Wow I got mindblowned by the “reinspection” tip. That was something we didn’t do the last time we bought a house, turns out we trusted the seller too much that the repairs weren’t done seamlessly and it was so cheap that we had it done the nexy couple of months. Lesson learned. Thank you for this video, Javy. You’re so good at explaining things and your video is so easy to understand. Your thought procrss and editing is amazing.
Our house buying was surprisingly easy. The worst part was the day we did the earnest money, everyone started triggering my anxious partner by telling him horror stories. Multiple contractors fixing stuff we knew about later, none of their doomsaying came to pass and the house is great!
Just made an offer that was accepted and am glad I follow your channel because I have a better grasp of the questions I will ask and what to expect in the next few weeks.🤘🏼
A cash transaction can be quicker. We had a home inspection and pest inspection in Texas. We had got everything done w the electric and roof repairs in about two weeks.
The sellers wanted lawyers. It turned out that they were hiding an upcoming divorce. In fact the wife filed too early and the paperwork had to be redone.
Thanks for this video, Javier. What do you do if there were damages or repairs not done found during reinspection? How do we renegotiate? Should we push out the closing date? And what if the seller refuses to make the fixes? Am in a tough spot. Thank you.
Hey boss I was thinking of purchasing a home here in the LA Area of Cali sometime in the next year or two. I want to put in a cash offer, please make a video about the pros and cons of cash offers.
Forgive the really cringe question here: But why did bigger pockets always say, "Send out 100 offers a week?" I never understood that. The only thing I can think of is you lowball so low, that only the really good deals/desperate one says yes to. But is there something I misunderstood there?
Not sure if this differs between states or if you mentioned it already at all. Lets say during the inspection, you notice a few things that may need to be fixed but arent super important fixes (To you personally). Can you (instead of maybe telling the seller about them to "fix") use these things to lower the total cost instead? Not sure how much sense the question makes lol
Oh yeah 100% you can. That said the seller doesn't have to agree, and if you're past your escrow period and these fixes are a deal breaker for you then you might want to start praying to whichever higher entity you believe in that you can find a way to be let off the hook. If you're going with FHA, the appraisal includes a small inspection and you're allowed to back off with no penalty if the property is overpriced. That said you don't have to back off, and yet again the seller wouldn't need to comply with your appraisal adjustment requests. Either way always always always pay the extra few hundred bucks to bring a private inspector
@javier The clicking sounds that you use every now and then throughout your videos can be very annoying. It makes it impossible to just listen to your podcasts. For example the one at second 26
Wow I got mindblowned by the “reinspection” tip. That was something we didn’t do the last time we bought a house, turns out we trusted the seller too much that the repairs weren’t done seamlessly and it was so cheap that we had it done the nexy couple of months. Lesson learned. Thank you for this video, Javy. You’re so good at explaining things and your video is so easy to understand. Your thought procrss and editing is amazing.
Our house buying was surprisingly easy. The worst part was the day we did the earnest money, everyone started triggering my anxious partner by telling him horror stories. Multiple contractors fixing stuff we knew about later, none of their doomsaying came to pass and the house is great!
Congratulations
Just made an offer that was accepted and am glad I follow your channel because I have a better grasp of the questions I will ask and what to expect in the next few weeks.🤘🏼
Fantastic!
Did you get the house ?
11:24 should be "insurance companies" not inspections companies. you can add a card or note to the video.
In Massachusetts, the inspection period is only 2 to 5 days. And it occurs before the offer to purchase.
Don't forget to check for bug infestations.
A cash transaction can be quicker. We had a home inspection and pest inspection in Texas. We had got everything done w the electric and roof repairs in about two weeks.
The sellers wanted lawyers. It turned out that they were hiding an upcoming divorce. In fact the wife filed too early and the paperwork had to be redone.
Great Video. Helpful step by step process ! So many mini tips that we often might overlook. Thank you for this man ! Appreciate it a lot.
“Massive debt just hit your credit “. Dang ,that’s sobering!😮 really good vid, thanks!
Thanks for this video, Javier. What do you do if there were damages or repairs not done found during reinspection?
How do we renegotiate?
Should we push out the closing date? And what if the seller refuses to make the fixes?
Am in a tough spot.
Thank you.
This was so helpful! We are trying to buy our first home (in another state) and this timeline made this seem doable.
Thank you for these videos 👍 you seem very trustworthy
Hey boss I was thinking of purchasing a home here in the LA Area of Cali sometime in the next year or two. I want to put in a cash offer, please make a video about the pros and cons of cash offers.
Hi, I live in Arizona and currently building a new home. What is the process like for new builds?
Forgive the really cringe question here: But why did bigger pockets always say, "Send out 100 offers a week?" I never understood that. The only thing I can think of is you lowball so low, that only the really good deals/desperate one says yes to. But is there something I misunderstood there?
They serve real estate investors and wholesalers, that's why they are saying that.
Where online can you find the information about repair history and history of infestation? Are there good websites for this?
A seller denied our offer because of the lender we had. Didnt know that happened
Javy I would fly you to Oregon and pay for your stay if you were my agent, but dunno if you are licensed here :D
Good info. Thank you
Not sure if this differs between states or if you mentioned it already at all. Lets say during the inspection, you notice a few things that may need to be fixed but arent super important fixes (To you personally). Can you (instead of maybe telling the seller about them to "fix") use these things to lower the total cost instead?
Not sure how much sense the question makes lol
Oh yeah 100% you can. That said the seller doesn't have to agree, and if you're past your escrow period and these fixes are a deal breaker for you then you might want to start praying to whichever higher entity you believe in that you can find a way to be let off the hook.
If you're going with FHA, the appraisal includes a small inspection and you're allowed to back off with no penalty if the property is overpriced. That said you don't have to back off, and yet again the seller wouldn't need to comply with your appraisal adjustment requests.
Either way always always always pay the extra few hundred bucks to bring a private inspector
At 11:37 you say inspection companies but then talk about combining a home and car into a policy. Did you mean insurance companies?
I have the same question.
YES! Sorry
@javier The clicking sounds that you use every now and then throughout your videos can be very annoying. It makes it impossible to just listen to your podcasts. For example the one at second 26
First ?
What happens if something new is found during the walkthrough period can you cancel your contract or renegotiate