financial concessions, or price reductions. Legal advice ensures objections, counteroffers, and amendments are handled effectively to protect your interests.

  • Review of HOA Documents: Analysis of homeowners’ association rules, restrictions, and financial health to prevent surprises post-purchase.

  • Title Issues: Consultation on title defects or concerns to ensure a clear property transfer.

  • Loan and Financing Concerns: Assistance with understanding financing terms and addressing potential obstacles.

  • Survey and Land Use Analysis: Review of surveys and land details to confirm property boundaries and zoning compliance.

  • Existing Tenants and Estoppel Statements: Review of tenant agreements and estoppel certificates to clarify occupancy and rights.

  • Disclosure Issues: Analysis of required disclosures to ensure compliance and transparency.

Services for Sellers

  • Responding to Inspection Requests: Assistance with evaluating repair requests or concessions and strategic guidance on counteroffers.

  • Liability Minimization: Identifying ways to reduce legal and financial risks during the transaction.

  • Transaction Smoothing: Ensuring clear communication and compliance with contractual obligations.

Why Work with GLO?

Real estate transactions are complex, and due diligence provides the opportunity to uncover potential issues and negotiate solutions. Whether reviewing inspection reports, analyzing HOA or title documents, or resolving financing concerns, GLO brings the legal expertise needed to protect your interests and ensure a seamless process.

Contact GLO today to consult on your due diligence needs and confidently take the next step in your real estate transaction.

EXPLORE OUR CLIENT REVIEWS

Take a moment to read what our clients have said about their experience working with GLO.

 

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