Quote from @Bob Stevens:
Quote from @Laura Siclari:
Real estate investor looking to expand into new markets in other states. I became aware that North and South Carolina have this practice of requiring due diligence fees that are included with the offer and are paid to the seller and are non-refundable if the deal doesn't close (subject to a few exceptions). Do any other states require due diligence fees? It's not a practice I've dealt with before.
Why would an experience investor need to do DD? You walk it, assess what is needed make the offer " as is " and negotiate?
I think you're mistaking my question. It's not whether you need DD, it's whether the state requires the payment of a non-refundable DD fee regardless - separate and apart from EMD. In any event, I think I got my question answered. It seems to be a practice limited to the states of NC and SC.
