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Exactly how does the "due diligence" period work in Georgia?
Let me explain this to you.... the due diligence period in Georgia is a NEGOTIATED number of days in which a buyer can back out of a contract for ANY reason or NO reason at all.  On midnight of the last day of due diligence... it's OVER, it's gone, you can't send over an amendment to address concerns at 11:59 p.m. and have three more days to negotiate.  It's still over. Period.  The. End.
See there under item (3) Notice of Decision Not to Proceed: if you don't terminate by the end of the last day of due diligence and instead send over an amendment to address concerns at the 11th hour it still doesn't stop the due diligence period from ending at the same time.  It does NOT give you more time.  If YOUR agent told you otherwise, they would be wrong.  It's NOT subjective or up for re-negotiation.  You agree to any amendments OR terminate prior to the end of due diligence.
Pretty simple right?  Except time and time again we have buyers and buyers agents wanting to pretend that just because they faxed something to our office right before Cinderella's carriage turned into a pumpkin that gives them ... more

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