Just wanted to let you know i’m buying my first home on my own and your videos have really really really made sense of everything. I feel much more comfortable about moving forward with what to expect financially, mentally etc. Thank you Thank you! 😊
How did it go for you did you purchase your home ? I’m working with an agent and they never go to open homes with me and there is one particular home I am interested and they told me that it wasn’t available when I’m the sites it says it is so I’m confused 😐 whether to stay with an agent
Just wanted to say a big THANK YOU for all your videos! We are closing on our first home in 2 weeks and your videos have helped explain so much and helped put my mind at ease! You were the first video that I watched when I went searching for advice on youtube! Shame you don't have more subs and views, kinda a tougher channel model since many just come and get the info they need while they are going through the process and then leave when they don't really need the info anymore! I subbed anyway, you never know when I will need this stuff again, it's all very interesting! GREAT channel though, great personality, and high content value! My only requests would be any home OWNER tips you may have, ways to help the home hold its value over time, other helpful info for when you are not buying or selling but in between! I'm sure someday we will need to sell and I will want to prepare for that eventuality the whole time, not just last minute someday in the future! Anyway, thanks again!!!
Thanks Samantha! That means a lot to me, really. I appreciate you subscribing. I know the content on my channel may only be useful for people looking to buy real estate. I'm working on broadening the scope to include home owner tips and behind the scenes video of what I do and how I help my clients
Lovely comment Samantha, I've found myself in a similar position to where you were a year ago writing this comment. So grateful for these tips on RUclips! It would be a lot tougher if they didnt exist. Hope the house sale went through smoothly :)
To Follow up Matt, we bought out first home finally. Our buyer is paying the closing cost entirely. Something I haven’t seen anyone talk about is why is there a listing price but when the house is appraised it’s possible the price drops? Also conventional loans appraise homes more appealing to the buyer than other loans. We lucked out we offered what the buyer wants for price wise but appraised way more than the buyer asked for. They also doing the repairs from the home inspection we requested. Key things to look for are big ticket items hvac, roof windows when house shopping. Pictures don’t mean anything we went to see many homes in the Nova area and not what the pictures portrayed so it’s always good to see them in person. Our buyer had well maintained the home 2 year old roof gutters and warranty on hvac, plumbing, and electric on top of giving us home warranty which is common. A lot don’t focus on the outside of the home but the inside which is risky. Bad roof equals wet walls and ceiling down the roads Also look at trees sitting close to roof the trees have acid that could damage the roof. Also the way the house sits on hills if water comes towards to house. Key things to look for when starting your home search.
Where should my credit score be for sellers to take me serious??? And if I am buying a two hundred thousand dollar townhome how much should I save up on down payment etc??
I'm buying my first home and it's in another state. I'm trying to go through this step by step and yes, sometimes I get butterflies. The lender seems to be a nice guy and I'm in the process of saving and waiting. Thank you for your time. I could sure use the help!
Great video man ,want to ask...when looking at comps how do l know the condition they were in when they were sold .l'm trying to find the value of a property.Thanks
Your videos are very helpful and prepares a lot of us first time home buyers to be confident. I'm glad I found this video if I had not I probably would have just sat down and waited couple months or years to buy a house. Time is money for us in the military invest while you're still in. Thank you very much! More power to you Sir!
I really enjoy your videos. They are very informative for us homebuyers. I have a question. I'm a first time home buyer, and I've just gotten pre approved for a loan. Should I seek the help of a real estate attorney to help guide me through the home buying process? I do have my own real estate agent.
Just started watching your videos. Like the in the past video I commented I forgot to mention I'm a veteran and using the VA home loan assistance for my first home purchase. Do you have any videos with VA info on it? Btw your videos are very helpful! Great knowledge you're giving away. Thank you.
Matt, i've been studying your video and taking plenty of notes. I found a great little project house as a first-time buyer *HOWEVER* I am experiencing some serious confusion with the Estate Agents, they seem to contradict eachother and it makes me question if they're bending the truth to manipulate me into offering a higher bid for the property. What would you suggest some of the best tips are for keeping your cool but also conversion to purchasing and closing the deal? Really appreciate any help - I'm trying not to let my emotional attachment affect this bid, I've kept my cool so far just difficult as I don't want my conscious cat and mouse strategy to screw me over. Many thanks in advance, Emma!
Thanks for watching Emma! It sounds like you're getting multiple opinions from a few different real estate agents. Are you working exclusively with just one real estate agent? Do you trust your real estate agent? If you are concerned that an agent is bending the truth, I would revisit your relationship with your current buyer's agent to see if you all need to talk some things over or go ahead and move forward with a different agent. Good luck!
Hey @@TheMattLeighton - Thank you for responding to my comment! The estate agents I referenced in my previous comment are the vendor's agents. There are two reps working for the vendor and they contradict each other which makes me question their honesty and integrity. (I understand they are trying to obtain maximum money for the property but one says the vendor can reduce a max. of £5K and the other says there has been a bid at asking price - which I'm questioning if it is true as it's only been a week since we offered and the property needs some refurbishment; plus, they haven't taken the property off the market). So far we have only put forward one offer and are willing to increase - however asking price is out of our budget. I don't want to play all my cards too early in case they are playing a game; equally, we do really love the property and don't want to miss an amazing opportunity. Thank you for your help!!
@@EmmaRoseLondon understood. Thanks for going into detail! I would offer what you're comfortable offering. The estate agents could be playing games with you to get a higher offer or the estate agents could not be communicating with each other and one knows there is an offer and the other was not aware. Either way, go in with a price that is comfortable for you and good luck!
Yes! Its encouraged to talk to multiple lenders (usually 2-3) to make sure you're getting the best deal. Once you feel comfortable, you will move forward with one lender
Great video. i heard that credit score goes down when yoy get preapprowed from lenders after they run your credit history to buy a house. Is it true and how to avoid it? Thank you.
Not necessarily. Depends on if you still have contingencies. Usually the sale is contingent on a home inspection. So for example, if you back out during the home inspection, you get your earnest money back
@@jehangir1991 hope that's sarcasm. I did end up snagging a 3 bed 2 bath 1092 sqft ranch with a full basement and a 2 car garage for 127,500. That's a good deal.
@@TheMattLeighton lol @ #unclescompany . Well I can tell you from personal experience that the title companies pile on extraneous "Admin" fees 🙄. When you ask them they can't even explain what it's for? I've been an investor for a decade and unfortunately I've seen it a few times.
Really depends on your situation! 20% is ideal, however there are many loan programs out there under 20% that could be very beneficial for the purchaser
There is a community of new built homes being built 5 minutes from me. They just started building last month. Do I need a real estate agent to come with me there? Are the prices negotiable on newly built homes?
The prices are negotiable! You don't *need* a real estate agent, however if you're looking for the best deal, it is recommended that you get an agent to represent you and to join you when you tour the community
So I have a realtor that states the seller pays the closing cost and pays her for the service (she’s free for me). She says as long as my credit is over 580 which mine is 805 she could get me in a house with around $1300 to $1500 out of pocket but not all at once.and keep my payments below $700 with taxes and insurance. I live in Oklahoma by the way. Have you heard of this? Any hidden fees? She did say I would have to pay $500 to show that I’m actually interested and then she knows an inspector that I could use for $200 if I wanted to but not required. So ready to buy a house but it is overwhelming because it’s new and don’t know what to expect. I’ve been watching your videos all morning.
Thanks for watching! I'm confused about the $500 charge. See if your agent can send you an Estimated Buyer Closing Cost sheet for a property you're interested in. Or ask your agent to give you a line item breakdown of your out-of-pocket closing costs. What you're saying could be possible, I just need more information
We can afford 400000, and the good houses are cost more then what we able to afford. I found a house that’s really good but all my friends and family didn’t like the area. What shall I do
Good question. I'd say yes for two reasons. 1. They may be licensed in the state you're looking. Or 2. They may know a really good lender in the state you're looking in
@@TheMattLeighton wow! Yeah, Raleigh NC has some old 'millhouse' neighborhoods. The mill was transformed into apartments, but the houses from back then are still there.
Wacky Mortgage Guy here! Y’all subscribe and see how easy home buying, refinancing, and navigating through purchasing a home/investment property can be!
👎 I lost all interest in your channel when you referred to a house costing a half a million dollars. Most of us are not in your millionaire club and I believe that remark is very insulting to a lot of people.
Just wanted to let you know i’m buying my first home on my own and your videos have really really really made sense of everything. I feel much more comfortable about moving forward with what to expect financially, mentally etc. Thank you Thank you! 😊
Thank you so much Ashley! I truly appreciate your comment. Best of luck on your purchase and let me know if there's anything I can do to help
Ashley f. How do you like your house? I’m looking right now
I am trying to buy a home for 34000.00 , first time home buyer. Give a example how much it would cost me for down payment, closing costs .
@@TheMattLeighton I am a first time home buyer and i would like know more about total cost of closing cost and down payment
How did it go for you did you purchase your home ? I’m working with an agent and they never go to open homes with me and there is one particular home I am interested and they told me that it wasn’t available when I’m the sites it says it is so I’m confused 😐 whether to stay with an agent
Just wanted to say a big THANK YOU for all your videos! We are closing on our first home in 2 weeks and your videos have helped explain so much and helped put my mind at ease! You were the first video that I watched when I went searching for advice on youtube! Shame you don't have more subs and views, kinda a tougher channel model since many just come and get the info they need while they are going through the process and then leave when they don't really need the info anymore! I subbed anyway, you never know when I will need this stuff again, it's all very interesting! GREAT channel though, great personality, and high content value! My only requests would be any home OWNER tips you may have, ways to help the home hold its value over time, other helpful info for when you are not buying or selling but in between! I'm sure someday we will need to sell and I will want to prepare for that eventuality the whole time, not just last minute someday in the future! Anyway, thanks again!!!
Thanks Samantha! That means a lot to me, really. I appreciate you subscribing. I know the content on my channel may only be useful for people looking to buy real estate. I'm working on broadening the scope to include home owner tips and behind the scenes video of what I do and how I help my clients
Lovely comment Samantha, I've found myself in a similar position to where you were a year ago writing this comment. So grateful for these tips on RUclips! It would be a lot tougher if they didnt exist. Hope the house sale went through smoothly :)
To Follow up Matt, we bought out first home finally. Our buyer is paying the closing cost entirely. Something I haven’t seen anyone talk about is why is there a listing price but when the house is appraised it’s possible the price drops? Also conventional loans appraise homes more appealing to the buyer than other loans. We lucked out we offered what the buyer wants for price wise but appraised way more than the buyer asked for. They also doing the repairs from the home inspection we requested. Key things to look for are big ticket items hvac, roof windows when house shopping. Pictures don’t mean anything we went to see many homes in the Nova area and not what the pictures portrayed so it’s always good to see them in person. Our buyer had well maintained the home 2 year old roof gutters and warranty on hvac, plumbing, and electric on top of giving us home warranty which is common. A lot don’t focus on the outside of the home but the inside which is risky. Bad roof equals wet walls and ceiling down the roads Also look at trees sitting close to roof the trees have acid that could damage the roof. Also the way the house sits on hills if water comes towards to house. Key things to look for when starting your home search.
I'm buying my first home and I must say that this is ALOT of information to take in but great nonetheless. I will have to watch it again. Thanks
I'm still looking for a van to live in..
Oddly this is very popular and becoming more and more popular
Even good for 2nd time buyers! Thumbs up from New York.
I would never skip a home inspection
Great video! I literally was pre approved for a home loan five minutes prior to launching the RUclips app. This was the first video in my feed. Lol
Where should my credit score be for sellers to take me serious??? And if I am buying a two hundred thousand dollar townhome how much should I save up on down payment etc??
I'm buying my first home and it's in another state. I'm trying to go through this step by step and yes, sometimes I get butterflies. The lender seems to be a nice guy and I'm in the process of saving and waiting. Thank you for your time. I could sure use the help!
Thanks for watching! Happy to help if you have any questions!
Great video man ,want to ask...when looking at comps how do l know the condition they were in when they were sold .l'm trying to find the value of a property.Thanks
Today I went to home inspections and I have the best realtor and his name is Frank Mayolo. And thank you for the all the information. 👍❤️
I'm only 19 so I think I'll just stick to renting for a couple more years🤧😂 but it's still good to know these things
I'm gonna be starting to look for a house hopefully sometime soon so I appreciate the clear way you present these videos.
My lender does not want to print my pre approval letter. I wonder why? He said he is sending direct to me realtor
I have a VA loan, so my closing costs are paid via the seller. With Ernest money, where does that go?
It can go to the Down
Very informative! Thank you!
Your videos are very helpful and prepares a lot of us first time home buyers to be confident. I'm glad I found this video if I had not I probably would have just sat down and waited couple months or years to buy a house. Time is money for us in the military invest while you're still in. Thank you very much! More power to you Sir!
Thanks Rey! I appreciate you watching!
Thanks Matt for the videos. Saved on the "admin fee" for the buyers agent by reading the contract and had it waived.
Thanks for watching! Glad you saved some money after watching the video!
I wish you were located in NY, i want to get into buying a house
Very Helpful!
Can you put the home you bought as a first time home buyer into your llc?
I really enjoy your videos. They are very informative for us homebuyers. I have a question. I'm a first time home buyer, and I've just gotten pre approved for a loan. Should I seek the help of a real estate attorney to help guide me through the home buying process? I do have my own real estate agent.
Depends on your state. Ask your agent if you need an attorney. In addition, ask others in your area who have bought homes if they used an attorney.
Just started watching your videos. Like the in the past video I commented I forgot to mention I'm a veteran and using the VA home loan assistance for my first home purchase. Do you have any videos with VA info on it? Btw your videos are very helpful! Great knowledge you're giving away. Thank you.
We have some VA loan videos on our channel if you're still looking!
Matt, i've been studying your video and taking plenty of notes.
I found a great little project house as a first-time buyer *HOWEVER* I am experiencing some serious confusion with the Estate Agents, they seem to contradict eachother and it makes me question if they're bending the truth to manipulate me into offering a higher bid for the property.
What would you suggest some of the best tips are for keeping your cool but also conversion to purchasing and closing the deal?
Really appreciate any help - I'm trying not to let my emotional attachment affect this bid, I've kept my cool so far just difficult as I don't want my conscious cat and mouse strategy to screw me over.
Many thanks in advance, Emma!
Thanks for watching Emma! It sounds like you're getting multiple opinions from a few different real estate agents. Are you working exclusively with just one real estate agent? Do you trust your real estate agent? If you are concerned that an agent is bending the truth, I would revisit your relationship with your current buyer's agent to see if you all need to talk some things over or go ahead and move forward with a different agent. Good luck!
Hey @@TheMattLeighton - Thank you for responding to my comment! The estate agents I referenced in my previous comment are the vendor's agents. There are two reps working for the vendor and they contradict each other which makes me question their honesty and integrity. (I understand they are trying to obtain maximum money for the property but one says the vendor can reduce a max. of £5K and the other says there has been a bid at asking price - which I'm questioning if it is true as it's only been a week since we offered and the property needs some refurbishment; plus, they haven't taken the property off the market).
So far we have only put forward one offer and are willing to increase - however asking price is out of our budget. I don't want to play all my cards too early in case they are playing a game; equally, we do really love the property and don't want to miss an amazing opportunity.
Thank you for your help!!
@@EmmaRoseLondon understood. Thanks for going into detail! I would offer what you're comfortable offering. The estate agents could be playing games with you to get a higher offer or the estate agents could not be communicating with each other and one knows there is an offer and the other was not aware. Either way, go in with a price that is comfortable for you and good luck!
@@TheMattLeighton Thank you for the rapid response! Will give it our *best* shot! Hope you're having a great weekend. Emma
Is it ok to ask for credit to more than one lender? I.e. to have alternatives
Yes! Its encouraged to talk to multiple lenders (usually 2-3) to make sure you're getting the best deal. Once you feel comfortable, you will move forward with one lender
I’m just now starting my journey, thank you for this info! #Noted 👍🏼
Thanks for watching!
Great video. i heard that credit score goes down when yoy get preapprowed from lenders after they run your credit history to buy a house. Is it true and how to avoid it?
Thank you.
That's true. Lenders do hard credit checks. Each time anyone does a hard credit check your credit score goes down.
I have learned a lot thank u for all the information I needed
Thank you for sharing those information. This is helpful especially for new home buyers.
I just want a 25 thousand dollar house
But if you back out after giving the check for earnest money and diligence, you lose that money?
Not necessarily. Depends on if you still have contingencies. Usually the sale is contingent on a home inspection. So for example, if you back out during the home inspection, you get your earnest money back
BAM! "It's a seller's market", his words. This is EXACTLY why I have stopped shopping for a house.
I'm currently looking and sellers are out of their minds with prices. I'm seeing tiny 900 sqft one bed 1 bath houses that are dumps listed for 150k.
Sounds about right 😕
@@blue03r6 thanks a bargain.
@@jehangir1991 hope that's sarcasm. I did end up snagging a 3 bed 2 bath 1092 sqft ranch with a full basement and a 2 car garage for 127,500. That's a good deal.
blue03r6 depends on the location really. That price is really cheap for a city like Vancouver, Canada.
great tips! How do you think these 7 questions differ state by state/market?
Yeah they probably will a little bit
@@TheMattLeighton yes, but how was my question.
Great video!
Good stuff. What about when realtors suggest you to always use their preferred title agency?
Doesn't really matter for the most part. Just be sure the title company is reputable and not just the real estate agent's uncle's title company
@@TheMattLeighton lol @ #unclescompany . Well I can tell you from personal experience that the title companies pile on extraneous "Admin" fees 🙄. When you ask them they can't even explain what it's for? I've been an investor for a decade and unfortunately I've seen it a few times.
You're exactly right. Maybe talk to two different companies and see if one will waive some of those fees
@@TheMattLeighton Matt you in DMV area or elsewhere?
Northern Virginia
Do you work at target? Wheres the shampoo isle?
I'm closing Friday! Awesome advice!
Congratulations! Thank you!!
I’m worrying how to get approved? I want to buy in MD
What’s a ideal down payment for a house percentage wise?
Really depends on your situation! 20% is ideal, however there are many loan programs out there under 20% that could be very beneficial for the purchaser
There is a community of new built homes being built 5 minutes from me. They just started building last month. Do I need a real estate agent to come with me there? Are the prices negotiable on newly built homes?
The prices are negotiable! You don't *need* a real estate agent, however if you're looking for the best deal, it is recommended that you get an agent to represent you and to join you when you tour the community
Please please I need an advice if I can ask you a question
Sure! What is your question?
For #6 Appraisal Contingency.
So I have a realtor that states the seller pays the closing cost and pays her for the service (she’s free for me). She says as long as my credit is over 580 which mine is 805 she could get me in a house with around $1300 to $1500 out of pocket but not all at once.and keep my payments below $700 with taxes and insurance. I live in Oklahoma by the way. Have you heard of this? Any hidden fees? She did say I would have to pay $500 to show that I’m actually interested and then she knows an inspector that I could use for $200 if I wanted to but not required. So ready to buy a house but it is overwhelming because it’s new and don’t know what to expect. I’ve been watching your videos all morning.
Thanks for watching! I'm confused about the $500 charge. See if your agent can send you an Estimated Buyer Closing Cost sheet for a property you're interested in. Or ask your agent to give you a line item breakdown of your out-of-pocket closing costs. What you're saying could be possible, I just need more information
Matt Leighton I believe by listening to your other videos it’s the EMD. I will definitely ask for the closing cost sheet.
Very informative video
Like your channel man, surprised you don't have more suscribers
Thanks man! I appreciate the kind words
We can afford 400000, and the good houses are cost more then what we able to afford. I found a house that’s really good but all my friends and family didn’t like the area. What shall I do
Will you and your family be happy in the house that you found?
I guess yes
If you think you and your family will be happy and you can afford the house, I think you've found your answer 😀
Great Video; Learned alot. Keep up the great work
Thank you!
Do you still talk to a LOCAL lender if you're wanting to buy in a different state?
Good question. I'd say yes for two reasons. 1. They may be licensed in the state you're looking. Or 2. They may know a really good lender in the state you're looking in
@@TheMattLeighton thankyou!
Is quicken loans god for first time buyer and u
a agent in Buford Ga area outside Atlanta
Great stuff!
Thank you!
Thanks for the information 👍🏾
You're welcome!
Closing on my home next week. Learned a lot from your videos.
Congrats! I'll let you know where you can mail my commission check 😉
If I"m planning to put a large % down ($90,000 on a home for $118,000), do I still need a letter from a lender?
Yes!
We are out price absolutely out price 😐
You asked if 1920 houses still exist. I live in one that was built in 1915, so probably
Haha good point. In my area, they are being torn down left and right!
@@TheMattLeighton wow! Yeah, Raleigh NC has some old 'millhouse' neighborhoods. The mill was transformed into apartments, but the houses from back then are still there.
Love me some RTP!
I am trying to buy one built in 1900!!
Wacky Mortgage Guy here! Y’all subscribe and see how easy home buying, refinancing, and navigating through purchasing a home/investment property can be!
Great
I like your shirt :)
Thanks man!
Teach!!!!!
🙌🙌🙌
4:41..."The day you get yer keys right!!?" hahahahahahahahaha
Yes!
@@TheMattLeighton You're fun to watch! And a tramendous wealth of knowledge. Thank you👌🏾
Thanks for watching! Really appreciate the support!! 🙏🙏
Ftc charges when lender pay million fraud gift use me for more property noy involde ftc not help
▶▶▶ Get my new book: 46 Condo Buying Mistakes NOW --> www.amazon.com/Matt-Leighton/e/B00RTVS6PY/
👎 I lost all interest in your channel when you referred to a house costing a half a million dollars.
Most of us are not in your millionaire club and I believe that remark is very insulting to a lot of people.
Sorry about that Compscript. Many houses in the are I work in are priced around $500,000.