The Traditional Buying Process is Emotion-Based.
The current market lacks transparency, forcing many to buy based on limited information. This creates a dangerous blind spot where mistakes happen—overpaying, underestimating repairs, or missing hidden liabilities. In real estate, small errors have huge costs. A safe transaction allows you to investigate the facts before you close.
This is called due diligence.
Don’t Skip Due Diligence.
It sits at the core of every smart real estate purchase. Yet in today’s emotional market, it’s the first thing buyers eliminate.
What is Due Diligence?
Formally defined, due diligence is the investigation and exercise of care that a reasonable person is expected to take before entering into an agreement or contract.
How it is used in Real Estate:
In our industry, the “due diligence period” is a specific timeframe provided in the sales contract. It is your protected opportunity to fully examine the property, verify the seller’s claims, inspect the physical condition, and confirm the financial numbers before your money is fully at risk.
Unfortunately, in today’s emotion-driven market, many buyers are not fully educated on what due diligence is and how to properly navigate through it. As a buyer, you need to fact-find because real estate is inherently an inefficient marketplace. Information about a specific property is not readily available and is not always easy to find. Therefore buyers need adequate time to investigate before moving forward with a real estate purchase.
What You Need Answered
A BPO report gives you the data to answer these questions with a “Yes” or “No”.
For Homebuyers
- Is it really worth the price?
- Are the needed repairs feasible in today’s market?
- How does this sale compare to others in the market given its current condition?
For Investors
- Will it rent for what you think?
- What is the budget to get this home market ready?
- Will it resell in the future for what you believe?
The Smart Order of Buying
Only after you have had reasonable time to test your initial assumptions with facts should you move forward with other critical buying steps.
Fact-Check First
Why here? It is accessible and affordable.
A Broker Price Opinion allows you to verify value, rent, and condition tiers before you spend big money. It is the first step in completing your due diligence.
Inspections & Loans
Why later? These are costly and time-intensive.
Ordering a full property inspection and securing a loan take time and money. Don’t do this until you’ve passed Step 1.