What Is a Due Diligence Review in NYC Real Estate?

A due diligence review is the research your attorney performs to investigate a property before you sign a contract of sale. This process typically takes 5 to 7 business days and uncovers legal and financial risks that could affect your investment. Your lawyer examines building financials, board minutes, violations, title records, and offering plans to verify the seller’s claims and identify red flags.

This guide explains what due diligence includes, which documents your attorney reviews, how the process differs for condos and co-ops, and why skipping this step can jeopardize your purchase.

If you’re planning to buy property anywhere in NYC and need legal help in due diligence reviews, contact us to schedule a consultation.