Due Diligence Fee

[Adrienne Bryson]

I'm new to REI and another topic brought this to mind...

When my husband and I bought our house (that we live in, not an investment), we paid an earnest money deposit that was credited to us at closing.  We also paid a due diligence fee directly to the seller that was just his, separate from any other transaction.

Do investors pay due diligence fees?  I have it in my contract, but I never hear anyone else talk about it.  I thought it was standard in any purchase.

[Adam Schneider]

@Adrienne Bryson When I'm buying, I pay a DD fee. When I'm selling, I require a DD fee. Because of the NC set up, and EM with a DD time period and no DD fee means the buyer ties up the property with no skin in the game...