How to complete due diligence before making an offer Buying a property is one of the biggest milestones in life and also one of the most complex. It’s easy to fall in love with a home after the first inspection, but before you rush into making an offer, it’s essential to pause and complete due diligence. Due diligence is the process of researching, checking, and verifying all the important details about a property before committing to buy. It’s how you protect yourself from hidden risks and make sure the property truly aligns with your goals. At Okaeri Buyers Advocates, we believe that due diligence is what transforms a good purchase into a great one. Here’s our complete guide on how to do due diligence before making an offer, including a practical checklist to help you buy with confidence. 1. Research the market and suburb Before you even look at a single contract, understand the market you’re buying into. This helps you recognise fair value and avoid overpaying. Key steps: Why it matters:Knowing the local market gives you confidence when negotiating. You’ll also be able to spot opportunities and identify when a listing is overpriced. 2. Review the contract of sale One of the most important parts of property due diligence is reviewing the legal documents. Before you submit an offer, always request the Contract of Sale. What to check: Tip: Have your conveyancer or property lawyer review the documents before you sign anything. They’ll identify red flags that could affect your ownership or resale value later. 3. Inspect the Property A home can look perfect online, but inspections reveal what photos don’t. Conduct at least one detailed inspection and if you’re serious, invest in professional reports. At your own inspection: Professional inspections to arrange: Why it matters: These reports give you peace of mind and can be used as leverage in negotiations if issues are found. 4. Assess your financial position Before making an offer, ensure your finances are in order. This step isn’t just about affordability, it’s about strategy and readiness. Checklist: If you’re buying as an investor, analyse rental yield, vacancy rates, and capital growth potential. Knowing your financial limits protects you from emotional overbidding. 5. Understand the sellers motivation Learning about the vendor’s situation can give you a strategic edge when negotiating. …
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