A property purchase should never proceed on trust alone. Due diligence protects the buyer from defective title, encumbrances, fraud, boundary issues and incomplete completion documents.
Important checks include an official search, review of the title history, rates and rent status where applicable, consents, identity verification, survey considerations, completion timelines and the seller's capacity to transfer.
The agreement for sale should clearly state the purchase price, deposit handling, completion documents, default consequences and the advocate stakeholder obligations. A careful process reduces the risk of expensive disputes after completion.
Important checks include an official search, review of the title history, rates and rent status where applicable, consents, identity verification, survey considerations, completion timelines and the seller's capacity to transfer.
The agreement for sale should clearly state the purchase price, deposit handling, completion documents, default consequences and the advocate stakeholder obligations. A careful process reduces the risk of expensive disputes after completion.