How Contingencies Work When Buying A House
HTML-код
- Опубликовано: 7 дек 2023
- Are you a first time home buyer wondering about contingencies when buying a house in 2024? What are contingencies? How do contingencies work? How does an appraisal contingency work? How does a loan contingency work? In this video, we discuss contingencies in detail to help you full understand what you're signing when buying a house in the current housing market.
How to Buy a House in 2023 ⏩Watch this NEXT ⏩ • How to Buy a House in ...
HOME BUYER RESOURCES:
🏠 - First Time Home Buyer Course - www.becominghomewise.com
✅ - Get a Referral to a Mortgage Lender or Realtor - www.jebsmith.net/referral
🎙- The Educated Home Buyer Podcast - @TheEducatedHomebuyer
Spotify - open.spotify.com/show/3Ho4sTO...
Apple - podcasts.apple.com/us/podcast...
Connect with me 👇
Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
➡I N S T A G R A M ➳ / jebsmith
➡T I K T O K ➳ www.tiktok.com/mrjebsmith
#housingmarket #firsttimehomebuyer #realestate 
Развлечения
![Kehlani - Next 2 U [Official Music Video]](http://i.ytimg.com/vi/MpI7ekFG8A0/mqdefault.jpg)
🏠 - First Time Home Buyer Course - www.becominghomewise.com
✅ - Get a Referral to a Mortgage Lender or Realtor - www.jebsmith.net/referral
How to Buy a House in 2023 ⏩Watch this NEXT ⏩ ruclips.net/video/y7STnAye41o/видео.html
There is a large risk not mentioned in waiving appraisal contingency… if the appraisal comes in low enough to materially impact your loan terms and you cannot get the amount of financing you expected. You would have to come out of pocket for the difference.
Correct.........Waiving any contingency has it's risks.
100K is now an inevitability. I’ll be happy for you when you get there! Keep grinding!!!!
Thank you......You've been here for the long haul. What all of sudden makes it inevitable?
@@JebSmith Your hard work. You didn’t quit when you were at 5K, 15K, or 55K. You’re at 95K so I know you won’t quit now 😉. The content and delivery is great as well of course, but the “secret sauce” is you.
So much free value in this video thanks Jeb…. Really appreciate it
This is what I was looking for in regards to contingencies in contracts, thanks.
Thanks Jeb! 👍
👍
Great topic Jeb! I’ve always had a murky grasp of contingencies and realtor speak. Looking forward to watching this one.
Thank you!!! Let me know what you think.
Great video
Glad you enjoyed it
I’m in this process Jeb I appreciate this I wish you had an office in the Bay Area
I know a ton of professionals in that market if you need a referral. If so, reach out using the referral link and I'll connect you
I got told I need a co sign after pre approval. I know I can get out and not lose my $$ for deposit!! I feel that would have been nice to know !! Before I went and made an offer lol
I’ll just loose my inspection $$ my realtor added contingency’s
Appraisal
Loan
Thankfully but I wish my lender told me before I went looking.
I can speak from experience here. After watching your videos for about a year now I was patient I waited. I watched prices drop, I negotiated, I did a for sale by owner, VA assumable(2.89%). I came in did some work and I might possibly be in a situation where I have positive equity because of all my due diligence & patience. I did believe the housing market was going to change because the conditions were not sustainable. Most people are impatient and I think the margin is what drives us. Now I don’t know where we’re going from here, probably slightly down for a little bit and then maybe back up to a normal appreciation mode. But again your information has always been helpful. I appreciate it. Thank you for what you do and keep on doing it.
I appreciate it.........congrats on the assumable loan (that's an awesome rate). I also agree that patience is the best option in this environment.
Very helpful. Jeb, what do I need to pay attention to when buying a townhome, especially regarding reading the condo document?
All of it......but the budget and the minutes can tell you a lot about the direction of the community.
Waived home inspection contingency couple years ago and it costed me $110,000 in repairs. Don’t do that.
Wow..... What was wrong?
More important wait for the upcoming home price markdowns . We are going into a deflationary downward trend with housing and all rent prices . Wil last for a few years .