Which is a common due-diligence step a buyer should perform before closing?

Which is a common due-diligence step a buyer should perform before closing?

• A. Home inspection
• B. Apply for mortgage after closing
• C. Sell to a third party
• D. Ignore property boundaries

Answer: (A)

During the home-buying process, buyers perform checks to uncover issues that could affect value, safety, or future costs before finalizing the purchase. A home inspection is a thorough evaluation by a licensed inspector of the property's major systems and components—structure, roof, plumbing, electrical, HVAC, and important safety concerns. It helps reveal defects or needed repairs that aren’t obvious at first glance, giving the buyer leverage to negotiate fixes, credits, or even reconsider the deal if serious problems are found. This step is done before closing precisely to avoid surprises after ownershipTransfer. Applying for a mortgage after closing isn’t practical because financing should be secured and confirmed before the deal closes, ensuring the lender will fund the purchase. Selling to a third party isn’t a pre-closing due-diligence step for the buyer; it’s an action taken after or outside the purchasing process. Ignoring property boundaries is risky and not a due-diligence practice; buyers typically verify boundaries through surveys or title checks to prevent encroachments or disputes.

During the home-buying process, buyers perform checks to uncover issues that could affect value, safety, or future costs before finalizing the purchase. A home inspection is a thorough evaluation by a licensed inspector of the property's major systems and components—structure, roof, plumbing, electrical, HVAC, and important safety concerns. It helps reveal defects or needed repairs that aren’t obvious at first glance, giving the buyer leverage to negotiate fixes, credits, or even reconsider the deal if serious problems are found. This step is done before closing precisely to avoid surprises after ownershipTransfer.

Applying for a mortgage after closing isn’t practical because financing should be secured and confirmed before the deal closes, ensuring the lender will fund the purchase. Selling to a third party isn’t a pre-closing due-diligence step for the buyer; it’s an action taken after or outside the purchasing process. Ignoring property boundaries is risky and not a due-diligence practice; buyers typically verify boundaries through surveys or title checks to prevent encroachments or disputes.