From Wikipedia – “Due diligence is a phrase used for several theories involving either an investigation of a company or person before signing a contract or an act with a particular standard of care. It can be a legal responsibility, but the expression will more commonly apply to voluntary analyses.
A frequent example of due diligence in a variety of industries is the process by which a possible acquirer assesses a target company or its assets for acquisition.” Search online today if you want to see Property in Alanya for sale, villas, and apartments.
Due diligence has been common practice in many areas where a potential buyer is thinking of buying an advantage of some description. In the area of the property, carrying out due diligence is and has been common practice in the commercial real estate world but this hasn’t been the case with residential property, possibly with the exception of several professional landlords.
The notion of buy to let premiered by ARLA, the Association of Residential Letting Agents, in 1996 and quickly generated considerable public attention across the UK, both in regard to buying to rent in the UK and abroad.
Concurrently a plethora of training organizations popped up to “educate” the public from the “dark” arts of earning millions in real estate without risking their own money using more “creative” theories, whilst not actually explaining the dynamics of real estate investment. Greed was the catalyst and the rising values of land, almost regardless of place, where the food that fed the greed.