Due Diligence on Bank Owned Property

[Hilary Smith]

Newbie here!

This is my first offer and attempt at buying real estate besides my primary residence. Property is bank owned and my offer was pretty low compared to listing so may not be accepted. BUT, still exciting! I did request a due diligence period in my offer terms and was wondering if that could have hurt my chances?

Again, it’s my first investment and I am trying to mitigate as much risk as possible with the DD. But I have read banks like serious buyers that can close as soon as possible.

Any thoughts?