Due diligence
Due diligence is the investigation you do before an offer goes unconditional — building inspection, LIM, title review, finance, insurance, and the numbers.
A due diligence condition in your offer buys you a set period (commonly 10–15 working days) to verify everything. The standard checklist: builder's report, LIM, title search and instruments (easements, covenants), insurance availability, rental appraisal, finance approval, and body corporate records if unit title. The discipline is walking away when something fails — the fee for reports is cheap compared to owning the problem.
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