I also heard the seller can write in a kick out clause. If they get a higher offer before close the original buyers offer has to match or exceed the offer. Great video, certainly answered a lot of questions I had. Happy New Year to you and your family! 🥂 Cheers to getting that 100k subcriber plaque. You deserve it and thank you.
Happy new Year to you too. Wow, I have never heard of that clause. There is no way I would ever have my buyer sign something like that. Buyers put a lot of money into the process. The lender is also qualifying them on the purchase price. I like that clause for the seller...however, not sure anyone would sign it. I wouldn't. Good to know though. That's for your kind words.
I had a buyer who was dragging things out. Ultimately because it was a VA loan I had no choice but to refund the deposit. Yes, he’d found another house!
Yes Agree this is Garbage playing Games. Twice we had this happen. Jumped through hoops 4 weeks & 5 weeks then they pulled out. Negotiated the crap out of us too plus reduced price
Ugh...sorry to hear that. I think the hardest thing I am dealing with right now is the lack of respect buyer have for sellers. Its a lot of work going under contact, doing home inspections, and accommodating their requests. yes, it our job...but please don't back out of the contract for silly things. It's rude and just a waste of everyone's time. I just hate wasting time. Have a wonderful New year!! Thanks for watching.
Sorry to hear your Olive isn't feeling well, Audra. I had to to exercise a seller's contingency in 2023 to cancel the sale; buyer had already extended the closing date twice, and I couldn't find anything I wanted to buy. Disappointing, but I wasn't going to leave the buyer waiting any longer, and the market wasn't getting any better for me. Fortunately there was no drama from the buyer. But remember to put those contingencies in writing, in the contract, not just in the listing.
Audra, please let us all know you and your family are safe! Those fires are absolutely heartbreaking... Please make a video soon or let everyone know you are ok. We know you will be so busy helping and trying to help people find housing etc. I work with a realtor Rose Dell a 30 yr realtor here in the FL Keys and Key West and we would love to see anyone affected come relocate while they decide on their next options and moves. I have 3 friends displaced or homeless in LA after this. 😢
Tell us about the barking neighbor dog when selling the home in a video please. I have had two buyer run away at a showing. Thanks so much for your amazing videos. You have a gift.
Ahh...thank you. Yes, I too dislike barking dogs. Barking dogs can be considered an nuisance. If its once in a while, perhaps that's okay. My guess, this sounds like a continual problem. I would definitely chat with your neighbor about their barking dog...and that it needs to stop immediately. It sounds like the barking dog is effecting the value of your home. Not cool.
@@AudraLambertIt's important to not hide the issue from the buyer. I purchased a home and discovered the constant howling my first night, and I couldn't stop crying. So the next day I worked on a privacy fence with music blaring to force them out. It worked. I'm actually a very quiet person who hates noise. I later learned that the poor dog was dying of untreated cancer. Those people were absolutely terrible people.
We have been very happy with the realtor that we have been working with to sell our 4 rentals. The first one was under contract within a few weeks and we closed 12/10. Same buyers are purchasing #2 rental property, closing on 1/3. Some of those funds will go towards major repairs and bringing the plumbing up to current code in #3 rental. Then we’ll raise the rent and be ready to sell 1/2026.1:48
Hey Audra! Happy New Year! 3 of the things I love...pleated skirts, lip gloss....and Audra's channel! I'd hire you in a New York second if you were working the Colorado Springs area. I love listening to your advice, which is both informative and entertaining, but a word of caution - be careful of your use of the term "Realtor", which is a registered trademark. You know what Realtor means, and NAR membership is declining rather precipitously. Just say "agent".
Happy New Year Audra! Great video with valuable info regarding contracts. 100K subscribers next year is absolutely doable because you always provide great content.. Wishing you and your family all the best in the new year to come. Stay well.
Another GREAT video Audra and thanks for sharing your expertise so well with all of us. Happy 2025 from Albuquerque and I will say a prayer for sweet Olive. I hope she feels better really soon. She looks like a really sweet dog. Take care and keep the videos coming in the new year! 😊
Bravo, that is a fantastic strategy. If everyone is happy to continue working together then there is not need to cancel the contract or end it. However, if you or the agent are unhappy you easily have an out and its not so far off.
I don't think you need to state that you are going to leave a "negative review". You just let them know that you will be leaving a review about your experience.
In California, if the Seller sends a Notice to Perform for a contingency, the Purchase Agreement stipulates that the Seller shall authorize the return of the Buyer's deposit. True, it's not automatic but it is pretty clearly spelled out.
We agreed to purchase a home. We signed a contract and put down earnest money. Four days later, there was a teen shot near the house we purchased. I quickly told the realtor we will not be buying the home and gave the reason. The seller let us out of the contract and gave our earnest money back.
I got out of a new home purchase in Michigan and got a 100% refund. The seller didn't disclose a creek - labeled it as a "ditch"; wanted to transfer responsibility to me for drainage issues; and refused to install gutters even though all other homes he was selling had them. I wrote a letter laying out the problems and threatening to write complaints to the city, state, and Realtors' Association.
So glad it worked out in your favor. A contract goes both ways, all parties have to adhere to what they have signed (part of that is seller disclosing all material facts about the property).
Just another reminder of why consumers want an overhaul of the real estate industry and commissions. Sellers too often are binded to horrible agents that only care about collecting their commissions..
Well...the buyers do have the responsibility of choosing good representation. Always a good idea to interview your buyer. There are good ones out there. I do have compassion for those that done.
@AudraLambert Many realtors market themselves well and hide their deception. You can't always be 100% sure you have chosen an honest agent until you are legally binded into a contract. I speak from first hand experience. Agents that don't hold up to their fiduciary agreement need to be held to harsh accountability. That would bring actual change consumers want to see...
@AudraLambert lts hard for consumers to be 100% sure on their realtors' intentions. Some of them are good at marketing yet are still completely self-serving. You can do some research online and read reviews, but it still doesn't guarantee a fair outcome. My last selling realtor was horrid and cost me a ton of money. His reviews were decent at the time, and now have dropped significantly over the last 2 years. Realtors often boost their review ratings with family and friends reviews..
What if you are under contract to buy a house and the seller refuses to make the repairs detailed in the contract. When I contract my buyers agent they tell me the repairs will be completed after closing.
We were stuck in a 6 month listing agreement with an agent who was also a friend, so I had to stick it out to the end even though we were never satisfied with the service they provided, Sadly. I regret it. We are listing with a top agent in our area here in AZ very soon. Should’ve done that from the start!
It can be a stick situation when working with friends especially if they aren't going above and beyond or if their aren't the best of the best. Good luck with the upcoming sale.
Audra thank you for always putting out such great info....I love your videos- so informative. Ha- I just started painting with Benjamin Moore, cloud, white, Aura paint...I agree- Love Benjamin Moore Aura paint- geez- even makes my paint job look professional! Thanks- again
Audra- Have you ever not taken a listing because you knew the sellers were going to be waaaay too difficult? Or the expectations of their home selling at price you knew was too high?
Yes, of course. The interview process goes both ways. If someone doesn't want to cooperate and partner on strategy to buy or sell their home, I am out. I have enough headaches in my life already:). Happy New Year to you. Thanks so much for your support.
@ I have only been selling homes for 5 years in WA state but the market has definitely shifted. Sellers still think they don’t need to do much for their house to sell quickly and for a high price. I love sellers who do their part and who are willing to do what you ask. It only benefits them. Loved this video by the way. Thank you for enlightening all the sellers and buyers. A lot of them don’t know what questions to ask. Knowledge is power and your videos will help them hire a good agent in their area. Happy New Year! Beth
@@pnwsaylorcolumbia8572 Sellers that work together with their agents are most definitely going to be the winners in the situation. Congrats on 5 yrs in the business. Thank you for the kinds words and a Happy New Year to you as well.
My buyer decided to cancel her contract after keeping my house off market for 5 weeks this past fall. She had no reason listed and wants her 25k deposit back. She had No contingencies and she passed on inspections. In the state of PA we have to mediate before going to court. The mediator contacted us both and the buyer won’t even respond to the mediation request. I’m not sure what’s next. My realtor will be looking into the next step Monday after the holidays. 🤷🏻♀️
Oh goodness, so sorry to hear that you are having to go through mediation. Sounds like an unreasonable buyer. Keep fighting the good fight and you will come out on top.
I really enjoyed today's segment! Terrific insight! Excellent presentation! You indeed sprung into your 'professional mode' today, young lady. Little Olive is adorable! I'm sure you will reach 100K well before the summer of 2025! Happy New Year! :>)
I am trying to sell my house, and I interviewed two different full service agents. They described the services that they promised to provide such as marketing, open house, professional photos,…. However, the listing agreements did not include the services they verbally promised to provide. I explained to them that the contract must be comprehensive and include all their services including the verbal promises. I would not accept verbal agreements with the agents. They refused. I did not sign. Why did the agents refused to include in the listing agreement promises they verbally make to me?
Thank you for sharing your experience. It’s understandable that you’d want all promised services clearly outlined in the listing agreement to ensure transparency and accountability. Agents may hesitate to include verbal promises in the contract due to concerns about liability or difficulty delivering on specific commitments under certain circumstances. However, your request for a comprehensive agreement is reasonable, as it helps protect both parties.
I got out of one a year ago. I was going to have to lie about my income on a mortgage application to have enough income to qualify to buy the place. I was verbally encouraged by the agent to do so that as long as I made the payment it would be fine. It would have required me to both overstate my business revenues and underreport expenses, and overpay my income taxes by about $15,000 for US and Kansas combined. I put it in an e-mail to the agent and that contract got cancelled. I lost a deposit but I got out of buying a property that would have caused me financial ruin and was way too much for me and our family (6,000 square feet for a couple with an adult child and a widow roommate).
Yes, it sounds like you made the right choice. Hate to hear you lost your deposit. Some of the best lessons I have learned are from mistakes. I wish you the best. Happy new Year!!
@@stevend8785 Every tax form you file based on the fraudulent mortgage could be seen as fraudulent, because you could wind up getting more income tax back than legally entitled to. Or at least that what the IRS and Kansas could say. I'm sure there's other issues which could arise out of this kind of deal. Good thing you walked away.
In California, the contract defaults to 17 days however they can negotiate that to be shorter or longer if necessary. Often times we see the contingency time period be 10-14 days.
Audra, news to me, I thought in Cali the buyer had 17 days for contingencies. Buyer to get money back for any reason, period. Sounds like I may have that wrong? I got my earnest money back on a property in 2017, however the other side fibbed about condition of septic system. Caught em red handed, in a Whopper!
A contract goes both ways, all parties have to adhere to what they have signed (part of that is seller disclosing all material facts about the property). If they don't disclose all information then they are in breach of contract. In California, the contract defaults to 17 days for the contingency time frame, however this can be negotiated to be shorter or longer if necessary. Often times we see the contingency time period be 10-14 days.
@@AudraLambert I appreciate your response re: contingency deadlines. It looks like you’re having a lot of fun. RUclips is a great venue, you do a great job of helping us. Wishing you a wonderful 2025!
Here’s another scenario: The Sellers have a change of heart (could be for a myriad of reasons) and decide to pull their home from the market. They aren’t in a contract with a Buyer and have no issue with their agent or brokerage; life simply got in the way.
I actually bought a house and the seller said they changed their mine about selling their house 4 days after signing the contract. LOL.. I am like sorry, we have a contract and you are moving.
The real estate industry is a joke. In all my 50 years of dealing with agents, I have only had a few ethical professional ones.The commissions are supposedly negotiable, but good luck with that. The exception: If you were local , I would hire you.
I would be happy to get you connected with a few local agents, please email me directly so that we can follow up with you. referrals@lambertgrouphomes.com
Once you take your house off the market (cancellation of contract/cancelled in MLS) you have 91 days to wait until the Days on Market go to zero (That is in California, that is). Hope that helps.
Everything your advice I try to do before have my house in the market. You are so awesome. Thank you 😊
Ahh...thank you. So happy I can help. Have a wonderful new year...and best of luck.
I also heard the seller can write in a kick out clause. If they get a higher offer before close the original buyers offer has to match or exceed the offer. Great video, certainly answered a lot of questions I had. Happy New Year to you and your family! 🥂 Cheers to getting that 100k subcriber plaque. You deserve it and thank you.
Happy new Year to you too. Wow, I have never heard of that clause. There is no way I would ever have my buyer sign something like that. Buyers put a lot of money into the process. The lender is also qualifying them on the purchase price. I like that clause for the seller...however, not sure anyone would sign it. I wouldn't. Good to know though. That's for your kind words.
I had a buyer who was dragging things out. Ultimately because it was a VA loan I had no choice but to refund the deposit. Yes, he’d found another house!
Yes Agree this is Garbage playing Games. Twice we had this happen. Jumped through hoops 4 weeks & 5 weeks then they pulled out. Negotiated the crap out of us too plus reduced price
Ugh...sorry to hear that. I think the hardest thing I am dealing with right now is the lack of respect buyer have for sellers. Its a lot of work going under contact, doing home inspections, and accommodating their requests. yes, it our job...but please don't back out of the contract for silly things. It's rude and just a waste of everyone's time. I just hate wasting time. Have a wonderful New year!! Thanks for watching.
@AudraLambert 🥰❤
@@sue272 And then it’s been too long on the market, it was a mess.
Happy New Year🎉
Good show your classes make my head spin! PS you clean up nice.
Hi There...and Happy new Year. Thanks for the compliment. Sorry I make your head spin:)
This is very helpful, thank you!!! 🙌🏼
You're welcome
Great episode. Informative and entertaining as usual.
AWE THANK YOU!!! I appreciate your support and Happy New Years.
I absolutely love your videos.
Thank you for your support, I am thrilled you are finding value in my videos.
Audra - as always - excellent info. And it was nice to meet sweet Olive. Hopefully she is feeling better soon!!!!
Thank you so much.
Sorry to hear your Olive isn't feeling well, Audra.
I had to to exercise a seller's contingency in 2023 to cancel the sale; buyer had already extended the closing date twice, and I couldn't find anything I wanted to buy. Disappointing, but I wasn't going to leave the buyer waiting any longer, and the market wasn't getting any better for me. Fortunately there was no drama from the buyer. But remember to put those contingencies in writing, in the contract, not just in the listing.
Absolutely great points and always get everything in writing.
Audra, please let us all know you and your family are safe! Those fires are absolutely heartbreaking... Please make a video soon or let everyone know you are ok. We know you will be so busy helping and trying to help people find housing etc. I work with a realtor Rose Dell a 30 yr realtor here in the FL Keys and Key West and we would love to see anyone affected come relocate while they decide on their next options and moves. I have 3 friends displaced or homeless in LA after this. 😢
I am so sorry to hear that. I am safe but so so many are not. Many prayers to those being affected.
Very informative much appreciated
Tell us about the barking neighbor dog when selling the home in a video please. I have had two buyer run away at a showing. Thanks so much for your amazing videos. You have a gift.
Ahh...thank you. Yes, I too dislike barking dogs. Barking dogs can be considered an nuisance. If its once in a while, perhaps that's okay. My guess, this sounds like a continual problem. I would definitely chat with your neighbor about their barking dog...and that it needs to stop immediately. It sounds like the barking dog is effecting the value of your home. Not cool.
@@AudraLambertIt's important to not hide the issue from the buyer. I purchased a home and discovered the constant howling my first night, and I couldn't stop crying. So the next day I worked on a privacy fence with music blaring to force them out. It worked. I'm actually a very quiet person who hates noise. I later learned that the poor dog was dying of untreated cancer. Those people were absolutely terrible people.
The problem is the neighbor, not the dog.
Good advice!
We have been very happy with the realtor that we have been working with to sell our 4 rentals.
The first one was under contract within a few weeks and we closed 12/10.
Same buyers are purchasing #2 rental property, closing on 1/3.
Some of those funds will go towards major repairs and bringing the plumbing up to current code in #3 rental.
Then we’ll raise the rent and be ready to sell 1/2026.1:48
Good for you!! Congrats...and best of luck!! Sounds like you found a great realtor!!
@ he just happens to be my girlfriend who is also my hairdresser’s husband 🤭.( keeping it in the family, her nephew is my son -n-law😘).
Audra, you must have been reading my mind!
Oh good...so glad I could help! Happy New Year!!
@AudraLambert Happy New Year!
Hey Audra! Happy New Year! 3 of the things I love...pleated skirts, lip gloss....and Audra's channel! I'd hire you in a New York second if you were working the Colorado Springs area. I love listening to your advice, which is both informative and entertaining, but a word of caution - be careful of your use of the term "Realtor", which is a registered trademark. You know what Realtor means, and NAR membership is declining rather precipitously. Just say "agent".
I appreciate that insight and I so love to hear that you are enjoying my style and my channel.
❤Happy New Year🎉
Happy New Year to you too!!
Very insightful. Thank you!
You're very welcome.
Happy New Year Audra! Great video with valuable info regarding contracts. 100K subscribers next year is absolutely doable because you always provide great content.. Wishing you and your family all the best in the new year to come. Stay well.
Thank you so very much! Really appreciate your kind words. Happy New Year!!
Thank you so much for your videos!
Thank you so much for your kind words.
Another GREAT video Audra and thanks for sharing your expertise so well with all of us. Happy 2025 from Albuquerque and I will say a prayer for sweet Olive. I hope she feels better really soon. She looks like a really sweet dog. Take care and keep the videos coming in the new year! 😊
Happy New Year!!!
@@AudraLambert Thank you Audra and keep up your fine work with us in the new year! Take care!
I recently gave my agent a 60 day listing with a verbal agreement to extend the listing contract if happy with performance.
Bravo, that is a fantastic strategy. If everyone is happy to continue working together then there is not need to cancel the contract or end it. However, if you or the agent are unhappy you easily have an out and its not so far off.
I don't think you need to state that you are going to leave a "negative review". You just let them know that you will be leaving a review about your experience.
Even better said..you are absolutely correct. I really like the way you worded that. Happy new Year!
In California, if the Seller sends a Notice to Perform for a contingency, the Purchase Agreement stipulates that the Seller shall authorize the return of the Buyer's deposit. True, it's not automatic but it is pretty clearly spelled out.
We agreed to purchase a home. We signed a contract and put down earnest money. Four days later, there was a teen shot near the house we purchased. I quickly told the realtor we will not be buying the home and gave the reason. The seller let us out of the contract and gave our earnest money back.
Oh goodness what a terrible situation, thank goodness the sellers were understanding and didn't give you any push back.
I got out of a new home purchase in Michigan and got a 100% refund. The seller didn't disclose a creek - labeled it as a "ditch"; wanted to transfer responsibility to me for drainage issues; and refused to install gutters even though all other homes he was selling had them. I wrote a letter laying out the problems and threatening to write complaints to the city, state, and Realtors' Association.
So glad it worked out in your favor. A contract goes both ways, all parties have to adhere to what they have signed (part of that is seller disclosing all material facts about the property).
I would be very grateful for your thoughts about buying a foreclosure real estate
Okay...great video topic. Let me work on that!!
Just another reminder of why consumers want an overhaul of the real estate industry and commissions. Sellers too often are binded to horrible agents that only care about collecting their commissions..
Well...the buyers do have the responsibility of choosing good representation. Always a good idea to interview your buyer. There are good ones out there. I do have compassion for those that done.
@AudraLambert Many realtors market themselves well and hide their deception. You can't always be 100% sure you have chosen an honest agent until you are legally binded into a contract. I speak from first hand experience. Agents that don't hold up to their fiduciary agreement need to be held to harsh accountability. That would bring actual change consumers want to see...
@AudraLambert lts hard for consumers to be 100% sure on their realtors' intentions. Some of them are good at marketing yet are still completely self-serving. You can do some research online and read reviews, but it still doesn't guarantee a fair outcome. My last selling realtor was horrid and cost me a ton of money. His reviews were decent at the time, and now have dropped significantly over the last 2 years. Realtors often boost their review ratings with family and friends reviews..
What if you are under contract to buy a house and the seller refuses to make the repairs detailed in the contract. When I contract my buyers agent they tell me the repairs will be completed after closing.
Hope your dog is feeling better. ❤
Thank you so much.
Happy New Year Audra! (I hope Olive is feeling better.)
Thank you so much. Olive is feeling a bit better. Breaks my heart!! Happy New year to you too.
We were stuck in a 6 month listing agreement with an agent who was also a friend, so I had to stick it out to the end even though we were never satisfied with the service they provided, Sadly. I regret it. We are listing with a top agent in our area here in AZ very soon. Should’ve done that from the start!
It can be a stick situation when working with friends especially if they aren't going above and beyond or if their aren't the best of the best. Good luck with the upcoming sale.
@ Very sickly indeed! Thank you so much Audra! Happy New Year and many blessings in 2025!
Audra thank you for always putting out such great info....I love your videos- so informative.
Ha- I just started painting with Benjamin Moore, cloud, white, Aura paint...I agree- Love Benjamin Moore Aura paint- geez- even makes my paint job look professional!
Thanks- again
Wonderful! So glad its turning out well. Love that paint! Happy New Year!!
Audra- Have you ever not taken a listing because you knew the sellers were going to be waaaay too difficult? Or the expectations of their home selling at price you knew was too high?
Yes, of course. The interview process goes both ways. If someone doesn't want to cooperate and partner on strategy to buy or sell their home, I am out. I have enough headaches in my life already:). Happy New Year to you. Thanks so much for your support.
@ I have only been selling homes for 5 years in WA state but the market has definitely shifted. Sellers still think they don’t need to do much for their house to sell quickly and for a high price. I love sellers who do their part and who are willing to do what you ask. It only benefits them.
Loved this video by the way. Thank you for enlightening all the sellers and buyers. A lot of them don’t know what questions to ask. Knowledge is power and your videos will help them hire a good agent in their area. Happy New Year!
Beth
@@pnwsaylorcolumbia8572 Sellers that work together with their agents are most definitely going to be the winners in the situation. Congrats on 5 yrs in the business. Thank you for the kinds words and a Happy New Year to you as well.
My buyer decided to cancel her contract after keeping my house off market for 5 weeks this past fall. She had no reason listed and wants her 25k deposit back. She had No contingencies and she passed on inspections. In the state of PA we have to mediate before going to court. The mediator contacted us both and the buyer won’t even respond to the mediation request. I’m not sure what’s next. My realtor will be looking into the next step Monday after the holidays. 🤷🏻♀️
Oh goodness, so sorry to hear that you are having to go through mediation. Sounds like an unreasonable buyer. Keep fighting the good fight and you will come out on top.
@ I hope so. She caused me stress and a financial loss, but Luckily I sold the house 4 days later to a lovely family. Closing 1/6/25! 😁
My realtor/broker or a husband and wife team no Major brokerage house. They did nothing for five months. No photos, no marketing, no MLS listing.
WHAT?!?! That is absolutely insane. I have no other words for that type of neglect.
I really enjoyed today's segment! Terrific insight! Excellent presentation! You indeed sprung into your 'professional mode' today, young lady. Little Olive is adorable! I'm sure you will reach 100K well before the summer of 2025! Happy New Year! :>)
Thanks so much! Appreciate your continuous support. Truly!! Happy new Year to you!
I had a 2 month contract
She sold it less than 1 month
I am trying to sell my house, and I interviewed two different full service agents. They described the services that they promised to provide such as marketing, open house, professional photos,…. However, the listing agreements did not include the services they verbally promised to provide. I explained to them that the contract must be comprehensive and include all their services including the verbal promises. I would not accept verbal agreements with the agents. They refused. I did not sign. Why did the agents refused to include in the listing agreement promises they verbally make to me?
Thank you for sharing your experience. It’s understandable that you’d want all promised services clearly outlined in the listing agreement to ensure transparency and accountability. Agents may hesitate to include verbal promises in the contract due to concerns about liability or difficulty delivering on specific commitments under certain circumstances. However, your request for a comprehensive agreement is reasonable, as it helps protect both parties.
Put a WEASEL CLAUSE in every contract. I backed out of a purchase with "subject to my brother's approval."
Oh good grief...I would never recommended my seller to accept an offer based on a brother's approval. But good for you!
@ I've learned the hard way that people aren't always honest. Weasel clauses are needed to protect yourself, but I wish it wasn't necessary.
@ I forgot, it was a FSBO, cash purchase, offered by a seller with bad vibes.
I got out of one a year ago. I was going to have to lie about my income on a mortgage application to have enough income to qualify to buy the place. I was verbally encouraged by the agent to do so that as long as I made the payment it would be fine. It would have required me to both overstate my business revenues and underreport expenses, and overpay my income taxes by about $15,000 for US and Kansas combined. I put it in an e-mail to the agent and that contract got cancelled. I lost a deposit but I got out of buying a property that would have caused me financial ruin and was way too much for me and our family (6,000 square feet for a couple with an adult child and a widow roommate).
Yes, it sounds like you made the right choice. Hate to hear you lost your deposit. Some of the best lessons I have learned are from mistakes. I wish you the best. Happy new Year!!
Let alone having to commit criminal fraud, tax fraud, and Aggravated Mopery to get the property.
@ Is it tax fraud to overpay? It might be fraud on the loan application. But yeah I came to my senses and let it go.
@@stevend8785 Every tax form you file based on the fraudulent mortgage could be seen as fraudulent, because you could wind up getting more income tax back than legally entitled to. Or at least that what the IRS and Kansas could say. I'm sure there's other issues which could arise out of this kind of deal. Good thing you walked away.
Out of curiosity, what’s the average time you give a buyer for contingencies?
In California, the contract defaults to 17 days however they can negotiate that to be shorter or longer if necessary. Often times we see the contingency time period be 10-14 days.
@ thank you :)
All of this is well defined in your original contract. Not that complicated.
Audra, news to me, I thought in Cali the buyer had 17 days for contingencies. Buyer to get money back for any reason, period. Sounds like I may have that wrong? I got my earnest money back on a property in 2017, however the other side fibbed about condition of septic system. Caught em red handed, in a Whopper!
A contract goes both ways, all parties have to adhere to what they have signed (part of that is seller disclosing all material facts about the property). If they don't disclose all information then they are in breach of contract. In California, the contract defaults to 17 days for the contingency time frame, however this can be negotiated to be shorter or longer if necessary. Often times we see the contingency time period be 10-14 days.
@@AudraLambert I appreciate your response re: contingency deadlines. It looks like you’re having a lot of fun. RUclips is a great venue, you do a great job of helping us. Wishing you a wonderful 2025!
Here’s another scenario: The Sellers have a change of heart (could be for a myriad of reasons) and decide to pull their home from the market. They aren’t in a contract with a Buyer and have no issue with their agent or brokerage; life simply got in the way.
@@renees_ruminations0323 That’s a very reasonable scenario. Life happens and things change.
The realtor told me it was past the 10 days and I'd have to contact a lawyer...😮
Best to be accurately informed and prepared for any contract obligations.
I actually bought a house and the seller said they changed their mine about selling their house 4 days after signing the contract. LOL.. I am like sorry, we have a contract and you are moving.
You are right!! Hope it all turned out well for you.
@@AudraLambert She moved. LOL
The real estate industry is a joke. In all my 50 years of dealing with agents, I have only had a few ethical professional ones.The commissions are supposedly negotiable, but good luck with that. The exception: If you were local , I would hire you.
Happy new year God Blessed. Audra hope you have time to answer my question. I need referral to sale my house on April 2025. ROSWELL NM. THANK YOU
I would be happy to get you connected with a few local agents, please email me directly so that we can follow up with you. referrals@lambertgrouphomes.com
Last great video of 2024. Happy, blessed, healthy, beat subscriber goal 2025 Audra!! Can’t wait to see what you show/teach us in 2025.
Ahh...thank you so much! Happy, blessed, health to you too!! Thanks for your support. Happy New Year
Love you❤Thank you for all you Share🎉🎉🎉🎉2025
Ahh...thank you so much Sue. Happy New Year to you too!!
Wow! So hostile toward buyers! Sellers never pull any nonsense?
How long does it take to reset DOM and CDOM?
Once you take your house off the market (cancellation of contract/cancelled in MLS) you have 91 days to wait until the Days on Market go to zero (That is in California, that is). Hope that helps.
@AudraLambert Thank you! Your videos are so helpful!
thumbnail looks scary.