"Don't confuse 'strict confidentiality' with 'keeping employees in the dark.' Private is useful. Secretive is deceptive." Stacy Feiner - from her book Talent Mindset.
One of the most important procedures that takes place prior to the closing in any real estate transaction is the due diligence process. The due diligence process typically takes place once the purchase agreement is signed by the parties, but the due diligence process may also begin prior to the execution of the purchase agreement depending on the transaction. While there are many different types of due diligence that can occur, this post will cover three specific areas: (i) title review; (ii) environmental review; and (iii) physical inspections.