Why is due diligence so important when buying real estate?
In the real estate market, due diligence refers to the investigation carried out before the transaction and makes it possible to ascertain the risks of the deal.
The process involves a legal, financial and environmental audit and an analysis of documents relating to the property and the seller, in order to identify any possible pending issues or irregularities that could affect the purchase.
With this information in hand, it is possible to negotiate a better price or even withdraw from the deal, avoiding possible losses in the future.
In an interview with Casa e Jardim magazine, Leonardo Cotta Pereira, the firm’s head of corporate affairs, explained the details of the issue.
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