The importance of Due Diligence in the house buying process
One of the major differences between renting and owning is assuming the responsibility of property taxes and city compliance requirements. Before entering into our lease with option to purchase contract you want to find out if any outstanding taxes, liens or fines exist on the property so that you can plan ahead for those and avoid any issues with local ordinance. Even if no outstanding fines are found you will learn your city or county’s property regulations and what risks may be run by not complying with local law. This will help you to avoid fines in the future!
We know research can seem a little scary so we’ve created a guide to completing due diligence.
Check out the video to see for yourself – there is nothing scary about knowing exactly what’s going on with your future home!
Due diligence is a simple and painless process that ultimately provides you with peace of mind that you have chosen the correct property. Our friendly consultants are happy to help guide you through the due diligence process. Should you have any questions, please reach out to your assigned consultant.
Properties available through the traditional Lease Option Purchase program offered by Vision are typically sold in an as-is condition. Many of these homes are fixer-uppers, offering potential home owners the opportunity to truly create their dream home while working towards ownership.
If you have started on the path to owning your home through Vision Property Management’s Lease Option Purchase program you may have some questions on the application process and the lease contract.
In today’s market renters are paying a premium without ever having the option to own the home they pour the years and funds into.