Skip To Content

What is a Due Diligence Fee?

So you’ve found the perfect house and you’re ready to make an offer.  What in the world is this Due Diligence Fee I have to pay?
When you make an offer on a house, a due diligence fee is a specific amount of money that the buyer is willing to give the seller in exchange for them taking the house off the market and allowing the buyer a certain period of time to perform their due diligence on the property. That period of time can vary but 3 weeks is pretty typical.   It’s during the due diligence period where a buyer will do a home inspection, a termite inspection, a radon inspection, or any other inspections that may be necessary. It’s during this timeframe, that your lender will also do the appraisal.
Click Here to watch the video

Trackback from your site.

Leave a Reply