Buyer Tips

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.

I seriously hate the question “Is now a good time to buy a house?” Let me share with you why.

 

Admittedly, it’s something that I get asked all the time. However, in my opinion, what people are really asking is, “Should people be buying houses even though the market is so hot? Even though it’s a seller’s market? Even though prices are up?” However, if you want to succeed, those are really not the right questions.

Is the state of California really going to buy foreclosures? Well, according to this Senate Bill 1079? NO.

I’ve recently seen this headline about a recently passed Senate Bill 1079 or “The Homes for Homeowners, not Corporations” bill. It has gotten a lot of flak online, and in YouTube world, especially. But frankly, I just don’t see it. Maybe I’m missing something? Nonetheless, today, I want to talk about what this bill says, what it’s going to do, and how it affects us here in the East Bay in our real estate, transacting world. Let’s get started.

With all this talk about mortgage forbearance and foreclosures being kicked out in another six months, I think it’s time to talk about what a foreclosure actually is, how long they take, and what you should be really aware of when you’re hearing about all this mortgage forbearance that’s being added to our foreclosure and real estate world.

February 16, 2021– a day that will live in infamy forever. Now, it’s not that big of a deal. However, if you’re going to be in the real estate market, it is definitely something you need to know about. On that day, President Biden has officially extended the mortgage forbearance and foreclosure moratorium. Today, let’s talk about why it is important.