We paid cash and had to close about 2 weeks after going under contract. We didn’t have time to schedule a walk through until about the day of closing. I do understand what you mean though. A very good video. So appreciate your useful content.
You can do it! As weird as this will sound, my friend told me to write out each step on a really nice piece of stationery paper and cross it off one at a time when it’s done. That paper will keep you accountable and also provide encouragement as you look back and see all that you’ve accomplished. Once I closed, I framed that paper and hung it up in my home office.
My offer was just accepted! Ahhhhh!!!!! My very first offer! Looking up inspectors now! THANK YOU for this video. I think ill go have an adult beverage now😂
Great video. I’ve paid my earnest, inspection done, home insurance bought, survey in progress and I close on the 13th. Am I missing anything? Title insurance and warrantee is paid at closing?
1. Don’t celebrate. - maybe one adult beverage. 2. Write out all your contingencies. - inspection, financing, appraisal, etc... 3. Earnest money deposit - 1-3% of sales price. 4. The home inspection. Schedule this immediately. 5. Get lender on speed dial. - Get documents time your lender. 6. Stay in touch. Communicate. - Owner, title company, appraiser, etc... 7. Get the estimated cost of closing as soon as you can. 8. Think logically, not emotionally. 9. Check in with title company, lender, and real estate agent. - understand where each party is in the transaction. 10. Schedule final walk through a week before closing. - have wiggle room to make sure everything is the way it should be.
We bought new duplex house house last year month of May(Duplex House 1 unit) but now we found out that is not recorded properly both duplex 2 unit tax is put on my tax bill. When we called title company they are not ready to accept their mistake not ready to correct it. Now they are saying that is our fault?
Really enjoyed this video!😘😘😘 my goal is to watch or read something beneficial to my RE career each day, and somehow I’m drawn to all ur videos;) prolly bc you speak the lingo tha newbies like me can relate too...and all ur videos are very practical videos 😘 my question is...offer accepted, contract in place...1) get inspection ASAP...first thing on the list right!? Then as soon as I get the inspection report back, I call the lender!? Just to make sure that I’m not paying the inspection, appraisal, and title stuff all at once ...then to find out, the house failed inspection. And That’s a lot of money out wo the house !?thanks;)
Thanks for the support Loan! Really appreciate you watching. Yes, you are correct. Inspection first, then pay for the appraisal. However, you do want to be sure you've been pre approved by alender before going under contract but sounds like if you've watched any of my videos, you know that already!
Matt Leighton if it’s a cash paying home, do I still need an appraisal!? Assuming it passed inspection, good to go right!? No need for appraisal since it’s not financed by the bank!
Selling my home fsbo. Buyer sent offer we signed contract. He offered to use his title company closing is next week. I haven’t heard a word from him or title? Is this good?
@@TheMattLeighton Ok will do. If he backs out it’s cool but I would at least like if he inform me instead of dragging out contract until closing date which is set for the 23rd. Last email I got from them was they look forward to closing.
I've been told not to do the walk-through too far in advance because the seller might try to take items that were supposed to be left behind in the contract.
The goal should be to do the walkthrough about 3 days before closing. Remember as the buyer, you have the power so if the property is not in the same condition as it is stated in the contract, you don't have to sign until the seller fixes whatever issue has come up
My agent told me that the inspection period should only be around 7 days but my brother's agent and my friend who used to be an agent in another state said the inspection period should go all the way up to a week before closing that way you have time for all the inspections you want/need as well as getting quotes for things that come back on the home inspection. Your comment about 7 days then 10 days confused me so where do you stand on length of inspection period?
Thank you. These houses have been on the market a while so I feel comfortable asking for a little longer time to get things done. I can see a shorter period being more effective in a fast paced market like DC
What if I have been living in the condo for eight months now? I love it, I know what works and what doesn't, the potential problems that could arise, etc.? The owner gave me first option to buy, since she knows I don't want to move out. Price is good, I got pre-approved, I'm waiting for docs from the lender bank. Is a final walk-through needed if I have been living in the place for quite some time? The cost sheets talk about money needed to close. I am assuming that it's less during settlement because of the prepaids. Am I mistaken?
Will you be doing a home inspection? Since you're living there already, it's probably not necessary. Ask your lender about money needed to close, it depends on what and how much you choose to prepay.
hi, i am in the military and station oversea. upon return i want to buy house but also i need to buy a car immediately. if i buy a car, do i have to wait for few months before i can ask for a home loan?
Great question. It will depend. Start to think about what kind of house you can afford then talk with a local lender and ask them how (if) the car purchase will affect the loan
Hi ! My agent told me that I have to deposit my down payment before two day of settlement day . Is it right ! I think I can bring money on the day of settlement.
Both of you are right. Will you be paying by check or by wire? Wire should be a few days before settlement. If you're paying by check, you can bring that to Settlement. That is for Virginia. It may be different for your state
Yeah Maryland is weird like that. I would trust your agent. If it's wire, the reason that the money is needed a few days before is because it takes a day or two before the money hits the settlement company's account
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Our contract was accepted last night and found this video which was extremely helpful!!
Congratulations! Thanks for watching
We paid cash and had to close about 2 weeks after going under contract. We didn’t have time to schedule a walk through until about the day of closing. I do understand what you mean though. A very good video. So appreciate your useful content.
Hi Matt, I just opened escrow yesterday and next step is inspection, I am nervous and excited as well... 38 year old first time buyer in California
Congratulations!
I just put my offer in today. Turning 38 in March. First time home buyer as well.
Update. My offer got accepted.
@@antoniobridgeforth2362 Congratulations man, I have been a first time home buyer for 4 months now loving every moment of it. 🏠 blessings
@antoniobridgeforth2362 congratulations!!!! Any update?
I'm not celebrating yet because I'm too stressed out about all of this 🥴
You got this!
Celebrate when the keys are in your hand. You’re in the race, but you’re not at the finish line yet.
@@hothotheat3000 exactly! I'm still very anxious but trying to stay positive
You can do it! As weird as this will sound, my friend told me to write out each step on a really nice piece of stationery paper and cross it off one at a time when it’s done. That paper will keep you accountable and also provide encouragement as you look back and see all that you’ve accomplished. Once I closed, I framed that paper and hung it up in my home office.
@@hothotheat3000 that's such a good idea! Because I keep thinking about how much more needs to happen before closing and its so stressful
I really appreciate all the videos you've worked to create. thank you!
All your videos are awesome and straight to the point. Thanks for another great informational video!
Thank you so much for watching!
Thanks for the great points in every step of buying a house!👊🤗
Super helpful! Thanks!
Great Job! Matt
My offer was just accepted! Ahhhhh!!!!! My very first offer! Looking up inspectors now! THANK YOU for this video. I think ill go have an adult beverage now😂
Great video. I’ve paid my earnest, inspection done, home insurance bought, survey in progress and I close on the 13th. Am I missing anything? Title insurance and warrantee is paid at closing?
Just signed offer tonight trying to figure out whats to come next lol and its a lot but got 44 days til close I am ready
Congrats!
@@TheMattLeighton thanks I got a good team helping me through this as easy as possible lol
Thanks very informative
what if the lender is the one thats not anwering our calls
1. Don’t celebrate. - maybe one adult beverage.
2. Write out all your contingencies. - inspection, financing, appraisal, etc...
3. Earnest money deposit - 1-3% of sales price.
4. The home inspection. Schedule this immediately.
5. Get lender on speed dial. - Get documents time your lender.
6. Stay in touch. Communicate. - Owner, title company, appraiser, etc...
7. Get the estimated cost of closing as soon as you can.
8. Think logically, not emotionally.
9. Check in with title company, lender, and real estate agent. - understand where each party is in the transaction.
10. Schedule final walk through a week before closing. - have wiggle room to make sure everything is the way it should be.
Waiting right now to see if our offer was accepted in a very competitive market ....Should know within the hour !!
Good luck!
Is it the same for land purchase?
🏘️Your on a natural high!😂
Wish you were an agent out here in the Palm Springs, CA.!
Excellent videos...
🏘️🏜️🏘️🏜️🏘️🏜️🏘️
Thanks for all these valuable information. No cerveza 🍺 for me yet!
Thanks for watching Mario!
A great video! I’m convinced my realtor is terrible, she doesn’t explain HALF of this !
Thank you for the compliment and sorry to hear you've had a bad experience with your agent
Great video ! Very helpful
Applied for loan they're requesting 3 years tax on form 4056 I thought its 2 years taxes
I am at the step of just paying escrow deposit and the Realtor sent the contract to my lender now im waiting on what's next😶
Congratulations on having your offer accepted! Your lender and Realtor should be able to advise on next steps if you ask!
We bought new duplex house house last year month of May(Duplex House 1 unit) but now we found out that is not recorded properly both duplex 2 unit tax is put on my tax bill. When we called title company they are not ready to accept their mistake not ready to correct it. Now they are saying that is our fault?
Likes and subbed. This is awesome for the first time buyer
Thank you!
Man your a fucking stress reliever man
Thanks! Appreciate you watching
Really enjoyed this video!😘😘😘 my goal is to watch or read something beneficial to my RE career each day, and somehow I’m drawn to all ur videos;) prolly bc you speak the lingo tha newbies like me can relate too...and all ur videos are very practical videos 😘 my question is...offer accepted, contract in place...1) get inspection ASAP...first thing on the list right!? Then as soon as I get the inspection report back, I call the lender!? Just to make sure that I’m not paying the inspection, appraisal, and title stuff all at once ...then to find out, the house failed inspection. And That’s a lot of money out wo the house !?thanks;)
Thanks for the support Loan! Really appreciate you watching. Yes, you are correct. Inspection first, then pay for the appraisal. However, you do want to be sure you've been pre approved by alender before going under contract but sounds like if you've watched any of my videos, you know that already!
Matt Leighton if it’s a cash paying home, do I still need an appraisal!? Assuming it passed inspection, good to go right!? No need for appraisal since it’s not financed by the bank!
Correct! You don't necessarily need an appraisal for a cash purchase
How would you handle the "final walk through" in a situation where the sellers will be renting for a short period (7 days) following close of escrow?
Do two separate walkthroughs
thank you that was very informative
Selling my home fsbo. Buyer sent offer we signed contract. He offered to use his title company closing is next week. I haven’t heard a word from him or title? Is this good?
Probably not. Contact the title company
@@TheMattLeighton Ok will do. If he backs out it’s cool but I would at least like if he inform me instead of dragging out contract until closing date which is set for the 23rd. Last email I got from them was they look forward to closing.
I've been told not to do the walk-through too far in advance because the seller might try to take items that were supposed to be left behind in the contract.
The goal should be to do the walkthrough about 3 days before closing. Remember as the buyer, you have the power so if the property is not in the same condition as it is stated in the contract, you don't have to sign until the seller fixes whatever issue has come up
Really Great video! Kudos to Matt Leighton!
Thank you Hossain!
No, Thank you Matt!
My agent told me that the inspection period should only be around 7 days but my brother's agent and my friend who used to be an agent in another state said the inspection period should go all the way up to a week before closing that way you have time for all the inspections you want/need as well as getting quotes for things that come back on the home inspection. Your comment about 7 days then 10 days confused me so where do you stand on length of inspection period?
In my market it is 7-10 days. Other markets may be different. DC area is 7-10 days, and may be even shorter than that (5 days).
Thank you. These houses have been on the market a while so I feel comfortable asking for a little longer time to get things done. I can see a shorter period being more effective in a fast paced market like DC
We just got our offer accepted 😧.. we’re already Greenlight approved for our loan so I guess it’s just appraisal and inspections.
Aren't the inspections and appraisal first and then the loan?? Asking because I'm curious
@@k.b.s4703 Yes - they might be confusing it with preapproved for loan. No lender will give a loan w/o appraisal. Inspection is more for buyer
What if I have been living in the condo for eight months now? I love it, I know what works and what doesn't, the potential problems that could arise, etc.? The owner gave me first option to buy, since she knows I don't want to move out. Price is good, I got pre-approved, I'm waiting for docs from the lender bank. Is a final walk-through needed if I have been living in the place for quite some time? The cost sheets talk about money needed to close. I am assuming that it's less during settlement because of the prepaids. Am I mistaken?
Will you be doing a home inspection? Since you're living there already, it's probably not necessary. Ask your lender about money needed to close, it depends on what and how much you choose to prepay.
GREAT STUFF!!!! Thanks.
hi, i am in the military and station oversea. upon return i want to buy house but also i need to buy a car immediately. if i buy a car, do i have to wait for few months before i can ask for a home loan?
Great question. It will depend. Start to think about what kind of house you can afford then talk with a local lender and ask them how (if) the car purchase will affect the loan
Hi ! My agent told me that I have to deposit my down payment before two day of settlement day . Is it right ! I think I can bring money on the day of settlement.
Both of you are right. Will you be paying by check or by wire? Wire should be a few days before settlement. If you're paying by check, you can bring that to Settlement. That is for Virginia. It may be different for your state
Matt Leighton he said it wire. I am in Maryland. But I can't choose between wire and check
Yeah Maryland is weird like that. I would trust your agent. If it's wire, the reason that the money is needed a few days before is because it takes a day or two before the money hits the settlement company's account
My down payment is gift ,so Maybe this is reason . Thanks for ur time . I really appreciate it by subscribe your channel
Thank you!
Final walkthrough a week out? God forbid it, but what if something happens to the house in the seven days between final walk and settlement?
Great list. Can I share?
Please do!
Congrats bud: I just gave this video its 400th "like!" ;)
Thanks Brandon! Very much appreciate your support! 👍👌
Who gets inspection report
Buyer and buyer's agent. If repairs are requested, the buyer's agent sends the report to the seller
@@TheMattLeighton do I send copy to lender
No
@@TheMattLeighton ok thanks I just sent report copy to lender lol oh well
do have to give a e m d ?
Probably. It may depend on your state. Assume you have to unless your real estate agent advises otherwise