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Understanding the Due Diligence Period in South Carolina

Updated: Sep 12

The Due Diligence Period is a negotiated time frame (usually starting the day after the contract is signed) where the buyer has the right to investigate the property and decide whether they want to move forward with the purchase. Think of it like a “get-to-know-the-house” phase—without any penalties for walking away, as long as it’s within the timeframe and you give written notice.


What Can You Do During Due Diligence?


This is your window to dig into everything that could impact your decision to buy. Here are some of the most common things buyers do during this period:


  • Hire a licensed home inspector

  • Schedule termite, radon, or mold testing

  • Check the zoning or deed restrictions

  • Review HOA rules or fees

  • Get contractor quotes for repairs or renovations

  • Double-check school zones or commute times

  • Verify flood zone status or insurance rates


Basically, you’re making sure the home fits your expectations—and budget.


Can You Back Out During Due Diligence?


Yes, and that’s the whole point. If you uncover something that doesn’t sit right with you—or even if you just get cold feet—you can back out during the Due Diligence Period and only forfeit the Due Diligence Fee (if one was agreed upon). You won’t lose your Earnest Money Deposit. Just make sure any termination is done in writing before the period ends.


How Long is the Due Diligence Period in SC?


It’s negotiable, but commonly ranges from 7 to 14 days. Your agent (that’s where I come in!) can help guide what’s appropriate based on the home and the market conditions.


Tips for a Smooth Due Diligence Process


  1. Act fast. Get inspections scheduled early to leave time for follow-ups or quotes.

  2. Work with pros. Use reputable inspectors and contractors.

  3. Keep communication open. Stay in touch with your agent so nothing slips through the cracks.

  4. Know the deadline. Missing it could lock you into the contract, whether you’re ready or not.


The Importance of the Due Diligence Period


The Due Diligence Period is your safety net—it protects your investment and gives you peace of mind before taking the big step of closing on a home. This phase allows you to gather all the necessary information about the property, ensuring that you make a well-informed decision.


Final Thoughts


If you're buying a home in South Carolina, especially around the Charlotte area or nearby, let’s talk about how to make this process work for you. I’ll guide you through every step with clear advice and honest insight.


Have questions about due diligence or buying in SC? Reach out anytime.


📞 980-289-7900



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