Due diligence is a process. Through this process, the client and its counsel obtain, assess and evaluate available information pertinent to an.Due diligence within real estate transactions refers to both the buyer and seller satisfying various aspects of a purchase contract before finalizing things. I am under contract and passed the due diligence period on a triplex located in South Carolina. Clearly outline your goals and objectives for the real estate investment. The purchaser must be willing to incur some up-front costs at the risk of discovering a condition that could lead to termination of the transaction. Earnest money deposit 3. The "as is" clause lets sellers offload their property without repairs, passing current condition risks to buyers. A home is one of the biggest purchases you will make in your life. In some cases, uncovering bad information may allow you to legally back out of the purchase without penalty.