What to know when selling your house! Audra Lambert
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- เผยแพร่เมื่อ 1 มิ.ย. 2024
- What to know when selling your house! Audra Lambert
What you need to know and prepare for when selling your house in 2023.
This video helps prepare you for the new market place we are in with 7% mortgage rates. With the changing housing market come different strategies that will prepare you for success. Please don't hesitate in reaching out to me with any of your questions. Happy to assist.
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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!
🏠 JUAN CAPISTRANO HOMES FOR SALE: lambertgrouphomes.com/communi...
💰 HOME VALUATION: hmbt.co/TaWy3g
🔍 WATCH NEXT:
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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.
CONTACT INFO
Audra Lambert, Lambert Group Homes
📞 949.697.2232
💌 AudraLambert@me.com
🖥 www. LambertGroupHomes.com
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I found liens on a property I was buying when the title company did not. I just went down to the county building as gave the owner's name. Beware, professionals aren't necessary competent.
Wowzie. That's terrible. If that title company did catch it and you closed on the property...they would be liable. That's why we have title companies. Clearly...the title company you were working with weren't very thorough. I am impressed you took matters into your own hands. Well done! But you are right...Just because someone is a professional doesn't mean they are competent (I run into this problem daily). Have a good one!
Title insurance only Insures against the incompetence of the title company. For a very limited amount. It's basically a waste of time and money that's required. I always do my own title search for this reason. Numerous times I've had to correct the title companies search results.
@@tidycats151 : That's interesting. I thought this was a very rare case. The whole deal seemed shifty so I pulled out. But I like the house so I'm looking for a real estate attorney in Eastern Oregon to help. Of course finding a competent attorney could be difficult as well.
That is scary!
love the videos, right to the point (refreshing to a New Yorker) - plus how you laugh at your little jokes is priceless. I can see why you're successful in real estate. thanks for all the great info.
Glad you like them! Really appreciate your kind words. Its been a horrible week...your comment lifted my spirits. Thank you.
Great info
Glad I could help!!
Always watching your videos. Very helpful. Thank you for sharing.
You are so welcome! Thanks so much for watching!!
Thank you...good information...
So glad you got value out of it. Appreciate you watching my video.
I appreciate the manner in which you deliver advice. Thank You from Florida
You are so very welcome from California! Glad I could help. Appreciate your kind comment.
Thank you Audra for sharing your great experience it is very helpful.
You are so very welcome! Really appreciate your comment!
This is gospel. Thanks so much!
So glad you go value out of my video! Appreciate the support.
Good job 👍 keep up the great! work 🙏
Thank you! Will do! Appreciate it!!
Great information. I came across your channel while preparing for a class presentation. I changed my subject at the last minute because my mom passed away a few weeks ago and now I have a house to put on the market.
Sorry to hear about your mom...Loosing a family member is difficult. Best of luck putting your house on the market...Hope my videos can help:)
Great video! We purchased our home (Fairfield County, Connecticut) in 1999. Due to poor economy in the previous city we lived in, we were "in the hole" so to speak-had to pay to get out of the condo. Ended up with PMI because we couldn't put 20% down. We were young and not as educated on these matters. It's so great to have the amount of information for today's market. Would you recommend a list of when things were done in the house (e.g., new roof, house painted, new appliances, etc)? I remember our seller had a binder full of that type of information and what it was worth as well as the blueprints for the property (which have come in handy over the years!). It also has a surveyor's certificate for the property. Thank you for any input.
You're awesome 😄
Ahhh...thanks so much. Appreciate it.
Audra, do you do this kind of video for condos and do you have any rusted and vetted network/colleague in Canada?
I love yr channel, watching you from New Zealand. We have bought and sold properties in Florida and think your advice is invaluable
New Zealand...wow!! Thanks so much for watching and am thrilled you're getting value out of my videos. Thanks so much for your kind compliment!! Means a lot!!
I have a question ?
What about the profit you get from the sale of the house needs to pay taxes on it ?
Audra, Thank you for your videos. We are selling in the spring (in MN). How far in advance should we get a pre-inspection?
Hi Karin,
I would get the inspection completed sooner than later. That way you can have the time to repair any items that needs correcting. If you do the home inspection too close to your list date, you may not be able to correct some of the items in time. Most buyers will probably complete another home inspection just to verify everything is in working order...or they may even have your inspector come out and do a re-inspect. Completing the home inspection earlier gives you the reassurance that "things" are in order...and/or you have the time to fix some items. Most home owners don't expect a new house when they are purchasing a home..but they do expect "things" to be working. If you don't want to spend the money on a home inspector, some general contractors offer an inspection of your house to review code related issues and other maintenance items on your property. Might save a few dollars. Best of luck!!
Hi Audra! There are two rooms I wanted to paint but my agent said not to bother. She also told me not to bother fixing my low water pressure and dishwasher but I'm doing it all anyway. Why would she tell me not to bother? I don't get it!
Hello there! I really enjoy your content. I’m in NY, and considering selling my coop apartment in a couple of years or so. Can you please dedicate a video on apartments regarding the process, and / or tips on selling? Do the same applies as if selling a house?
Great idea. Let me work on that. For the most part, it does work the same. However, some have Home Owners Associations or management companies you need to work with..its a little bit trickier.
Shopping around the Western USA I see a huge number of houses dropping large amounts. But few sales. Montana, Idaho, Oregon specifically.
In live in Orange County, CA. We have very low inventories right now. Most sellers are listing their houses well above market value with the attitude of "give me my price and I will sell." As the months go on with no acceptable offers, these sellers start to get motivated (either they find another house they like, or actually need to move for job etc). Then they start getting reasonable on price. Well, at this point, their house is stale. Buyers are wondering what is wrong with the property. The seller then has to drop their price further to attract buyers. This is a very stupid strategy. The market will bear what the market will bear. We are also in 7.25% mortgage rate environment. This is the highest mortgage rates have been in 11 years. There just aren't that many buyers out there. The reason the market hasn't crashed is because there just isn't that much inventory on the market (at least in my area). Thanks for watching my videos and good luck with your search.
Not in my area of southern California
Just discovered your videos, and there is SO most helpful information in them-- thank you so much!
Really appreciate all your help!
A pet peeve for me is people who can't pronounce "realtor" correctly ..but add a syllable, saying it as "real-uh-tor" instead. And I hear you doing that, which really surprises me, because you are so polished, professional,nand savvy, yet pronounce it the same as someone with no education.
It's like fingernails scraping a chalkboard to me, and I can't be the only one. I would respectfully request that you alter the pronunciation when you use that word, please.
Thank you for your time and attention.
Yes, thanks for the feedback. I have corrected that pronunciation of Real-tor in more recent videos. Appreciate the comment and thanks for watching.
I paid 10% rate at one of the houses we owned... cant remember exactly when. But it def lmtd what our family could buy.
Yes, I hear ya. The interest rate really effects affordability for home buyers. 10% sounds incredibly high. Thanks so much for watching this video.
Great information!!!
Glad you got some value. Thanks for watching my video:)
So much for the 30-day escrow ... back in the day.
Back in the day:)
Every listing should have a professional home inspection report to go with it and be priced accordingly. The description you see on the listing is a joke and means nothing. The fact most realtors do not do this is why there is so much drama with real estate. They are trying to do everything they can to make the house look as good as they can while covering up the negatives to unethically raise the price. I inspect a home for a buyer while their agent walks behind me dumbing down all the problems as though everything costs a couple hundred bucks because they "know a guy" Give me a break. Realtors and the system they use is the problem and we all know it. Audra, how do you feel about this?
So do you suggest sellers do the inspection much before putting on market or after listing it?
I am recommending my sellers do a pre-inspection before putting their house on the market (most of my sellers). The great thing about doing that is when you get an offer, you send over the home inspection with a counter offer and let the buyer know that the property is sold AS IS. If the buyer want to come back and negotiate repairs, you say NO..you made your offer knowing what condition it was in. Now buyers might perform their own inspection and come up with some new "things" to ask for repairs. In my experience, the home inspection minimizes lots of annoying negotiations and sets the expectation upfront. It works for me.
Which is the proper name to call a REALTOR or REALATOR?
You got me: its REAL-TOR. LOL
Audra, what are contingencies?
Hello there! When a buyer makes submits a purchase offer they are saying "I will buy your home UNLESS I am not satisfied with the home inspection, other findings, or if I can't get loan approval". There is a specific timeline in the offer that states the buyer has a certain amount of time to do their investigations and get loan approval. Once that time is up, the buyer is required to sign a document stating that they are all in...this documents is called Contingency Removals. Once you sign off on contingency removals, your earnest money deposit is at risk. Hope that helps.
If I sell as is, how low will it sell below market value? Or selling to cash buyers? Thank you!
I wish I had a good answer for you. It really depends on your market and how many "things" need to be repaired on your property. In my area, we usually sell everything AS IS...so there isn't much of a discount..even for all cash buyers. Every metro area is different...and it also depends on how much deferred maintenance there is on the property. If you are working with an agent, I would suggest you ask them what is customary (condition wise) in your area. They should know...if they don't, I would suggest finding representation that can guide you properly. Do realize there are several companies/investors out there who will buy homes well below market in AS IS condition for probably 20% or more under market. They need to get their money out of the property. They want to be compensated for their time, investment, and risk. Not sure that was much help...but best of luck to you!
Where at? I'm looking to buy right now.
@@honestlylilzay I am located in South Orange County, CA. I live in San Juan Capistrano.
Every metro area has different market times. Most sellers think they are below market value when they are probably right at market value...beware of not making this mistake. In my are, if we list a property below market value it goes into escrow within a week. Cash buyers expect a discount EXCEPT these all cash buyers are met with other all cash buyers creating a bidding war ...driving prices up to market value or above. There are a lot of smart cash buyers out there. If you price your house below market, more than likely you will be working with a cash buyer (at least in my area). Best of luck to you!
@AudraLambert thanks for your input Audra..I am still undecided what I should be doing..I appreciate your response..
I just bought my home in 2020, my inspection was good so why not have my buyer pay/receive the inspection? And also staging is overrated when clearing and setting up your home without paying someone to bring in items is just as possible.
The biggest issue I experience with buyers backing out of escrow (other than not qualifying for a loan) is that they are overwhelmed with the repairs on the property. I hate backing out of escrow because the buyer is too overwhelmed with the repairs required on the property. If you are comfortable with the condition and/or the previous home inspection on your home in 2020, then you're good. As a realtor representing sellers, I will actually "comp" an appraisal and a home inspection on my own dime. When an offer comes in, the buyer has the appraisal and the home inspection to review before finalizing their offer. It limits repair requests, surprises, and has a higher probability of closing escrow. Sounds like you're a hard worker. You can also stage or prep your house for sale without hiring a staging company. I usually comp this for my clients, as well. I put money into the process with the sellers I represent...most realtors don't. If you are working with a realtor who does not work this way, then I suggest doing it yourself. Your house should shine on line to attract buyers. Thanks for the question.
Curb appeal vibe is everything. If you don't grab them from the get go with how the property makes them feel when they arrive, it's an uphill battle winning them over, regardless of repairs and renovations.
@@lucybraun8969 I like your comment. Very true!!
Staging doesn't have to involve paying someone, so no, it is NOT overrated. It's critical.
@@lucybraun8969Well said..thank you!
Half of the last four homes I sold were from buyers that came from neighbors.
Great point...always good to check with neighbors...they like to have a say on who is living next to them. My only concern with doing that is just to ensure you're getting fair market value for your property. An appraisal can assist with that. Thanks for sharing.
What is a realitor?
A realtor is a real estate agent who passed their real estate test and are a member of the National Association of Realtors..who have codes of ethics and standard business practices in place.
We have absolutely no showing. Last week we had a offer 40.000 less counter 20.000 from buyer. Absolutely stupid. Our agent said way way below market value. So we didn't even consider those offers from the one buyer. House down street sold 10 000 over ours no update to that house at all ours is very updated. It took 5 months for that house to sell. Our agent in 2 half months has never shown our house.so frustrated . Margie Az
Margie, I am so sorry. The market has been really weird where I live, as well. For what's its worth, the interest rates aren't helping any the last couple of months. The slightly good news, rates are slowly coming down and should increase buyer demand. I really can't explain why your house isn't selling. What is your agent saying? If you're not getting showings, I would strongly suggest you talk to agent/broker and ask for candid feedback. If they can't give you guidance or offer different strategies, I would re-evaluate your representation. In my area, if we aren't getting showings, it usually means our price is too high. Not sure when your neighbor sold their house down the street...but we are in a way different market with the higher mortgage rates. I wish you luck. I know this must be very frustrating!
@@AudraLambert Thank You. The house 2 doors down sold for 10.000 more than ours one day ago. Our agent told us they the owners gave the buyers a 6600 concession. Our Agent ReMax said the right person will come in time. That's the explanation . So. No explanation. But. Your site is excellent. We are learning alot. And we Thank You for your posts. Margie Kingman Az.
Thank you Margie..I wish you all the luck in the world. Selling a house can be frustrating!
How is your home being marketed from a digital perspective? Paid ads on Google, paid video on TH-cam, etc. Did they shoot short and long-form videos? Are they telling the story of your home of imagining you're kids in the versus a 3 bed 2 bath description? Ad copy also plays a key. Is the ad copy SEO friendly? Yes, it is tough but if you priced as you say and it's show-ready then market market market. Even a small price reduction may get more eyes again. Good luck!
👍
Thanks!!
Hi Audra, I’m a realtor and love your videos including your beautiful and professional appearance however, the Constant laughing is a bit distraction so other than that you are a 10! Keep it up ❤
Girrrl, reduce the damn price by 30%
Not a bad strategy...lol.
I had a realtor once who didn't have the money in our bank for three days...she took advantage of us even knowing that my husband had cancer, and to top it off he worked with her part-time, and she picked the price of our home knowing that she already had a buyer....she is about as evil as evil is...lied and even stole some items out of our vehicle while we were in the house with the buyers on the closing day...THAT'S CALLED BURGLARY TO A VEHICLE, I so wanted to file a police report, but I know that one day she will pay for what's she done....one way or another. She's a thief and the worst realtor we ever had.....
What!! That is one of the worst stories I have ever heard. That realtor should never have had your money to begin with. Ugh...nightmare. So sorry to hear about this. Karma is a witch.
6:53, it's pronounced REAL-TOR, NOT re-let-er.
Whoops, I know that. Surprised I goofed it up. Thanks for the heads up.
You want your viewers to believe you really are a Real Estate expert? Say Realtor correctly. Real-tor (2 syllables.) Not real-a-tor. Please
Did I mention I was blonde? Ugh...I've been working on that.