You and your channel are a life saver. So educational, high quality and value. I searched for quite some time to find you. Thank you for the golden info you provide. Priceless ❤️❤️❤️
I seriously doubt that one can do a title search, a home inspection, a real inspection, no some nut that a RE agent finds. In California, a geotechnical report if the house in on a hill or in Ranch Palos Verdes. The home I reside in now, cash, 37 day closing. We did a MAJOR inspection and found issues in a custom build. Not too serious but we did request and received credit. The major hold was getting permission from the strict HOA to do the gut remodel on the house. Once the inspections, title search and WRITTEN HOA approval in hand, we closed. My previous home in Charleston, SC, a historic home had a cash offer full price in three days of listing. I needed 30 days to get my act together and clear the house for the cross country move. Worked beautifully. The next month, there was a hurricane, not a direct but it is a flood prone area. As always, a seller MUST keep their agent on a TIGHT leash. Agents frequently forget who works for whom. I know, most "Karen" RE agents need the commission to meet the payment schedule on the Mercedes.
I was just involved in this exact situation. Why put “no lending institution involved ? All you need to do is make their 10% deposit NON REFUNDABLE with a 15-20 day “time of Essence - if they don’t close on time, they lose their deposit
A lot of good tips here, buyers say the word "cash" and sellers don't hear anything after that. So, whatever you plan, hire a good realtor - like Audra! There are many tales posted here of "I sold myself, wrote a check, deal done" Well, it seldom goes like this, and in particular not in California. I owned and rented properties in South Orange for years and I had so many California-style "bigshots" want to look like a "cash customer", then it turns out, they are not so "cash" after all, but closer to "broke" - but they always had a big deal just around the corner ...! 😁
Side note on "proof of funds" in many states you do not have to disclose total account balance only an affidavit from the bank confirming that the necessary funds are available for the offer of x amount that you submitted. Now if you are in a state that does require you to disclose total funds within the account you will be paying from. You can simple within your own bank open a new account and transfer the needed funds into the new account and only use that account for the purchase and proof of funds. This is not legal advice but this does work in the states that i do business in.
Word choice is essential for us. We want to sell our two Texas homes. We do not know what hard earnest money means in real estate. Realtors have told me when I was buying it was easy to get your earnest money back. We want to force any buyer to forfeit their earnest money after their inspection time passes. How is that done? Secondly, we want a rule of thumb on what to charge for earnest money. What would you consider as the reasonable maximum requirement on a nominal $300,000 list price? Lastly, we have had low ball cash offers before. We rejected. But we question whether if we received a reasonable offer with a 15 day escrow using us bank. Your opinion matters!
Check with real estate lawyer. Realtors are strongly discouraged to give legal or any other specialist advice. Hopefully the state real estate regulations will not prevent you from structuring your deal the way you want.
LOL - about the house getting so sad that you're leaving. Isn't that the truth! Basement as dry as a bone for almost 40 years - until I put it on the market. Yep, it started weeping. LOL! Fortunately, it happened just before I filled out the disclosure document.
If they can't show you a bank statement with the money in it, ready to ABA transfer to your escrow, it's no deal. "I have to wait for my CD's" , "I have to move some investments around", "I am borrowing on my savings", or a good one, "I'll give you half now and half at settlement", or other weirdness that can turn into a mess ... tell them to come back when it's liquid in the bank.
?? What do you recommend for persons trying to sell home while living out of the home and across the country. Concerned about leaving vacant home. We’ve a security company & cameras. Will a realtor take responsibility? What are some specifics for a contract with a realtor? Thank you.
1st time seller and going through this presently, I agree , they're now wanting after previous declining their inspection (Meaning a 2 week delay ) and accepting their offer ... PLUS more seller concessions.
Is your realtor telling you, "oh, it's no big deal" or some other bs? Having sold a few homes, I can tell you most buyers don't know what the heck they're doing and their agents are amateurs. Within the initial offer acceptance documents, is that where they checked the box waiving the inspection? If so, I believe that's fully enforceable.
Yes, I posted it...however, it got deleted. No idea how!! UGH! Thanks for your support...I have a new video coming out on Tuesday:).I really appreciate your interest.
@@AudraLambert YT does crazy things. 😲 I've left comments and haven't heard back, but I figure that you're incredibly busy or I got shadow banned. Just loved your action plan for selling a house in your last video on how to get the most money for you home. 😻 I really hope you saw my comments to that video.
@@audiophileman7047 Oh..I am so sorry for not responding. I have been so swamped I haven't been able to respond to the comments. I always appreciate your comments. They are always right on point. I will look for comment. Appreciate you:)
@@AudraLambert I understand; life is hectic these days. I appreciate you too. Sure wish you could sell our house for us, but your advice is so excellent that it will feel like you're right there with us. 👍👍👍
All cash actually means cash. They should just have to wire funds to escrow, no bank or lending approvals needed. Annoying that buyers would use all cash just to get the deal and then play a switcharoo.
You just water funds from your account to theirs. That's cash as well. Also an earnest money you just write a check. That's cash. If your cash is not on hand you're not ready to do it all cash deal. And I'll cash still wants an offers made should probably take two to three weeks zippity doo da day🎉🎉🎉🎉🎉🎉
Clarification: Cash is not money, it's currency. Thank you for this important tip Audra b/c there are a lot of signs out in various Canadian cities posting scratchy looking phone numbers and all cash purchases for your house . (Didn't think this could be shady, just thought these might be grouped investirs. Have you had any transactions with Bitcoin or real money (gold or silver)?
Wow. Wheeling and dealing in the great US of A with real real estate. Care of the people who brought us the great recession (and Bush - bless his little heart) which millennials are now cursed with feeling the effects of…. Those pesky regulations that keep mortgage companies in check are the same kind of oversight that would’ve saved all of us from the greatest recession since the great depression. So boo-hoo mortgage companies. And it is disgusting in my opinion, to hear a car accident presented as an oversimplified, rolling of the eyes-inconvenience. Bit of a reminder here.. that was another actual living, breathing human being we are talking about. *gasp* Also a slab leak that shows up while under contract is a slab leak that should have been fixed in other ways before selling the house. People actually do really know when they have drainage problems, and those who try to tell you they didn’t know are 9 times out of 10 full of it. I could never work in real estate. It takes a special person imo
You and your channel are a life saver. So educational, high quality and value. I searched for quite some time to find you. Thank you for the golden info you provide. Priceless ❤️❤️❤️
Glad to help! So glad I can help:)
I gave proof of funds, and brought a check to close. Done.
Make sure you have a great realtor who will stand up for your rights and tell you when to cut bait on a buyer.
I seriously doubt that one can do a title search, a home inspection, a real inspection, no some nut that a RE agent finds. In California, a geotechnical report if the house in on a hill or in Ranch Palos Verdes. The home I reside in now, cash, 37 day closing. We did a MAJOR inspection and found issues in a custom build. Not too serious but we did request and received credit. The major hold was getting permission from the strict HOA to do the gut remodel on the house. Once the inspections, title search and WRITTEN HOA approval in hand, we closed. My previous home in Charleston, SC, a historic home had a cash offer full price in three days of listing. I needed 30 days to get my act together and clear the house for the cross country move. Worked beautifully. The next month, there was a hurricane, not a direct but it is a flood prone area. As always, a seller MUST keep their agent on a TIGHT leash. Agents frequently forget who works for whom. I know, most "Karen" RE agents need the commission to meet the payment schedule on the Mercedes.
I had to watch this one a second time just for the entertainment value. 😄
Why? How?
I love your channel and wish you were a realtor in NJ. Thank you!!
I was just involved in this exact situation. Why put “no lending institution involved ? All you need to do is make their 10% deposit NON REFUNDABLE with a 15-20 day “time of Essence - if they don’t close on time, they lose their deposit
That's a lot to lose, what about earnest money depo instead?
A lot of good tips here, buyers say the word "cash" and sellers don't hear anything after that. So, whatever you plan, hire a good realtor - like Audra! There are many tales posted here of "I sold myself, wrote a check, deal done" Well, it seldom goes like this, and in particular not in California. I owned and rented properties in South Orange for years and I had so many California-style "bigshots" want to look like a "cash customer", then it turns out, they are not so "cash" after all, but closer to "broke" - but they always had a big deal just around the corner ...! 😁
Side note on "proof of funds" in many states you do not have to disclose total account balance only an affidavit from the bank confirming that the necessary funds are available for the offer of x amount that you submitted. Now if you are in a state that does require you to disclose total funds within the account you will be paying from. You can simple within your own bank open a new account and transfer the needed funds into the new account and only use that account for the purchase and proof of funds. This is not legal advice but this does work in the states that i do business in.
Why do you need an agent if you're doing an all cash offer?
I’m a former realtor from Michigan. I like your videos. Good luck
Awesome! Thank you!
What are contingencies?
Word choice is essential for us. We want to sell our two Texas homes. We do not know what hard earnest money means in real estate. Realtors have told me when I was buying it was easy to get your earnest money back. We want to force any buyer to forfeit their earnest money after their inspection time passes. How is that done? Secondly, we want a rule of thumb on what to charge for earnest money. What would you consider as the reasonable maximum requirement on a nominal $300,000 list price? Lastly, we have had low ball cash offers before. We rejected. But we question whether if we received a reasonable offer with a 15 day escrow using us bank. Your opinion matters!
Good Question
Check with real estate lawyer. Realtors are strongly discouraged to give legal or any other specialist advice. Hopefully the state real estate regulations will not prevent you from structuring your deal the way you want.
@@lubavasilieva3156 I am not happy with your pass the buck response. Not at all.
U are the bestest refresher training !
This was really good!!
Refreshing videos. This video was particularly informative. Thanks.
You have given me so much great information. I'm going to use it all when I buy and sell.
So valuable. I LOVE this channel!!
So glad. Thanks for watching!!
I just subscribed and I thank you for all your videos they are teaching me alot about selling my home i greatly appreciate you
You are so very welcome!! Best of luck.
I am a first time home seller. I also appreciate you.
LOL - about the house getting so sad that you're leaving. Isn't that the truth! Basement as dry as a bone for almost 40 years - until I put it on the market. Yep, it started weeping. LOL! Fortunately, it happened just before I filled out the disclosure document.
Our realtors said to let the buyer get the appraisal and inspection to save us money. Is that the wring thing to do?
If they can't show you a bank statement with the money in it, ready to ABA transfer to your escrow, it's no deal. "I have to wait for my CD's" , "I have to move some investments around", "I am borrowing on my savings", or a good one, "I'll give you half now and half at settlement", or other weirdness that can turn into a mess ... tell them to come back when it's liquid in the bank.
?? What do you recommend for persons trying to sell home while living out of the home and across the country. Concerned about leaving vacant home. We’ve a security company & cameras. Will a realtor take responsibility? What are some specifics for a contract with a realtor? Thank you.
How are the property taxes lower from an all-cash deal?
I want to sell my home in CA & buy a home in Ohio or MI, will this be a problem?
How can you find out who your title company is if your servicer won't tell you
I love listening to you!
If seller stays in home, 3 days past closing, they need to to pay compensation to. The buyer!
Will you cover what to do with pets when your selling
Your home?
14:55....REPIARS instead of REPAIRS. Just fyi, I know you love the details!
Thanks for all the advice and the different scenarios with a cash offer. It’s supposed to be a great thing right?
It's been really useful and educational. Thanks a lot!
Glad to hear that!
1st time seller and going through this presently, I agree , they're now wanting after previous declining their inspection (Meaning a 2 week delay ) and accepting their offer ... PLUS more seller concessions.
Ugh...so sorry to hear this!! Best of luck to you!
Is your realtor telling you, "oh, it's no big deal" or some other bs? Having sold a few homes, I can tell you most buyers don't know what the heck they're doing and their agents are amateurs. Within the initial offer acceptance documents, is that where they checked the box waiving the inspection? If so, I believe that's fully enforceable.
Thank you.
Where in the contract do you write that it’s an all cash offer, and no lending institution involved?
Check the box on the contract that says no loan, in the financing section…..pretty easy. Proof of funds is vital.
Can't I do a quit claim deed and still take cash?
Not sure of your question. You can quit claim...but what do you mean "still take cash?" Sorry..I am blonde.
@@AudraLambert With no closing persons involved, nor banks, I can take the cash and be done, off to Mx?
If they don’t have the cash right away, it’s asking the seller to become a short term creditor.
I have a question about my broker and an "illegal activity." Can I ask you?
Love ❤️ Is ME Yes ME🎉
Didn't you release this video already? Is there something new in it now?
Yes, I posted it...however, it got deleted. No idea how!! UGH! Thanks for your support...I have a new video coming out on Tuesday:).I really appreciate your interest.
@@AudraLambert YT does crazy things. 😲 I've left comments and haven't heard back, but I figure that you're incredibly busy or I got shadow banned. Just loved your action plan for selling a house in your last video on how to get the most money for you home. 😻 I really hope you saw my comments to that video.
@@audiophileman7047 Oh..I am so sorry for not responding. I have been so swamped I haven't been able to respond to the comments. I always appreciate your comments. They are always right on point. I will look for comment. Appreciate you:)
@@AudraLambert I understand; life is hectic these days. I appreciate you too. Sure wish you could sell our house for us, but your advice is so excellent that it will feel like you're right there with us. 👍👍👍
All cash actually means cash. They should just have to wire funds to escrow, no bank or lending approvals needed. Annoying that buyers would use all cash just to get the deal and then play a switcharoo.
Audra your scaring me, and we all know Ozoark , by the way your looking nice today.
I do all cash and want 40 days to sell my home that is essential to replenish cash.
mortgage companies use the guidlines software so really the underwriter doesnt even make the final descision.
You just water funds from your account to theirs. That's cash as well. Also an earnest money you just write a check. That's cash.
If your cash is not on hand you're not ready to do it all cash deal. And I'll cash still wants an offers made should probably take two to three weeks zippity doo da day🎉🎉🎉🎉🎉🎉
Young lady 🥰
Clarification: Cash is not money, it's currency. Thank you for this important tip Audra b/c there are a lot of signs out in various Canadian cities posting scratchy looking phone numbers and all cash purchases for your house . (Didn't think this could be shady, just thought these might be grouped investirs. Have you had any transactions with Bitcoin or real money (gold or silver)?
You're funny😁
What do you mean by, "This is not Ozark"
Ozark is a television series about drug cartels.
Ozark is a TV series about laundering money...super stressful!
Underwriters make the decision. Slowly
People suck wow lotta issues. Sry dealing with this
I'll give you $50 and a dozen donuts for your house.
Wow. Wheeling and dealing in the great US of A with real real estate. Care of the people who brought us the great recession (and Bush - bless his little heart) which millennials are now cursed with feeling the effects of…. Those pesky regulations that keep mortgage companies in check are the same kind of oversight that would’ve saved all of us from the greatest recession since the great depression. So boo-hoo mortgage companies. And it is disgusting in my opinion, to hear a car accident presented as an oversimplified, rolling of the eyes-inconvenience. Bit of a reminder here.. that was another actual living, breathing human being we are talking about. *gasp* Also a slab leak that shows up while under contract is a slab leak that should have been fixed in other ways before selling the house. People actually do really know when they have drainage problems, and those who try to tell you they didn’t know are 9 times out of 10 full of it. I could never work in real estate. It takes a special person imo
I HATE all cash offers! First time home buyers don’t stand a chance of EVER buying a home. Go away rich people!!
I bought my first home with cash three months ago. It can be done, and done easily.
Princcess.teamo❤❤❤
Our realtors said to let the buyer get the appraisal and inspection to save us money. Is that the wring thing to do?