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The due diligence phase, and where deals fall apart<\/em><\/p>\n Buying real estate is one of the biggest financial decisions most people will make.<\/p>\n One of the most common questions I get from buyers is: Let\u2019s walk through it.<\/p>\n In most cases, accepted offers come with\u00a0subjects<\/strong>. Every transaction is different, but here\u2019s a practical breakdown so you know what to expect.<\/p>\n Typical subject period:<\/strong> This can be longer if:<\/p>\n Most offers include some combination of:<\/p>\n First step is sending the accepted offer to your mortgage broker or lender.<\/p>\n Approval timelines vary:<\/p>\n Factors that affect timing:<\/p>\n In most cases, the lender will also require an\u00a0appraisal<\/strong>\u00a0before final approval.<\/p>\n Inspection is usually scheduled early in the process.<\/p>\n In theory, buyers prefer to confirm financing first before paying for an inspection. What matters here is not just the report, but interpretation:<\/p>\n Any repair negotiations happen\u00a0before subject removal<\/strong>.<\/p>\n This is where most buyers feel overwhelmed.<\/p>\n There can easily be hundreds or even thousands of pages.<\/p>\n A practical way to approach it:<\/p>\n Start with:<\/p>\n Then dig deeper if needed.<\/p>\n Most important: Your realtor should walk you through the basics of the title:<\/p>\n For anything technical, your lawyer or notary should review it before subject removal.<\/p>\n The\u00a0PDS (Property Disclosure Statement)<\/strong>\u00a0is more straightforward. This step is getting more important.<\/p>\n Insurance premiums have increased significantly in recent years.<\/p>\n We strongly recommend buyers:<\/p>\n This avoids surprises right before subject removal.<\/p>\n Deposit is typically due\u00a0after subject removal<\/strong>, often within 24 hours.<\/p>\n Once subjects are removed and deposit is paid: From here, things move into closing preparation:<\/p>\n This is the part most people don\u2019t talk about.<\/p>\n This is the #1 reason deals collapse.<\/p>\n Not speaking to a mortgage professional early enough can lead to:<\/p>\n Which means walking away from a home you already mentally committed to.<\/p>\n An inspection report will always find issues.<\/p>\n The key is knowing the difference between:<\/p>\n If the issues are significant, buyers need to reassess whether to proceed.<\/p>\n This is the quiet deal breaker.<\/p>\n Questions to ask:<\/p>\n A well-managed building may still have levies, and that\u2019s not necessarily a red flag.<\/p>\n But poor maintenance and deferred repairs can lead to much bigger costs later.<\/p>\n This entire phase is about one thing: It\u2019s not just about checking boxes. If you\u2019re thinking about buying and want to understand how this applies to your situation, feel free to reach out. Happy to walk you through it.<\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" What Actually Happens After Your Offer Gets Accepted (Part 1) The due diligence phase, and where deals fall apart Buying real estate is one of the biggest financial decisions most …<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/1277"}],"collection":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/comments?post=1277"}],"version-history":[{"count":3,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/1277\/revisions"}],"predecessor-version":[{"id":1281,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/1277\/revisions\/1281"}],"wp:attachment":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/media?parent=1277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/categories?post=1277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/tags?post=1277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n\u201cWhat actually happens after my offer gets accepted?\u201d<\/strong><\/p>\n
\nToday we\u2019ll focus on that scenario, what happens between\u00a0offer acceptance and subject removal<\/strong>, also known as the\u00a0due diligence period<\/strong>.<\/p>\n
\nTimeline<\/h2>\n
\n5 to 7 business days<\/p>\n\n
\nThe Core Subjects<\/h2>\n
\n
\nWhat Actually Happens During Those 5\u20137 Days<\/h2>\n
1. Financing<\/h3>\n
\n
\n
\n2. Inspection<\/h3>\n
\nIn reality,\u00a0good inspectors get booked quickly<\/strong>, so we often secure a time slot right after acceptance.<\/p>\n\n
\n3. Strata Document Review (if applicable)<\/h3>\n
\n
\nDo not leave this until the last day.<\/strong>
\nYou need buffer time to ask questions to the listing agent or strata manager.<\/p>\n
\n4. Title Search + PDS<\/h3>\n
\n
\nThink of it as the seller\u2019s understanding of the property, presented in a questionnaire format.<\/p>\n
\n5. Insurance<\/h3>\n
\n
\n6. Deposit<\/h3>\n
\nthe deal becomes firm and binding.<\/strong><\/p>\n
\n7. After Subject Removal<\/h3>\n
\n
\nWhere Deals Fall Apart<\/h2>\n
1. Financing<\/h3>\n
\n
\n2. Inspection<\/h3>\n
\n
\n3. Strata Documents<\/h3>\n
\n
\nFinal Thought<\/h2>\n
\nreducing uncertainty before committing.<\/strong><\/p>\n
\nIt\u2019s about understanding what you\u2019re buying, financially and structurally.<\/p>\n
\n