How to Perform Due Diligence on a Potential Option Property

^^^ver the past 24 years, my real property research credo has evolved into: Trust no one, assume nothing, verify everything, and be prepared for anything! I have learned the hard way not to automatically assume that all of the information contained in the official public records about a property is complete, up-to-date, and 100 percent accurate. It usually is not. The only way to obtain reliable, up-to-date information on a property and its owner is to go directly to the source of the information and then verify it, which is exactly what due diligence is all about. The purpose for performing due diligence on a potential option property is to gather the most up-to-date and verifiable information available in order to make an informed option buying decision. And, given the Internet and the vast amount of property-related information that is readily available online today, there is absolutely no valid excuse for anyone not to perform due diligence on potential option properties before they plunk down their hard-earned money to buy a real estate option. But what I really like most about using the Internet to do research on properties is that I am free to snoop around online in the comfort and privacy of my own home-based office without ever having to deal with the snotty clerks that are all too prevalent in government offices today. In today's wired world, computer-savvy option investors can quickly perform most of their property due diligence research by using their personal computer and an Internet connection linking them to the myriad of web sites that contain information on a property's:

1. Ownership.

3. Sales history.

4. Tax assessed value.

5. Environmental hazards.

6. Crime rate.

7. Demographic information.

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