How To Submit An Offer On A House (Example Contract Walkthrough)
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- เผยแพร่เมื่อ 3 ก.ค. 2024
- Example Contract (EDUCATIONAL USE ONLY): drive.google.com/file/d/1oS61...
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0:00 How To Submit An Offer On A House (Example Contract Walkthrough)
1:18 Disclaimer
1:36 1-6 Address, Parcel Number, Timelines
2:25 9 Price and Terms
3:01 Understand your contract
4:0611 Earnest Money
9:36 Seller Credits
10:01 40 - Settlement Charges
10:56 44- 58 Financing Contingency
11:58 67 Financing Timeframe
15:02 89 Appraisal Contingency
18:11 98-120 Inclusion/ Exclusion of Sale
19:50 204 Home Warranty Program
20:50 208 Property Disclosure
21:23 221- 306 Inspection Contingency
30:58 400 Conveyance and Closing
32:23 418 Date of Closing
35:07 242 Possession and Occupancy
36:15 500 Action and Certification by Seller
38:29 511-514 Accept Reject Counteroffers
39:09 Let's wrap it up
- DISCLAIMER -
Kyle Andrew Seagraves is Federal Mortgage Loan Originator (NMLS 1701021) licensed in all 50 states with the Dan Frio Team at Allied First Bank (NMLS 203463), an Equal Housing Lender. Separately, Kyle owns Win The House You Love LLC, an education company. Win The House You Love LLC is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This video is only for educational usage. All calculations should be verified independently. This video is not an offer to lend and should not be used directly to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice. Allied First Bank is not affiliated with the VA, FHA, or any other government agency. This video has not been approved by any government agency.
I have to throw this in here. There is a hilarious old 90s movie called Moving where this family moved across country to a house and the people not only took most interior things of the house like....kitchen cabinets...but....they took the inground pool! 😂😂😂
Hahah thanks for sharing!
Bought a home a few months ago. The inspector had concerns about the electrical system not being grounded and the wiring. Also the slab and minor roof repairs. The slab had been worked on and the slab company verified the slab was still the same. So we settled with the seller to have the electrical and roof repairs done.
The closing was also delayed as one of the sellers filed for divorce and the judge had to approve and the contract rewritten and re signed.
Just went under contract yesterday after watching for a couple of years. So excited to listen to this video!
Awesome! Thanks for watching. :)
TH-cam doesn't give me a way to message you directly. I just wanted to say thank you for supporting my work by becoming a member! Please email me if you have any questions I can assist you with kyle@winthehouseyoulove.com
@@WinTheHouseYouLove Thanks so much! I had no idea it was even an option until your most recent video. If it’s not you or Javier Vidana, I don’t want to hear it 😆so I’ll continue to support!
You're the best explaining all the process. what app or software you use to draw over your presentation in the ipad?
Is the contract slightly different when purchasing a new construction that has a completion date 3 months away? Also, how should the contact (phone or email) be between lender & buyer during those months waiting? This is my situation, I’m under contract for new construction that has a close date in December. Ernest money paid, yet little to know communication between my lender & me now. The last we spoke I was told that I’d be contacted when needed….the waiting is driving me crazy…
Hey Kyle, i asked a few weeks ago and gonna ask again now, if you were expected to close on a new build by the 15th Feb 2024, would you lock now or still wait it out?
Oof, that's a tough one since rates are so volatile. If it were me, I would wait.