The Dangers Of Buying A House Without A Realtor
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- čas přidán 28. 06. 2024
- With the recent NAR settlement, some people may think that they can buy a property on their own without using a realtor. As a real estate closing attorney, I think you should reconsider...
If you're a real estate agent or real estate professional looking for tips and tricks to better handle your real estate closings, then the Real Estate Show Podcast is for you!
#realestateclosing #realestateattorney #realestatetips
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Tiffany Webber is a real estate attorney and owner of Thomas & Webber, a real estate law firm in Mooresville, North Carolina. They handle both commercial and residential real estate closings, estate planning, and business formations.
If you'd like to work with Thomas & Webber, please email info@thomasandwebber.com
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Thomas & Webber
514 Williamson Rd.
Suite 421
Mooresville, NC 28117
704-663-1600
www.thomasandwebber.com - Zábava
May I ask which investments are good? I've been looking at a few different ones but want others' opinions as well.
What I think everyone need is a Financial Adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit.
Have been in need of an Adviser for long now..
"Angela Lynn Schilling" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.!
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip!
Oh, all those poor buyers and sellers in Europe and UK don't know what they're missing! Typically a 1% TOTAL commission once a home gets sold, and NO buyer agents exist. Let's have more USA-style middlemen introduced into the home selling process in the UK to milk money since there's so much cash flying around. Gotta get a slice of the pie!
The most important thing for a buyer is to work with a trusted lawyer BEFORE signing any papers with a realtor.
In my experience, the process of buying property is needlessly complicated. That said; buyers need legal representation from a lawyer.
Realtors do not work for buyers or sellers. Realtors work for agencies or are possibly self employed.
A lawyer, that you as the buyer hire, is working for you.
Preach
That’s ridiculous. In Arizona we don’t use Attorneys at all. Been this way for a very long time. Our purchase contract is extremely clear and protective for both the seller and the buyer.
Attorneys for the most part Dont negotiate
Correct, we do zero negotiating in our firm. We focus on making sure we can convey clear title.
Many DIY buyers and sellers don’t know their rights and obligations.
In the Maryland Real Estate Contract of Sale FHA Financing Addendum for example if the house under appraises, the buyer is NOT obligated to purchase at the contract price. The buyer has a finite amount of days to inform the seller and the seller has a finite number of days to respond. The seller is not obligated to sell at the appraised value. But on FHA loans, a HUD case has been opened and that appraised value will likely be the appraised value for any future FHA buyers if the seller decides not to sell to the original buyer. I say likely bc the new lender would have to get the initial appraisal transferred to them which sometimes is a hassle. And sometimes the new lender may not see the older HUD case for some reason.
I don’t know if this changed recently with all that’s been going on but this is just a small example of what most DIY buyers/sellers don’t know.
Thanks for the video!
Yes, each state is wildly different as well. Most buyers have no idea that the process can vary so much from state to state.
Why do I need a survey as a buyer? There’s going to be a title company that will be providing title insurance and they will either conduct a survey themselves or they will rely on what’s recorded at the register of deeds. They’re going to provide me with title insurance. I have purchased over a dozen rental properties in Michigan and I have never once needed to pay for or conduct a survey. Is this some requirement that is unique to the state where you practice law?
I agree! I’m an agent and investor in Texas. Title orders survey.
@@caseydbriscoe The only “vendor“ I have ever had to purchase services from as the buyer of a property has been a home inspector. Listening to these two CZcamsrs speak, it seems as though they are deliberately trying to create the appearance that a buyer‘s agent performs essential tasks. In my experience, the buyers agent never does anything more than merely transmit offers and counter-offers back and forth to the seller‘s agent and maybe coordinates dates times and locations for the title company to run the closing. I think the buyer‘s agent is the least essential part of the homebuying equation. I don’t understand why these CZcamsrs are pushing so hard to convince their viewers that the buyer‘s agent plays an essential role. This is, of course, coming from the perspective of a real estate investor who finds his own properties and does not need the buyer‘s agent to act as an escort. If I were a first time homebuyer, I would probably feel differently.
I’m in Arizona. Title companies do not order surveys! The buyer pays for a survey if they want one. It is not automatically done.
@@Starfish2145 As a buyer of 17 rental properties (plus two personal residences), I have never been asked by my buyer’s agent to pay for a survey nor have I ever even been offered an opportunity to have one conducted. I am agreeing with you that one is not necessary. So why would the CZcamsr making this video bring up the subject of getting surveys as a reason for procuring a buyer‘s agent?
I think it depends on your state
Great video! You nailed it.
For Russians, Chinese or Jewish people, they will DIY if they can save 3% or 6% commission.
What is the average hours spent by the buyer’s agent by looking at the 10 last transactions? Is there a standard list of items the agent actually do to help the buyer ?
Good Real Estate agent/Real Estate lawyer perspective. Ditch the hat.
Well he’s not a real estate agent or real estate lawyer…he’s my husband that’s just very knowledgeable so I’ll let him keep wearing a hat if he wants
Good luck. Also the safety aspects are enormous, someone knocks the door and says can I come in and look?
Who knows who is coming in.
Maybe you should research how many realtors have been murdered and attacked. It's scary.
What a stupid comment..
Never hire a buyer's agent. They add negative value.
Great interview, however, he keeps cutting her off.
He seldom allow her to finish her thought.
I would have loved to hear her complete thought.
The responses here falsely assume that ALL agents are as good as they're presenting, and/or that these good agents are very common. They certainly are not, so the common experience/view holds weight in the eyes of the average buyer.
I’m consider being a lawyer but will ai take over lawyer jobs also what is lawyers work life balance I heard they work a lot of hours and I want to have a life.
Since is not the same transacción what is the fee and the extra work? How much an hour vrs commission. You sound like that girl scout mother that volunteer For the girl scout group. Don't forget to have the paper of no liability. As a closing attorney who You represent?
No comprende
Easy. A closing attorney doesn't represent either side of the transaction
It’s upsetting to hear people think all I do as a buyer agent is just let them in the door. I know my clients wouldn’t agree with that. I really feel an obligation to have my clients get the house they want with as least stress as possible. That stress doesn’t go away I just take it lol