5 Things I Wish ALL Realtors Told Their Clients Before Going Under Contract
32K views · Sep 3, 2024 · Entertainment
Comments · 66
@giovannagallottini · 1 year ago
Realistic and helpful advice. I am a 20+ yrs real estate salesman/broker and I am constantly astounded by the amount of "mis-information" pushed out by real estate agents.
8
@ForTransformation · 2 years ago
1. Restrictions<br>2. Due Diligence fee, earnest money deposit<br>3. Contingencies<br>4. Recordings, back-to-back recordings<br>5. Back-to-back closings, the entire process of your real estate transactions
21
@levans3447 · 2 years ago
I've bought five homes and had only one good realtor
10
@amyhayslettrealtor1901 · 2 years ago
I had a buyer wanting a pool and the sewer line went through the middle of the small backyard. Skipped that house but also had his pool builder come out to checkout the yard on the one he did buy.
7
@waterbug1135 · 2 years ago
I've flipped homes for 22 years and have always told buyers they can back out at any time up until the keys drop in their hands and get their earnest money back. I've only heard a few cases of sellers hiring a lawyer to get that earnest money because escrow won't release it unless both parties agree. And those cases were nightmares that no one won. For regular SFH I sure wouldn't go to court, tie up my property for months so may as well tell that to the buyers upfront and make it a perk for them.
17
@countrysister700 · 6 months ago (edited)
Texas has an option fee - small amount like $100-200 for xx days (often 10) to allow inspection with right to terminate for any reason only losing the option fee. Beyond that, earnest money is at risk for default or failure to perform unless covered by contract (like loan denial).
1
@Bob-t1v · 1 year ago
Excellent information. Thank you
2
@FLHometownAgent · 2 years ago
I tell ALL my Buyers this. BEST info❤❤❤❤
3
@patriciaingraldi4719 · 1 year ago
What a valuable interview. Well done!
3
@stan-65 · 2 years ago
No selling present home or financing contingency in the standard form? Is messed up. It's part of buying a home so I would think should be included as well as inspections.. I sense the real estate investors and flippers and driving the market structure and policy. More reason it's difficult to buy and people are stuck renting. Normal folk do not have buckets of money to pay out, or can take financial risks like investors or businesses that have construction crews on staff. Just me venting.
10
@dspatchin · 1 month ago
All "contingencies" are pushed into the due diligence period in the NC contract. If you have to sell a house, have it close before due diligence is over, so if it fails, you can terminate. Get your financing <b>completed</b> before DD date, so you can terminate if you do not get financed.
@SnehaMiskinRealEstate · 11 months ago
thank you for this!! so so useful and clearly communicated topics.
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