Effortless Home Buyers
24 – What is an inspection period?
Understanding what is an inspection period. When a buyer and seller wants to deal in a real estate transaction. It is common for a buyer to sign before checking the property. What they’d want is to bring in professionals to evaluate the property and see how much it will take to fix the property. The…Read More
23 – What are contingencies?
This is any type of clause in the contract that states that either the buyer or the seller can get out of the contract without losing earnest money if there is something not of their satisfaction. An example would be an inspection contingency, especially with properties that need work done on them. Professionals would be…Read More
22 – What is an attorney review period?
In most states, when a contract is signed there is a period of days after where attorneys of the seller and buyer can review and choose to modify other details of the contract except for the price. The attorney from either party can still accept, reject, or modify certain things. https://youtu.be/HkHb0Z_UGiY https://youtu.be/HkHb0Z_UGiY If you want…Read More
21 – What is earnest money?
This is a payment made to the seller by the buyer to signify that they are fully intended to close on the property. If the buyer doesn’t close, the seller gets to keep the money for the time and effort already done. It shows good faith basically. https://youtu.be/eNH5x9yySvA https://youtu.be/eNH5x9yySvA If you want to learn more…Read More
20 – How do I sign a contract?
There are a few different ways. The easiest way is to use a digital signing service. The document will be emailed and it will have marks of what you need to fill up and sign. Another way is to print out the document then physically sign with a pen. Scan this and then send it…Read More
19 – What happen after contract is signed?
What happens after a contract is signed with us? At that point, a few different things happen at the same time. The investor would start processing the closing. The investor may line up contractors for rehabilitation. There may be tasks with the municipality that needs to be arranged such as water reading and such. https://youtu.be/9ZZ2SzAlZiE…Read More
18 – What is the property condition assessment?
When the investor speaks with the seller and asks for what repairs are needed, usually the sellers only say that the property is in great condition and may not be aware of what needs to be done. A property condition assessment is where we ask for permission to come into the property for about an…Read More
17 – What is the overall process?
Understanding the overall process when selling to an investor takes several steps. It begins with a call or a visit to the website of https://www.effortlesshomebuyers.com/ Next is you get to talk with a purchase manager who gathers all the information about the property and the seller’s goals. The investor then gets access to the property…Read More
16 – What happens after a Verbal Offer is accepted?
What happens after a Verbal Offer is accepted? When you’ve spoken with an investor, provided them with all the information, they’ve seen the property, and they have provided you with a verbal offer. What happens next? I take you through this process quickly in the video so you understand what happens and what to expect.…Read More
15 – Who pays closing costs?
Now that you understand closing costs better from the last video (https://youtu.be/0z8sbiFMm0M), the next question is, who pays them? Typically this is split evenly between the buyer and the seller especially if it’s a retail transaction. But when you work with an investor, that changes. Usually, investors pay all the closing costs. https://youtu.be/Mgmkq2GAbhc https://youtu.be/Mgmkq2GAbhc To…Read More