Buyer Tips

Even though everybody said it’s impossible to get your offer accepted, you still did. You succeeded. You won—congratulations! The contract is now signed and ratified, and your earnest money is in. Everything’s all good… until you get that appraisal number. It turns out you’re one of those people who got an appraisal lower than the purchase price. Now, that’s a problem for a lot of reasons.

A Zombie Foreclosure, other than just being a really fun name, is an opportunity for you to get a killer deal in this market. No zombie pun intended! It is another iteration of foreclosure that you should be aware of because it’s not going to show up in the traditional way like we talked about previously with foreclosures versus short sales.

Short Sales versus Foreclosures. This is a topic that I’ve done a few videos on relative to the foreclosure side of things. Now, I’ve been seeing a lot of people ask about them again, especially since it’s such a competitive market. They probably still remember how it is back in the day when short sales and foreclosures were really good deals. Back then, you might have to do some work, but you can definitely get those houses for a lot cheaper. Now that some of the laws have recently changed, let’s talk about short sales and foreclosures again, how they differ, and why that matters.

My parents told me that I should get my own inspector, what do you think? Today, we are talking about the inspection contingency and, specifically, how to do due diligence on your house before writing an offer.

We’ve been talking about contingencies for the last couple of videos. Today, let’s talk about the third one and arguably the most critical one if you’re applying for a loan—the loan contingency.

I’ve been seeing this conversation pop up on Reddit, in the comments section on YouTube, in Instagram, all over the place, and I think it’s really important to understand, especially if you’re going to jump into this really hot market. The financing or the loan contingency is a very important piece, especially with some of the volatility we’re experiencing right now in the mortgage world.

You’ve submitted your offer, and you just received a counter from the seller, and it says that they want you to remove your appraisal contingency—should you? Today, let’s talk about contingencies, specifically the appraisal contingency, and how to responsibly remove this contingency to make a competitive offer.

Do you believe that people are leaving California en masse? Well, if you do, I’ve got a bridge in Brooklyn for sale; it’s got your name on it. Kidding aside, today we’re talking about the California mass exodus – that never happened. Because it’s not happening.