Typically 10–30 days on residential, 30–60+ on commercial. Waive DD at your peril: it's the only time you can walk with your EMD intact.
Process & Closing
Due Diligence (DD)
The buyer's investigation period after contract — inspections, financials, title, environmental, zoning.
More in Process & Closing
- Proof of Funds (POF)— A bank or investment statement showing you have the cash needed to close.
- Earnest Money Deposit (EMD)— A good-faith deposit sent to escrow when your offer is accepted — typically 1–3% of purcha…
- Escrow— A neutral third-party account holding funds and documents until all closing conditions are…
- Title Insurance— One-time insurance policy protecting against defects in a property's title (liens, forgery…
- Closing Costs— All the third-party and lender fees due at closing — typically 2–5% of purchase price.
- Property Inspection— Physical walk-through by a licensed inspector who reports on the condition of major system…