Real Estate Due Diligence – Enhanced decision-making with risk minimisation.
Real Estate Due Diligence (REDD) is the systematic auditing of real estate by specialists using recognised methods of analysis, culminating in the presentation of results in a Real Estate Due Diligence Report (REDDR). The areas covered by the audit are:
- Market due diligence
- Legal due diligence
- Tax due diligence
- Technical due diligence
- Environmental due diligence
- Financial due diligence
Real Estate Due Diligence – New wine in old bottles?
- Real estate purchases have always been audited.
- Real Estate Due Diligence is a systematic real estate audit.
- Everyone had their own manner of auditing, methodically or haphazardly.
- Real Estate Due Diligence is project management.
- In addition, audits were invariably conducted solely from the expert’s perspective.
- Real Estate Due Diligence addresses buyers, vendors and other partners to the transaction such as banks and financial investors in their capacity as lenders.
- Conventional real estate audits do not disclose the procedure or any of the data.
- Real Estate Due Diligence makes real estate projects more transparent for all parties concerned.