Real Estate Tactics to Avoid!! BEWARE!!
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- เผยแพร่เมื่อ 12 มิ.ย. 2024
- Real Estate Tactics to Avoid!! BEWARE!!
Buyer and Seller Real Estate Tactics to be AWARE OF!!
This video discusses some real estate tactics you should be aware of and definitely avoid if possible (for buyers and sellers). The market is getting a lot of downward pressure causing some interesting dynamics.
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I have years of experience and am an active full-time realtor bringing you the most up to date information on what
If you are considering moving or selling your property in Orange County, don’t hesitate in reaching out to me.
For more information visit www.LambertGroupHomes.com or give me a call at (949) 697-2232
💁♀️ My name is Audra Lambert. I am a South Orange County realtor who focuses in the San Juan Capistrano area. I have over 20 years experience! I love what I do and Love where I live!
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This is not legal advice, nor can I give you legal advice Sorry! Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Nothing here should be construed to form and attorney client relationship. Audra Lambert with the Lambert Group does not render or offer to render personalized investment advice, tax advice, or real estate investment advice. The information provided is for informational purposes only.
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I sold a property in Q4 of 2022 and I'm waiting for a house crash to happen so I buy cheap. In the meanwhile, I've been looking at dividend stocks as an alternative., any idea if it's a good time to buy? I hear people say it's a madhouse right now but on the other hand, I still see and read articles of people pulling over massive returns by the weeks in trades, how come?
I'm considering purchasing affordable houses in 2024 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable , but others say it's risky. Any advice?
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Just remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
Home prices will come down eventually, but for now; get your money as much as you can, out of the housing market and get into the financial markets or gold. Home prices will need to fall by a minimum of 40% before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@@ralfbrown-kl1gp Mutual funds and ETF's are good starters if you are new to investing Look at the long-term instead of a get rich quick mindset I have five portfolios with two firms and enjoy a bit of gambling with a fun stock here and there but it's always a risk , even if you are well-educated. ZachKs / Morningstar/etc...read up a bit about what the products are before you get going.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
As an attorney, this might be my favorite video yet. From moving things into the house to general contractors wanting to make repairs prior to close. It’s wild out there!
Wow! Thank you so much!
As a real estate Broker for 26 years, I will say that Realtor knows what she's talking about. Refreshing!
Wow Mike...thanks so much!! Means a lot!!
😅she does! Buyer wanted to put cords of wood onto the property before closing. No! Buyers wanted to move in early😮 they did but were made to sign a we bought and waved walk through (smart broker) send this video to your broker😊
Yeah until she makes disparaging comments about working class rural community. What is that? A California thing? Wow.
@@KO-cj9ci You recon red necks are all from rural areas !? I think its a wrong assumption on your part.
Although I am not ready to list and sell my home I have enjoyed several of your videos.
Apparently my husband and I broke 2 of your cardinal rules 33 years ago when we sold our first home. We did our due diligence and interviewed 3 realtors and priced our home well but the home market was so bad (1991) that after a 3 month listing got us few showings and zero offers we listed it for sale by owner. Naturally, we met the buyers and we allowed them to move some furniture into our garage before settlement (although we did make some arrangements with our insurance company in advance).
After listening to your advice we won’t tempt fate again in this way, but happily for us we had the most agreeable settlement, they gifted us with a bottle of champagne as we handed over the keys and we got invited to visit them in our former home to meet their new baby!
I love how you keep saying "no" to all those crazy demands! You are so right. We do live in a different world today!
We know realtors who had this situation occur. After a house had been sold but before it closed, the buyer's son thought he would surprise his parent by building a new deck at the home (which was vacant) and had a carpenter actually working on it. The realtor hurried over and told the son while the carpenter was working that the sale hadn't closed yet. The carpenter immediately started packing up his tools and left. It was an honest mistake on the son's part and he didn't know he shouldn't have done this, but it could have been an expensive mistake if the deck had been finished but the deal fell through. The vendors would have a new deck, free of charge! Or something could have gone wrong and both parties would have an expensive problem.
Oh good grief. Its sounds like it all worked out...but boy that could have turned out to be a disaster. Yikes!!
And how did he get the permit??
This is one of the best real estate videos I’ve ever seen on TH-cam. Your candor and honesty is so refreshing!
Totally agree with Audrey💯 As a realtor in Nevada, I never allow buyer to even drive their car on the driveway! Love Audrey’s comments from experience❤ So true! Love her laugh after each comment 😅 Liabilities and responsibilities are major concerns. That’s why seller/buyer has their own representation! Audrey is down to earth🎉
Thanks for sharing!! I really appreciate you taking the time to comment. Glad to hear you do the same in Nevada. People really don't understand the liability factor when selling their homes. Glad you think I am down to earth...I try:)
@@AudraLamberther laugh obnoxious
Obnoxious
The day before closing on the sale of our house to move out of state, the buyers brought over the contents of their refrigerator and proceeded to load it into mine. (They did this right after their realtor left after doing the final walk through.) They didn't bother to ask us if it was okay and neither realtor knew of their plans. I wasn't happy, but since they were closing on their current home the same day as they were buying ours, I decided to let it slide. I did take a picture though because people don't believe me. After getting back from a goodbye lunch with my neighbor from across the street, the buyers had the audacity to pull a U-Haul truck into our driveway and park it there so that it was ready to unload the next day after the closing. I was livid and called our realtor to contact theirs to get it off my property for the exact reason of liability. They were back in less than 30 minutes to remove it. I was really annoyed because this was on top of filling up my refrigerator before it was their refrigerator. The next day at closing, neither of them said a word . . . no I'm sorry . . . I wasn't thinking, nothing. I chalked it up to them being entitled millennials.
Cackling is for chickens not for grown women.
When we purchased the house, we live in now, our realtor did ask if we could get in early to paint and the owner said no. We respected his answer.
I hadn’t really thought about the liability aspect, but it makes sense !
Yes, I know its exciting to move into a new house and get started with a few of your personal touches. However, asking a seller to accommodate your service team is a bit risky for them (what if one of your contractor injured themselves or the property while the house is still in the seller's name). It just causes too much risk for the seller. Congrats on buying a house. I am sure everything turned out great!
@@AudraLambert
I know I would feel the exact same way of the shore on the other foot!
@@jcmhanel1 I am sure you would:)
Loans can still go bad, even after buyer being "pre-approved" for the loan, in addition to risk of storage and handing over keys. It's not over until the escrow lady sings, and anything can go wrong right up to signing the papers. People disagree, disappear, even die on closing day! Audra has nailed the big ones ... I was lucky to have a steady reliable RE agent that I could trust, makes all the difference.
You are 100% correct!! So glad you have had reliable, trusted agents to work with...makes all the difference!
Your videos saved me from signing with a buying agent who was pressuring me to sign stuff i did not understand and who was not providing good service. I did not know what good service was until i watched your videos! Thank you thank you!
Glad I could help! So happy I saved you. Keep interviewing agents until you find a good one. You will, I promise:)
Man says “I don’t know how to work the dryer, I’m divorced“ … wonder why? 😂
😂😂😂
You are the BEST! LOVE your honesty! I live in Illinois and plan on relocating to Flordia when my husband retires. I have learned SO MUCH from your channel! (Btw...LOVE the way you dress!!! So classy!)
Hi Kimberly, you just made my day. Thank you for kind compliments. Best of luck with relocating to Florida. You're going to do great!!
These attorneys, mortgage lenders and realtors makes the home buying and selling process miserable. I've gone through it many a times. Takes away your smiles. Call it a nightmare.
Sounds like you've had several bad experiences. So sorry to hear that. Truly! I will tell ya it doesn't always happen that way...but unfortunately there are a lot of sale transactions that end that way. ugh.
Hilarious and also informative! Good reasons to have back-up offers ready to jump to if things get hinky! You are a pro and totally down to earth! That's why you are loved by your peers and clients!
Thanks so much! Eric, you are my biggest fan!
I love your sense of humor & your laugh😂. Thanks for all the great information!!
Ahhh...thank you. I get a lot of grief over my laugh...but I like laughing! So glad I could assist. Thanks for watching my video.
@@AudraLambert Hey, I love your laughter. Don't let no grumpy Andy's steal your joy. Great content too!
@@champion4000 Cracking up...Thank you!! I appreciate your support:)
Ohhhh mine, I learned so much by just watching your TH-cam. Please don’t stop . Love you so much!
ahh...that means so much to me. Thank you!! I will keep it going.
Thank You, You're very Charismatic and I love your videos, Tons of great advice.
Thank you so much!! You made my day!
Excellent! Will rewatch if necessary
We are currently selling our house and found another one that would be perfect for us. But weird things started to happen with the seller. First we offered a good price, which the sellers upped by $10,00 which we accepted. After all our paperwork was signed and submitted, the seller came back and asked for more money, and wanted us to also increase our earnest money by $4,000. The seller real estate agent kept telling us there was another buyer that we were competing against. But we saw no evidence of that. The seller had another open house and it’s still listed as for sale. We said no to their increased price and backed out of the deal.
Holy Cow..that sounds criminal. You had a signed agreement and they were still negotiating? Where is your agent in these discussions.? Who wants to buy a house from a dishonest seller. Not cool!! I wouldn't put any money in escrow with a seller who sounds shady. I would wait 30 days and offer him $40k under your agreed upon price with no earnest money deposit (because the seller can't be trusted). Ridiculous. So sorry for all your wasted time. You probably dodged a bullet.
When I was buying my current house and determining the amount I would offer my agent told me there was another offer on the table, so I went in full price. I discovered a couple of other questionable things what my agent had said to me and starting doubting whether there actually was another offer. (I was living in another city at the time.)
I went to his boss and shortly after that...he wasn't working in real estate anymore!!!
Is there something or some way of ensuring that another offer has actually been submitted? There should be. One should not have to bypass your own agent and contact the listing agent to verify that!! Buyers have to be careful of their agents too.
I don’t live in America … could someone please explain what “ earnest money “ is ???
@@biggyziggy5777 The short answer is, that it's money a potential buyer submits with the offer that indicates they are serious (another word for earnest). It's also called a "good faith deposit". That money is held in escrow. If the buyer violates the purchase agreement or backs out through no fault of the seller, then the money is given to the seller. If everything goes through then the money is normally applied to the down payment at closing.
@@biggyziggy5777 Money that you put down to hold a house. You sign a contract with the sellers and then give them some money to seal the deal.
Hi Audra, my current sellers referred me to you. I love your videos and sell real estate in Florida! Thank you for all the great content you put out it is very much appreciated as a fellow realtor. The information you give out is actually priceless! Keep up the great work! :)
You are so welcome! I am thrilled to assist!! Happy to help!!
Thanks Audra! Hope you have a great day!
Ahhh...thanks!! You too!!
You are amazing! Your chuckles make you likable and real. Ignore those comments. Your experience is greatly appreciated and I thank you for having this platform. I have been through selling and buying in the past few years and have to do it all over again this coming new year. Still searching for a good realtor. Got burned as my questions were downplayed and I ended up having to pay a mortgage on my new house for a year as things fell through on the old house. I will have a hard time trusting the next realtor.
Hello Joan, I am so sorry to hear about your negative experience. I hope you have better luck next time. I would definitely interview a minimum of 3 agents...ask for references. Really appreciate your kind words....means a lot. I kinda like my laugh:)
Love this girl...so real & honest! Great, sound advice & spot on every single time. She certainly knows what she's talking about. Thank you Audra
Thanks so much!! That is nice of you to say. Really appreciate your support and kind words.
this was very helpful. thank you so much for putting this together and sharing it.
Glad it was helpful! Very happy I can assist. Thanks for watching!!
Thx for the vids! Don't forget about the ol. "OH there's multiple offers on the listing " ha. As soon as I hear that... I'm gone!! Hard to prove and hard to believe..
That is a very good point...I hear that a lot too.
I haven't watched your videos in awhile but have to tell that they have improved!!❤ we love the honesty and we can also relate about losing hair with the housing market transition 😅
Well thank you!! Practice practice practice!! Its taken me awhile to get comfortable on camera. Thanks for your support
THANK YOU IMMENSELY FOR THIS SUPER VIDEO!!
You are so very welcome!! so glad i could help!!!
Very very helpful video. I made many of the mistakes you mentioned. I allowed the buyers contractors to come onto my property during escrow. Luckily nothing happened but something could have happened. Thank you for your helpful tips.
I appreciate your videos....very informative, they're excellent. Great advice, straight to the point. Also, that hairstyle looks great on you, you're gorgeous.
Ahhh..thanks so much. Really appreciate your kind words. The hair has been a challenge. Its finally growing out. Its been a process. Ugh. One day at a time.
Your hair looks awesome!
Thank you for these tips! You realtors are usually pretty good about navigating this stuff but it’s always good to know some things in case your realtor doesn’t or is a double agent
You are sharp and I enjoy your experience and frankness
I have only bought one home, but this is great for any first time buyer as a great guide.
Awesome laugh. Keep the very informative joy coming! Subscribed. 👍
Thank you! I like my laugh too! Lol! Really appreciate your support.🙌
California girl here! Glad I found your channel, very informative.
Awesome! Hello California girl!!! Thanks for watching!!
Audra, You are the BEST! Thank you for your videos. I'm on the East Coast. However, you would be my realtor if I were in your area!
Ahhh...that means the world to me. Thank you so much! Your comment just made my day!! ❤❤❤
So true about don't give keys early. A few years ago when selling our empty of furniture condo our agent allowed the buyer in our condo before signing papers so they could change out light switch plates??? We happen to go by to check on it day before signing papers. Still our condo!! Who gave them keys and never told us. We would not have given permission. Our responsibility. Blasted our agent who we had done business with for years, never again!!
Audra! You are absolutely correct. DO NOT ALLOW BUYERS and SELLERS to TALK....ever. As soon as a realtor does that, both buyers and sellers will realize that they do not need the real estate agent. Keep buyers and sellers DEPENDENT upon real estate professionals to answer questions and provide an opportunity for the real estate professionals to lie to each party without them comparing notes which may be VERY embarrassing to the unscrupulous agent. Protect the agents from being caught lying. Stop all direct communication. Great advice.
Thank you Audra for the "Staging Check List", bountiful and boundless blessings to you and your family. (Love your name!)
You are so welcome! So glad you like the check list. Thanks for loving my name:). Blessing to you and your family as well.
Never got mine. Just started to get listings (which I didn't want).
@@july77773 Hello there...you never got what exactly? Happy to assist.
@@AudraLambert staging checklist or home inspection list.
@@july77773 Send me a request and I will send you all the checklists: audra@LambertGroupHomes.com
I had these weird buyers that wanted to meet. They wanted all my furniture and my old washer and dryer. I had zero desire to meet them and Im so glad we didn’t. Excellent tip
Thank you for sharing.
My pleasure Lee!
You are really good! We have sold many homes, and many of these things have happened.
Excellent information. You are top notch!
I appreciate that! Thanks so much!!
Another brilliant video from Audra Lambert. Thank you.
Glad you enjoyed it!
Hi Audra your great thanks for the info
You are so welcome!
I'm putting stickers on things with filters so they know when they were changed. Then I'll leave all the manuals for all the appliances since we have all of them. Many people change things out anyway in our area, but this way I don't have to answer questions
You Rock Audra thank you ❤️
Great video. Buyers have so much leverage in California, especially as the market slows. Yes, lenders are and have always been the biggest challenge in getting deals closed.
Very true!
Well they should be as they are providing the financing .
I wish you were in FL. I hope you get more than 5K subscribers...EVERYONE NEEDS TO HAVE YOUR KNOWLEDGE, BUT ALSO YOUR ETHICS....
Florence, thank you so much!! Really appreciate your support. I am at 20K subscribers...I feel blessed and am glad I am helping people out.
Excellent video, wish I had met you 25 years ago!
Ahhh...thanks. Wish I could assisted 25 years ago!! Have a wonderful day!!
So I can't use the Pool and barbecue at the open House 😅.
Even though I'm in Aus. I'm finding your content very helpful. Thankyou for sharing.
Wow...can't believe my videos are being watching in Australia. So glad I can help.
About keeping the buyers and sellers separate: when i sold my last house, i left a folder with the manuals for the appliances ( the ones i had) the business cards for my gardener who had programmed the sprinkler, and a note that the shut off valves for the bathtub were, for whatever reason, behind the fridge! And wishing them all the best!😅😊
Love it!!!
Yup! We did this as well. We took excellent care of our home and did all required maintenance and wanted them to have documentation.
Love your videos, just subscribed.
Here's our dilemma!
We can't seem to get anyone to allow us a contingency so we can sell to buy
We are pre approved, have a 820 credit score.
We have been going thru this hell for almost 3 years.. can anything be done?
Love your videos and sense of style!! Have a lot of size 4 clothes from Saks & NM would look great on you, Infact I think I have a ver similar jacket from Joan & David, lovely. Yours if you want,
Excellent.
Many thanks!
Good points. I sold my seasonal place in Florida and learned a few things... don't let a cagey buyer take it off the market with an offer at your asking price loaded with loopholes. Big one..subject to inspection. Inspection first THEN offer. Better yet, accept no offers but cash. Take it or leave it. As is.
Additionally, if you have a big fancy house on a tiny lot crammed next to a row of identical houses you can't be choosey BUT if you have a unique place, perhaps an English style cottage on a ten acre park like yard, with a long private drive....YOU are in the driver's seat.
And... Great Info!!!
Audra lambert, thank you for for being so honest and giving us such important information, your truly appreciated. We own a home in Fullerton and thinking of selling soon but after watching one of your other videos on how it’s probably better getting a second or a equity loan to purchase another property we’re interested in. I just don’t know how to explain it well enough to my wife and son or if it will work for us or not or to just to sell and and buy with the sale of our home. Cane you give us some ideas or advice. I’ll be honest with you we have a family agent. But I personally would like a different opinion from somebody else.
Hello there! First off, everyone's situation is different. I would seek the advice of a trusted financial advisor before moving forward. There is a lot to consider. Holding multiple homes has its pros and cons. You just have to get comfortable and plan for the downsides. I am not a big fan of family member realtors...obviously some can be great. However, the mere fact you are hinting your not very comfortable with the situation gives me pause for concern. Remember, most agents are paid to sell homes. They can be biased too. Rates are very high right now, taking a second on your home may not make sense right now. Best of luck to you...seek wise council.
You are so right with all your points, and sooo funny! I am selling my house right now and I’m not liking the process 😬
Oh, so sorry to hear you are not liking the process..its a lot of work, I know. I wish you the best and hope your property sells quickly.
LOL Im selling mine also,I don't like this process at all.
Me to
In CT - on moving stuff prior to closing - we ask buyer to sign a Hold Harmless Agreement.
That helps...but what if the buyer doesn't actually qualify for their loan (yes this does happen at the 9th hour) then decide not to move out? Too much risk for the seller. Not a fan. Just my opinion.
Great tips!!!❤
Thank so much, I'm glad that you got some value out of this video. Thanks for watching!
Thanks for your great content Audra. Question re: cash offer. Could seller counter with "I am accepting this as a cash offer; if once in escrow, buyer switches to financing, the purchase price will increase to $xxx."
Yes you can! You can negotiate most anything in a contract...you just have to get the buyer to agree to it. Good luck with that..LOL. Definitely not a bad idea.
Question: A friend told me that when he was house shopping in 2020, there were lots of houses for sale that had work done on them that hadn’t had a city permit pulled so the sellers disclosed that but were able to sell because they disclosed it. Any comments?Thank you!
0:10 Good information!
As to mortgage lenders: Underwriting for any standard loan is automated. The documents to support the loan request should have been sent in ( because obviously the buyer has been pre-approved and a copy of the pre-approval accompanied the offer). If these protocols are followed when the contingencies are removed, you can close.
This doesn't work in reality because of any of following: buyers don't get requested documents in timely manner OR the mortgage company is poorly organized.
Good video
Great tips! I'm really enjoying your videos. We will be selling soon and relocating so this is very helpful. We have a great realtor to work with for selling and she will hook us up with a realtor in our new area. I will be sharing your channel with her.
Best of luck! Thanks so much for watching my videos. So glad I could assist. Happy you have a great realtor to work with.
I found your site about 2 weeks ago. This was very timely as I plan to put my house on the market in the next few months, and you have given me a wealth of information. Thank you
I am thrilled I could help! You’re going to do great!!🙌
I'm selling a property right now in Orange County and this is information I need. This is incredibly helpful.
So glad...good luck!!
A dream would be the all agents were like you , unfortunately the bad make it hard for the good
Audra says she's in southern California. When we were in rural Iowa, everyone knew everyone else in the county. Any buyer had probably been in the house already over the years.
Yes, southern California is a big area. I have seen a lot of homes...just not all of them. Sounds like where you come from everyone knows everyone. That sounds nice.
Hi Audra thank you for your videos. After many attempts, how do I get LAHD (SB8) to cooperate and email me the rest of my invoices for tenant exemptions? The developer/buyer is requesting all the way back to 2019.
I had a buyer agent included his request for extra commission as the offer condition. During the negotiation process the buyer agreed to pay my asking price, but the agent still insisted on the extra commission. I tried to negotiate the commission with the agent, but in the end he said the buyer backed out. I don’t know what he said to his client, or if his client was even aware of what was happening. I can’t imagine the buyer would withdraw the offer only because their agent is not getting the “extra” commission.
We are selling in DE and want to buy in FL. Audra's classes are worth their weight in gold.
So glad I can help! Best of luck! You’re going to do great!🙌
Mrs. Lambert To buy a new house if I have a real estate agent still I have to hire a real estate Lawyer to check paperwork, contract warranty closing cost, etc.?
I love that blazer and hair looks good. I bought an iRestore helmet after medicine related hair loss . I can tell it worked because my hair grew back thicker than before I lost it after taking the meds and stopping. Just a thought. I didn't buy the super expensive one, the white one. I always thought it was a gimmick, but it worked for me.
Thank you so much for noticing...I too bought an iRestore helmet. I think it definitely helped. My hair is finally growing back...but I look a little weird. I got the Chia pet look going for me. My hair stands straight up because of all the new growth. I am grateful! Really appreciate your encouragement and suggestion. Much appreciated...btw, thanks for the compliment on my blazer. Have a good one.
Yeah, it must be rough having to go in with all cash. Reminds me of the moments before the last crash.
I agree...it kind does remind me of moments before the last crash. However, every correction is different. Can't wait to see what's around the corner..NOT:)
Good job .. i so glad I found your channel..
what will you do if your agent ask you is interested to buy your house ?
Great Question: I would just make sure they are offering you fair price and terms. Definitely get an appraisal. The downside to taking the agents offer is that you may never know what the true market value is for your home. Not sure of your situation, but if putting the house on the market is too overwhelming for you, then maybe you consider the agent offer. They will want to decrease their price by the commission amount. I would just be careful with that. Always negotiate DOWN commissions. Hope that helps.
I found this informative, BUT the laughing is irritating and very unprofessional. It seems it is a nervous habit. Be aware and check your habits!
Got it..thanks for the feedback. @@mariebatchelor7761
😅😅 you are so funny!! But thank you for the knowledge.😘😘
You are very welcome. Glad to add some humor to this stuff. Happy New Year, btw!!
I leaned so much from you! My new home will be ready to move in during mid-January. Is it a good time to sell my current home or should I wait until weather is warmer in the Midwest? Also, is it better to sell an empty home totally clean or staging it? Or, is it better to sell now (so we don’t need any mortgage) while we are still waiting for new house construction to be completed in mid-January? Sorry about so many questions but I appreciate greatly your knowledge and insight.
Hello and Thank you for your questions. So glad you got some value from watching my videos. I don't know the housing market in the midwest. I would find the best agent you can find and trust their recommendations. The weather in the mid-west is much different from where I live (I live in a very mild climate which makes it easier to sell a home). I will always recommend staging over a vacant property... But vacant is better than a dirty, cluttered home, with undesirable furnishing. You could always sell your departing home and ask for a rent back until your new home is ready...or ask for a longer close of escrow time line. I would discuss this with your trusted agent. I don't like paying two mortgages either. Best of luck to you...you'll do great.
@@AudraLambert Thank you so very much for your prompt response! I am very grateful of your advice. I will ask for a longer escrow timeline, which I did not know I could ask. My agent proposed to sell my departing home in the spring, in March or April. But the builder informed me that they are over one month ahead of the schedule, so the new home will be completed in mid-January. This will create a larger gap (a couple months) between my mortgage payment date in January and selling my departing home in March or April. I will not have two mortgages since the department home was fully paid off. I also want to payoff my new home with cash (so I will not have any mortgage with high interest rate), but this requires selling my departing home first. I also will take your recommendation to declutter my home and staging it for selling because I already cleared through donation and decomposing 1/3 of my stuff, and I have Ethen & Allen furniture. So my dilemma right now is the timeline. I don’t know if I made my points clear but I truly appreciate your suggestions!
@@greenteajiang1037 Sounds like you are making some good decisions. It sounds like selling your departing home first solves a lot of problems. You could always ask for a longer escrow or close escrow and ask to rent your house out for a month or two. This is very common in my are...not sure if that is common practice in yours. Very excited about new property...how fun! I know the decluttering process is not all that enjoyable...but it does make a big difference. Best of Luck to you.
@@AudraLambert Thank you. I hope I lived in your area and have you as my most trusted agent. But I do appreciate your expertise so generously offered online. My best wishes to you as well!
LOL, your hair looks great and with a face like that, you would look great bald! I think all of us women have that happen from time to time--stress! Great video, much appreciated.
Oh thank you! So appreciate your compliment. My hair is finally starting to grow back. Its been a journey. Glad I could add some value:)
Yeah, we were the early movers, moving in on Saturday, and closing on the following Monday. Nothing bad happened, but it could have. We had friends helping move, they could have gotten hurt, and I doubt a homeowners policy would have been effective before we owned the property.
On top of that, we closed on February 29, and had to pay 2 days of interest. Surprise, months are 30 days long, so that's 2 days of interest.
Well, thank goodness nothing bad happened. Do not recommend this..but glad everything worked out well.
What about some of the things that buyer should say no no no to the seller request?
As a ex agent now retired your advice is spot on
Ahh..thanks so much!! Appreciate it.
I totally agree with not letting the buyer to store their furniture Into the garage. Horrible mistake.
Definitely not a great idea!!
@@AudraLambertIf the buyers have homeowner's insurance that they are rolling over as continuous coverage into the new property or have some type of rental property insurance that covered their household goods during the move then there should be no issue with storing the property in the garage. Ask for proof from the insurance company. My company, USAA, does cover this. Same thing goes for the car in the garage. Check that they have valid auto insurance with property damage limits that are acceptable. You can CYA and be accommodating by taking a few extra steps.
Years ago my agent asked me if the buyer couldn't move some of her things into the garage before closing. I said no, she asked again in an email. I wrote back again " no." My agent then behind my back let the buyer move her things in. Later I found out she even accepted a gift card from the buyer! She was a Group realtor in Colorado.
🎉in NY state contracts say 10 days for basic contin. If buyer is troublesome... go to the next😊
Luck duck...ours is 17 days in CA. Its forever!!
Get checked for thyroid antibodies. Its not a standard test. I luckily had a client that recognized it in me.
I wish I'd have found you before we used two agents that set off serious alarm bells. We'd had a hail storm in our area and one let a guy up on our roof to "check for damage," which, of course he "found" and recommended his services. This same agent wanted to bring us in on a deal that would "benefit us all" of investing some of our escrow into some scheme that sounded sketchy, BTW, is that normal or ethical?
The second one was NOT doing everything I saw in one of your other videos, such as not being present during showings, or coming by to make sure everything was set right. It ended up costing us hundreds of dollars in power bills after someone had turned the heat up and left it there for a month. When we tried to get out of contract for these and other reasons, he got pretty angry and said he wouldn't release us from the contract but would instead take it off the market and let it "sit in a drawer" (essentially holding it hostage) until the contract ended in 6 weeks. Luckily, we'd been keeping notes and contacted his broker and got released. Great tips, thanks!
Holy Smokes...that is just criminal. All of this is not normal. So glad you got out of the contract. That is just not right. No way would I allow any visitor to get up on a roof...bring an expert or a drone to check it out. So sorry for your horrible experience. Hopefully you will have better luck the next time round. Thank you for your comment.
We live 25 miles from Seattle in Snoqualmie. When I look at Zillow there are 5 homes for sale in Snoqualmie. A home smaller than ours across the street sold for a lot more than expected. We were approached by the selling realtor of the house across the street who says that he has a buyer interested in buying our house for a lot more than we realized our home is worth. According to Zillow when I filter on homes for sale and 3 car garage, the listing prices are unbelievably high - but just 1. If homes are selling for prices that are ridiculously high, why aren't more people selling?
Great question. Most people have low mortgage rates. They may want to sell but their mortgage rates is so good, it doesn't make sense for them. Not to mention, they would more than likely have a capital gains issue. If they were to sell their house, where would they go? A lot of people have low property taxes based on their original purchase price. Homeowners are just hunkering down. Thanks for the comment.
You mentioned in the video but you have a list of 15 questions to ask the realtor. I can’t find that list. Where can I find it? Thank you.
Sure, you can download it on my website: lambert.homes/questions-to-ask
Best of luck!!
I found a house I really like. They accepted an offer and I missed putting in an offer. The house however, it is still in a contingent status and its been 1.5 weeks. I reached out to the selling agent and they stated you could still put an offer in and that it might be accepted. Its a snazzy little house. The basement is almost done, just the drywall needs to be put on. My agent said i should put the offer in 10k over asking bec they received multiple offers. All the houses in that area are over the value of this house. Any thoughts?
Great video. I'm MAKING my husband watch this video.
I am so glad you got some value!! Thanks for watching!
Interesting video. Won’t the buyer and seller make contact at the home inspection?
Nope...the seller should not be present. Their agent should be present...if there are any questions, their agent can call the seller.
I would like to know how to stage my home
Sure, you can do it yourself. Here are a few videos: th-cam.com/video/LCQCJ5uRBKI/w-d-xo.htmlsi=kE7ze_ekuG2KCivB. th-cam.com/video/s9QfR1hbZ7c/w-d-xo.htmlsi=idVl83jEunW6RXYV.
Best of luck to you and thanks for watching!!
Hey Audra, if the buyer "changes their mind" about financing after the contract is signed, can the seller just wait until the buyer runs out of time to perform, and keep the buyer's earnest money?
Not sure what state you are in, but in California the earnest money deposit is not automatically released to the seller for ANY reason. The earnest money deposit can only be released if both parties agree and instruct escrow to release the earnest money deposit ...EVEN if all contingencies have been removed. The seller can refuse to return the earnest money to the buyer. The buyer can refuse to give to earnest money to the seller. The earnest money will just sit in escrow until both parties agree on where it is to go. The next steps would be arbitration and mediation. If your buyer wants to switch mortgage companies to try to get the deal done, AND you have good price and terms, you may want to consider it. However, if they can't get financing from one lender, it would give me pause for concern. If your buyer already removed all contingencies and backs out of escrow because they can't purchase your home, you may be able to go after their earnest money deposit if they don't release it to you (at least that is the case in California). Its a lame process!
@@AudraLambert Ah good to know! In essence California puts extra players at the escrow poker table. Just moved to Florida. It wouldn't surprise me if all the players here (buyers, sellers, agents, etc.) could run Florida-specific scams. Thanks for the heads up.
I just sold a house in 23. In Colorado, earnest money is just a token. It pretty much goes back to the buyer unless seller wants the head ache of trying to keep it. Rarely does the seller get it. I had a great agent for that deal.
OK. I clicked on your link above for a staging checklist. I clicked your link and It went to your site, but no checklist. You seemed like such a smart and helpful person before I clicked on your click bait. Oh well..............
Hy Lynda, there should have been a form for you to fill out for the download. If you would like to email me at audra@lambertgrouphomes.com I can forward the staging check list to you.Sorry the link wasn't working.
I was lucky that my seller let me paint and carpet before we closed - something I will never do when I sell this place!!!
Our agent just did that and he is the broker. He said he doesn’t work
For less than 2.5% and they were only offering 2%. We were shocked when we he did it. We didn’t know it was illegal.
Ugh!! Not cool!! So sorry.
The point discussed at 10 minute mark happended in my last deal where agents colluded to arive at highest price they figured both sides would go for. How are we supposed to trust the agent industry when this stuff is happening all the time.
After the National Association of Realtors lawsuits this year, new buyer/broker agreement are now being put in place... agent commission are disclosed upfront and the buyer is now responsible for dictating the amount of the buyer's agent's commission (this is going into effect for my brokerage house on January 1,2024). Brokers are held to a higher standard and are now enforcing stricter commission agreement to be set forth from both the buy and sell side. Unfortunately, there are crooks in every industry...they can always find an opportunity. This should have been in place many years ago. So sorry to hear about your situation.
@@AudraLambert thanks for clarifications and additional details. Good to hear efforts were made and new rules being put in place to try and improve things.
@@myusrn You are very welcome..its about time!!
They can measure the garage to see if their car fits.