About 30 years ago, we were just putting our house on the market and I was at an event in my neighborhood and someone said, I think our realtor is going to show us your house tomorrow as a comparison for putting our house up for sale. What???? I got the call about such and such real estate office wanting to "show" my house the next day. I called that office and asked if their agent was indeed bringing a potential buyer. Turned out it was of course the agent showing his soon to be listing clients. I refused to let him show the house, ever.
In defense of the 'low-ball offer'... We've made one that worked. The home was overpriced by quite a lot. It'd been on the market nearly one year. It was priced 30% higher than the offer we made (and they accepted). I tend to believe Audra Lambert likely prices her homes correctly, but NOT ALL DO. Right now a house down the street listed July 1 for $1.6. It's July 9 and they made a "price improvement" and they're asking $1.3. That's a lot of money. If I'd offered $1.3 two days ago, would I have offended them with a "low-ball offer"? They have their place. Kind regards and thanks for all the info and great videos.
Well, you make a good point. Sounds like they were way over-priced. Also, if the house sits on the market, sometimes a lower offer may motivate them. I don't love low ball offer the first week out of the gate.
I should have listened to her and interviewed 3 agents. I went with the 2nd because the 1st was like, hire people to do everything. Get landscapers for curb appeal. The 2nd was aggressive too in that they stated that I needed to move out and clear the stuff out before I can sell and even telling me what needs to stay and go with the stuff outside. None of that mattered because if they house didn't sell, I could continue living there. But all they cared about were their commissions. Neither asked the right question. What was my reason for moving and are there ways of accomplishing that without selling and moving? All that they care about was commissions and sales numbers.
@@historicaltvvideos8971 I agree some can be very pushy, I think you should have kept on interviewing until you found someone you really liked and had your best interests in mind, because selling a home is so stressful adding to that an agent who only cares about a commission is a recipe for disaster.
Audra, you have helped me so much to get my home ready to sell and understand some of the realty process! I hope you go to 1 million subs! So much more solid (not the same old rehash) information in each video. Can't thank you enough! Ohio
@@AudraLambert Some people waste their time and energy being vindictive for various reasons including emotional immaturity which feeds their insecurity and jealousy. They don't understand the old saying what goes around comes around. In addition to the obvious problems the person caused, they probably didn't know your manager would be supportive, if you didn't receive support it might have cost you the loss of your job. The ramifications of the action that person took could have been worse. The positive part of what happened is that your manager values you and worked with you to resolve the problem.
Most likely not. There has been a historical concern of a small group of agents limiting their "off market" listings to only agents within certain social or status groups, cutting out other agents and their Buyers. The idea is the broader market access to these properties is in the best interest of the Seller, and potential Buyers. Imagine being a ready, willing and able Buyer losing out to a perfect property just because they weren't part of the "in crowd"... or a Seller who would never really be sure if they got top dollar as the property never hit the "open market". So now there are policies in place to make sure the most possible Buyers have the same access to properties. Agents can share their "off market/coming soon" listing with other agents within their Brokerage and with their own clients, but not with outside agents or general public. The flipside of that is a Seller who explicitly says keep my home off the "public" market for whatever reason (usually security, or privacy, for celebrities), but there is a specific form for that explaining in detail the pros and cons of doing that. An nothing prevents a Broker from taking an "open listing" where they would only get paid upon meeting certain criteria, or no listing agreement at all where the Broker would be trusting the Seller and vice-versa... yet this may get sticky as there are implied agency and representation issues that could arise if a Broker was doing the activities of someone who had a listing... All interesting options...
My buyers agent brought people to my home, after seeing all the photos, and then proceeded to blow up my listing agent’s phone complaining about everything in our house. The paint colors, the mirrors on the walls (yes my house was built in the 80’s) and other negative comments. She basically trashed my house to the buyers and we haven’t had another showing since. I feel like she went on some kind of campaign to discourage other agents from showing my listing. My agent said she was a very nasty person and she really didn’t want her to show the home but couldn’t really deny her. She said she has to play nice with everyone, but now the whole process has stalled. Why would a buyer’s agent not want to sell a home to her buyer’s? A little painting and imagination would overcome these obstacles. I just feel defeated. I hate this whole process.
Omg. I think the snobbery and disrespect and condescension of realtors I’ve dealt with is beyond narcissistic. Realtors can be BAD news. Not Audra! She rocks. ❤
We hired a home inspector as you'd recommended and fixed everything in advance. If a buyer has any issues, they can pound sand. What's going on in Orange County is there are "investor groups" and they offer extremely low ball offer for less than 200k asking price. We've already turned one down, though other people accept these offers out of desperation.
Not just investors, I suspect -- but also flippers. Sick of seeing the cheap, crummy, cosmetic flips in our area that were dated houses snapped up by LLCs -- Merrimack Valley in Massachusetts. Sadly, many buyers can't look through the slap-dash work to see the flippers have just put lipstick on a pig.
@@lanialost1320 Before we moved to the West Coast (for me, back to the west coast) we lived in Western MA. I'm a detail person, though many buyers aren't and big crap.
I did my inspection first. So glad I did. I have remedied a few things that I was not aware of and I also had a roofer come and inspect my roof and he not only completely disagreed with the Home Inspector he said he would give me a letter stating so.
I'm glad you have the guts to bring these issues out in the open. There's a lot to hate about the real estate industry, but your videos are not one of them. Thank-you!
I despise home inspectors. I hate buyers who go to buy a used house because it’s a lot cheaper than a new house then expect it to be like a new house. PEOPLE IF YOU WANT A NEW HOUSE BUY A NEW HOUSE. stop trying to get a new house for a used house price.
Ha! Define "low ball". A grossly overpriced property that has been sitting for 60 days gets a realistic offer and the seller's agent screams, "Low ball offer! I hate low ball offers." If a property is not selling, there is no such thing. As a seller, I'm never offended. It is a starting place.
True that. I wasn't very specific about that statement...I was really referring to low ball offers right off the start. I do agree that if the property has been on the market for awhile, go for it.
Just had the situation u described in your "hate" list. Lol. Always believed that 'as is' means just that. Have sold and purchased over 22 times and have have never asked for repairs...just taken care of them. Thanks 4your videos. Great information.
On the first home I sold (for the third time) a contingent offer was made. We kept it on the market, and it was sold for the fourth time. The agent for the fourth sale was upset that they didn't know there was a contingent offer, and had to wait 48 hours for acceptance. This is one other challenge of accepting a contingent offer.
Your videos are so helpful! I am getting my house ready to put on the market and I am listening to all your advice. I love your advice on contingent offers. I will definitely talk to my realtor if one of those offers comes our way. They seem to be getting more common with houses lingering on the market longer in our area.
I don't really get the "repair list" concept either. You've made an offer on an AS IS sale. The home inspection is done to uncover any "major" issues that the buyer missed in the walk through. If the cost is going to be significant, I understand using it to negotiate a possible price reduction or credit, but stuff like GFCI outlets, etc, the buyer should be willing to take care of that. As you said in your other videos, the other problem is the buyer could be unhappy with the quality of the repair- just ask for a credit and do it yourself after the sale. It's just a silly tradition- try buying a used car anywhere and presenting the seller with a repair list. I guarantee you they will be looking for a hidden camera somewhere.
@@ThatGuy1of1 Not that any of this pertains to the discussion, but lemon laws don't apply to used cars in most states anyway As far as homes go, the entire point of the home inspection and the ability to ask for credits for major issues is done precisely to prevent buyers remorse. At least if you contract to have the work done after the sale, you have a little control over the quality of the work. If you have a sewer mainline problem and the current owner says they will repair it, they are going with the cheapest possible solution. Now that can lead to buyers remorse!
@@kevinmach730 Lemon Laws for used cars apply to ALL states... Ask a Lawyer or Attorney. I know from first hand experience. I agree with you on fixing repairs yourself vs the owner; however, unless the home is priced well below market value (fairly reflecting the amount of repairs/upgrades/updates needed), I know it to be foolish to buy at market value or overprice. The only instance I've seen where it "somewhat" makes sense is when someone's buying for the Long Haul & they absolutely love the house (somewhat emotional decisions).
Audra, you always bring up the best points. I think it’s very important to do my best to keep my home in its best repair AT ALL TIMES. I feel like this…you never know if you ever have to sell your home. I create small projects every summer to update our home. We plan for the projects and save the money and get estimates before we start anything. We live very modestly and approach this type of work very carefully. ❤
If you have a signed listing contract with a home seller, and you start to market their home before the listing date on the listing contract, its considered actively marketing the property. Its so lame!! Anyhow, if someone catches an agent doing this, they get a huge fine. Its all about days on market calculation. I didn't have a listing contract...so I was good. So crazy out there.
My friend just put in a full price offer on a house contingent on the home inspection not finding anything. Well, most of the house must have been wired by someone not knowing the right way and did it backwards - definitely not to code. They were so thankful that they had put that contingency in there! It would have cost thousands to fix. Don't know if the seller even knew it had been done wrong when it was done. Now they know.
My sister in law owned a place that had a finished basement. She was having electrical problems and the light switch in the downstairs bathroom was wired with bell wire and wasn’t even in an electrical box. Who does this stuff?
@@historicaltvvideos8971 "did it backwards" was my quick way of explaining what the inspector explained at length as to how whoever did the electric didn't know what they were doing as in 'a$$ backward'. It is a big fire hazard.
Thank you for your honest videos on Real Estate. I'm learning so much!! I'm so tired of Realtors gaslighting and their attempts to predict the financial market. I can see why a jealous, likely dishonest realtor reported you. Your honesty is a threat to those who are not honest!!!
I just subscribed to your channel. You have great knowledge in your career by wanting to make awareness for the buyer/seller. Thank you very much for all the hard work that you put into your videos.
Thank you Audra, I always enjoy your videos! I subscribed because I've learned a lot from your valuable content. The extra bonus is your funny personality which always makes me smile and laugh.
We sold our rental house a few months ago and OMG the buyers had an inspection done and insisted on every little thing being done! It was so frustrating, but just wanted to sell the house and be done with it. The person doing the inspection was ridiculous and the buyers were first time home owners and had no idea what was important. Things like the oven didn't have a safety strap connecting it to the wall lol. Just non sense stuff, but time consuming and annoying.
If the buyers had a realtor, they should have advised the newbies what’s important to repair. This happened to us when we purchased our first home. Thankfully our realtor told us what was necessary (new roof) and what we could fix ourself after closing.
This made me think about the number of things those buyers with the nit picky buyers fail to learn. Yes we fixed about half because the were either simple and we had the expertise and tools to do it immediately; there was one that was more serious but either could have fixed. They also asked that all the paint and tiles, that were carefully stacked under a stairway that wasn’t very good for storage, be completely removed. We agreed but wanted assurance that they knew they were asking for matching paint, and tiles to be thrown away! They still weren’t sure but decided not to have us throw them out! Several request were dangerous and we refused. The buyer was nice and easy to get along so hubby offered to answer questions after he was moved in. He truly didn’t know how to shut the water off to the outside even though previously explained, and didn’t understand the ramifications of not doing it! For what it is worth he only called about 3 times and they were new buyer questions.
We are putting our house up for sale. I just found your you tube site and I love all your helpful information. In one of your talks you mentioned you had a lender we could use when we buy our new home. How do I get in touch with you to get this information? Thank-you!!!!!
I don't have a problem with lowball offers. The only reason that I listed my house high is because I'm not working so I don't have income. If someone wants to buy it, that means that they have income and can buy it. If I had money coming in, I'd sell it for less because I hate how the housing market is going up.
@@nonamegivenatbirth No. People who have income can pay more because they have and can get the money. I thus don't feel sorry for them for charging more. I'm typically against selling a house for profit, but when this is the equation, I'm good with it. I believe houses should sell for what one pays for it.
Audra, would you help clarify what the August 17th, 2024 "written buyer agreements" are? ( Beginning August 17, 2024, an MLS Participant “working with” a buyer will be required to enter into a written agreement with the buyer prior to touring a home, including both inperson and live virtual tours. This resource provides information about what provisions must be included in the written agreement pursuant to the NAR settlement as well as other provisions that, while not required by the settlement, MLS Participants may consider addressing with their clients.). Love your channel, BTW. 50,000 subscribers....YAY! go for it!
Hello there...I will do another video on this. However, the buyer is required to sign an agreement with their buyer's agent stating they will hire them and for a certain commission amount. MLS will not longer be able to publish commission in MLS. The buyer then will write their offer including their buyer's agent's commission into the agreement. The seller can either agree or not.
Since the economy has tanked, (at least for the peasants) even the cost of the formerly nit-picky items must be calculated into the cost. I’m 61, I can remember being able to buy a gallon of GOOD paint for $8.00 a gallon, just look a the price of paint today, which is one of the easiest cosmetic improvements to make to your property. Every upgrade is expensive even if you do the work yourself. I’m so glad that I am not in the market for a home right now.
I agree with the repair part. The buyers should fix what they want repaired. The buyer agents suggest or recommend termite and other inspections but that only tells if there is something wrong but does not fix anything. What good are they? The buyer should go through and test everything as if they lived there. They should go through there morn, day and evening, rain and shine and not rely on inspectors. They need to learn how to fix things or hire someone. People are just lazy today. The thing is that the seller can live there for 5 to 10 years and not make any changes because they are not necessary but somehow the buyers, or rather the realtors think that they are necessary. If they are necessary the sellers would change things because they are necessary. That is why realtors should not tell he owner to move out before selling. If offers don't come in or if the buyers make demands then the seller can tell them to get lost because the seller can still live there. There is no requirement to move.
Yes, I hear ya. I wasn't very clear about that...I meant low ball offers early in the process. If a house is over prices...days on market is very convincing.
What I hate is that the buyer does not work with the seller. Their realtors work with each other like lawyers work with each other. And when realtors give up control to the byers. Contingent offers are not bad, if the seller does not give up control. Realtors like to give up control just for the sale.
In my opinion, you treat everyone with respect. The good news about selling your home is that its a temporary situation. You just breath in and out..know that there are some things you cannon control. Its not fun though.
Interesting question. I would hate it if a person (now a realtor) badmouthed my home to prevent a sale or making me have to lower the price when the price was fair.
@@patriotgrammy8632 That's probably one thing they could try to do but I would like to know any and all possibilities so I could be ahead of the game as much as possible.
I think a lot of people have to sell there current home before they buy a new home We are making that contingent on buying and selling our home It is just too much risk for the buyer/seller now with the higher price of homes not to sell yours first Who wants to be stuck with two houses? I don’t see the problem as it usually take at least 2 months for paperwork anyway when selling/ buying a home Every one is in the same boat
@Audra, I rec'd an unsolicited text from an agent telling me that they sent my "Home evaluation report" to some e-mail account (NOT MY E-MAIL), that I never asked for. I contacted them and screamed bloody hell. They said that I signed up online to get the report (which is a LIE), and then hung up on me. I contacted our local Real Estate ethics dept here in AZ to report them and haven't heard back over 3 days. What type of VIOLATION IS THIS? I'm very upset over this. Any help would be appreciated!!!
A home listed without a home inspection report is trying to hide the issues. Its kind of the same as listing a home in a bad neighborhood but not telling buyers the address until they are emotionally attached.
@@Jane-z9d I understand but we really don't have anything to gain by doing a soft report. Everything is what it is and most of its grey, or is it gray?
Today is right day to do this as today is all about processing and discipline are getting things done. Balance between the sun and the moon Sun shining on the every day issues you may have been putting off and moon reflecting back saying yes. While it is quite now when things get a little spicy you will be prepared. No one likes Suprises . Audra you have all your feelers out today not only in the market and what is happening but in this little slow down. Gets these things done. When the Market pops back up and I predict it will once the country makes the right decision after Nov elections. We will have clarity .. No surprise about that. There will pent up demand. At least that is the way I think it is going to happen. Thanks for your advice. I was trying to sell my house 3,000,000 In Scottsdale AZ and we took it off the market after 8 months. I had just found your channel. I know most of these things but you opened my eyes on some great new tips and just reinforced ones that can just slip when you have a little break in the market and time to regroup, So I will be ready if we want to sell next year. Cheers and 🙏
Once I found a home that I wanted. I truthfully told the seller’s agent how much I could spend, which was a couple of thousand less than it was listed for. I wasn’t trying to low-ball him. He said that it wouldn’t hurt to make an offer, so I did. The seller (a builder) said to tell me to go to a very warm place. We had a good laugh and I kept looking. Two weeks later the seller’s agent called me saying that the builder changed his mind and accepted my offer and he hoped I wasn’t offended by his original response.
I’m surprised with all the experience that you have you request the seller to do the home inspection. If you’ve done home inspections before you know that every Inspector nitpick something that the other Inspector didn’t pick so you’re just going to get involved in cats and mouse game. I want time had an inspection, and I addressed every single item in the inspection. The second Inspector came up with 20 defects that the first Inspector didn’t notice hence fixed also and we’re dressed some of the other ones of the second inspection and the last buyer when he got the inspection , he still came out with bunch of stuff but the first or the second inspection didn’t come up with.
WOW! The other agent who reported you won't do well in the business. What you did is not unusual and no one will want to give her any heads up on a property they know her buyer would want. What an idiot!
Were you selling without listing with MLS which legally you should have done? Rules are for everyone so if you broke the rule then take ownership of the consequences.
Steven Steven, I did nothing illegal. I didn't have a listing contact in place with any of the 5 properties I was trying to coordinate an offer. If I did have a listing agreement, I would be in the wrong. I had permission by the sellers to assist with bringing in buyers if the opportunity presented themselves. You don't need to put a house in MLS to sell a house. We sell off market listings everyday without having a listing agreement. The point: Agents should work together not against each other. If you are working with an agent with a bad reputation, you could be shooting yourself in the foot. Some agents won't give another agent the time of day if they are unethical. Give me a break...Of course I would take ownership. Its not cool having ding dongs creating havoc for others. I am sure you agree.
@@AudraLambert Thanks for taking the time for such a lengthy explanation. I never doubted your integrity. I’ve watched quite a few of your videos. You share some great points for anyone buying or selling . Thanks for providing such great content for us homeowners that don’t buy or sell enough houses to get proficient at it.
I hope you're willing to take ownership for making the most stupid comment about Audra. Why would you lecture a successful adult about ownership of anything? You have way too much time on your hands if you think you're superior enough to make such rediculous assumptions and false judgements.
She says she is a top agent in the OC (the richest county in SoCal) and whines about $2500??? (fair or unfair fine aside) that's pocket change for her smh. Also all the "I hate' about your job. well you gotta grind it Missy. Some realtors just want their commission by barely lifting a finger. Ludicrous. Now, you may be not be one of those realtors but, in all honesty, this video didn't do you a service because you hate pretty much everything about your job except getting the commission check. LOL.
About 30 years ago, we were just putting our house on the market and I was at an event in my neighborhood and someone said, I think our realtor is going to show us your house tomorrow as a comparison for putting our house up for sale. What???? I got the call about such and such real estate office wanting to "show" my house the next day. I called that office and asked if their agent was indeed bringing a potential buyer. Turned out it was of course the agent showing his soon to be listing clients. I refused to let him show the house, ever.
Good for you. That's not was private showings are for. ..they can just look on line. Ugh.
In her case, it was 30 years ago, before photos and much online.@@AudraLambert
In defense of the 'low-ball offer'... We've made one that worked. The home was overpriced by quite a lot. It'd been on the market nearly one year. It was priced 30% higher than the offer we made (and they accepted). I tend to believe Audra Lambert likely prices her homes correctly, but NOT ALL DO. Right now a house down the street listed July 1 for $1.6. It's July 9 and they made a "price improvement" and they're asking $1.3. That's a lot of money. If I'd offered $1.3 two days ago, would I have offended them with a "low-ball offer"? They have their place. Kind regards and thanks for all the info and great videos.
Well, you make a good point. Sounds like they were way over-priced. Also, if the house sits on the market, sometimes a lower offer may motivate them. I don't love low ball offer the first week out of the gate.
such good advice, I can't stop watching, and I am not even selling my home! LOL
I am so glad I listened to you and interviewed 3 agents, because the last agent was the best one, thank you Audra for all your advice and tips!!!
You are so very welcome!!
I should have listened to her and interviewed 3 agents. I went with the 2nd because the 1st was like, hire people to do everything. Get landscapers for curb appeal. The 2nd was aggressive too in that they stated that I needed to move out and clear the stuff out before I can sell and even telling me what needs to stay and go with the stuff outside.
None of that mattered because if they house didn't sell, I could continue living there. But all they cared about were their commissions.
Neither asked the right question. What was my reason for moving and are there ways of accomplishing that without selling and moving? All that they care about was commissions and sales numbers.
@@historicaltvvideos8971 I agree some can be very pushy, I think you should have kept on interviewing until you found someone you really liked and had your best interests in mind, because selling a home is so stressful adding to that an agent who only cares about a commission is a recipe for disaster.
Audra, you have helped me so much to get my home ready to sell and understand some of the realty process! I hope you go to 1 million subs! So much more solid (not the same old rehash) information in each video. Can't thank you enough! Ohio
Wow...thank you from California. So happy to help!!
Okay I'm not selling my home but I'm addicted to your videos Great job❤
The Realtor who behaved badly by reporting you probably is jealous of your success.
Probably right. Its just not cool. What's wrong with people now-a -days?
@@AudraLambert Some people waste their time and energy being vindictive for various reasons including emotional immaturity which feeds their insecurity and jealousy. They don't understand the old saying what goes around comes around. In addition to the obvious problems the person caused, they probably didn't know your manager would be supportive, if you didn't receive support it might have cost you the loss of your job. The ramifications of the action that person took could have been worse. The positive part of what happened is that your manager values you and worked with you to resolve the problem.
@@AudraLambert shameful, period.
Most likely not. There has been a historical concern of a small group of agents limiting their "off market" listings to only agents within certain social or status groups, cutting out other agents and their Buyers. The idea is the broader market access to these properties is in the best interest of the Seller, and potential Buyers. Imagine being a ready, willing and able Buyer losing out to a perfect property just because they weren't part of the "in crowd"... or a Seller who would never really be sure if they got top dollar as the property never hit the "open market". So now there are policies in place to make sure the most possible Buyers have the same access to properties. Agents can share their "off market/coming soon" listing with other agents within their Brokerage and with their own clients, but not with outside agents or general public. The flipside of that is a Seller who explicitly says keep my home off the "public" market for whatever reason (usually security, or privacy, for celebrities), but there is a specific form for that explaining in detail the pros and cons of doing that. An nothing prevents a Broker from taking an "open listing" where they would only get paid upon meeting certain criteria, or no listing agreement at all where the Broker would be trusting the Seller and vice-versa... yet this may get sticky as there are implied agency and representation issues that could arise if a Broker was doing the activities of someone who had a listing... All interesting options...
@@AudraLamberthaters and mean and nasties out there. We are supposed to be cooperating brokers. 🎉🎉🎉
My buyers agent brought people to my home, after seeing all the photos, and then proceeded to blow up my listing agent’s phone complaining about everything in our house. The paint colors, the mirrors on the walls (yes my house was built in the 80’s) and other negative comments. She basically trashed my house to the buyers and we haven’t had another showing since. I feel like she went on some kind of campaign to discourage other agents from showing my listing. My agent said she was a very nasty person and she really didn’t want her to show the home but couldn’t really deny her. She said she has to play nice with everyone, but now the whole process has stalled. Why would a buyer’s agent not want to sell a home to her buyer’s? A little painting and imagination would overcome these obstacles. I just feel defeated. I hate this whole process.
Omg. I think the snobbery and disrespect and condescension of realtors I’ve dealt with is beyond narcissistic. Realtors can be BAD news. Not Audra! She rocks. ❤
Those realtors only want to sell their listings, I've dealt with 3 blown purchases because of this tactic.
We hired a home inspector as you'd recommended and fixed everything in advance. If a buyer has any issues, they can pound sand. What's going on in Orange County is there are "investor groups" and they offer extremely low ball offer for less than 200k asking price. We've already turned one down, though other people accept these offers out of desperation.
Not just investors, I suspect -- but also flippers. Sick of seeing the cheap, crummy, cosmetic flips in our area that were dated houses snapped up by LLCs -- Merrimack Valley in Massachusetts. Sadly, many buyers can't look through the slap-dash work to see the flippers have just put lipstick on a pig.
@@lanialost1320 Before we moved to the West Coast (for me, back to the west coast) we lived in Western MA. I'm a detail person, though many buyers aren't and big crap.
You are right about that.
I did my inspection first. So glad I did. I have remedied a few things that I was not aware of and I also had a roofer come and inspect my roof and he not only completely disagreed with the Home Inspector he said he would give me a letter stating so.
I'm glad you have the guts to bring these issues out in the open. There's a lot to hate about the real estate industry, but your videos are not one of them. Thank-you!
Your Chanel will hit 50K soon!
Yah...I am so excited. I never thought I'd ever get close. So fun...and I am so appreciative of everyone's support.
I despise home inspectors. I hate buyers who go to buy a used house because it’s a lot cheaper than a new house then expect it to be like a new house. PEOPLE IF YOU WANT A NEW HOUSE BUY A NEW HOUSE. stop trying to get a new house for a used house price.
Except that prices for new homes are the same as used homes. Depreciation does not factor into it as much as a car.
Ha! Define "low ball". A grossly overpriced property that has been sitting for 60 days gets a realistic offer and the seller's agent screams, "Low ball offer! I hate low ball offers." If a property is not selling, there is no such thing. As a seller, I'm never offended. It is a starting place.
She did not say that (in her case) the property was "sitting for 60 days" and was "grossly overpriced."
True that. I wasn't very specific about that statement...I was really referring to low ball offers right off the start. I do agree that if the property has been on the market for awhile, go for it.
Just had the situation u described in your "hate" list. Lol. Always believed that 'as is' means just that. Have sold and purchased over 22 times and have have never asked for repairs...just taken care of them. Thanks 4your videos. Great information.
On the first home I sold (for the third time) a contingent offer was made. We kept it on the market, and it was sold for the fourth time. The agent for the fourth sale was upset that they didn't know there was a contingent offer, and had to wait 48 hours for acceptance. This is one other challenge of accepting a contingent offer.
Very helpful! Thank you!
You're welcome, so glad you enjoyed this one.
Your videos are so helpful! I am getting my house ready to put on the market and I am listening to all your advice. I love your advice on contingent offers. I will definitely talk to my realtor if one of those offers comes our way. They seem to be getting more common with houses lingering on the market longer in our area.
First off...you are so very welcome...and yes, contingent offers are getting more common when the market slows a bit. Not in love with it.
I don't really get the "repair list" concept either. You've made an offer on an AS IS sale. The home inspection is done to uncover any "major" issues that the buyer missed in the walk through. If the cost is going to be significant, I understand using it to negotiate a possible price reduction or credit, but stuff like GFCI outlets, etc, the buyer should be willing to take care of that. As you said in your other videos, the other problem is the buyer could be unhappy with the quality of the repair- just ask for a credit and do it yourself after the sale. It's just a silly tradition- try buying a used car anywhere and presenting the seller with a repair list. I guarantee you they will be looking for a hidden camera somewhere.
You obviously haven't heard of lemon law with cars, or buyers remorse with houses.
@@ThatGuy1of1 Not that any of this pertains to the discussion, but lemon laws don't apply to used cars in most states anyway As far as homes go, the entire point of the home inspection and the ability to ask for credits for major issues is done precisely to prevent buyers remorse. At least if you contract to have the work done after the sale, you have a little control over the quality of the work. If you have a sewer mainline problem and the current owner says they will repair it, they are going with the cheapest possible solution. Now that can lead to buyers remorse!
@@kevinmach730 Lemon Laws for used cars apply to ALL states... Ask a Lawyer or Attorney. I know from first hand experience. I agree with you on fixing repairs yourself vs the owner; however, unless the home is priced well below market value (fairly reflecting the amount of repairs/upgrades/updates needed), I know it to be foolish to buy at market value or overprice. The only instance I've seen where it "somewhat" makes sense is when someone's buying for the Long Haul & they absolutely love the house (somewhat emotional decisions).
Audra, you always bring up the best points. I think it’s very important to do my best to keep my home in its best repair AT ALL TIMES. I feel like this…you never know if you ever have to sell your home. I create small projects every summer to update our home. We plan for the projects and save the money and get estimates before we start anything. We live very modestly and approach this type of work very carefully. ❤
It's pretty bad when a trusted agent goes rogue like that. There's no law banning off-market sales, so what the heck was that all about?
If you have a signed listing contract with a home seller, and you start to market their home before the listing date on the listing contract, its considered actively marketing the property. Its so lame!! Anyhow, if someone catches an agent doing this, they get a huge fine. Its all about days on market calculation. I didn't have a listing contract...so I was good. So crazy out there.
Please address HOAs aka….in your and your clients experiences
There are HOAs that hardly have any rules and some that try to tell you what color your drapes should be.
My friend just put in a full price offer on a house contingent on the home inspection not finding anything. Well, most of the house must have been wired by someone not knowing the right way and did it backwards - definitely not to code. They were so thankful that they had put that contingency in there! It would have cost thousands to fix. Don't know if the seller even knew it had been done wrong when it was done. Now they know.
My sister in law owned a place that had a finished basement. She was having electrical problems and the light switch in the downstairs bathroom was wired with bell wire and wasn’t even in an electrical box. Who does this stuff?
Wow. Most offers are contingent on the buyer doing their investigations. I am so glad they did their research. Dodged a bullet.
Just because you thought it was backwards, doesn't mean it was wrong and needed to be fixed.
@@historicaltvvideos8971 "did it backwards" was my quick way of explaining what the inspector explained at length as to how whoever did the electric didn't know what they were doing as in 'a$$ backward'. It is a big fire hazard.
Thank you for your honest videos on Real Estate. I'm learning so much!! I'm so tired of Realtors gaslighting and their attempts to predict the financial market. I can see why a jealous, likely dishonest realtor reported you. Your honesty is a threat to those who are not honest!!!
All valid points/ objections; excellent advice!
Ahh...thank you!! Really appreciate it.
I just subscribed to your channel. You have great knowledge in your career by wanting to make awareness for the buyer/seller. Thank you very much for all the hard work that you put into your videos.
Ahh..so glad you subscribed. Thank you for your support. Thanks for you kind words.
Thank you, Audra, very informative videos, as usual. thank you for your time!
You are so very welcome!! Happy to help.
Good show I may never sell, do show about friends neighbors past and present who are agents!
Thanks you...and will do.
Would love to hear your thoughts about buying or selling a home in a 55+ community.
Thank you Audra, I always enjoy your videos! I subscribed because I've learned a lot from your valuable content. The extra bonus is your funny personality which always makes me smile and laugh.
Ahh...that's so nice. I really appreciate your kind words. Glad you are enjoying my videos.
@@AudraLambert You have the best videos on the topic of real estate!
We sold our rental house a few months ago and OMG the buyers had an inspection done and insisted on every little thing being done! It was so frustrating, but just wanted to sell the house and be done with it. The person doing the inspection was ridiculous and the buyers were first time home owners and had no idea what was important. Things like the oven didn't have a safety strap connecting it to the wall lol. Just non sense stuff, but time consuming and annoying.
If the buyers had a realtor, they should have advised the newbies what’s important to repair. This happened to us when we purchased our first home. Thankfully our realtor told us what was necessary (new roof) and what we could fix ourself after closing.
@@pamelayeager2083 Their realtor seemed to instigate things more! I think she was trying to be a hero and get them money off.
I hear ya...I hate that. I really like to avoid those situations. Its so annoying. Thanks for sharing.
@@pamelayeager2083 New roofs are not necessary. Insurance covers that. Just wait for a storm and file a claim.
Those range safety straps or clips are very important for safety
great information thankyou for sharing
You are so very welcome. Glad I could help.
This made me think about the number of things those buyers with the nit picky buyers fail to learn. Yes we fixed about half because the were either simple and we had the expertise and tools to do it immediately; there was one that was more serious but either could have fixed. They also asked that all the paint and tiles, that were carefully stacked under a stairway that wasn’t very good for storage, be completely removed. We agreed but wanted assurance that they knew they were asking for matching paint, and tiles to be thrown away! They still weren’t sure but decided not to have us throw them out! Several request were dangerous and we refused. The buyer was nice and easy to get along so hubby offered to answer questions after he was moved in. He truly didn’t know how to shut the water off to the outside even though previously explained, and didn’t understand the ramifications of not doing it! For what it is worth he only called about 3 times and they were new buyer questions.
Hello there..I really don't like it when the new buyer has the previous phone numbers. It can get messy. Glad everything worked out in your favor.
@@AudraLambert Yep, me too!
This was one of your BEST! Thank you.
Pool- do u recommend listing with a note that the pool is as is?
We are putting our house up for sale. I just found your you tube site and I love all your helpful information. In one of your talks you mentioned you had a lender we could use when we buy our new home. How do I get in touch with you to get this information? Thank-you!!!!!
Another great interesting video. And entertaining as well. 😊
So glad you. liked it...thank you.
Thank you again Audra.
You are so very welcome!!
You have a lot of energy 🤓
THANK YOU AUDRA ….. YES DRAMA FREE, NO MADNESS nor FOOLISHNESS. SELLERS CAN SAY NOOOOOOO! IF NOT FOR AN EMERGENCY AVOID RUSHING
Can't agree more:)
I don't have a problem with lowball offers. The only reason that I listed my house high is because I'm not working so I don't have income. If someone wants to buy it, that means that they have income and can buy it. If I had money coming in, I'd sell it for less because I hate how the housing market is going up.
Your lack of income doesn’t dictate the value your house. The free market does that. 🙄
@@nonamegivenatbirth No. People who have income can pay more because they have and can get the money. I thus don't feel sorry for them for charging more. I'm typically against selling a house for profit, but when this is the equation, I'm good with it. I believe houses should sell for what one pays for it.
Audra, would you help clarify what the August 17th, 2024 "written buyer agreements" are? ( Beginning August 17, 2024, an MLS Participant “working with” a buyer will be required to
enter into a written agreement with the buyer prior to touring a home, including both inperson and live virtual tours. This resource provides information about what provisions must
be included in the written agreement pursuant to the NAR settlement as well as other provisions that, while not required by the settlement, MLS Participants may consider
addressing with their clients.). Love your channel, BTW. 50,000 subscribers....YAY! go for it!
Hello there...I will do another video on this. However, the buyer is required to sign an agreement with their buyer's agent stating they will hire them and for a certain commission amount. MLS will not longer be able to publish commission in MLS. The buyer then will write their offer including their buyer's agent's commission into the agreement. The seller can either agree or not.
It sounds like getting home insurance is getting stickier, if the home repairs are not up to snuff, you are not getting house insurance?
Not usually an issue unless the repairs were just terrible
Since the economy has tanked, (at least for the peasants) even the cost of the formerly nit-picky items must be calculated into the cost. I’m 61, I can remember being able to buy a gallon of GOOD paint for $8.00 a gallon, just look a the price of paint today, which is one of the easiest cosmetic improvements to make to your property. Every upgrade is expensive even if you do the work yourself. I’m so glad that I am not in the market for a home right now.
I agree with the repair part. The buyers should fix what they want repaired. The buyer agents suggest or recommend termite and other inspections but that only tells if there is something wrong but does not fix anything. What good are they? The buyer should go through and test everything as if they lived there. They should go through there morn, day and evening, rain and shine and not rely on inspectors. They need to learn how to fix things or hire someone. People are just lazy today.
The thing is that the seller can live there for 5 to 10 years and not make any changes because they are not necessary but somehow the buyers, or rather the realtors think that they are necessary. If they are necessary the sellers would change things because they are necessary.
That is why realtors should not tell he owner to move out before selling. If offers don't come in or if the buyers make demands then the seller can tell them to get lost because the seller can still live there. There is no requirement to move.
Nothing wrong with lowball offers. Some sellers are more motivated than others. Sometimes it just thier dream price.
Yes, I hear ya. I wasn't very clear about that...I meant low ball offers early in the process. If a house is over prices...days on market is very convincing.
What I hate is that the buyer does not work with the seller. Their realtors work with each other like lawyers work with each other. And when realtors give up control to the byers. Contingent offers are not bad, if the seller does not give up control. Realtors like to give up control just for the sale.
what do you do when appraiser calls to say they are not coming for their appointment in 20 minutes
In my opinion, you treat everyone with respect. The good news about selling your home is that its a temporary situation. You just breath in and out..know that there are some things you cannon control. Its not fun though.
You’re the best
Can a past "neighbor from hell" who just became a realtor, in same town, do anything to prevent or jeopardize the sale of your home?
Interesting question. I would hate it if a person (now a realtor) badmouthed my home to prevent a sale or making me have to lower the price when the price was fair.
@@patriotgrammy8632 That's probably one thing they could try to do but I would like to know any and all possibilities so I could be ahead of the game as much as possible.
I think a lot of people have to sell there current home before they buy a new home
We are making that contingent on buying and selling our home
It is just too much risk for the buyer/seller now with the higher price of homes not to sell yours first
Who wants to be stuck with two houses?
I don’t see the problem as it usually take at least 2 months for paperwork anyway when selling/ buying a home
Every one is in the same boat
Contingencies are they way I have bought my properties. But, the last one I had to cone in with the money in 30 days.
That must have been before 2020....
wish you worked on the other coast - accept no substitutions!
Ahh..thank you.
@Audra, I rec'd an unsolicited text from an agent telling me that they sent my "Home evaluation report" to some e-mail account (NOT MY E-MAIL), that I never asked for. I contacted them and screamed bloody hell. They said that I signed up online to get the report (which is a LIE), and then hung up on me. I contacted our local Real Estate ethics dept here in AZ to report them and haven't heard back over 3 days. What type of VIOLATION IS THIS? I'm very upset over this. Any help would be appreciated!!!
Was it just a wrong phone number? This doesn't make sense.
How do you find an honest Home Inspector in Los Angeles County?
You do a lot of research. Go one line and read their reviews. Its a good place to start.
A home listed without a home inspection report is trying to hide the issues. Its kind of the same as listing a home in a bad neighborhood but not telling buyers the address until they are emotionally attached.
Interesting example..I do agree.
I disagree. I would never trust a home inspection paid for by the Seller.
@@Jane-z9d I understand but we really don't have anything to gain by doing a soft report. Everything is what it is and most of its grey, or is it gray?
In my area, contingent sales are 30% of the market.
Ugh..I am sorry. Just not fun. Its a lot of waiting and praying.
Today is right day to do this as today is all about processing and discipline are getting things done. Balance between the sun and the moon Sun shining on the every day issues you may have been putting off and moon reflecting back saying yes. While it is quite now when things get a little spicy you will be prepared. No one likes Suprises . Audra you have all your feelers out today not only in the market and what is happening but in this little slow down. Gets these things done. When the Market pops back up and I predict it will once the country makes the right decision after Nov elections. We will have clarity .. No surprise about that. There will pent up demand. At least that is the way I think it is going to happen. Thanks for your advice. I was trying to sell my house 3,000,000 In Scottsdale AZ and we took it off the market after 8 months. I had just found your channel. I know most of these things but you opened my eyes on some great new tips and just reinforced ones that can just slip when you have a little break in the market and time to regroup, So I will be ready if we want to sell next year. Cheers and 🙏
Once I found a home that I wanted. I truthfully told the seller’s agent how much I could spend, which was a couple of thousand less than it was listed for. I wasn’t trying to low-ball him. He said that it wouldn’t hurt to make an offer, so I did. The seller (a builder) said to tell me to go to a very warm place. We had a good laugh and I kept looking. Two weeks later the seller’s agent called me saying that the builder changed his mind and accepted my offer and he hoped I wasn’t offended by his original response.
Good for you...and that offer seemed very reasonable. Well done!!
Knucklehead thing, ha!
That kinda makes me laugh too. There are a lot of em out there. LOL.
I’m surprised with all the experience that you have you request the seller to do the home inspection. If you’ve done home inspections before you know that every Inspector nitpick something that the other Inspector didn’t pick so you’re just going to get involved in cats and mouse game.
I want time had an inspection, and I addressed every single item in the inspection. The second Inspector came up with 20 defects that the first Inspector didn’t notice hence fixed also and we’re dressed some of the other ones of the second inspection and the last buyer when he got the inspection , he still came out with bunch of stuff but the first or the second inspection didn’t come up with.
WOW! The other agent who reported you won't do well in the business. What you did is not unusual and no one will want to give her any heads up on a property they know her buyer would want. What an idiot!
Were you selling without listing with MLS which legally you should have done?
Rules are for everyone so if you broke the rule then take ownership of the consequences.
Steven Steven, I did nothing illegal. I didn't have a listing contact in place with any of the 5 properties I was trying to coordinate an offer. If I did have a listing agreement, I would be in the wrong. I had permission by the sellers to assist with bringing in buyers if the opportunity presented themselves. You don't need to put a house in MLS to sell a house. We sell off market listings everyday without having a listing agreement. The point: Agents should work together not against each other. If you are working with an agent with a bad reputation, you could be shooting yourself in the foot. Some agents won't give another agent the time of day if they are unethical. Give me a break...Of course I would take ownership. Its not cool having ding dongs creating havoc for others. I am sure you agree.
@@AudraLambert Thanks for taking the time for such a lengthy explanation. I never doubted your integrity.
I’ve watched quite a few of your videos. You share some great points for anyone buying or selling . Thanks for providing such great content for us homeowners that don’t buy or sell enough houses to get proficient at it.
I hope you're willing to take ownership for making the most stupid comment about Audra. Why would you lecture a successful adult about ownership of anything? You have way too much time on your hands if you think you're superior enough to make such rediculous assumptions and false judgements.
mahalo
She says she is a top agent in the OC (the richest county in SoCal) and whines about $2500??? (fair or unfair fine aside) that's pocket change for her smh. Also all the "I hate' about your job. well you gotta grind it Missy. Some realtors just want their commission by barely lifting a finger. Ludicrous. Now, you may be not be one of those realtors but, in all honesty, this video didn't do you a service because you hate pretty much everything about your job except getting the commission check. LOL.
Another depressing realtor who took to many "Happy Pills"...