Search results “Making home purchase offer”
Tips for Getting a Lowball Offer ACCEPTED!
In today's real estate FAQ's episode you'll learn tips for getting a lowball offer accepted! Let's begin with some basic how to buy a house questions that come up frequently. Nearly every buyer always asks, "can I offer less money for the house," when they are ready to write an offer. When buying a house, the list price and terms of the contract are negotiable. To weigh the odds of what is considered a lowball offer on a house, begin with understanding if the current market is a: sellers market, buyers market, or balanced market. Depending on the type of market will determine the likelihood of getting an offer accepted on a house, especially one quite a bit under list price. The next question that usually pops up is, "how much should I offer on a house below asking price?" That's a great question! Real estate lowball offer mistakes occur when a buyer first doesn't understand the current market conditions and trends. Working with a savvy buyer agent, when a home buyer gets ready to write an offer, the agent will double check value. If higher than reasonable then the offer should be less than asking price. If the list price and valuations check out, then it's matter of motivation on behalf of the seller and the market conditions. (i.e. are multiple bids occuring? how long has the house been on the market?) So, how to make lowball offers on a home successfully? First, understand the market conditions. (Yes, I'm driving this point home because it's critical to your success!) Next up, find the homes with the longest days on market that you like best. Next, schedule with your trusted real estate advisor to check them out asking your agent to "comp" the property before viewing the home. Ask your real estate agent if the home is overpriced, underpriced, or at the right list price. Chances are, if a home has a many days on the market over the average in your area, the price isn't right and the seller must come down if they hope to sell. So, what percentage is considered a lowball offer. If the home is priced correctly, anywhere from 3%- 5% under list will definitely be low. If the home is overpriced then anywhere from 7%- 10%+ will be considered a lowball offer. Here's the deal... In practice, me and my teammates have assisted home buyers get as much as 15% off the list price on occasion even in a seller's market. While it's certainly not the norm, every property, buyer, and seller thus negotiations are unique. To balance that fact, if a buyer wants to consistently be unreasonable by making lowball offers on correctly priced homes or underpriced homes and not listen to the prudent counsel or learn how to make a successful offer, then I will consider the buyer unmotivated to buy a house and simply fire the client. Please understand that when real estate agent's represent home buyers, we are looking out for your best interest and will assist you in getting the deal possible for the current market on both price and terms that help you get the home you want. Depending on your motivation to get the house, days on market, price, and market conditions, terms needed (i.e. buyer closing costs, home warranty, etc...) will determine the best way to make an offer on a house. Be realistic, be smart, and listen to your trusted real estate advisor whether you'll be able to get your lowball offer accepted or not. Sometimes it does work out. To get the most of this video, watch it start to finish and share your questions & comments, about when to walk a way from a home purchase with our community below. Thank you. To get honest information the next time you're buying a home or selling a house contact a great local trusted real estate advisor. If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I'm here to help! If you want to know more about Las Vegas real estate or buying a home in Las Vegas, please let me know. I'm happy to help! Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Real Estate Consultant License #S.0173260 Call/ Text: 702-710-0287 Email: [email protected] https://www.andrewfinneyteam.com/ BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL
Views: 14775 Andrew Finney Team
Making an Offer on a House!
In today's home buying tips episode you'll learn about making an offer on a house! **Watch the full video to learn how to make an offer on a home. Thank you!** Timeline: Main Topic #1 1. 1:23 - Forget the List the Price! What's the house REALLY Worth!? Main Topic #2- Offer Analysis & Factors 1. 2:40 - Comparative Market Analysis for Buyers & Considerations 2. 3:13- What's Comparative Market Analysis (CMA) 3. 4:47 - Buyer Motivations 4. 5:44 - Understanding Market Conditions... Seller's Market vs Buyer's Market 5. 6:53 - Days On Market (DOM) = Better Negotiations! 6. 9:23 - Impact of Competing Homes & New Homes 7. 11:04 - Seller's Motivations Influence Pricing! Main Topic #3 - Making an Offer on a House Wisely 1. 12:45 - Writing the Your Offer! 2. 13:34 - Financing Considerations 3. 14:26 - Earnest Money Deposit aka Good Faith Deposit 4. 15:32 - Inspection Periods aka Buyer Due Diligence 5. 16:35 - Negotiating Home Repairs 6. 18:03 - Your Down Payment 7. 18:38 - Buyer Closing Costs 8. 20:47 - Title & Lender Policies 9. 21:05 - Closing Time frame and date of Possession 10. 22:20 - Contingencies Share your favorite part of this video and your savvy making an offer on a house tips with us in the comments section below. Thank you! If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I'm here to help! Want to know more about Las Vegas real estate negotiation, Las Vegas real estate, or buying a house in Las Vegas? Send me a message. I'm happy to help. Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Trusted Real Estate Advisor License #S.0173260 Las Vegas Realtor Call/ Text: 702-710-0287 Email: [email protected] https://www.andrewfinneyteam.com/ BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL
Views: 3309 Andrew Finney Team
Home Buyer 101 - Session 4 "Making an Offer"
This free online home buying course is great for first time home buyers or for home buyers that just need a refresher on the process. Learn how to make an offer on a house! Visit http://www.charlestonpropertyshop.com/ and search all MLS listings in the Charleston SC area. Free foreclosure list for Charleston SC area.
How To make An Offer On A House | Investment Property | How To Negotiate In Today's Property Market
How to make an offer on a house... learning how to negotiate in today's property market can get that next investment property at a discount and negotiation is a skill you CAN learn. Property investing is all about making a profit (ethically). It's about building your property portfolio by buying at a discount (ideally below market value - BMV - where you can) and then adding value... and a big part of this comes down to negotiation. DOWNLOAD CHECKLIST... https://yourfirstfourhouses.com/ Learning how to make an offer on a house - is where it all starts and in today's video - let me give you 6 BIG property tips to get you started. I hope you find this one helpful. All the best... Tony Law | Your First Four Houses with property investment for beginners tips that will hopefully help you in your property business or real estate endevours!
Views: 25719 Your First Four Houses
Making An Offer & Negotiating Terms | Home Buyer's Guide (Episode 4)
https://MetroAtlantaHome.com - Important information on the initial offer process and negotiating terms of the sale. Working closely with your agent to evaluate all aspects of the offer to purchase a home is key. Your agent should determine the value of a home based on comparable properties, allowing for an understanding of the market in that area. Your offer may be met with a counter offer from the Seller and negotiations on all aspects of the sale may follow. Once ALL parties agree to ALL terms in writing, a contract is formed and contingency periods begin. Buyer’s Guide Episodes: 1. Getting Started - https://youtu.be/wjnioa8g8r4 2. Loan Pre-Approval - https://youtu.be/4AAPhevIYec 3. Searching Homes - https://youtu.be/yXZ8BICdQfs 4. Making An Offer - CURRENT 5. Getting To Closing - https://youtu.be/Gki6h7KxlBc Video Transcript: When it is time to make an offer, you should work closely with your real estate agent to determine an initial offer that is reasonable based on comparables in the area. Some buyers think they should simply offer a certain percentage below list price. Maybe they have done some research and found that homes are selling for 80% of their list price. Taking this approach could cost you because you are assuming the listing agent accurately priced the home a certain percentage above market value in the first place. You could be making an offer much higher than you should simply because the home was priced way too high to begin with. On the other hand, if the agent has the home priced fairly and at market value, your offer may be way too low and could offend the seller. In the meantime, a more reasonable offer could be accepted and you lose a chance at your perfect home. So how do you know what to offer? Have your real estate agent conduct a comparable market analysis to determine what the home should sell for. You can then use this information to make an offer. How much lower you offer usually depends on how badly you want the home and whether or not other buyers have their eyes on the home as well. When it comes time to write the offer, your agent will prepare all the necessary forms for you to sign. I suggest using an agent with access to the latest Georgia Association of REALTORs (GAR) forms. The Georgia Association of REALTORs has created forms that address nearly every situation that may arise in the real estate transaction. I have another video that addresses this topic specifically called, Why use a Realtor in 2012, check it out if you get a chance. Anyways, the primary forms you will be using for your offer include a agency agreement, if you haven't signed one already, the purchase and sale agreement, property disclosures, and financing contingencies to name a few. Ask your agent for sample copies of these forms in advance so you can get familiar with some of the standard verbiage. This way you can focus more on the specific terms of your offer when the time comes to make one. When making or negotiating an offer, you should consider all the terms of the agreement as a whole instead of focusing solely on the sale price. Incentives like closing costs, home warranties, surveys, termite letters, appliances, and upgrades paid for by the seller can add value to your side of the deal. Also, things such as the closing date, seller financing, and contingency periods can be negotiated to save you time and money. Typically, both sides will have to compromise on some things, but ultimately, both sides get what they want; a seller sells their house and a buyer buys a home. Remember, after a contract is agreed on, there could still be some negotiating going on down the road. Buyers typically have a due diligence period where they have the option to get the home inspected. If issues come up during the inspection, an additional round of negotiations may ensue. Another thing to keep in mind, if you the buyer are plan on getting a loan, the home must at least appraise for the contract price or more. If it doesn't, you will need to come out of pocket for the difference or have the seller lower their sale price for the sale to happen. This video brought to you by: Better Homes and Gardens Real Estate Metro Brokers KYLE EAVES, REALTOR® ePro I Green I SFR I SRES 4073 Lavista Rd, Suite 373 Atlanta, GA. 30084 404.843.2500 (Office) 404.513.5987 (Cell) [email protected]
How to write a home purchase offer.  Buying your next home.
How to write offers: Are you ready to start writing offers? http://www.charter-home.com/home-owner-university-2/buying-a-home/writing-offers/ Well this is getting exciting. When you start writing offers it is a very exciting and stressful time when you are buying a home – especially if it’s not something you’ve done before. An offer is always in writing; you can’t purchase real estate with any kind of verbal agreement. What Is An Offer? An offer is essentially an entire contract filled out by the buyer with the price and the terms that are agreeable to what the buyer is after – what the buyer is willing to propose. But it is essentially an entire contract that, should the seller sign, would become the contract for the purchase of that home. So you’re going to fill out, in California – it’s about 10 pages, worth of paperwork that identifies and breaks down all the important details of the home purchase. This includes what the price is, what the down payment is, what the deposit might be, what kind of financing and who ends up paying what. In a separate module, we are going to cover the purchase contract and the breakdown of it. What To Expect The first time you write an offer can be a little bit stressful. In fact, in any new home search, even if you’ve been through a purchase before, you’re going through paperwork and it’s constantly being rewritten and evolved. You can pick up forms to write offers at office supply places. Contracts come in different shapes and size. But the contract most used in California has been written by the California Association of Realtors and it comes up in the vast majority of transactions. If you’re working with a realtor, this will be the document that you’ll most likely use for the purchase of the home. It’s called a Residential Purchase Agreement. The first time you run through it, you’re going to want to take the time to read the relevant portions of it. But most important – that we’ll cover here – are going to be ~Identifying the property ~What the price is that you’re willing to pay ~How much is your deposit (meaning the amount you’re going to put into escrow) that should you breach the contract could become non-refundable ~How much is your down payment ~What kind of financing ~And -perhaps most important after that – would be the split of fees and costs. For example, who’s going to pay for the title insurance, who’s going to pay for the escrow, and all of those specific details get itemized and defined so there’s no guesswork. It’s a very well used document, it’s very thorough and complete. The first time through it – you really want to read it. What Happens Next In many markets in California, you might find that you’ll write several offers. Subsequent offers are actually really easy. Once you’ve taken the time to familiarize yourself with the document – to write a second offer is a breeze. It’s that first offer, where you do want to take the time to get up to speed on what’s in there. But the most important components you will probably determine include how you want to approach a negotiation, how much money you want to offer relative to an asking price, and how you want fees/costs split. Once you have decided, once you have those patterns in place, when you write offers – you’ll likely just continue on that path. Unless you’re not having any success – then you might want to reassess perhaps how costs get split. If there’s something about your approach that is not getting you a property – you can reassess. But when you’re writing an offer you’re going to identify in detail through the contract everything – so that all a seller would need to do is sign and you are in contract on the purchase of that home. So familiarizing yourself with how the contract reads and the questions that are going to be asked is a good idea.
Views: 1250 HomeOwner University
3 things NOT to do when making an offer on a house
This video is about 3 things NOT to do when making an offer on a house. Do you want to be successful with your next real estate offer? If so, make sure you watch this video so you know what NOT to do. If you're interested in learning more about how to make an offer on a house, how to buy real estate, how to invest in real estate, or how to get your first deal, make sure you subscribe to our channel:https://www.youtube.com/channel/UCY-7an_oDZfzYARORGigovA We also offer coaching at www.firstdealcoach.com so you can feel confident submitting offers and making sure your first deal is a great one!
How to Make an Offer on Your First Home!
In today's home buying tips episode you'll learn how to make an offer on your first home! Buying a house is very exciting and when it comes time to pen to paper you'll want to know all you can about how to make an appropriate offer on a home. The chances that your savvy trusted real estate advisor reviewed your how to buy a house steps with you are very high, if you attended a buyer consultation (MASSIVE BUYING A HOME PRO TIP!!!) meeting prior to looking a single property. If so, then you're well on your way to to making an offer on a home. Just in case, you're simply learning all the home buying tips you can now or weren't given the scoop on how to make an offer on a home, this video is for you! Doesn't matter if you're a first time home buyer or a seasoned homebuyer. You'll this simple to understand easy to follow video. **PRO TIP: Watch the full video to increase your homebuying success!** Share your favorite part of this video in the comments below along with your how to write an offer tips. Thank you! If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I'm here to help! Want to know more about being a first time home buyer Las Vegas and ways to be be successful? Send me a message. I'm happy to help. Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Real Estate Consultant License #S.0173260 Call/ Text: 702-710-0287 Email: [email protected] http://www.yournewvegashome.com/ BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL
Views: 1114 Andrew Finney Team
Making an Offer on a House Wisely
http://www.freedommentor.com/making-offer-house Making an offer on a house wisely. Discover an unconventional way that works much better for making an offer on a house.
Views: 248955 Phil Pustejovsky
Homebuying Tips: How to Make the Best Offer on a House
When you've finally found the right house for you, don't lose out because you crafted a poor offer. Crafting the "right" offer is easier said than done. A Real Estate Expert from Veterans United Home Loan lists some factors to be mindful of during this stage of your homebuying journey: "Comps," budget, protecting yourself with contract contingencies and more. For a more detailed look at fees and closing costs: https://www.veteransunited.com/education/homebuying/making-an-offer/ Follow us for more VA homebuying tips: Facebook: https://www.facebook.com/vuhomeloans/ Twitter: https://twitter.com/VeteransUnited Instagram: https://www.instagram.com/veteransunited/
Views: 9681 Veterans United
Making an offer on a house: Best tips for a new home and resale
In this episode, we discuss making an offer on a house, how to do it and the best tips when buying a new and resale home. 💬 Remember to get your FREE guide from the experts before buying your next home: http://stories.brookfieldresidential.com/54-proven-expert-tips-you-need-to-know-today-before-buying-a-home About this video: So you finally found the home you want to buy. What are the next steps? How do you go about buying that home? In this episode, we discuss how to make an offer on a home and the steps involved. We also explore how counter offers work and how the process is different when buying a resale versus a new home. Finally, we look at if it costs money to make an offer on a home. #firsttimehomebuyer #buyingahome #buyingahouse 👀Watch to learn more about how to negotiate when buying a new house: https://youtu.be/HtTZGRVZ1EY 👀Watch to learn more about a real estate purchase contract: https://youtu.be/nxJLfWVK3qA ✍️ Prefer to read or need to take notes? See the transcripts: https://stories.brookfieldresidential.com/homebuyersschool/how-to-make-an-offer-on-a-house-in-canada 👉SUBSCRIBE TO THIS CHANNEL to get the latest tips, strategies, and tactics for home buying: https://goo.gl/aX7gkz 📔 If you want to learn more advice and tips for first time home buyers, watch other videos in the playlist: https://www.youtube.com/playlist?list=PLTRYbItmaqW93h3CigBfSidCDiNjw0ElR 🎓 Get educated on the home buying process: http://stories.brookfieldresidential.com/homebuyersschool
Views: 100 Homebuyer's School
What to do When a Home Seller Rejects Your Offer
In today's home buying tips video you'll learn what to do when a home seller rejects your offer. Hopefully this won't happen to you but if the real estate offer negotiation falls apart, you'll need to be take the next step to find another home. Offering less on a home in a seller's market if the house is priced right can lead to a rejection. Though it is far more common to expect the real estate negotiation to move towards counter offering on a home. If you want to avoid wondering why was my offer rejected questions lingering in your mind, you may want to consider offering full price on a home. However, this can come with it's own perils. For instance, what if the home is truly over priced? You may experience home appraisal issues. It's best to ask your trusted real estate advisor to check the comparable home sales when making an offer. Then you'll be well prepared to know how to make a reasonable offer on a home. Here's the 5 tips in today's video for your next real estate negotiations strategy: 1. Make a great offer 2. Keep searching until your offer is accepted 3. Consider lessons learned in from your last offer experience 4. Don't bother playing psychiatrist, you'll go insane! 5. Sometimes you are are your own worst enemy What advice do you have to about how to make an offer on a home? Tell us in the comments section below. Have a question? Please feel free to share them in the comments section below or send me a message. If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I'm here to help! Want more info about how to buy a house or simply want to know more about Las Vegas real estate, please let me know. I'm happy to help. Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Real Estate Consultant License #S.0173260 Call/ Text: 702-710-0287 Email: [email protected] http://www.yournewvegashome.com/ BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL
Views: 6263 Andrew Finney Team
First Time Home Buyer - #10 Making an Offer
You've found 'The One', now it's time to make an offer. What is an offer? What can we include in the offer? How does 'making an offer' work?
Views: 96 Paul Spica
Session 4: Writing an Offer
Writing an Offer 1:33 - Purchase Agreement, important dates 4:21 - How to write a strong offer in a sellers market 7:15 - How to we handle a low ball offer 7:59 - Preparing buyers for a counter offer 8:42 - Counter Offers 9:26 - Task List while writing an offer
Making the offer to purchase
VIDEO TRANSCRIPT: Reporter: Let's say I have found the perfect property. I am now ready to make that commitment. What are some of the things that I need to ask before I make that commitment? Simon Bray: You're looking for the property, and you finally find the one that you really like. At that stage, you're going to make an offer to purchase, which is really a binding contract between yo, and the seller, provided the seller accepts it. So it can be a particularly difficult process, if you haven't done it before, to understand exactly what needs to go into that contract but really you have to know that you want the house. So is it in the location that you're happy with? Close to schools, the neighbourhood and the community that you enjoy. Sometimes it's worth having rented in that neighbourhood before so you know exactly what you're getting into. Is the house the type of house you want? The space and all of that, and I think most importantly can you afford it, because as soon as you sign that offer to purchase it starts a whole process in motion. And if you can't afford it, well you've wasted your own time and that of the seller. Reporter: Okay, now let's say I've cleared my mind of any doubt, I'm a 100% sure this is the property I want to purchase, what do I do? Simon Bray: The best thing to do at that point is to engage with a professional, so an estate agent or an attorney, to draw up a contract for you which is called an offer to purchase. Basically, it records your offer, the price you're going to pay and the terms and conditions that you're happy to accept in a sale. And then it'll get submitted to the seller, and if the seller likes what he sees then he's going to sign it, and you're going to have a binding sale agreement. So it really is just a contracting phase between two parties, and it's important to understand what goes into that contract, what are the various clauses that you need to look out for and that's where an estate agent agent or an attorney can really add value. Reporter: And is there anything specific a buyer should be aware of, or at least look out for, before making that offer to purchase? Simon Bray: Absolutely. A suspensive condition is basically if this condition isn't met well then the sale doesn't go through. So there's usually a number of suspensive conditions inside of sale agreements or offer to purchase, and there are things like you have to get a bond within 30 days, or perhaps I've got to sell my house before I can buy this house. So those would be suspensive conditions, and it's good to look out for those. Another one people often miss is this concept of the Voetstoots clause. There's this misunderstanding in the market that because of the Consumer Protection Act, there's no such thing as the Voetstoots clause. But in an individual property transaction, say you're selling a house to me, that clause absolutely can go into a sale agreement which means you're selling the house to me as it stands. So I need to be aware of any defects and be happy to sort them out if they do present themselves down the line. So that's a good one to look out for. Provided you don't know about any major problem that you haven't told me about, because that would be fraudulent, right? Reporter: Simon what happens in the event that you've bought the house but people are still occupying it? Simon Bray: The transfer process usually takes about 12 weeks in this country. So specifying exactly when you're going to move in has to be in that Offer to Purchase. So it usually records a date of occupation, and if, as you say, the person continues to live in the place after that date of occupation, then you'd also specify occupational rent. So that's how much rent they would effectively pay you to live in that place. It's usually quite high, it usually has to cover all the costs of ownership for the property. So you do need to look out for those ownership clauses, like the occupational rent clause. Reporter: And what are some of those things you should not do after you've done your OTP? Simon Bray: One thing that's really interesting is people will sign multiple offers to purchase. You've seen two or three houses, you've put in two or three different offers, and then you look to get the cheapest one. But the problem is if all of those sellers sign those offers, you've actually just bought three properties. So you don't want to do that. You don't want to sign an offer that you can't get finance for, so you need to know what your affordability level is. And you can't just rely on what people call the "cooling off period". There's a little clause that goes in the contract that says, "If I change my mind in the next five days, then I'm allowed to." That cooling off clause actually really only applies to property below a certain value, usually really low, like R250,000. And those directly marketed. So you don't really want to rely on that clause.
Views: 2027 Private Property
Making An Offer On A House (Explained Simply)
Making an offer on a house isn't incredibly complicated, but it takes some skill. Whether you are a real-estate agent or investor, I'm going to teach you how to make an offer and how to lessen the likelihood that you end up over paying for a house. You need to research what has sold in the past 6 month Dig up properties thru Zillow, MLS, and/or the tax record and see: What did the property sell for? How long did it take to sell? What amenities did it have? What were the terms? Cash, conventional, seller financing How long was it under contract for? Did it come back on the market? The biggest mistake I see people make is not properly comparing properties. Many times people want compare a junker to a nicely remodeled home (vice versa) 2. With what you have researched, come up with the price and terms you plan on offering. Formulating an offer is an art and takes practice, but it boils down to these two things: How much demand is there for the property? What market are you in? What are the circumstances for the sale? An offer in a totally raging hot market, beautiful kitchen, under priced: Offer over list Don't ask for buyer expenses Don't ask for a warranty Don't try to negotiate any personal items An offer in a bad market, with a house that needs work, and is over priced: Offer below ask Ask for expenses paid Ask for a home warranty Negotiate on inspection 3. Make the offer via email, verbally, or fax it (Preferably email) Many people over complicate this part, but just submit the offer and don't say anything. 4. Negotiate (if they counter) This is when you typically get into more in-depth negotiations: Work to understand the other party Set a limit that you will not go over Sometimes property will go into a multiple offer situation, in which case just make the highest and best offer you plan on making Don't stain relationships by being offensive or negative Provide documents that justify your price. Set a limit on the offer and DON'T let people shop you (wait out for other offers) 5. Second Round Negotiations & Repairs So in real-estate you typically have second rounds of negotiations where you negotiate what the inspector finds: If there are very small issues such as a leak under the sink, usually it's very difficult to get seller to repair If there are CATASTROPHIC issues found such a mold, foundation issues, electrical issues, etc expect concessions  6. Once all negotiations are done and everybody signs, YOU HAVE AN OFFICIAL CONTRACT. Low ball offer Tips: You can't low ball people that have multiple offers on the property. If you low ball you should offer "as-is" condition and not try to negotiate down the home price Make the contract quick and painless. Don't ask for anything else. In general negotiations: Don't be agressive and realize that a real-estate negotiation is a long process. Set limits on what you will pay and don't go over Be realistic
Views: 666 Teddy Smith
How to make a low offer on a house
Finding the properties where sellers will take a low offer. - http://www.titlesearch.com/
Views: 14514 Active Intel
Making an offer on a home | Housing | Finance & Capital Markets | Khan Academy
Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/housing/home-buying-process/v/escrow?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/housing/home-buying-process/v/title-insurance?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Buying a home involves a lot more than writing a check and getting keys. It could very well be the largest transaction that either the buyer or seller does in their life. Because that, it is an involved process that can sometimes be confusing. Whether we're talking title insurance, escrow, or contingencies, the goal of this tutorial is to demystify the process. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 46880 Khan Academy
12 questions you should ask before making an offer
When you have found the home you want to buy in Naples, Florida or SW Florida, there are some important details you should know before you make an offer on the property. Asking your real estate agent these 12 Questions will help you become more educated and knowledgeable about the property you are buying and the circumstances surrounding the listing and the seller. Your REALTOR should be advising you all along the way about the buying process and about the property. Depending on what type of agency relationship you have with your agent, they will be able to give you information accordingly. Your agent should be discussing with you what type of buyer relationship you will have with them and get your approval before you ever go out on a property tour. For more information about real estate buyer relationships or about the process of buying a home in Naples, Florida, contact Jo Ellen Nash, broker, Naples Luxury Real Estate Group, 239-537-4785.
Making An Offer on a House Wisely (How to buy real estate)
Flip houses for fun and profit WITHOUT using your own cash or credit: http://stefanaarnio.com/book How to make an offer on a house wisely? Today Stefan talks about how the average person should approach buying properties. Stefan is buying real estate every week - how many offers should you be making? How should you approach negotiating? Stefan Aarnio is an Award Winning Real Estate Entrepreneur, auther of Money People Deal: The Fastest Way to Real Estate Wealth and the 2014 winner of the Rich Dad Hall of Fame award. Starting with only $1200 Stefan has built a multi-million dollar portfolio for his partners and has himself a spot on the The Self Made List. Stefan has accumulated properties at an alarming pace controlling 25% of his local niche through his understanding of Real Estate Joint Ventures. Stefan’s philosophy is simple, find great deals, build a fantastic team, pay everybody and create partnerships for life! In this book you’ll discover: • The Law of Certainty and The 21 Steps to a Profitable Joint Venture • Why The Best Deals are Created and Cannot Be Bought • Why Morons Get Rich and Geniuses Die Broke • The 4 Fastes Ways to Profit How to become a ‘inside trader’ legally and see opportunities other investors cannot! Get the book here: http://stefanaarnio.com/book For only 3.95 (Tell him YouTube sent you) What does it take to become a millionaire? Many have wondered few have succeeded. Self Made: Confessions of a Twenty Something Self Made Millionaire follows the real life story of Stefan Aarnio, award winning real estate investor. In this book follow along with Stefan’s struggle fo starting out with ZERO CAH, ZERO CREDIT and ZERO EXERIENCE in his pursuit of financial freedom. Inside self Made you will discover the 5 Secret Skills that transform ordinary people into self made millionaire. These skills are mastered by the rich, purposely not taught in school and are hidden from the poor and middle class. Join Stefan on his journey as he faces financial ruin, meets his life-changing mentor and transforms his mind, body and soul to become SELF MADE. In Stefan’s Book You’ll learn How To Master These Subjects: How to Raise Capital: How do you raise capital for real estate? How do you use other people’s money for real estate investing? Every Entrepreneur at some point has to raise capital to start a business or to grow an existing business. As a real estate investor, Stefan has raised more money for his age than any other real estate investor in North America. Stefan learned the art of raising money at a young age and because of this skill – he has only used $1200 of his own money to purchase millions of dollars of real estate. How to Negotiate: How to negotiate when buying a property? How do you win at negotiating? How do you get what you want by negotiating? Everything we want in this world is currently owned or controlled by someone else. Through the study of negotiation, we can literally get what we want on demand. As a real estate investor who has transacted millions of dollars of deals, Stefan Aarnio has perfected a proven system for negotiating profitable deals for himself and his investors. Learn how to create win-wins! How to Increase Sales: How to improve sales? How to become better at selling? What are the keys to selling real estate? Everyone wants to buy, but no one wants to be sold. Selling is the #1 skill of any entrepreneur and it’s a skill that so many entrepreneurs hate to practice. From a young age, Stefan learned the art of the sale and quickly became a proven commodity in the field of sales. The richest entrepreneurs in the world are master salesmen, while those who cannot sell struggle to survive. Buy, Fix, Sell: How do you flip properties? How to get started flipping real estate? Flipping properties is one of the fastest ways to generate wealth and cash in real estate. All value in real estate is either found or created. Learn how to create wealth with real estate. One of Stefan’s first major businesses was and still is a real estate flipping company and this skill is a major source of Stefan’s wealth. Flipping properties is the fastest way to generate massive profits and live the dream of a real estate entrepreneur. Marketing and Branding: How do you market your business? Why is branding important? How do you brand yourself? In Business, you either live as a brand or die as a commodity. Why is it that more and more people struggle to survive in the new market economy? Too many entrepreneurs, companies, products and services fail to be profitable in the market and most of these failures are un-branded commodities. To Learn More, Checkout this Special Offer: http://stefanaarnio.com/book
Views: 61495 Stefan Aarnio
How to Get Your Buyers Offer Accepted
Here are some tips on things you can do to get your buyers offer accepted. 1. Talk to the listing agent 2. If its a new home that has multiple offers, the price should be at ask or more 3. Make everything seller's choice 4. Good deposit 5. No closing costs 6. Write a little note on your buyers so the sellers know who they are. MY PRODUCTS: http://bit.ly/2utjsw5 SCRIPTS: The Book of Yes: http://amzn.to/2upbXq7 EQUIPMENT: Editor ➳ Final Cut Pro X: http://amzn.to/2vrQLwN Camera ➳ Canon G7X Mark II: http://amzn.to/2tZIHE0 LOOKING FOR CA REAL ESTATE LICENSE PRACTICE TESTS? Go to: http://bit.ly/1O4v74b Use coupon code: LOIDAV for 10%OFF FOLLOW ME: INSTAGRAM: https://www.instagram.com/loidavelas/ TWITTER: https://www.twitter.com/loida_velas FACEBOOK: https://www.facebook.com/loidavelas MY BEAUTY CHANNEL: http://bit.ly/2epvdcB LADIES, WANT TO BE COACHED BY ME? Ready to take your business or to the next level? To apply for business coaching send me an email: [email protected] or go to http://bit.ly/2tvjfUK (serious applicants only)
Views: 5727 Loida Velasquez
How to Make An Offer to Purchase Real Estate
http://www.HampdenCountyHomes.com Hi Don Thompson, your local real estate expert advisor, back again to talk about making an offer. So to quickly recap, you’ve gotten pre approved for financing, you searched for your next home, you found and now you want to make an offer. Consulting with your broker advisor, you will want to develop a basic strategy. This will include the price you’re willing to pay, how much of a deposit or earnest money you want to put down, is there any personal property you want included, what repairs do you want to be made to the property, what other contingencies, like inspections, mortgage, closing cost credits, do you want to include and finally when do you want to close. You can see it’s not just making a low offer and seeing of the seller will accept. This is where an experienced broker advisor can be of immense help. In the end the lowest price may not be the best deal for you if you’re not able to negotiate any of the other terms. So where do we begin. I know most people like to go right to price but let’s talk about some of the other terms first. How much of a deposit do you want to put down? This is the money that the listing broker holds for the seller to take the house off the market. Contract law say it has to be “consideration” so it can be a lot or a little. The seller’s perception is however, the more you put down the more serious you are. What personal property would you like to include, stoves, refrigerators, washer and dryers, lawnmowers etc are all personal property to ask for if you want. If you or your broker advisor were to notice that there is, what I like to call a physical deficiency, that you would like fixed and if the seller wouldn’t fix you don’t want to buy then you should ask for it in the offer and not wait for the inspector to tell you it should be repaired because the seller does not have to fix it just because the inspector said… That leads us to the inspection contingency giving you the right to do inspections and allowing you to back out of the deal and get your deposit back if you are unhappy with any results of the inspection. Just to say, The seller is not obligated to do any repairs unless you have negotiated them as part of the offer, Your right is to back out. On a practical note we may try to negotiate more repairs. There are a lot of inspections to consider, structural/mechanical, termite, radon, lead, asbestos. Some may be more important to you than others. If you’re getting financing, there’s a mortgage contingency. You’ve been pre-approved, but you will need to make a formal application including the property which must be approved as well. I will talk about this process in another video. But if for some reason you could not get a mortgage you could back out and get your deposit back. The conditions for all this are explained in this paragraph. Then you can ask for anything else that you want to happen, closing cost credit and any other condition you want to be met. You decide on an appropriate closing date and then.. Determine a price that you want to offer. And you can be as aggressive as you like. Now, an Aggressive offer can be a little or a lot lower than asking price, but it can also be higher than the asking price. especially, if the property is priced right, in good condition and will be in high demand. This is where your broker advisor should be able to assist you. Ultimately, who sets the price that a house sells for? If you answered the seller you’re half right, the buyer’ that’s the other half. It takes the seller and the buyer to come to a meeting of the minds to determine the sales price. Depending on the situation, you may go back and forth with your negotiations until that meeting of the minds is reached. In some cases, however, because of competition for the property you may be asked to give your highest and best offer in which case you may not be able to get another chance and you’ll just have to give it your best shot. So Let’s say we’ve got a deal...now what That will be the topic of my next video, so look for that next email. If you have any specific questions you want to ask me, cal or text me at 413.221.9981 or respond to this email and I will get back to you right away. Thanks and have a great day.
Views: 3742 WesternMARealEstate
Making An Offer On Your First Investment Property
When your new to real estate investing, the thought of making an offer and filling out the paperwork and writing a contract can seem daunting. n this video, I’m going to show you the least you need to know to making an offer on your first investment property. ALL-IN-ONE HOUSE FLIPPING SOFTWARE http://GetFlipster.com So let’s breakdown the 5 things to include and consider when making an offer to buy investment property 1. Price The first is pretty obvious and that’s the price you’re offering. Now keep in mind, price is not the only thing a seller considers when deciding to accept your offer as you’ll lean in a minute. 2. Terms The second thing you offer should include is what we call the terms or payment method. There are 3 different methods for payment. First is “cash.” We call this an “all-cash offer. The technical definition of all-cash is that the funds are liquid like sitting in a checking account or under the mattress but what it really means is that the offer is not subject to bank financing. So that means hard money and private money, which are 2 forms of investment capital can also be considered cash when making offers. Now you may want to let the seller know that you’re using hard money to fund the purchase but I typically don’t. The second method of payment is traditional bank financing. Now this form of payment means that your offer is subject to bank approval meaning that you’ve just created a contingency or a way to legally not perform on the contract. If you don’t get the bank financing approval, then you don’t have to buy the property. This can be seen as a negative to the seller. The 3rd type of payment is what we call “creative financing” which are alternative ways to control the real estate without cashing out the seller. On this video we’re not going to go into all the details but this includes strategies such as seller financing, land contracts, subject-to, options, lease-options, and so on. 3. Consideration The next thing your offer needs to address is what’s called “consideration or good faith or more commonly know as an earnest money deposit. This is an specified amount of money that is held in escrow to show your good faith to buy the property. If you don’t perform on the terms of the contract and all of the contingencies have been removed (I’ll talk about contingencies in a minute), then the seller gets to keep your EMD. Now to learn how NOT to pay an EMD deposit when making offers on deals then watch this deal and to learn how to not pay an EMD when wholesaling houses, watch this video as well. So how much should you pay for EM? There is no rule, it’s whatever you and the seller agree to but typically $500-$1000 is acceptable. 4. Contingencies The 4th thing you offer should include is any contingencies. The 2 biggest contingencies are financing, which we discussed already and an inspection contingency. This means that you as the buyer have a window of time to make sure the condition of the property is satisfactory. If during the inspection time, you discover issues with the property, you can either ask for concessions from the seller or back out of the contract and get your EMD released. Typically inspection contingencies can be anywhere from 3-10 days. Keep in mind, when buying investment properties, it’s important to let the seller know that you are buying the property “as-is”. That means you’re not going to come back and ask for concessions to replace the carpet or paint. The inspection should be for big ticket items like maybe structural or the roof or things like that. There could be other inspections like termite, pool, etc. 5. Closing Date Number 5 is the closing, meaning what date you are agreeing to close on the sale of the property. Typical closing are 30 days but can happen anywhere from 24 hours or past 30 days but you want to make sure you spell that out in your contract. Like I said earlier, if you don’t close on the agreed date and any and all contingencies have been removed, you could forfeit your EMD. -------------------------- Jerry Norton is the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate. GET PAID $10,000 to find deals for Jerry http://www.My10kCheck.com SUBSCRIBE: https://www.youtube.com/user/Jlnorton1234 FREE DEAL-FINDING SOFTWARE https://flippingmastery.com/datacruncher/yt/ FREE BEST-SELLING EBOOK: Making Money in Real Estate https://flippingmastery.com/ebook-10k/yt/ Get Mentored by Jerry: http://www.FastTrackApplication.com FACEBOOK: http://www.Facebook.com/flippingmastery INSTAGRAM: http://www.instagram.com/realestatefreedomtv #FlippingHouses WholesalingRealEstate #HowToFlipAHouse
Buying a house - Making an offer
http://www.which.co.uk/money/mortgages-and-property/guides/buying-a-house/making-an-offer-on-a-property/?utm_campaign=video_home&utm_medium=video&utm_source=youtube_channel&utm_content=makinganoffer&utm_term=description We’ve spoken to a Which? mortgage adviser and a surveyor who reveal how to make an offer on a property. They cover the costs to take into account when working out how much to offer and what to consider when getting a survey done. Find out how to make sure you’re not offering too much or too little to secure your dream home.
Views: 9324 Which?
Buyers check-list before making an offer on a home.
What should a buyer look for before making an offer on a home? John Parker, owner of A-Pro Home Inspections shares some suggestions for people to consider before making an offer on a home.
Views: 51 Brent Gilstrap
Real Estate Tips: Buying a Home : How to Make an Offer on a Home Without the Representation of an Agent
Making an offer on a home without the representation of an agent still requires visiting a local real estate lawyer to draft an offer. Bid on a home without a real estate agent with tips from a licensed agent in this free video on real estate.
Views: 6969 eHow
How To Write An Offer To Purchase Real Estate
This is a VLOG created by Sharon McNamara, Broker|Owner|Realtor of Boston Connect Real Estate showing in detail how to write an offer to purchase real estate.
First Time Home Buyers: How To Make an Offer On A House
First Time Home Buyers: How To Make an Offer On A House Mike Hicks Real Estate Agent and Real Estate Investor in tampa bay, Florida Contact me: [email protected] subscribe to get more regular content: http://bit.ly/2csB6U5 View properties on the market in Florida: http://bit.ly/2fpxVkT First Time Home Buyers: How To Make an Offer On A House
Views: 1527 mike hicks
How To Make An Offer To Buy A House - The Home Buying Process [Write An Offer]
How Make An Offer To Buy A House. Real Estate Questions? Call or Text Oliver Now 760 237 8006 or go to http://www.BigBlockRealty.com/contact San Diego Real Estate Professional gives all tips you need to Make an offer to buy a house. Get Instant Real Estate Help Call or text us: 760 237 8006 San Diego Real Estate Agents and Local San Diego Real Estate Experts Oliver Graf and Sam Khorramian talk about "how to make an offer" in this episode of buy a house Real Estate Tips. In this video we'll discuss: - If you've found a house that you want to buy, you'll need to make your seller an offer. Find out how to write a thoughtful real estate offer letter - Determine the price. The purchase offer should clearly state how much you're willing to pay for the property. - Legal Description - Tips for Writing Winning Purchase Offers even in a Seller's Market. - Your earnest money deposit - Financing terms - Choose your escrow period - Move in terms - When do you get the keys - Writing an offer letter is an important step - Response Time - Offer Price - How to write an offer to purchase a house (that stands out and wins) - Fully executed contract Sam Khorramian and Oliver Graf help countless buyers and sellers make offers on Real Estate all over San Diego. Sam is based in Downtown San Diego and Oliver is on the beach in Oceanside. Together this powerful duo service's all Coastal San Diego Real Estate From: Downtown San Diego Real Estate, La Jolla Real Estate, Del Mar Real Estate, Encinitas Real Estate, Carmel Valley Real Estate, Rancho Santa Fe Real Estate, Point Loma Real Estate, Oceanside Real Estate, Carlsbad Real Estate, San Marcos Real Estate, Cardiff Real Estate, La Costa Real Estate, Solana Beach Real Estate, Little Italy Real Estate. There are different versions of writing an offer that make sense depending on whether you're buying new construction, short sale, bank owned property, rural property, etc. As your Buyer's Agents we will help you figure out which one is right for you Take a look at more tips on How to make an offer to buy a house: http://bigblockrealty.com/understanding-the-process-of-buying-a-home-part-1 When Buying Real Estate in San Diego or anywhere else, you want to make sure that you write a good strong offer, while at the same time making sure you don't over pay. Some things you want to think about when putting in an offer to buy real estate. - Consider Market Conditions in Your Market and Submarket - Determine what price you are willing to pay - Figure out your highest and best price for the offer - Outline exactly what you want from the seller. - Choose your "escrow period" and closing date - Outline contingencies Then get ready to negotiate! Oliver and Sam are Internationally recognized real estate speakers that are based here in San Diego. They are the obvious choice when looking for help in the San Diego Real Estate Market or finding a San Diego Real Estate agent! Being expert negotiators gives them the ability to consistently get the best deals for all their clients when buying San Diego Real Estate. Call us and we can help you make an offer to buy a house all over San Diego. Browse San Diego Real Estate, Homes for Sale in San Diego, Free Search Tool Here: http://www.BigBlockRealty.com/buy Find... Real Estate in San Diego Real Estate in Little Italy Oceanside Real Estate Carlsbad Real Estate La Costa Real Estate Leucadia Real Estate Encinitas Real Estate Cardiff Real Estate Solana Beach Real Estate Del Mar Real Estate Rancho Santa Fe Real Estate La Jolla Real Estate Buy Real Estate Make an offer Real Estate Real Estate in Oceanside Real Estate in Carlsbad Real Estate in Encinitas Real Estate in Solana Beach Real Estate in Del Mar Real Estate in La Jolla Real Estate in Rancho Santa Fe San Diego Real Estate, contact Oliver now for help: Call now: 760. 237. 8006. or Direct: http://www.ThinkOG.com Take a look at some of my other videos... La Jolla Realtor Tour "La Jolla Shores Tower" Realtor Condo tour La Jolla - Real Estate Agent http://www.youtube.com/watch?v=FDuZo5m9jno Oceanside Real Estate Virtual Tour by Oceanside Real Estate Agent Realtor http://www.youtube.com/watch?v=mbAeyL1HaG8 Carlsbad Real Estate Virtual Tour by Carlsbad Real Estate Agent Realtor http://www.youtube.com/watch?v=oq310GJrJA8 San Diego Real Estate Agent Oliver, contact me now for help: Call now: 760. 237. 8006 or Contact Me Direct: http://www.BigBlockRealty.com/contact Thanks for watching! Contact me anytime, Oliver Graf Big Block Realty San Diego Realtor: #01832028 http://www.BigBlockRealty.com Premium Service, Proven Results! Disclaimer: This video is for entertainment purposes only San Diego Real Estate, Call Oliver now for a free list of local homes for sale, San Diego Real Estate. Let us know if you have any questions on how to make an offer to buy real estate.
Views: 9768 olivergraf360
10 Things Every Home Buyer Should Know Before Making an Offer
Here are 10 things every home buyer should know before making an offer on a home. By doing a little homework in advance, buyers can get an edge in the negotiation and avoid making a costly buying mistake. Buying a home is an exciting time. Do a little research before making an offer and you won't be tempted to think with your heart instead of your head.
Views: 6355 Laura Duggan
How do Realtors & Real Estate Agents Submit an Offer on a Home?!
How do Realtors & Real Estate Agents Submit an Offer on a Home? What does that process look like? Are you getting anything negotiated into the deal when you decide to submit your offer to purchase a property? RE/MAX Alliance Agent Natalie (Negotiator) Carrado is your girl! Sell or Buy Your Next Home using Living Denver! www.LivingDenver.com
Views: 9825 LivingDenver
How to Make a Low-Ball Offer on a House
What happens if you fall in love with a house out of your price range? Well, you could walk away or make a low-ball bid, but how do you make a low-ball offer on a house? A low-ball offer is described in many ways. First, it's usually more than 10 percent below the asking price of the house. Second, sellers usually find them insulting, so listing agents often have to plead with their clients to respond to the offer and engage the buyer. However, this can depend on how desperate the seller is. Third, low-ball offers can have a decidedly negative impact on the negotiation process. If you're making a low-ball offer, you need to know how much homes have sold for in the neighborhood. You should ask your agent to help you find out how much foreclosed properties, short sale properties and properties that have been on the market for a long time sell for in the neighborhood. Once you've assessed the sales price of homes in these three categories, and you've found a house you want to buy, you and your agent can start to compare the prices of the "comps" with your property of choice. You can then decide how much the property should sell for and construct an offer. If you decide to make a low-ball offer, you have to prove your bid is worthy. For example, if you offer $80,000 for a home priced at $100,000, you have to show "comps" on other neighborhood homes that recently sold for $75,000 to get the seller to bite. However, if you offer $50,000 on a $100,000 home, the seller has every right to offended. Sometimes low-bid offers work and sometimes they don't. But when they do, you'll get a property for an exceptional price. Looking for more of my real estate and personal finance tips? Subscribe to my YouTube channel: https://www.youtube.com/user/ExpertRealEstateTips Read my blog: http://thinkglink.com See my tweets: http://www.twitter.com/glink Follow me on Facebook: http://www.facebook.com/ilyceglink
Views: 11132 ExpertRealEstateTips
Offer To Purchase - Bank Owned Properties
When making your offer to purchase on a bank owned property, it's a good idea to use the purchase and sales contract from the realtor. By using your states purchase and sales agreement, you know that it has everything in it to comply with your states laws. Plus you can lean on your real estate agent for help in filling it out and then they can submit it to the bank. That's what they are there for and they would be more than happy to help. One advantage of using me as your funding partner is that you can make all cash offers. People and especially banks love to see all cash offers. However, in some cases they want hard proof or bank statements backing up the cash offer. So you may have to change your offer from all cash to pre-approved. By doing this, the bank will not want to see the cash in your account. By going this route they may ask for a lower earnest money deposit too. Contingencies are one of those things you have to be very careful about. Too many contingencies can cause you to lose a deal. Some of these contingencies might include subject to financing, partners approval, inspections, etc. With earnest money on banks, typically they want $100 - $500 earnest money. Some realtors may tell you other wise. Here's a little secret... if you are making multiple offers, this can be a lot of money you have shell out. Well instead make it so your earnest money is due within 48 hours of acceptance. This way you only have to deposit money if the offer is accepted. The addendum will be specific to the lender and your state. Usually it contains important information about the sale of the property. Every property you buy from the bank will have an addendum so get familiar with it. If you don't understand it, ask the agent to help you. As far as being assignable, the answer is NO! This is one of the main differences between buying from a bank vs. buying from a private seller. Banks don't do assignments because they want to deal direct with the buyer and know that they will close on the property. Proof of funds is important these days. If you are one of my students, then you have access to my proof of funds and transactional funding. Banks are now on to bogus proof of funds letters so it's important to have someone you can trust to back you up on all your deals.
Views: 7040 Cameron Dunlap
Making an offer - how to get your dream home (UK)
Are you a bit anxious about putting an offer in for a new house? Experienced estate agent Ian Harris has some guidance to make the process as smooth as possible. In this video Ian Harris will discuss: The importance of preparation. Making sure you research the local market and have your finances in place. The actual process of making the offer. How you do it and what level should your first offer be at? What will the estate agent do and what help can the estate agent offer you as a buyer? For more advice on buying your dream house visit the Propertymark website - http://ow.ly/c43l30iC0Lj
Views: 975 Propertymark
What Should a First Time Home Buyer Know Before Making an Offer on a Home?
What Should a First Time Home Buyer Know Before Making an Offer on a Home? http://rdwaller.com/
Views: 139 Roland Waller
Making An Offer On A House Wisely
http://stefanaarnio.com How do you get through all the legal fluff on an offer to purchase? In this video Stefan Aarnio breaks down the four vital parts of an offer to buy. http://stefanaarnio.com
Views: 1293 Stefan Aarnio
Paperwork needed to make an offer on a house in Pennsylvania
Let's go through the 5 forms needed to make an offer on a home in Pennsylvania: -Preapproval -Consumer Notice -Buyer Financial Information Sheet -Seller's Disclosure -Agreement of Sale. A brief description of each form and then a brief overview of going under contract. You can see more on a blog I did at: https://lauralaws.com/2015/02/12/home-buying-part-1/ If you are looking to buy or sell a home in the Southwest suburbs of Philadelphia you can contact me at [email protected] or find me at LauraLaws.com. Thanks for watching!
Views: 2136 Laura Laws Realtor
Buying a House:  Your Offer Was Accepted, What Now?
Read the Full Article at: http://www.HomesNorthernVirginia.com/ Today's Northern Virginia Real Estate video answers the question - Your offer to buy a home was accepted, what's next? ================================================= Steve Bradley, Northern Virginia Real Estate web site http://www.HomesNorthernVirginia.com Northern Virginia's Best Home Search Site for Your Tablet & Mobile device http://www.NOVAhomeSearcher.com And look at us, we're on Facebook too. http://www.facebook.com/BradleyGroupRealtors ================================================= Buying a home in the next 3 months? Download our FREE 31-Page Home Buyer Report at http://www.homesnorthernvirginia.com/free-31-page-new-home-buyers-guide/ If you are selling in the next 3 months why not DOWNLOAD our FREE Smart Seller Program at http://www.homesnorthernvirginia.com/smart-seller-program/ ================================================= You should YouTube with us, it's good for you! Stop by our YouTube Channel often! http://www.youtube.com/user/BradleyGroupRealtors/ Or better yet why not just subscribe by clicking the link below http://www.youtube.com/subscription_center?add_user=BradleyGroupRealtors =================================================== DISCLAIMER: Steve Bradley is not an attorney and not offering legal advice. He does not hold a real estate brokerage license in any every state. Laws, requirements and local policies differ and selling and buying real estate can have significant legal implications. Always seek the advice of a licensed attorney and/or real estate broker if you have concerns about your sale or purchase of a home. Music Supplied by:Chan Redfield, Main Track -- Get it Going
The Multiple Offer Process
For more articles & videos: http://www.tylerharman.com Welcome to the Real Estate Black Book - Buyer Edition. Today we're going to talk about the Multiple Offer Process. Now, you're probably thinking, obviously it's the person who has the highest price that gets the house, right? … Not true. I've beaten higher prices and I’ve beaten all cash offers. Here’s the first point: Your agent can either GET the deal for you, or can KILL the deal for you. I've seen both sides. When I’m a listing agent, I get buyer’s agents who call and start arguing with me in the first few minutes! Think about it... If they're already arguing with me, just imagine how messy this gets once we open escrow! Happens more than you think, by the way. On the other hand, Sellers also have to watch out for buyers agents who agree to anything just to get the house... It's really funny how fast they change their tune at the first sign of trouble. A few leaky sinks and they’re ready to back out of the deal completely. It’s crazy. So, what can YOU do as a buyer to get the house? First, you need to be working with ONE agent. There are a million reasons for this, but let’s just cover a few today. Some buyers think writing an offer with the listing agent is going to get them the deal. I call these buyers “Listing Agent Groupies”. But if these agents as ethical like they should be with multiple offers, they don’t represent both sides during negotiations. They'll usually bring in another agent to help negotiate for the buyer. So if the listing agent refers you to another guy, not only are you NOT getting the “inside deal”, but you have no idea how many other buyers that agent is representing. He could be writing offers for 2-3 other buyers on that same house. But if you DO happen get the deal with through the listing agent directly, odds are that not only were you the highest offer, but you were probably MUCH higher :-) That's because the listing agent's allegiance is to his seller. Not you. You need your agent to sell YOU as a person as much as he sells your offer: "I've been working with Ricky for 3 months, he's got his head on straight, very reasonable, written a few offers, but this is the home he really wants." And then follow up like crazy to keep your offer front and center. Second, Besides having a loyal agent, you need a rock star lender… Most decent agents send a "Pre-Approval Letter" with the offer, but usually never elaborate on it and talk about the strong points. Know what I do? I usually have my lenders personally call the listing agent. Good agents will appreciate this for one big reason… The only thing more important than getting the highest price possible, is finding the buyer that will ACTUALLY close. When Sellers are reviewing offers, it can be super stressful to look at a bunch of random names and prices and try to figure out who’s Solid and who’s not. If your lender is a rock star, and you ADVERTISE that fact, your offer is as good as cash. I've had my lender make such a good impression on the Seller one time, they actually used him to get their loan on their NEXT house! Last thing... After buyers send in their offers, one of two things will happen: The sellers will either accept one and open escrow… or they’ll send back a "multiple counter offer". Most buyers assume they’ll get a counter offer, so they just throw a number to get their foot in the door... I like to use the multiple counter offer as a listing agent because you never know who is going to step up. Sometimes it's the “little engine that could” that ends up coming WAY up and beats everybody. You just never know! Other listing agents don’t do that. They have a hard of enough time answering their phone on the weekend, so sending back multiple counter offers is way too much work! For that reason, it's not a guarantee. More and more, I'm seeing Sellers pick the best offer during the first round... Like I said, it’s not always about price. This means you need to come in STRONG... right out of the gate. Get that price up, shorten those contingencies, and get noticed. But There’s only one way to do this… and that's to write with CONFIDENCE. This means you better know the neighborhood, where the prices are headed, and know the comps... Notice I said KNOW the comps, not ask your agent about them. Have you been inside any of the comps to really understand the prices? If you haven’t seen them or are at least familiar with them, it’s like comparing two bowls of spaghetti just by looking at pictures. Doesn’t work that way. I could talk for hours on this subject, but this is just to get you thinking. So to recap #1. You need a good agent to make the right first impression for you and keep you front and center. #2. Have a Rock Star lender in your corner to back you up. And #3. Write STRONG offers up front by coming in with total confidence.
Views: 3514 Tyler Harman
Buyers - Read The Property Disclosures Before Making An Offer
Tyler Wood from Coldwell Banker in Big Bear Lake, CA discusses real estate disclosures and the home buying process. Many buyers make an offer on properties before even looking at the sellers disclosures, only to find out later that there are some things they don't like about the property. Save yourself the hassle, review the seller's disclosures prior to making your offer. That are lots of important details in the seller's disclosures that will ultimately affect your decision to buy.
Views: 485 Tyler Wood
First Time Home Buyer MISTAKES | 9 Mistakes First-Time Home Buyers Make | First Time Home Buyer Tips
First Time Home Buyer MISTAKES | 9 Mistakes First-Time Home Buyers Make | First Time Home Buyer Tips. Real estate agent and Realtor Matt Leighton goes through 9 mistakes that first time home buyers are making when it comes to purchasing a house. Subscribe for more real estate videos - http://www.youtube.com/subscription_center?add_user=themattleighton Real Estate Continuing Education Online Classes: https://goo.gl/Cr4Tpf Looking for a real estate agent in your city? I have a network of top producing agents around the country. Email me and I can put you in contact with an agent in your area [email protected] -- Find Matt here: https://instagram.com/TheMattLeighton https://www.snapchat.com/add/mpleighton https://www.facebook.com/TheMattLeighton https://twitter.com/TheMattLeighton https://www.linkedin.com/in/TheMattLeighton 9 First Time Home Buyer Mistakes | Tips for First Time Home Buyers 0:57 - 1. Seeing houses before getting financial qualification 2:44 - 2. Looking for a unicorn 3:45 - 3. Using the listing agent to represent you 5:15 - 4. Looking too much into the home's online value estimation 7:05 - 5. Expecting your house to increase in value 9:15 - 6. Underestimating your expenses 10:07 - 7. Feeling rushed 11:25 - 8. Falling in love with houses on the open market 12:52 - 9. Fallacy that renting is throwing money away MY EQUIPMENT LINKS TO AMAZON The camera I use - https://goo.gl/3n13gS The lens I use - https://goo.gl/hS8a1s The mic I use - https://goo.gl/kSeu8J The memory card I use - https://goo.gl/t4wdXj The camera flash I use - https://goo.gl/pi2gmj The gimbal I use - https://goo.gl/xKMj8t The gorilla pod I use - https://goo.gl/jLLL5q The intervalometer I use - https://goo.gl/EV2KWo The iPad I use - https://goo.gl/G9onPp Business inquires [email protected] Matt Leighton - Arlington VA Real Estate Agent Matt [at] Orange Line Condo dot com Century 21 Redwood Realty 1934 Wilson Blvd Arlington, VA 22201 https://www.youtube.com/watch?v=z2R9phdX5W4
Views: 320026 Matt Leighton
How To Make An Offer On A House UK
Welcome to Mortgage Broker TV and be sure to SUBSCRIBE: http://bit.ly/BarrFinancial to learn more about the latest mortgage deals and learn some insider property tips. How to make an offer on a house UK is critical if you want to be successful. It is an exciting time, but for many its unlikely you will have had much (if any) experience of making an offer on a house. If you make a bad offer on a UK house purchase, it could end up costing you thousands of pounds more than you might otherwise have paid, if you had offered better! So its a big deal and critical you plan ahead and think about how you are going to make an offer on a house, before you go and do it! So if you are buying a house for the first time, moving home or an experienced property investor, I know my Top Tips on how to make an offer on a house, will really help. So here are my 7 Top Tips on How to Make an Offer on a House UK: Tip 1: Make sure you can make an offer. Tip 2: Research the market. Tip 3: Research the property. Tip 4: Know the maximum you are prepared to pay. Tip 5: Present yourself. Tip 6: Offer and shut up! Tip 7: Stick to your guns! The key like a lot of these complex things, is to plan ahead! A good independent mortgage broker might be able to give you some guidance when you are about to make an offer on a house. Don't forget the estate agent is not on your side. And your mortgage broker is working for you, so you will get more impartial advice and of don't forget they have lots of experience o f helping people just like you when it comes to buying a house. I want to say a HUGE thank you for watching this video. I hope you subscribe and keep an eye out for lots more insider tips and entrepreneur ideas about how you can grow your own business and become successful. I would love to hear from you, so please drop me a comment and say 'Hey' ;) About Ben: Ben Parry is a business man (trainee entrepreneur!). His businesses include Barr Financial and an early stages Prop Tech Startup. Keep tuned in to find out more on that one! He doesn't like to use the word entrepreneur too much as he feels its often over used by anyone in business! For him its not about the size of the business or the amount of money someone earns! To become a true entrepreneur is more than this and is about doing something new, different and creating a legacy that can help others. With a background in finance, property investment and on the job training of starting and developing two companies, he has experience and knowledge to share. Thank you for coming to this channel, I hope you subscribe and keep an eye out for lots more helpful insight and fun. Find me on: http://Facebook.com/BarrFinancial http://Facebook.com/followbenparry http://instagram.com/followbenparry http://twitter.com/barrfinancial https://itunes.apple.com/us/podcast/the-parry-podcast/id1339879976 Google Play: https://playmusic.app.goo.gl/? Pocket Casts: http://pca.st/zQv3
Views: 411 Barr Financial
How-To Fill Out An Offer-To-Purchase Real-Estate
How-To Fill out An Offer To Purchase Real-Estate Follow me on Instagram: https://www.instagram.com/teddysmithnc/
Views: 1004 Teddy Smith
How to Make an Offer on Commercial Real Estate
http://www.commercialpropertyadvisors.com/how-to-make-offers-on-commercial-real-estate/ Discover what no classroom would ever teach you on how to make an offer on commercial real estate. You'll learn the absolute essential things you need to make an intelligent offer, including the 4 phases you must go through BEFORE you finalize your offer. Most importantly, the lessons in this video will educate you on how to avoid overpaying as well as the dreaded negative cash-flow scenario that some commercial investors experience when they first purchase. Lastly, you'll get access to a file that step by step, shows you exactly how to make the best offer on any commercial property.
Home Buyers Guide - Episode 11 - Making an Offer On Your Next Home
This is episode 11 of a complete Home Buyers Guide courtesy of http://www.SearchHomesInSanAntonio.com http://www.callguzman.com and http://www.facebook.com/buyguzman. We will discuss the entire home buying process from current home affordability to the closing of your next San Antonio Home Purchase. In this episode we discuss how to make an offer on your next home in San Antonio TX. Find all homes for sale in San Antonio TX on our site! From luxury homes in San Antonio to new home construction, if real estate in San Antonio is what you are looking for, you have access to the entire San Antonio MLS listings with http://www.SearchHomesInSanAntonio.com !
Views: 252 Carlos Guzman
Buyers: Making an Offer on a House in Arizona - By Dru Bloomfield
What goes into writing an offer to buy a house? Offer price, down payment, earnest deposit, and more more. The buyer's objective determine how the offer is crafted.
Views: 128 Dru Bloomfield
Submitting an Offer on a House - Home Buying 101
Learn the basics of writing and submitting an offer on a home you are ready to buy. We want to help you on your way to buying your own piece of real estate. Learn more about how to buy a home and other real estate tips: https://www.realtor.com/homebuying/ #HomeBuying101 -~-~~-~~~-~~-~- Learn More about the home buying process: "Home Buying 101: How Do I Get Started?" https://www.youtube.com/watch?v=zqZI4ZvjcRM -~-~~-~~~-~~-~- #realtor #realestate
Views: 27471 realtor.com
Home Buyers: Making Your Offer More Attractive
Making an offer in a seller's market is tough, there are a few things that we can do to set your offer apart from the rest. --- ABOUT Jana Jeffery is a sassy and sometimes snarky #NeighborhoodMatchmaker (aka real estate sales executive) serving home buyers and sellers in both Kansas & Missouri. In her former career spanning 24 years in sales and marketing, Jana successfully negotiated multi-million dollar transactions on behalf of her clients. She prides herself on being knowledgeable and serving her clients and their interests to the best of her ability. To learn more about Jana, watch: https://youtu.be/mpfwVbW5sNk --- WEB http://soldbyjanaj.com PHONE (816) 882-3970 EMAIL soldbyjanaj [@] gmail [dot] com SOCIAL Facebook: https://facebook.com/soldbyjanaj Instagram: https://instagram.com/soldbyjanaj Twitter: https://twitter.com/soldbyjanaj Pinterest: http://pinterest.com/soldbyjanaj Snapchat: https://www.snapchat.com/add/jstlivn
Views: 55 Jana Jeffery
Making an Offer on a House - Tips for Buying a House (2019)
Buying a home can be a complex project that involves many people and many tasks, and one of those tasks to understand is how to make an offer on a house. We’re going to be talking the pricing component of the offer in this segment, which involves the offer price and what I call the net contract price. ________________________________________________________________ I'm a full-time Realtor in Charleston, SC. I grew up in West Ashley, and entered the eye opening experience of the U.S. Marine Corps, which was the beginning of my being away from the Holy City for quite a few years, but I’m back to the lowcountry I love. I have two adult sons who live in Seattle, which is where my wife and I moved here from. I always said I wouldn’t own a Chihuahua, and I now own a Chihuahua who has me wrapped around her little paw. Never say never. CONNECT WITH ME! 📧 Email: [email protected] 📱 Mobile: (843) 779-5994 🌐 My Website: https://smoakhouse.net 🔍Search for Properties: http://jimsmoakrealestate.com 👍 Facebook: https://www.facebook.com/jimsmoakrealtor 📷 Instagram: www.instagram.com/jsmoak 📃 Linked In: https://www.linkedin.com/in/jsmoak
Views: 92 Jim Smoak