Due diligence fees - current market 2023/24

[Tim Tassio]

Hello! I’m hoping anyone with current experience can give me an idea on how the current market is dictating the due diligence fee around the RTP area including suburbs, for single family homes? What percentage of the sales price one would expect a seller to typically accept? Or if not a percentage, is their a standard dollar range a buyer would expect to have to include in their offer…how much? Thanks!!

[Adam Schneider]

It sounds like most people on this thread are viewing the issue of a non-refundable deposit from the lens of the buyer. From the lens of the seller, the DD fee is a vetting tool, and a protection against a buyer who locks up a property and wants to negotiate late in the contract. It's a 2 way street. There's a line in the standard NC P and S agreement (2T) for an additional deposit...you can always make an offer with a small DD amount, and then an additional deposit say 5 days later....to give time to do your inspection. Just a thought...