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How to Buy a House | 10 Steps to do Once Your Real Estate Contract is Accepted | Home Buying Process 

Matt Leighton
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How to Buy a House | 10 Steps to do Once Your Real Estate Contract is Accepted | Home Buying Process.
Real estate agent and Realtor Matt Leighton talks about how to buy a house in today's video. Matt goes through 10 steps in the home buying process that you need to do once you go under contract (open escrow).
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How to Buy a House | 10 steps to do Once Your Real Estate Contract is Accepted:
1. 0:40 - Don't celebrate
2. 1:26 - Write out all your contingencies
3. 2:10 - Deposit the Earnest Money Deposit (EMD)
4. 3:02 - Schedule the Home Inspection
5. 4:11 - Get your lender on speed dial
6. 5:08 - Stay in touch
7. 6:00 - Get the estimated cost of closing from the title company
8. 7:17 - Think logically, not emotionally
9. 9:09 - Confirm everything with the lender, title company, and real estate agent
10. 10:29 Schedule your final walk-through for a week before closing.
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Matt Leighton - Arlington VA Real Estate Agent
Matt [at] Orange Line Condo dot com
Century 21 Redwood Realty
1934 Wilson Blvd
Arlington, VA 22201
• How to Buy a House | 1...

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14 июл 2024

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Комментарии : 99   
@TheMattLeighton
@TheMattLeighton 6 лет назад
▶▶▶ Get my new book: 46 Condo Buying Mistakes NOW --> www.amazon.com/Matt-Leighton/e/B00RTVS6PY/
@sarahjaney97
@sarahjaney97 4 года назад
I'm not celebrating yet because I'm too stressed out about all of this 🥴
@TheMattLeighton
@TheMattLeighton 4 года назад
You got this!
@hothotheat3000
@hothotheat3000 4 года назад
Celebrate when the keys are in your hand. You’re in the race, but you’re not at the finish line yet.
@sarahjaney97
@sarahjaney97 4 года назад
@@hothotheat3000 exactly! I'm still very anxious but trying to stay positive
@hothotheat3000
@hothotheat3000 4 года назад
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.
@sarahjaney97
@sarahjaney97 4 года назад
@@hothotheat3000 that's such a good idea! Because I keep thinking about how much more needs to happen before closing and its so stressful
@DBeaubrun
@DBeaubrun 5 лет назад
Our contract was accepted last night and found this video which was extremely helpful!!
@TheMattLeighton
@TheMattLeighton 5 лет назад
Congratulations! Thanks for watching
@maxwellharmon4172
@maxwellharmon4172 6 лет назад
I really appreciate all the videos you've worked to create. thank you!
@FranciscoLopez-jp5ng
@FranciscoLopez-jp5ng 3 года назад
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
@TheMattLeighton
@TheMattLeighton 3 года назад
Congratulations!
@antoniobridgeforth2362
@antoniobridgeforth2362 2 года назад
I just put my offer in today. Turning 38 in March. First time home buyer as well.
@antoniobridgeforth2362
@antoniobridgeforth2362 2 года назад
Update. My offer got accepted.
@lopezpaco54
@lopezpaco54 2 года назад
@@antoniobridgeforth2362 Congratulations man, I have been a first time home buyer for 4 months now loving every moment of it. 🏠 blessings
@tfptravel.food.peace.3788
@tfptravel.food.peace.3788 4 месяца назад
​@antoniobridgeforth2362 congratulations!!!! Any update?
@iDreamOfOkra
@iDreamOfOkra 3 года назад
All your videos are awesome and straight to the point. Thanks for another great informational video!
@TheMattLeighton
@TheMattLeighton 3 года назад
Thank you so much for watching!
@tfptravel.food.peace.3788
@tfptravel.food.peace.3788 4 месяца назад
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😂
@liliyaromanovich4923
@liliyaromanovich4923 6 лет назад
GREAT STUFF!!!! Thanks.
@beyoutifullynatural9451
@beyoutifullynatural9451 3 месяца назад
Super helpful! Thanks!
@ChrisMolenaar
@ChrisMolenaar Год назад
Thanks for the great points in every step of buying a house!👊🤗
@luisgonzalez5271
@luisgonzalez5271 Месяц назад
Great Job! Matt
@amazonraw-she-uh4439
@amazonraw-she-uh4439 3 года назад
Great video ! Very helpful
@cassandramunoz4062
@cassandramunoz4062 3 года назад
thank you that was very informative
@alfaroec
@alfaroec 4 года назад
Thanks for all these valuable information. No cerveza 🍺 for me yet!
@TheMattLeighton
@TheMattLeighton 4 года назад
Thanks for watching Mario!
@janelledmondson5316
@janelledmondson5316 4 месяца назад
Thanks very informative
@slappymcface5681
@slappymcface5681 3 года назад
Likes and subbed. This is awesome for the first time buyer
@TheMattLeighton
@TheMattLeighton 3 года назад
Thank you!
@HossainMohd
@HossainMohd 4 года назад
Really Great video! Kudos to Matt Leighton!
@TheMattLeighton
@TheMattLeighton 4 года назад
Thank you Hossain!
@HossainMohd
@HossainMohd 4 года назад
No, Thank you Matt!
@amanacatandhisdog8836
@amanacatandhisdog8836 11 месяцев назад
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.
@mojavedesertsonorandesert9531
@mojavedesertsonorandesert9531 2 года назад
🏘️Your on a natural high!😂 Wish you were an agent out here in the Palm Springs, CA.! Excellent videos... 🏘️🏜️🏘️🏜️🏘️🏜️🏘️
@sarabethmattis6099
@sarabethmattis6099 3 года назад
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.
@vicmarc4984
@vicmarc4984 4 года назад
A great video! I’m convinced my realtor is terrible, she doesn’t explain HALF of this !
@TheMattLeighton
@TheMattLeighton 4 года назад
Thank you for the compliment and sorry to hear you've had a bad experience with your agent
@biggip254eaglenation2
@biggip254eaglenation2 3 года назад
Waiting right now to see if our offer was accepted in a very competitive market ....Should know within the hour !!
@TheMattLeighton
@TheMattLeighton 3 года назад
Good luck!
@jeffterry102
@jeffterry102 3 года назад
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
@TheMattLeighton
@TheMattLeighton 3 года назад
Congrats!
@jeffterry102
@jeffterry102 3 года назад
@@TheMattLeighton thanks I got a good team helping me through this as easy as possible lol
@Loantt83
@Loantt83 5 лет назад
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;)
@TheMattLeighton
@TheMattLeighton 5 лет назад
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!
@Loantt83
@Loantt83 5 лет назад
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!
@TheMattLeighton
@TheMattLeighton 5 лет назад
Correct! You don't necessarily need an appraisal for a cash purchase
@porshiacrosby5491
@porshiacrosby5491 3 года назад
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😶
@TheMattLeighton
@TheMattLeighton 3 года назад
Congratulations on having your offer accepted! Your lender and Realtor should be able to advise on next steps if you ask!
@SidViciousOne
@SidViciousOne Год назад
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?
@moni017
@moni017 3 года назад
what if the lender is the one thats not anwering our calls
@bz3105
@bz3105 5 лет назад
Congrats bud: I just gave this video its 400th "like!" ;)
@TheMattLeighton
@TheMattLeighton 5 лет назад
Thanks Brandon! Very much appreciate your support! 👍👌
@prathimadeshpande
@prathimadeshpande 3 года назад
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?
@yomommaahoe3352
@yomommaahoe3352 5 лет назад
Man your a fucking stress reliever man
@TheMattLeighton
@TheMattLeighton 5 лет назад
Thanks! Appreciate you watching
@biggunrgc
@biggunrgc 2 года назад
Is it the same for land purchase?
@asinheaven
@asinheaven 6 лет назад
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?
@TheMattLeighton
@TheMattLeighton 6 лет назад
Do two separate walkthroughs
@tfran235
@tfran235 3 года назад
Applied for loan they're requesting 3 years tax on form 4056 I thought its 2 years taxes
@Ms_T_Perfectly_Imperfect
@Ms_T_Perfectly_Imperfect 5 лет назад
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.
@TheMattLeighton
@TheMattLeighton 5 лет назад
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
@sam5miy
@sam5miy 5 лет назад
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?
@TheMattLeighton
@TheMattLeighton 5 лет назад
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).
@sam5miy
@sam5miy 5 лет назад
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
@nikebull41
@nikebull41 3 года назад
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
@TheMattLeighton 3 года назад
Probably not. Contact the title company
@nikebull41
@nikebull41 3 года назад
@@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.
@mariatolentino4516
@mariatolentino4516 5 лет назад
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?
@TheMattLeighton
@TheMattLeighton 5 лет назад
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.
@hothotheat3000
@hothotheat3000 4 года назад
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?
@jessicarussoteam
@jessicarussoteam 7 лет назад
Great list. Can I share?
@TheMattLeighton
@TheMattLeighton 7 лет назад
Please do!
@mycozeplace
@mycozeplace 2 года назад
We just got our offer accepted 😧.. we’re already Greenlight approved for our loan so I guess it’s just appraisal and inspections.
@k.b.s4703
@k.b.s4703 2 года назад
Aren't the inspections and appraisal first and then the loan?? Asking because I'm curious
@questlive2338
@questlive2338 2 года назад
@@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
@dathoang6993
@dathoang6993 6 лет назад
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?
@TheMattLeighton
@TheMattLeighton 6 лет назад
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
@f-n-sweekendwarriors8565
@f-n-sweekendwarriors8565 5 лет назад
do have to give a e m d ?
@TheMattLeighton
@TheMattLeighton 5 лет назад
Probably. It may depend on your state. Assume you have to unless your real estate agent advises otherwise
@thanminh5146
@thanminh5146 5 лет назад
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.
@TheMattLeighton
@TheMattLeighton 5 лет назад
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
@thanminh5146
@thanminh5146 5 лет назад
Matt Leighton he said it wire. I am in Maryland. But I can't choose between wire and check
@TheMattLeighton
@TheMattLeighton 5 лет назад
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
@thanminh5146
@thanminh5146 5 лет назад
My down payment is gift ,so Maybe this is reason . Thanks for ur time . I really appreciate it by subscribe your channel
@TheMattLeighton
@TheMattLeighton 5 лет назад
Thank you!
@tfran235
@tfran235 3 года назад
Who gets inspection report
@TheMattLeighton
@TheMattLeighton 3 года назад
Buyer and buyer's agent. If repairs are requested, the buyer's agent sends the report to the seller
@tfran235
@tfran235 3 года назад
@@TheMattLeighton do I send copy to lender
@TheMattLeighton
@TheMattLeighton 3 года назад
No
@tfran235
@tfran235 3 года назад
@@TheMattLeighton ok thanks I just sent report copy to lender lol oh well
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