😅she does! Buyer wanted to put cords of wood onto the property before closing. No! Buyers wanted to move in early😮 they did but were made to sign a we bought and waved walk through (smart broker) send this video to your broker😊
As an attorney, this might be my favorite video yet. From moving things into the house to general contractors wanting to make repairs prior to close. It’s wild out there!
As an attorney, If buyer’s agent has 3% buyer broker’s agreement and seller offers only 2% and buyer asking seller to please make up the other 1% So he doesn’t have to come up with that to his agent. According to her is illegal. IS THAT ILLEGAL?
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
We know realtors who had this situation occur. After a house had been sold but before it closed, the buyer's son thought he would surprise his parent by building a new deck at the home (which was vacant) and had a carpenter actually working on it. The realtor hurried over and told the son while the carpenter was working that the sale hadn't closed yet. The carpenter immediately started packing up his tools and left. It was an honest mistake on the son's part and he didn't know he shouldn't have done this, but it could have been an expensive mistake if the deck had been finished but the deal fell through. The vendors would have a new deck, free of charge! Or something could have gone wrong and both parties would have an expensive problem.
Your videos saved me from signing with a buying agent who was pressuring me to sign stuff i did not understand and who was not providing good service. I did not know what good service was until i watched your videos! Thank you thank you!
When we purchased the house, we live in now, our realtor did ask if we could get in early to paint and the owner said no. We respected his answer. I hadn’t really thought about the liability aspect, but it makes sense !
Yes, I know its exciting to move into a new house and get started with a few of your personal touches. However, asking a seller to accommodate your service team is a bit risky for them (what if one of your contractor injured themselves or the property while the house is still in the seller's name). It just causes too much risk for the seller. Congrats on buying a house. I am sure everything turned out great!
Totally agree with Audrey💯 As a realtor in Nevada, I never allow buyer to even drive their car on the driveway! Love Audrey’s comments from experience❤ So true! Love her laugh after each comment 😅 Liabilities and responsibilities are major concerns. That’s why seller/buyer has their own representation! Audrey is down to earth🎉
Thanks for sharing!! I really appreciate you taking the time to comment. Glad to hear you do the same in Nevada. People really don't understand the liability factor when selling their homes. Glad you think I am down to earth...I try:)
The day before closing on the sale of our house to move out of state, the buyers brought over the contents of their refrigerator and proceeded to load it into mine. (They did this right after their realtor left after doing the final walk through.) They didn't bother to ask us if it was okay and neither realtor knew of their plans. I wasn't happy, but since they were closing on their current home the same day as they were buying ours, I decided to let it slide. I did take a picture though because people don't believe me. After getting back from a goodbye lunch with my neighbor from across the street, the buyers had the audacity to pull a U-Haul truck into our driveway and park it there so that it was ready to unload the next day after the closing. I was livid and called our realtor to contact theirs to get it off my property for the exact reason of liability. They were back in less than 30 minutes to remove it. I was really annoyed because this was on top of filling up my refrigerator before it was their refrigerator. The next day at closing, neither of them said a word . . . no I'm sorry . . . I wasn't thinking, nothing. I chalked it up to them being entitled millennials.
Although I am not ready to list and sell my home I have enjoyed several of your videos. Apparently my husband and I broke 2 of your cardinal rules 33 years ago when we sold our first home. We did our due diligence and interviewed 3 realtors and priced our home well but the home market was so bad (1991) that after a 3 month listing got us few showings and zero offers we listed it for sale by owner. Naturally, we met the buyers and we allowed them to move some furniture into our garage before settlement (although we did make some arrangements with our insurance company in advance). After listening to your advice we won’t tempt fate again in this way, but happily for us we had the most agreeable settlement, they gifted us with a bottle of champagne as we handed over the keys and we got invited to visit them in our former home to meet their new baby!
We are currently selling our house and found another one that would be perfect for us. But weird things started to happen with the seller. First we offered a good price, which the sellers upped by $10,00 which we accepted. After all our paperwork was signed and submitted, the seller came back and asked for more money, and wanted us to also increase our earnest money by $4,000. The seller real estate agent kept telling us there was another buyer that we were competing against. But we saw no evidence of that. The seller had another open house and it’s still listed as for sale. We said no to their increased price and backed out of the deal.
Holy Cow..that sounds criminal. You had a signed agreement and they were still negotiating? Where is your agent in these discussions.? Who wants to buy a house from a dishonest seller. Not cool!! I wouldn't put any money in escrow with a seller who sounds shady. I would wait 30 days and offer him $40k under your agreed upon price with no earnest money deposit (because the seller can't be trusted). Ridiculous. So sorry for all your wasted time. You probably dodged a bullet.
When I was buying my current house and determining the amount I would offer my agent told me there was another offer on the table, so I went in full price. I discovered a couple of other questionable things what my agent had said to me and starting doubting whether there actually was another offer. (I was living in another city at the time.) I went to his boss and shortly after that...he wasn't working in real estate anymore!!! Is there something or some way of ensuring that another offer has actually been submitted? There should be. One should not have to bypass your own agent and contact the listing agent to verify that!! Buyers have to be careful of their agents too.
@@biggyziggy5777 The short answer is, that it's money a potential buyer submits with the offer that indicates they are serious (another word for earnest). It's also called a "good faith deposit". That money is held in escrow. If the buyer violates the purchase agreement or backs out through no fault of the seller, then the money is given to the seller. If everything goes through then the money is normally applied to the down payment at closing.
Loans can still go bad, even after buyer being "pre-approved" for the loan, in addition to risk of storage and handing over keys. It's not over until the escrow lady sings, and anything can go wrong right up to signing the papers. People disagree, disappear, even die on closing day! Audra has nailed the big ones ... I was lucky to have a steady reliable RE agent that I could trust, makes all the difference.
Thx for the vids! Don't forget about the ol. "OH there's multiple offers on the listing " ha. As soon as I hear that... I'm gone!! Hard to prove and hard to believe..
About keeping the buyers and sellers separate: when i sold my last house, i left a folder with the manuals for the appliances ( the ones i had) the business cards for my gardener who had programmed the sprinkler, and a note that the shut off valves for the bathtub were, for whatever reason, behind the fridge! And wishing them all the best!😅😊
I had a buyer agent included his request for extra commission as the offer condition. During the negotiation process the buyer agreed to pay my asking price, but the agent still insisted on the extra commission. I tried to negotiate the commission with the agent, but in the end he said the buyer backed out. I don’t know what he said to his client, or if his client was even aware of what was happening. I can’t imagine the buyer would withdraw the offer only because their agent is not getting the “extra” commission.
I had these weird buyers that wanted to meet. They wanted all my furniture and my old washer and dryer. I had zero desire to meet them and Im so glad we didn’t. Excellent tip
Years ago, I was a people pleaser & never said no to anyone. Now, I am older & wiser. For the past 20 years, NO is my FAVORITE word!! The first few times felt awkward, but then it became so easy to just say no!!! 😅
You are the BEST! LOVE your honesty! I live in Illinois and plan on relocating to Flordia when my husband retires. I have learned SO MUCH from your channel! (Btw...LOVE the way you dress!!! So classy!)
Hilarious and also informative! Good reasons to have back-up offers ready to jump to if things get hinky! You are a pro and totally down to earth! That's why you are loved by your peers and clients!
I'm about to list my 3 level log home in Colorado. Your videos have truly opened my eyes. Also.. I love your laugh and sense of humor while discussing a serious, financial, complicated legal process. Many times I re-watch your videos just to hear you're patented laugh! Don't stop Audra.
Thank you for educating the public. Nothing worse than ignorance. I retired early after 20 years in real estate business because of the common issues you cover.
You're so right. We did things that you suggest not to (like letting buyers put stuff on our property in advance, you know, small stuff like a boat in the backyard, among other things). Fortunately, nothing bad happened, except that we were annoyed with the sight of all of it. It felt as if it was no longer our property.
Audra! You are absolutely correct. DO NOT ALLOW BUYERS and SELLERS to TALK....ever. As soon as a realtor does that, both buyers and sellers will realize that they do not need the real estate agent. Keep buyers and sellers DEPENDENT upon real estate professionals to answer questions and provide an opportunity for the real estate professionals to lie to each party without them comparing notes which may be VERY embarrassing to the unscrupulous agent. Protect the agents from being caught lying. Stop all direct communication. Great advice.
You got me in the first half. That is so true. It literally happened to us. Just a few days before closing we were able to speak with the seller and that's how we discovered the bunch of lies we had been fed with...
i bought a place where after looking at it, i talked to the wife of the seller who came by, some people have this weird spirit thing where they MUST 'know' the buyers. She inadvertently told me that they had a six-figure dispute on an Aspen vaca house with the IRS. We made an offer WAY below market and they took it (they had to). I always felt bad about that one, it was a year's salary for me at the time, that savings. So yeah go ahead talk away!! SO many stories. My motto is never once meet them, in fact i normally go to the close unless i know that the other party is not there. the only way to "know" the other party is via social media search or even a PI checkout (it's worth it for a few hundred bucks)
These attorneys, mortgage lenders and realtors makes the home buying and selling process miserable. I've gone through it many a times. Takes away your smiles. Call it a nightmare.
Sounds like you've had several bad experiences. So sorry to hear that. Truly! I will tell ya it doesn't always happen that way...but unfortunately there are a lot of sale transactions that end that way. ugh.
@@AudraLambertIf the buyers have homeowner's insurance that they are rolling over as continuous coverage into the new property or have some type of rental property insurance that covered their household goods during the move then there should be no issue with storing the property in the garage. Ask for proof from the insurance company. My company, USAA, does cover this. Same thing goes for the car in the garage. Check that they have valid auto insurance with property damage limits that are acceptable. You can CYA and be accommodating by taking a few extra steps.
You are amazing! Your chuckles make you likable and real. Ignore those comments. Your experience is greatly appreciated and I thank you for having this platform. I have been through selling and buying in the past few years and have to do it all over again this coming new year. Still searching for a good realtor. Got burned as my questions were downplayed and I ended up having to pay a mortgage on my new house for a year as things fell through on the old house. I will have a hard time trusting the next realtor.
Hello Joan, I am so sorry to hear about your negative experience. I hope you have better luck next time. I would definitely interview a minimum of 3 agents...ask for references. Really appreciate your kind words....means a lot. I kinda like my laugh:)
I'm putting stickers on things with filters so they know when they were changed. Then I'll leave all the manuals for all the appliances since we have all of them. Many people change things out anyway in our area, but this way I don't have to answer questions
Audra, thank you so much for your channel! I truly appreciate your wealth of knowledge and your “do”s and “don’t”s. I feel a lot more confident about buying and selling. I wish that you were on the east coast. God bless! 🙏🏼😊
0:10 Good information! As to mortgage lenders: Underwriting for any standard loan is automated. The documents to support the loan request should have been sent in ( because obviously the buyer has been pre-approved and a copy of the pre-approval accompanied the offer). If these protocols are followed when the contingencies are removed, you can close. This doesn't work in reality because of any of following: buyers don't get requested documents in timely manner OR the mortgage company is poorly organized.
I rmbr I was about a week from closing the sale of my home, I came home from the store and heard people upstairs talking and laughing ..it freaked me out! ...the buyers real estate agent just let themselves in without any notification to me or my real estate agent ..I didn't like that at all ...the buyer was all huggy kissy and it was just so awkward and inappropriate.....I let my agent know ..he had words with her agent.
Audra lambert, thank you for for being so honest and giving us such important information, your truly appreciated. We own a home in Fullerton and thinking of selling soon but after watching one of your other videos on how it’s probably better getting a second or a equity loan to purchase another property we’re interested in. I just don’t know how to explain it well enough to my wife and son or if it will work for us or not or to just to sell and and buy with the sale of our home. Cane you give us some ideas or advice. I’ll be honest with you we have a family agent. But I personally would like a different opinion from somebody else.
Hello there! First off, everyone's situation is different. I would seek the advice of a trusted financial advisor before moving forward. There is a lot to consider. Holding multiple homes has its pros and cons. You just have to get comfortable and plan for the downsides. I am not a big fan of family member realtors...obviously some can be great. However, the mere fact you are hinting your not very comfortable with the situation gives me pause for concern. Remember, most agents are paid to sell homes. They can be biased too. Rates are very high right now, taking a second on your home may not make sense right now. Best of luck to you...seek wise council.
So true about don't give keys early. A few years ago when selling our empty of furniture condo our agent allowed the buyer in our condo before signing papers so they could change out light switch plates??? We happen to go by to check on it day before signing papers. Still our condo!! Who gave them keys and never told us. We would not have given permission. Our responsibility. Blasted our agent who we had done business with for years, never again!!
I found your site about 2 weeks ago. This was very timely as I plan to put my house on the market in the next few months, and you have given me a wealth of information. Thank you
Years ago my agent asked me if the buyer couldn't move some of her things into the garage before closing. I said no, she asked again in an email. I wrote back again " no." My agent then behind my back let the buyer move her things in. Later I found out she even accepted a gift card from the buyer! She was a Group realtor in Colorado.
Great video. Buyers have so much leverage in California, especially as the market slows. Yes, lenders are and have always been the biggest challenge in getting deals closed.
I’m in Queensland, Australia and one thing that was suggested to us when we bought some years ago was to ask the vendor if we could rent the property from them before completion so we could move furniture in earlier. They considered it but ultimately said no, stating that if for example the water heater failed in the interim who would pay? They didn’t want to get into an argument like that. Now I’ve listened to this video I have an even greater appreciation for the liability a scenario like this could cause, so I would also more than likely say no to such a request too. In this state there may also be additional stamp duty, council rating category and insurance implications. It’s all a headache the vendor doesn’t need.
Our agent just did that and he is the broker. He said he doesn’t work For less than 2.5% and they were only offering 2%. We were shocked when we he did it. We didn’t know it was illegal.
Question: A friend told me that when he was house shopping in 2020, there were lots of houses for sale that had work done on them that hadn’t had a city permit pulled so the sellers disclosed that but were able to sell because they disclosed it. Any comments?Thank you!
Thanks for your great content Audra. Question re: cash offer. Could seller counter with "I am accepting this as a cash offer; if once in escrow, buyer switches to financing, the purchase price will increase to $xxx."
Yes you can! You can negotiate most anything in a contract...you just have to get the buyer to agree to it. Good luck with that..LOL. Definitely not a bad idea.
Hi Audra, my current sellers referred me to you. I love your videos and sell real estate in Florida! Thank you for all the great content you put out it is very much appreciated as a fellow realtor. The information you give out is actually priceless! Keep up the great work! :)
Just started watching your channel. I am learning a WHOLE LOT from your experience. And the comments below are so assuring!!! . I'm starting on my research...of what to expect on hiring a realtor. .
Very very helpful video. I made many of the mistakes you mentioned. I allowed the buyers contractors to come onto my property during escrow. Luckily nothing happened but something could have happened. Thank you for your helpful tips.
LOL, your hair looks great and with a face like that, you would look great bald! I think all of us women have that happen from time to time--stress! Great video, much appreciated.
What's your advice about a final walk through? My advice is to do the final walk through then immediately to the attorneys office to close. I purchased a small ranch years ago. It rained hard the previous 2 days. In the morning of the final walk through, there was 2 inches of water in the basement!! Then all hell broke loose!!😅
I haven't watched your videos in awhile but have to tell that they have improved!!❤ we love the honesty and we can also relate about losing hair with the housing market transition 😅
Good points. I sold my seasonal place in Florida and learned a few things... don't let a cagey buyer take it off the market with an offer at your asking price loaded with loopholes. Big one..subject to inspection. Inspection first THEN offer. Better yet, accept no offers but cash. Take it or leave it. As is.
Additionally, if you have a big fancy house on a tiny lot crammed next to a row of identical houses you can't be choosey BUT if you have a unique place, perhaps an English style cottage on a ten acre park like yard, with a long private drive....YOU are in the driver's seat.
Thank you, thank you, thank you as always, your advice is spot on. Buying or selling a home is one of the largest investments most people make, listen to a pro.❣️
Your hair looks awesome! Thank you for these tips! You realtors are usually pretty good about navigating this stuff but it’s always good to know some things in case your realtor doesn’t or is a double agent You are sharp and I enjoy your experience and frankness
Audra, AWSOME video's, great work. Is putting down a LARGE down payment good? Whats the smallest loan (mortgage) i can apply for? And im selling my home & if i bring in a buyer before my agent does, do i owe her any commission?
Audra says she's in southern California. When we were in rural Iowa, everyone knew everyone else in the county. Any buyer had probably been in the house already over the years.
Yes, southern California is a big area. I have seen a lot of homes...just not all of them. Sounds like where you come from everyone knows everyone. That sounds nice.
How they come to the closing table after both side, signed the contract. It doesn’t really make a difference if they take a mortgage or not, if not delay closing.
I have a potential realtor that seems very good and works for a large broker in OC. They want to have the ability to attract buyers from other realtors in their company (they have over 200). It is in effect DA but they are swearing there will be an iron wall between the two agents and no compromising information will be shared. They say we will be missing out on a lot of potential clients. What to do????
I would carefully evaluate the potential conflict of interest and assess how the "iron wall" policy is enforced. While having access to a large network of potential buyers is a strong advantage, it's crucial to ensure your interests are fully protected. Consider asking for detailed assurances in writing about how confidential information will be handled, and if needed, consult with a legal or real estate professional to weigh the risks and benefits before proceeding. Ultimately, it comes down to trusting the agent and their brokerage to act ethically and transparently.
I just sold my secondary home. Cash offer day 1.The realtor was pushy and became dual agent further annoying, and not 100% about the seller. Biggest issue, I'm curious if I have a legit complaint. Realtor spoke to husband without me on offer. She then worked out verbal counter. I was unavailable and husband verbally agreed. Realtor then put my house on her social media bragging offer accepted. Nothing was signed the day she posted, and not signed until 2 days later. Her post is how I found out. I was half owner on the deed. Did she have a right to advertise offer accepted on her FB? Before I knew amd both sellers signed?
My daughter and son-in-law offered what the buyer asking with no contingencies. The buyer accepted and all was good until the next day when the realtor advised that now there is another interested party that has made a higher offer. My daughter wanted the house so they beat the new offer and ended up getting the house. This seems illegal to me because it seems once the two parties agree on the price and terms it should be closed to new offers. What do you think about that. I mean as far as we know the realtor could have made up the new offer.
Hello there! Great question. You need to have a fully executed, signed offer. In real estate, I recommend everything in writing. No implied agreement. If you had your offer signed, the listing agent and seller couldn't renegotiate the offer. Get everything in writing. Sorry to hear about your experience. Ugh.
I love your videos and really appreciate your advice, and can totally relate to the Hair situation! Mine all fell out and then came back wavy and curly. What the heck. I wanted to ask you if you don’t mind, what color is your lipstick and brand? I love it!
I appreciate your videos....very informative, they're excellent. Great advice, straight to the point. Also, that hairstyle looks great on you, you're gorgeous.
Ahhh..thanks so much. Really appreciate your kind words. The hair has been a challenge. Its finally growing out. Its been a process. Ugh. One day at a time.
Love your videos and sense of style!! Have a lot of size 4 clothes from Saks & NM would look great on you, Infact I think I have a ver similar jacket from Joan & David, lovely. Yours if you want,
Mrs. Lambert To buy a new house if I have a real estate agent still I have to hire a real estate Lawyer to check paperwork, contract warranty closing cost, etc.?
As a real estate Broker for 26 years, I will say that Realtor knows what she's talking about. Refreshing!
Wow Mike...thanks so much!! Means a lot!!
😅she does! Buyer wanted to put cords of wood onto the property before closing. No! Buyers wanted to move in early😮 they did but were made to sign a we bought and waved walk through (smart broker) send this video to your broker😊
Yeah until she makes disparaging comments about working class rural community. What is that? A California thing? Wow.
@@KO-cj9ci You recon red necks are all from rural areas !? I think its a wrong assumption on your part.
@@mikemaselli1568 yup. She's sharp cookie
As an attorney, this might be my favorite video yet. From moving things into the house to general contractors wanting to make repairs prior to close. It’s wild out there!
Wow! Thank you so much!
As an attorney, If buyer’s agent has 3% buyer broker’s agreement and seller offers only 2% and buyer asking seller to please make up the other 1% So he doesn’t have to come up with that to his agent.
According to her is illegal. IS THAT ILLEGAL?
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
We know realtors who had this situation occur. After a house had been sold but before it closed, the buyer's son thought he would surprise his parent by building a new deck at the home (which was vacant) and had a carpenter actually working on it. The realtor hurried over and told the son while the carpenter was working that the sale hadn't closed yet. The carpenter immediately started packing up his tools and left. It was an honest mistake on the son's part and he didn't know he shouldn't have done this, but it could have been an expensive mistake if the deck had been finished but the deal fell through. The vendors would have a new deck, free of charge! Or something could have gone wrong and both parties would have an expensive problem.
Oh good grief. Its sounds like it all worked out...but boy that could have turned out to be a disaster. Yikes!!
And how did he get the permit??
Man says “I don’t know how to work the dryer, I’m divorced“ … wonder why? 😂
😂😂😂
Your videos saved me from signing with a buying agent who was pressuring me to sign stuff i did not understand and who was not providing good service. I did not know what good service was until i watched your videos! Thank you thank you!
Glad I could help! So happy I saved you. Keep interviewing agents until you find a good one. You will, I promise:)
When we purchased the house, we live in now, our realtor did ask if we could get in early to paint and the owner said no. We respected his answer.
I hadn’t really thought about the liability aspect, but it makes sense !
Yes, I know its exciting to move into a new house and get started with a few of your personal touches. However, asking a seller to accommodate your service team is a bit risky for them (what if one of your contractor injured themselves or the property while the house is still in the seller's name). It just causes too much risk for the seller. Congrats on buying a house. I am sure everything turned out great!
@@AudraLambert
I know I would feel the exact same way of the shore on the other foot!
@@jcmhanel1 I am sure you would:)
Totally agree with Audrey💯 As a realtor in Nevada, I never allow buyer to even drive their car on the driveway! Love Audrey’s comments from experience❤ So true! Love her laugh after each comment 😅 Liabilities and responsibilities are major concerns. That’s why seller/buyer has their own representation! Audrey is down to earth🎉
Thanks for sharing!! I really appreciate you taking the time to comment. Glad to hear you do the same in Nevada. People really don't understand the liability factor when selling their homes. Glad you think I am down to earth...I try:)
@@AudraLamberther laugh obnoxious
Obnoxious
The day before closing on the sale of our house to move out of state, the buyers brought over the contents of their refrigerator and proceeded to load it into mine. (They did this right after their realtor left after doing the final walk through.) They didn't bother to ask us if it was okay and neither realtor knew of their plans. I wasn't happy, but since they were closing on their current home the same day as they were buying ours, I decided to let it slide. I did take a picture though because people don't believe me. After getting back from a goodbye lunch with my neighbor from across the street, the buyers had the audacity to pull a U-Haul truck into our driveway and park it there so that it was ready to unload the next day after the closing. I was livid and called our realtor to contact theirs to get it off my property for the exact reason of liability. They were back in less than 30 minutes to remove it. I was really annoyed because this was on top of filling up my refrigerator before it was their refrigerator. The next day at closing, neither of them said a word . . . no I'm sorry . . . I wasn't thinking, nothing. I chalked it up to them being entitled millennials.
Cackling is for chickens not for grown women.
Although I am not ready to list and sell my home I have enjoyed several of your videos.
Apparently my husband and I broke 2 of your cardinal rules 33 years ago when we sold our first home. We did our due diligence and interviewed 3 realtors and priced our home well but the home market was so bad (1991) that after a 3 month listing got us few showings and zero offers we listed it for sale by owner. Naturally, we met the buyers and we allowed them to move some furniture into our garage before settlement (although we did make some arrangements with our insurance company in advance).
After listening to your advice we won’t tempt fate again in this way, but happily for us we had the most agreeable settlement, they gifted us with a bottle of champagne as we handed over the keys and we got invited to visit them in our former home to meet their new baby!
We are currently selling our house and found another one that would be perfect for us. But weird things started to happen with the seller. First we offered a good price, which the sellers upped by $10,00 which we accepted. After all our paperwork was signed and submitted, the seller came back and asked for more money, and wanted us to also increase our earnest money by $4,000. The seller real estate agent kept telling us there was another buyer that we were competing against. But we saw no evidence of that. The seller had another open house and it’s still listed as for sale. We said no to their increased price and backed out of the deal.
Holy Cow..that sounds criminal. You had a signed agreement and they were still negotiating? Where is your agent in these discussions.? Who wants to buy a house from a dishonest seller. Not cool!! I wouldn't put any money in escrow with a seller who sounds shady. I would wait 30 days and offer him $40k under your agreed upon price with no earnest money deposit (because the seller can't be trusted). Ridiculous. So sorry for all your wasted time. You probably dodged a bullet.
When I was buying my current house and determining the amount I would offer my agent told me there was another offer on the table, so I went in full price. I discovered a couple of other questionable things what my agent had said to me and starting doubting whether there actually was another offer. (I was living in another city at the time.)
I went to his boss and shortly after that...he wasn't working in real estate anymore!!!
Is there something or some way of ensuring that another offer has actually been submitted? There should be. One should not have to bypass your own agent and contact the listing agent to verify that!! Buyers have to be careful of their agents too.
I don’t live in America … could someone please explain what “ earnest money “ is ???
@@biggyziggy5777 The short answer is, that it's money a potential buyer submits with the offer that indicates they are serious (another word for earnest). It's also called a "good faith deposit". That money is held in escrow. If the buyer violates the purchase agreement or backs out through no fault of the seller, then the money is given to the seller. If everything goes through then the money is normally applied to the down payment at closing.
@@biggyziggy5777 Money that you put down to hold a house. You sign a contract with the sellers and then give them some money to seal the deal.
I hope I can find a Realtor who has your integrity. Thank you for this great information.
Loans can still go bad, even after buyer being "pre-approved" for the loan, in addition to risk of storage and handing over keys. It's not over until the escrow lady sings, and anything can go wrong right up to signing the papers. People disagree, disappear, even die on closing day! Audra has nailed the big ones ... I was lucky to have a steady reliable RE agent that I could trust, makes all the difference.
You are 100% correct!! So glad you have had reliable, trusted agents to work with...makes all the difference!
So I need to ask buyer for a life insurance rider to make sure the deal works out even if he/she dies.
Thx for the vids! Don't forget about the ol. "OH there's multiple offers on the listing " ha. As soon as I hear that... I'm gone!! Hard to prove and hard to believe..
That is a very good point...I hear that a lot too.
I love how you keep saying "no" to all those crazy demands! You are so right. We do live in a different world today!
About keeping the buyers and sellers separate: when i sold my last house, i left a folder with the manuals for the appliances ( the ones i had) the business cards for my gardener who had programmed the sprinkler, and a note that the shut off valves for the bathtub were, for whatever reason, behind the fridge! And wishing them all the best!😅😊
Love it!!!
Yup! We did this as well. We took excellent care of our home and did all required maintenance and wanted them to have documentation.
I had a buyer agent included his request for extra commission as the offer condition. During the negotiation process the buyer agreed to pay my asking price, but the agent still insisted on the extra commission. I tried to negotiate the commission with the agent, but in the end he said the buyer backed out. I don’t know what he said to his client, or if his client was even aware of what was happening. I can’t imagine the buyer would withdraw the offer only because their agent is not getting the “extra” commission.
I had these weird buyers that wanted to meet. They wanted all my furniture and my old washer and dryer. I had zero desire to meet them and Im so glad we didn’t. Excellent tip
This is one of the best real estate videos I’ve ever seen on RUclips. Your candor and honesty is so refreshing!
Years ago, I was a people pleaser & never said no to anyone. Now, I am older & wiser. For the past 20 years, NO is my FAVORITE word!! The first few times felt awkward, but then it became so easy to just say no!!! 😅
You are the BEST! LOVE your honesty! I live in Illinois and plan on relocating to Flordia when my husband retires. I have learned SO MUCH from your channel! (Btw...LOVE the way you dress!!! So classy!)
Hi Kimberly, you just made my day. Thank you for kind compliments. Best of luck with relocating to Florida. You're going to do great!!
Hilarious and also informative! Good reasons to have back-up offers ready to jump to if things get hinky! You are a pro and totally down to earth! That's why you are loved by your peers and clients!
Thanks so much! Eric, you are my biggest fan!
I love your sense of humor & your laugh😂. Thanks for all the great information!!
Ahhh...thank you. I get a lot of grief over my laugh...but I like laughing! So glad I could assist. Thanks for watching my video.
@@AudraLambert Hey, I love your laughter. Don't let no grumpy Andy's steal your joy. Great content too!
@@champion4000 Cracking up...Thank you!! I appreciate your support:)
I'm about to list my 3 level log home in Colorado. Your videos have truly opened my eyes. Also..
I love your laugh and sense of humor while discussing a serious, financial, complicated legal process. Many times I re-watch your videos just to hear you're patented laugh! Don't stop Audra.
Thank you for educating the public. Nothing worse than ignorance. I retired early after 20 years in real estate business because of the common issues you cover.
You're so right. We did things that you suggest not to (like letting buyers put stuff on our property in advance, you know, small stuff like a boat in the backyard, among other things). Fortunately, nothing bad happened, except that we were annoyed with the sight of all of it. It felt as if it was no longer our property.
So I can't use the Pool and barbecue at the open House 😅.
Thank you Audra for the "Staging Check List", bountiful and boundless blessings to you and your family. (Love your name!)
You are so welcome! So glad you like the check list. Thanks for loving my name:). Blessing to you and your family as well.
Never got mine. Just started to get listings (which I didn't want).
@@july77773 Hello there...you never got what exactly? Happy to assist.
@@AudraLambert staging checklist or home inspection list.
@@july77773 Send me a request and I will send you all the checklists: audra@LambertGroupHomes.com
Audra! You are absolutely correct. DO NOT ALLOW BUYERS and SELLERS to TALK....ever. As soon as a realtor does that, both buyers and sellers will realize that they do not need the real estate agent. Keep buyers and sellers DEPENDENT upon real estate professionals to answer questions and provide an opportunity for the real estate professionals to lie to each party without them comparing notes which may be VERY embarrassing to the unscrupulous agent. Protect the agents from being caught lying. Stop all direct communication. Great advice.
You got me in the first half.
That is so true. It literally happened to us. Just a few days before closing we were able to speak with the seller and that's how we discovered the bunch of lies we had been fed with...
i bought a place where after looking at it, i talked to the wife of the seller who came by, some people have this weird spirit thing where they MUST 'know' the buyers. She inadvertently told me that they had a six-figure dispute on an Aspen vaca house with the IRS. We made an offer WAY below market and they took it (they had to). I always felt bad about that one, it was a year's salary for me at the time, that savings. So yeah go ahead talk away!! SO many stories. My motto is never once meet them, in fact i normally go to the close unless i know that the other party is not there. the only way to "know" the other party is via social media search or even a PI checkout (it's worth it for a few hundred bucks)
These attorneys, mortgage lenders and realtors makes the home buying and selling process miserable. I've gone through it many a times. Takes away your smiles. Call it a nightmare.
Sounds like you've had several bad experiences. So sorry to hear that. Truly! I will tell ya it doesn't always happen that way...but unfortunately there are a lot of sale transactions that end that way. ugh.
I totally agree with not letting the buyer to store their furniture Into the garage. Horrible mistake.
Definitely not a great idea!!
@@AudraLambertIf the buyers have homeowner's insurance that they are rolling over as continuous coverage into the new property or have some type of rental property insurance that covered their household goods during the move then there should be no issue with storing the property in the garage. Ask for proof from the insurance company. My company, USAA, does cover this. Same thing goes for the car in the garage. Check that they have valid auto insurance with property damage limits that are acceptable. You can CYA and be accommodating by taking a few extra steps.
You are amazing! Your chuckles make you likable and real. Ignore those comments. Your experience is greatly appreciated and I thank you for having this platform. I have been through selling and buying in the past few years and have to do it all over again this coming new year. Still searching for a good realtor. Got burned as my questions were downplayed and I ended up having to pay a mortgage on my new house for a year as things fell through on the old house. I will have a hard time trusting the next realtor.
Hello Joan, I am so sorry to hear about your negative experience. I hope you have better luck next time. I would definitely interview a minimum of 3 agents...ask for references. Really appreciate your kind words....means a lot. I kinda like my laugh:)
I wish you were in FL. I hope you get more than 5K subscribers...EVERYONE NEEDS TO HAVE YOUR KNOWLEDGE, BUT ALSO YOUR ETHICS....
Florence, thank you so much!! Really appreciate your support. I am at 20K subscribers...I feel blessed and am glad I am helping people out.
I'm putting stickers on things with filters so they know when they were changed. Then I'll leave all the manuals for all the appliances since we have all of them. Many people change things out anyway in our area, but this way I don't have to answer questions
I am impressed with your update with this stocks, but certainly can not determine for tomorrow , I keep asking what's better
Audra, thank you so much for your channel! I truly appreciate your wealth of knowledge and your “do”s and “don’t”s. I feel a lot more confident about buying and selling. I wish that you were on the east coast. God bless! 🙏🏼😊
Happy to help and thank you for the kind words!
As a ex agent now retired your advice is spot on
Ahh..thanks so much!! Appreciate it.
0:10 Good information!
As to mortgage lenders: Underwriting for any standard loan is automated. The documents to support the loan request should have been sent in ( because obviously the buyer has been pre-approved and a copy of the pre-approval accompanied the offer). If these protocols are followed when the contingencies are removed, you can close.
This doesn't work in reality because of any of following: buyers don't get requested documents in timely manner OR the mortgage company is poorly organized.
I rmbr I was about a week from closing the sale of my home, I came home from the store and heard people upstairs talking and laughing ..it freaked me out! ...the buyers real estate agent just let themselves in without any notification to me or my real estate agent ..I didn't like that at all ...the buyer was all huggy kissy and it was just so awkward and inappropriate.....I let my agent know ..he had words with her agent.
You are really good! We have sold many homes, and many of these things have happened.
Audra lambert, thank you for for being so honest and giving us such important information, your truly appreciated. We own a home in Fullerton and thinking of selling soon but after watching one of your other videos on how it’s probably better getting a second or a equity loan to purchase another property we’re interested in. I just don’t know how to explain it well enough to my wife and son or if it will work for us or not or to just to sell and and buy with the sale of our home. Cane you give us some ideas or advice. I’ll be honest with you we have a family agent. But I personally would like a different opinion from somebody else.
Hello there! First off, everyone's situation is different. I would seek the advice of a trusted financial advisor before moving forward. There is a lot to consider. Holding multiple homes has its pros and cons. You just have to get comfortable and plan for the downsides. I am not a big fan of family member realtors...obviously some can be great. However, the mere fact you are hinting your not very comfortable with the situation gives me pause for concern. Remember, most agents are paid to sell homes. They can be biased too. Rates are very high right now, taking a second on your home may not make sense right now. Best of luck to you...seek wise council.
So true about don't give keys early. A few years ago when selling our empty of furniture condo our agent allowed the buyer in our condo before signing papers so they could change out light switch plates??? We happen to go by to check on it day before signing papers. Still our condo!! Who gave them keys and never told us. We would not have given permission. Our responsibility. Blasted our agent who we had done business with for years, never again!!
I found your site about 2 weeks ago. This was very timely as I plan to put my house on the market in the next few months, and you have given me a wealth of information. Thank you
I am thrilled I could help! You’re going to do great!!🙌
Love this girl...so real & honest! Great, sound advice & spot on every single time. She certainly knows what she's talking about. Thank you Audra
Thanks so much!! That is nice of you to say. Really appreciate your support and kind words.
Years ago my agent asked me if the buyer couldn't move some of her things into the garage before closing. I said no, she asked again in an email. I wrote back again " no." My agent then behind my back let the buyer move her things in. Later I found out she even accepted a gift card from the buyer! She was a Group realtor in Colorado.
Excellent! Will rewatch if necessary
You are so savvy and kind to share this information. New sub. Thank you.
THANK YOU IMMENSELY FOR THIS SUPER VIDEO!!
You are so very welcome!! so glad i could help!!!
Great video. Buyers have so much leverage in California, especially as the market slows. Yes, lenders are and have always been the biggest challenge in getting deals closed.
Very true!
Well they should be as they are providing the financing .
Audra, You are the BEST! Thank you for your videos. I'm on the East Coast. However, you would be my realtor if I were in your area!
Ahhh...that means the world to me. Thank you so much! Your comment just made my day!! ❤❤❤
I’m in Queensland, Australia and one thing that was suggested to us when we bought some years ago was to ask the vendor if we could rent the property from them before completion so we could move furniture in earlier. They considered it but ultimately said no, stating that if for example the water heater failed in the interim who would pay? They didn’t want to get into an argument like that. Now I’ve listened to this video I have an even greater appreciation for the liability a scenario like this could cause, so I would also more than likely say no to such a request too. In this state there may also be additional stamp duty, council rating category and insurance implications. It’s all a headache the vendor doesn’t need.
You do a great job educating us. Thank you for your knowledge and time!
Our agent just did that and he is the broker. He said he doesn’t work
For less than 2.5% and they were only offering 2%. We were shocked when we he did it. We didn’t know it was illegal.
Ugh!! Not cool!! So sorry.
Question: A friend told me that when he was house shopping in 2020, there were lots of houses for sale that had work done on them that hadn’t had a city permit pulled so the sellers disclosed that but were able to sell because they disclosed it. Any comments?Thank you!
Another brilliant video from Audra Lambert. Thank you.
Glad you enjoyed it!
I have only bought one home, but this is great for any first time buyer as a great guide.
Thanks for your great content Audra. Question re: cash offer. Could seller counter with "I am accepting this as a cash offer; if once in escrow, buyer switches to financing, the purchase price will increase to $xxx."
Yes you can! You can negotiate most anything in a contract...you just have to get the buyer to agree to it. Good luck with that..LOL. Definitely not a bad idea.
Just a simple straightforward comment. i like You. Great personality😊
Ohhhh mine, I learned so much by just watching your RUclips. Please don’t stop . Love you so much!
ahh...that means so much to me. Thank you!! I will keep it going.
Excellent video, wish I had met you 25 years ago!
Ahhh...thanks. Wish I could assisted 25 years ago!! Have a wonderful day!!
Hi Audra, my current sellers referred me to you. I love your videos and sell real estate in Florida! Thank you for all the great content you put out it is very much appreciated as a fellow realtor. The information you give out is actually priceless! Keep up the great work! :)
You are so welcome! I am thrilled to assist!! Happy to help!!
Great advice Audra. 👍🏻
Excellent information. Thank you Audra.
Just started watching your channel. I am learning a WHOLE LOT from your experience. And the comments below are so assuring!!!
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I'm starting on my research...of what to expect on hiring a realtor.
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Binge watching your videos, thanks
Very very helpful video. I made many of the mistakes you mentioned. I allowed the buyers contractors to come onto my property during escrow. Luckily nothing happened but something could have happened. Thank you for your helpful tips.
LOL, your hair looks great and with a face like that, you would look great bald! I think all of us women have that happen from time to time--stress! Great video, much appreciated.
Oh thank you! So appreciate your compliment. My hair is finally starting to grow back. Its been a journey. Glad I could add some value:)
What's your advice about a final walk through? My advice is to do the final walk through then immediately to the attorneys office to close. I purchased a small ranch years ago. It rained hard the previous 2 days. In the morning of the final walk through, there was 2 inches of water in the basement!! Then all hell broke loose!!😅
I haven't watched your videos in awhile but have to tell that they have improved!!❤ we love the honesty and we can also relate about losing hair with the housing market transition 😅
Well thank you!! Practice practice practice!! Its taken me awhile to get comfortable on camera. Thanks for your support
Good points. I sold my seasonal place in Florida and learned a few things... don't let a cagey buyer take it off the market with an offer at your asking price loaded with loopholes. Big one..subject to inspection. Inspection first THEN offer. Better yet, accept no offers but cash. Take it or leave it. As is.
Additionally, if you have a big fancy house on a tiny lot crammed next to a row of identical houses you can't be choosey BUT if you have a unique place, perhaps an English style cottage on a ten acre park like yard, with a long private drive....YOU are in the driver's seat.
Excellent information. You are top notch!
I appreciate that! Thanks so much!!
Thank you, thank you, thank you as always, your advice is spot on. Buying or selling a home is one of the largest investments most people make, listen to a pro.❣️
Your hair looks awesome!
Thank you for these tips! You realtors are usually pretty good about navigating this stuff but it’s always good to know some things in case your realtor doesn’t or is a double agent
You are sharp and I enjoy your experience and frankness
We are selling in DE and want to buy in FL. Audra's classes are worth their weight in gold.
So glad I can help! Best of luck! You’re going to do great!🙌
Thank you for sharing.
My pleasure Lee!
Thanks for all of your knowledge, fellow Audra!
Audra,
AWSOME video's, great work.
Is putting down a LARGE down payment good? Whats the smallest loan (mortgage) i can apply for?
And im selling my home & if i bring in a buyer before my agent does, do i owe her any commission?
Ahh..thank you! VA loans require no downpayment. Really depends on the lender and the financial strength of the buyer.
What's the difference between an agent a broker and a realtor. Also didn't understand about the contingencies delaying the loan,?
Audra says she's in southern California. When we were in rural Iowa, everyone knew everyone else in the county. Any buyer had probably been in the house already over the years.
Yes, southern California is a big area. I have seen a lot of homes...just not all of them. Sounds like where you come from everyone knows everyone. That sounds nice.
How they come to the closing table after both side, signed the contract. It doesn’t really make a difference if they take a mortgage or not, if not delay closing.
There's always some new real estate weirdness out there.
California girl here! Glad I found your channel, very informative.
Awesome! Hello California girl!!! Thanks for watching!!
What is staging?
Do I really need an agent to sell my house when its time to do?
You are so right with all your points, and sooo funny! I am selling my house right now and I’m not liking the process 😬
Oh, so sorry to hear you are not liking the process..its a lot of work, I know. I wish you the best and hope your property sells quickly.
LOL Im selling mine also,I don't like this process at all.
Me to
this was very helpful. thank you so much for putting this together and sharing it.
Glad it was helpful! Very happy I can assist. Thanks for watching!!
Thanks Audra! Hope you have a great day!
Ahhh...thanks!! You too!!
Wonderful advice! Thank you!
I'm selling a property right now in Orange County and this is information I need. This is incredibly helpful.
So glad...good luck!!
I have a potential realtor that seems very good and works for a large broker in OC. They want to have the ability to attract buyers from other realtors in their company (they have over 200). It is in effect DA but they are swearing there will be an iron wall between the two agents and no compromising information will be shared. They say we will be missing out on a lot of potential clients. What to do????
I would carefully evaluate the potential conflict of interest and assess how the "iron wall" policy is enforced. While having access to a large network of potential buyers is a strong advantage, it's crucial to ensure your interests are fully protected. Consider asking for detailed assurances in writing about how confidential information will be handled, and if needed, consult with a legal or real estate professional to weigh the risks and benefits before proceeding. Ultimately, it comes down to trusting the agent and their brokerage to act ethically and transparently.
I love your style! You should list where you shop! Love that blazer! Where is it from?
I just sold my secondary home. Cash offer day 1.The realtor was pushy and became dual agent further annoying, and not 100% about the seller. Biggest issue, I'm curious if I have a legit complaint. Realtor spoke to husband without me on offer. She then worked out verbal counter. I was unavailable and husband verbally agreed. Realtor then put my house on her social media bragging offer accepted. Nothing was signed the day she posted, and not signed until 2 days later. Her post is how I found out. I was half owner on the deed. Did she have a right to advertise offer accepted on her FB? Before I knew amd both sellers signed?
Awesome laugh. Keep the very informative joy coming! Subscribed. 👍
Thank you! I like my laugh too! Lol! Really appreciate your support.🙌
You mentioned in the video but you have a list of 15 questions to ask the realtor. I can’t find that list. Where can I find it? Thank you.
Sure, you can download it on my website: lambert.homes/questions-to-ask
Best of luck!!
Always great advice. Thanks
My daughter and son-in-law offered what the buyer asking with no contingencies. The buyer accepted and all was good until the next day when the realtor advised that now there is another interested party that has made a higher offer. My daughter wanted the house so they beat the new offer and ended up getting the house. This seems illegal to me because it seems once the two parties agree on the price and terms it should be closed to new offers. What do you think about that. I mean as far as we know the realtor could have made up the new offer.
Hello there! Great question. You need to have a fully executed, signed offer. In real estate, I recommend everything in writing. No implied agreement. If you had your offer signed, the listing agent and seller couldn't renegotiate the offer. Get everything in writing. Sorry to hear about your experience. Ugh.
Love your videos, very professional.
Thank You, You're very Charismatic and I love your videos, Tons of great advice.
Thank you so much!! You made my day!
I love your videos and really appreciate your advice, and can totally relate to the Hair situation! Mine all fell out and then came back wavy and curly. What the heck. I wanted to ask you if you don’t mind, what color is your lipstick and brand? I love it!
I appreciate your videos....very informative, they're excellent. Great advice, straight to the point. Also, that hairstyle looks great on you, you're gorgeous.
Ahhh..thanks so much. Really appreciate your kind words. The hair has been a challenge. Its finally growing out. Its been a process. Ugh. One day at a time.
Love your videos and sense of style!! Have a lot of size 4 clothes from Saks & NM would look great on you, Infact I think I have a ver similar jacket from Joan & David, lovely. Yours if you want,
Second time looking at this good advice! Thank you!
Mrs. Lambert To buy a new house if I have a real estate agent still I have to hire a real estate Lawyer to check paperwork, contract warranty closing cost, etc.?