Best to Use the Checklist Method When Performing Property Due Diligence Research

I can trace my fondness for checklists back to my days as a Marine Corps recruit at Parris Island, South Carolina, where checklists were used extensively by drill instructors to keep track of everything from weapons to bedsheets. And from that time on, I have been hooked on checklists! As far as I am concerned, the checklist method is the fastest and most efficient way to perform the following due diligence searches on potential option properties:

1. Property records search: Check your county property appraiser or assessor's property records for ownership, sale, and tax assessment information.

2. Property tax records search: Check your county tax collector's property tax records for tax payment information.

3. Comparable sales search: Check your county's property records for recent sales of comparable properties during the past six months.

4. Neighborhood crime search: Check the crime risk rating for the property's address with local law enforcement agencies.

5. Flood zone map search: Check the property's address on federal flood maps to determine whether it is located in a flood zone.

6. Hazardous waste search: Check the property's address for environmental hazards with local, state, and federal environmental protection agencies.

7. Demographic data search: Check demographic data for the property's address with local state and federal agencies.

8. Code violation search: Check the property's address for code violations with your local code enforcement department.

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