You and your channel are a life saver. So educational, high quality and value. I searched for quite some time to find you. Thank you for the golden info you provide. Priceless ❤️❤️❤️
I seriously doubt that one can do a title search, a home inspection, a real inspection, no some nut that a RE agent finds. In California, a geotechnical report if the house in on a hill or in Ranch Palos Verdes. The home I reside in now, cash, 37 day closing. We did a MAJOR inspection and found issues in a custom build. Not too serious but we did request and received credit. The major hold was getting permission from the strict HOA to do the gut remodel on the house. Once the inspections, title search and WRITTEN HOA approval in hand, we closed. My previous home in Charleston, SC, a historic home had a cash offer full price in three days of listing. I needed 30 days to get my act together and clear the house for the cross country move. Worked beautifully. The next month, there was a hurricane, not a direct but it is a flood prone area. As always, a seller MUST keep their agent on a TIGHT leash. Agents frequently forget who works for whom. I know, most "Karen" RE agents need the commission to meet the payment schedule on the Mercedes.
Side note on "proof of funds" in many states you do not have to disclose total account balance only an affidavit from the bank confirming that the necessary funds are available for the offer of x amount that you submitted. Now if you are in a state that does require you to disclose total funds within the account you will be paying from. You can simple within your own bank open a new account and transfer the needed funds into the new account and only use that account for the purchase and proof of funds. This is not legal advice but this does work in the states that i do business in.
I was just involved in this exact situation. Why put “no lending institution involved ? All you need to do is make their 10% deposit NON REFUNDABLE with a 15-20 day “time of Essence - if they don’t close on time, they lose their deposit
A lot of good tips here, buyers say the word "cash" and sellers don't hear anything after that. So, whatever you plan, hire a good realtor - like Audra! There are many tales posted here of "I sold myself, wrote a check, deal done" Well, it seldom goes like this, and in particular not in California. I owned and rented properties in South Orange for years and I had so many California-style "bigshots" want to look like a "cash customer", then it turns out, they are not so "cash" after all, but closer to "broke" - but they always had a big deal just around the corner ...! 😁
Word choice is essential for us. We want to sell our two Texas homes. We do not know what hard earnest money means in real estate. Realtors have told me when I was buying it was easy to get your earnest money back. We want to force any buyer to forfeit their earnest money after their inspection time passes. How is that done? Secondly, we want a rule of thumb on what to charge for earnest money. What would you consider as the reasonable maximum requirement on a nominal $300,000 list price? Lastly, we have had low ball cash offers before. We rejected. But we question whether if we received a reasonable offer with a 15 day escrow using us bank. Your opinion matters!
Check with real estate lawyer. Realtors are strongly discouraged to give legal or any other specialist advice. Hopefully the state real estate regulations will not prevent you from structuring your deal the way you want.
1st time seller and going through this presently, I agree , they're now wanting after previous declining their inspection (Meaning a 2 week delay ) and accepting their offer ... PLUS more seller concessions.
Is your realtor telling you, "oh, it's no big deal" or some other bs? Having sold a few homes, I can tell you most buyers don't know what the heck they're doing and their agents are amateurs. Within the initial offer acceptance documents, is that where they checked the box waiving the inspection? If so, I believe that's fully enforceable.
?? What do you recommend for persons trying to sell home while living out of the home and across the country. Concerned about leaving vacant home. We’ve a security company & cameras. Will a realtor take responsibility? What are some specifics for a contract with a realtor? Thank you.
Yes, I posted it...however, it got deleted. No idea how!! UGH! Thanks for your support...I have a new video coming out on Tuesday:).I really appreciate your interest.
@@AudraLambert YT does crazy things. 😲 I've left comments and haven't heard back, but I figure that you're incredibly busy or I got shadow banned. Just loved your action plan for selling a house in your last video on how to get the most money for you home. 😻 I really hope you saw my comments to that video.
@@audiophileman7047 Oh..I am so sorry for not responding. I have been so swamped I haven't been able to respond to the comments. I always appreciate your comments. They are always right on point. I will look for comment. Appreciate you:)
@@AudraLambert I understand; life is hectic these days. I appreciate you too. Sure wish you could sell our house for us, but your advice is so excellent that it will feel like you're right there with us. 👍👍👍
Clarification: Cash is not money, it's currency. Thank you for this important tip Audra b/c there are a lot of signs out in various Canadian cities posting scratchy looking phone numbers and all cash purchases for your house . (Didn't think this could be shady, just thought these might be grouped investirs. Have you had any transactions with Bitcoin or real money (gold or silver)?
Wow. Wheeling and dealing in the great US of A with real real estate. Care of the people who brought us the great recession (and Bush - bless his little heart) which millennials are now cursed with feeling the effects of…. Those pesky regulations that keep mortgage companies in check are the same kind of oversight that would’ve saved all of us from the greatest recession since the great depression. So boo-hoo mortgage companies. And it is disgusting in my opinion, to hear a car accident presented as an oversimplified, rolling of the eyes-inconvenience. Bit of a reminder here.. that was another actual living, breathing human being we are talking about. *gasp* Also a slab leak that shows up while under contract is a slab leak that should have been fixed in other ways before selling the house. People actually do really know when they have drainage problems, and those who try to tell you they didn’t know are 9 times out of 10 full of it. I could never work in real estate. It takes a special person imo
LOL - about the house getting so sad that you're leaving. Isn't that the truth! Basement as dry as a bone for almost 40 years - until I put it on the market. Yep, it started weeping. LOL! Fortunately, it happened just before I filled out the disclosure document.
