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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

It's important to note that real estate contracts and laws change depending on what state you are in. During this time, there are many things that a buyer needs to accomplish such as inspections, appraisals, securing their financing, and title searches. Inspections are an expense that is paid by the buyer.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

As you might expect, it didn’t take long for both John and Suzy’s parents to hire a law firm and start going after all the real estate professionals involved. However, let’s continue with the scenario in which the structural engineer is not hired to inspect the foundation until after Jim has completed his appraisal assignment.