investment of time and money increases
Adequate due diligence often takes time and some expense is required. Another important question is: how much time and money should a buyer spend on their due diligence? To put it another way, how much time and money is the buyer willing to spend on a potential deal and then walk away if it does not see what it wants? My experience is that as the buyer investment of time and money increases, the harder it becomes for the buyer to walk away. As their investment increases, their commitment to the deal increases and sellers often take advantage of this to extract concessions from the buyer during contract negotiations..
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