Are Homeowner's Being Taken Advantage Of? WATCH THIS VIDEO PLEASE!
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- Опубліковано 26 лис 2023
- Homeowner's Beware: You May Be Getting Taken Advantage Of!
This video discussed areas where homeowners/home sellers are being taken advantage of. This needs to stop. Take matters into your own hands!
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For more information visit www.LambertGroupHomes.com or give me a call at (949) 697-2232
💁♀️ My name is Audra Lambert. I am a realtor in Orange County, California. I have lived here most of my life. I have over 20 years experience! I love what I do and Love where I live! Most importantly I enjoy helping people as they transition into their next homes.
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This is not legal advice, nor can I give you legal advice Sorry! Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Nothing here should be construed to form and attorney client relationship. Audra Lambert with the Lambert Group does not render or offer to render personalized investment advice, tax advice, or real estate investment advice. The information provided is for informational purposes only.
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Phenomenal job Audra, such a valuable video. OMG, if only we had more Audra's in this profession. I've bought and sold so many homes over my 55 years of marriage, that I've lost track....and NEVER, have we found an agent with this lever of ethics, EVER! Again, if only you would have a training for realtors NATION wide. We love your passion, ethics, and ask GOD to bless you in abundance...safety and good health, and TONS of business....love you Audra.
Ahh..you brought tears to my eyes. Thank you so much for your kind words! Means the world to me!
Audra, thank you for teaching us! We put an offer in on a contingent. It said “Accepting back up offers”. My loan was already approved. I like your idea of having a home inspection before listing and saying here’s the stuff that’s wrong we’re not taking any reductions. 19 ft.². Really. Did this guy get out his measuring tape? If anybody pulls that crap with me I’m pulling the offer. I don’t care if I have to wait longer to sell.
Hello there...yes, it really was 19 sq, ft...unbelievable!! I love the home inspection before listing. It helps with the negotiations. You are so very welcome...so glad I could help. Good luck on that contingent offer. Smart to already have loan approval. Go get it!! Best of luck.
I'm in the middle of selling my house, and I also gave a contingent offer to buy another. I have an offer on my place now, which I just accepted, and the buyer of my place got his own house inspector out yesterday, and a guy to inspect my trees. So far everything I've signed has been electronic, and my listing agent might call to tell me something like, the "inspector is coming over and the buyer with him", and it is a brisk, fast phone call, (he's always in a hurry) he doesn't ask if that time is convenient for me. He's always in a hurry. Well fuck that. When he calls about the buyers new inspection report I'm going to tell him I'm not signing anything without meeting in person. He has only set foot on my property twice. It's been like fast food service. Thank you for this advice!
Ugh...I hate to hear this! This is why I am creating my videos...to protect others agains situations like this. You deserved better. I do like you taking matters into your own hands. You should know what you are signing. If not, report this agent to the National Association of Realtors. This is their job to explain the process and what you are signing.
Realtors can be such bullies!
Many seniors and/or elderly don’t see these videos and that is sad…this is what unscrupulous agents bank on
Thank you so much for your videos. We don't live in California but we are getting ready to put our home on the market next month. I've watched quite a few of your videos and have found them quite helpful.
Best of luck to you and I am so glad I could help!!!
Great video! As a licensed Home Inspector, I see the tremendous value in performing a Pre-Sale Inspection prior to listing. It can help set realistic expectations for the Seller and the Buyer. To me, it reflects the caliber and character of a better Realtor. Great job!
Great point! Thanks so much for this comment!! I am definitely doing Pre-Sale Inspections moving forward. Just limits a lot of headaches. Appreciate your response.
@@AudraLambertyou do have a big heart!
How could I find an inspector I can trust in my state?
be your own inspector, they miss alot
Love your honesty. More people should see your videos.
Ahhh...thanks so much. I really appreciate it!
Fantastic video! You offer so much value and knowledge. I run my business similar to the way that you do, although I am not a top producer like you. I have picked up some valuable information from you. I am really impressed with your knowledge. Keep Up the good work. It's so Nice to know that there are competent realtors out there who care about their clients and their profession, and not just a commission. I'm in the Bay area but if I get a client looking to move to southern california I would definitely refer them to you!
Ahhh..that is so nice! Really respect your comment. Sounds like you are a very good agent, as well. Glad you got some value!!! Thanks for your comment!
I know an attorney in Orange County who bought a house, had an appraiser check the square footage and the size came out 50 square feet less. He sued (being an attorney it cost him nothing) for $50,000.
Not cool...I do think some lawyers abuse their power. I had an attorney purchase a home from me and wanted a $15,000 deduction off the price because his appraiser came up with 19 sq. ft less than what the tax assessor and builder stated. . PULLEZZ!! All buyers need to confirm and verify the details of the home they are purchasing. Ugh!
Quality content Audra! Everything you said helps me as an active seller. Glad your channel is getting the views it deserves; your numbers are growing!
Awesome! Thank you! Really appreciate the vote of confidence!! Thanks for watching!!
I have sold 6 homes, 4 of them when I was living in another State. I did not ever meet any of the Agents in person. I think I got taken at least once. maybe twice. But any questions I asked they answered. But they never volunteered any info.
Hello there..I know, I don't understand that. You sign a listing contract and then you don't hear from your agent. Weird. I would just set the expectation upfront with your agent that you want consistent feedback...maybe have a set time they check in every week or twice a week. Crazy.
Love your messages! They are powerful and empowering. Please keep them coming.
Thanks Marilyn...means a lot!!!
You're the kind of agent that I'd like to have on my team. You didn't even touch on the less obvious scams that some agents perform in their contracts. For instance, they'll come in with what looks like a great selling price from a shill buyer (somebody they know), but then they expect the seller to pay a lion share of the fees and have some financing like FHA that won't be supported by the appraisal. Then they tell the seller that he or she must lower the price. I saw this very thing happen in an ascending market. So what looks like a high price for the home turns out to be a loser. They couldn't do it with me involved.
Wow...that's not cool. Ethics are so important in our industry. Unbelievable what some people do out there. Appreciate your comment..you seem like a good leader:)
Thank you, and in this case I had to be. It was my elderly mom who was subjected to this crafty scam. She could have lost somewhere around $50K on the deal. It didn't happen. Needless to say, it has made me very careful about hiring real estate agents. I interview them with very revealing questions. @@AudraLambert
@@audiophileman7047 I am so happy I could help. Glad you elderly mom didn't get scammed. :)
Me too. 👍👍👍@@AudraLambert
I appreciate all of your help. I see things that I'll change whenever I decide to sale my house. Thank u for all your info!!!
You are so very welcome!! Happy to help!
I never comment, however this is an excellent video, well done with needed information to offer protection to the consumer! Thank you.
Much appreciated! I really am trying to protect the consumer. Its crazy what's going on out there. Not good.
This is amazing information! I’ve lost count of how many of your videos Hubby and I have watched. We’re taking notes, and have already learned so much. If not for you, we would be clueless. Thank you for all that you do! This Upper Texas Gulf Coast area is not an easy market, and we’ve already heard numerous horror stories concerning some of the agents. I’ll be SO thankful to hear “SOLD!”, and see that transfer of funds. After this home sales, I doubt we will buy again. We are now both retired, moving closer to adult children and grands, and with taxes, the cost of maintenance, and insurance, we will probably rent/lease from now on. Besides, we wish to spend our time traveling more extensively while we’re still able, not babysit a home. Besides, after putting pencil to paper, we should actually come out ahead financially! We never wish to have to deal with this again, and we don’t want our children to have to deal with a sale of ours in the future if we’re unable to do so. We all have enough to deal with. Mercy, but I hope this upcoming sale isn’t a nightmare. Neither of us are looking forward to this process. 🤦🏼♀️ Again, thank you for sharing your wisdom and experience. You are a dear!
Great videos! Thank you. I found you today and have watched 5-6 of your videos. Loved them all!
Awesome! Thank you! Really appreciate your kind words.
Awesome information.. thank you!
Glad it was helpful! Thanks for watching!!
GREAT Tips! Thank you Audra!
So glad you got some value!!
Excellent information!
Glad you think so!
Thank you, Audra. You’re terrific at explaining the important aspects of selling a home.
You are so welcome! Thanks so much for watching my videos.
I always learn from you. Thanks for sharing your knowledge.
You just made my day...so glad I can help!!
Great info as always.
Glad you think so!
Extremely helpful info Audra. Thanks so much for sharing with all of us.
So glad you got some value. Appreciate it!!
Super tips 👌 thank you again 🙏
Thanks so much! Glad I could help! Appreciate the support!
Great videos. Thanks
Glad you like them!
I am learning so much from you. Thanks for all the excellent knowledge you share.
So nice of you! Thanks so much for your kind words. Glad I could help!!
Thank you for your honesty we need for individuals like you in this world bless you
Ahhh thanks. Appreciate your words.
This is such an important video. We all need to be open to learning about everything all the time. Thank you.
Absolutely! Glad I could help! Thanks for your support!
I'm a new follower. Getting ready to sell my home so I appreciate your videos and knowledge.
Oh! So glad I could help! Best of luck to you! You'll do great!
Thank you Audra your advice is so important and valuable to the person who is selling. You possess a wealth of knowledge. As a Canadian, I learn so much from you, just wish I didn't feel so intimated as a widow, happy I can get advice from you before I list.😊
So happy I can help. Can't believe you are watching my videos from Canada. Listing your home for sale is always intimating. You just need to find the right agent. My top agent on my team is a sweetheart. She is from Canada. If you ever need help finding an agent in your area, I can ask her for a contact for you. No pressure either way. Just trying to help. You're going to do great.
This happened to us about 20 years ago, so I don't remember specifics. We rented our contracted house to the buyer before closing. The market downturned and the buyer demanded a (substantial) price reduction or would back out. We went with it because of our situation at the time (that I don't remember). This happened using a "top selling" Coldwell Banker.
Another NO NO NO story for you.
Oh heavens NO!! So sorry to hear this. I hate hearing this. I would have demanded the Coldwell Banker commission to be forfeited for poor representation. Unbelievable. Thanks for sharing!
Love your videos !
Ahhh...thanks so much!!
Great video! Very informative overall. I'm currently selling my home and all of it can be a little much to deal with for a first time seller.
You'll do great!! I know its a lot to deal with...it will all be worth it:)
Thank you so much,will be selling our house in the Spring 2024...very helpful advice 🙏💯❤️
Best of luck! So glad I could assist!! You'll do great!!
Me too! Good luck 💲💲
Loved this video! Thank you! I would hire you as my realtor in a heartbeat.
Wow, thank you! So glad you got some value!! Really appreciate your. kind words.
Great video!!!
Glad you liked it!
Some Buyers think that a working yet older HVAC system is reason to ask for a new unit or credit at closing. That would be considered an upgrade, not a repair. That's void of logic to replace a working unit, despite its age. Advertise "everything is working, but selling AS IS."
Couldn't agree more!!
this exact thing happened to me when I sold my house. Craziest thing is my realtor was also the mayor of the city! Who can you trust? 😂
Reading contract saved me 12000.
Good job!!!
Great video. Should i replace my 22 yr old heater before selling my condo?
My problem with real estate agents is the commission structure. Some are a percentage of the sale price; some reduce the percentage with increased price. This is exactly backwards. If a seller is leveraged, the agent should be similarly or more leveraged. I'd sooner pay 50% commission on anything over an agreed on floor than 5% or whatever on the entire price.
Hello there!! I did two videos recently on this . You may want to check it out...i do hear your frustration:
ua-cam.com/video/1Mbd1FsVTZs/v-deo.htmlsi=Fsowz4qVmylqQCfV. ua-cam.com/video/CvCTHPGaObM/v-deo.htmlsi=0pL8K4DztuRYkegj.
We had lots of prospective tenants submit fake paystubs and w2 s in Orange County.
Ugh..that's why you ALWAYS call the employer to verify employment. So sorry to hear that.
Being a broker, what a shame.
I go over my contract with my clients. Commission of 10% is robbery. 100% agree a realtor should stay in touch with the client at least 2 times or more a week.
Depend on the market , a 30 day listing I would past. In a hot market, yes. We spend money to get the property advertised only to lose it after 30 days. So 3 to 6 mos ok.
There r bad acting people in all career fields.
Completely agree with you. Unfortunately there are some bad agents out there...but the good ones are AMAZING!!
Thank You! AAA+
You're welcome! Appreciate your nice comment!!
Thank you , can you please do a section on HOA's , I am moving from a part of the world where we don't have HOA's to one that does have. I know that there are a lot of bad apples but knowing what to look out for can be handy if one thinks of an investment as important as a home where predatory HOA's can ruin the whole experience.
Yes, great topic. I know a lot about HOAs..pros and cons. Let me get working on this!
I had an agent sneak in the contract that she would get her commission if I sold my house by any means through any agent for the next 2 years
Okay...that is criminal!!! I would go to her broker and demand a recision of the contract for misrepresentation. Unbelievable!!!
What? That's ludicrous! 😮
no hater here, cudos to you!
Thanks so much!! Appreciate you!
I been watching your videos because we wanted to sell our house. I’m in Texas so I can’t hire you but I want you 😢
Ahhh.thanks so much!! You’ll do great! Just find the right agent! Interview at least 3 agents!
I’d be happy to refer you some agents in your area. No obligation….but please interview 3😀lambert.homes/referral
Hi Audra, How much commission does a buyers agent need to be give should it be 2 to 2.5% or can be lower too? What's your advice?thank you for the information video, appreciate it. I'm learning so much from you 🙏🏼
Hello there! It really depends. Buyer's agent commission are not set. The seller is not required to give a buyer's agent commission but it does assist with the buyer's paying for their own representation. If I was selling my house, I would give the buyer's agent a commission because I want that buyer well represented. Most buyer's can't afford to pay for their buyer's own commission. The buyer is the one who is paying most the money out of pocket. I would consider my price when offering a buyer's agent's commission. So glad you are learning from my videos. That makes me happy.
My son-in-law put $4k deposit on an out of state house OK). The listing agent got him to sign a rights release (before seeing the house) by confirming (orally) that they could still get their earnest money back as long they cancelled in the specified timeframe. They saw it and cancelled only to find the listing agent was wrong and her company would not refund. The agent offered to pay it out of her pocket until she was told it was illegal. Should he sue?
What? That is crazy. Take the brokerage/agent to small claims court for misrepresentation. Why is it illegal for a agent who is an independent contractor to pay for a mishap. Its called cost of doing business. Never heard of such a thing. Unbelievable!!!
I have a question I need money I am retired which way is better for me? Remortgage my home ask for a credit line on my equity or chip mortgage?
Hello there! If you are retired and have little income coming in, you may not qualify for a Refinance or a Credit Line. You will need to show how you intent to pay off the loan. A chip mortgage or reverse mortgage may be a better option for you. I don't know your financial situation. I would really recommend you talk to a financial advisor or someone you trust financially who knows your situation. Best of luck to you...and thanks for watching!!
I felt pressured into signing this contract. The lies from her began right after signing. She doesn’t even do showings.
Ugh...I am so sorry. The most powerful word in the english dictionary is the word NO. Please start using it with this realtor. When is your contract up?
Regarding contingency period….17 business days?.. or calendar days?
In California, we have 17 calendar days for the buyer to complete all their buyer's investigations. If that 17 date lands on a weekend or holiday, then the contingency date moves to the next business day. I would always try to negotiate shorter contingency periods.
@@AudraLambert thanks. I’m in NorCal. The current market is tricky. Every little detail is important. TY
@@Rikkcas Yes, my family is located in Northern California. Every area is different. I would just really investigate what is customary in your area. In my area, inventories are still so low that buyers are just thrilled to get a home. Best of luck to you...you'll do great.
Audra i just signed a sellers contract , the agent is a long time friend of the family and i did hesitated to sign all of those pages and i asked if he could leave them for me to read them before signing them but he acted uncomfortable so i just figured hes a friend he would not do me wrong . now i am faced with the task of doing a lot of extensive decluttering cleaning and repairing , i'm 78 years old with bad health issues and i cannot undertake this responsability , what do i do now ? HELP !!
Well, I would contact your agent and ask if they could help...because that's what long term friends of a family do for each other. If you already signed a contract, the agent is not required to help with preparing the house for sale. There are companies that can come to the house and help declutter and/or donate...this, of course, costs money. So sorry to hear about your health condition issues. Also, call in the troops, see if other friends and family can help. I can tell you are kind hearted and would hope they could help ya. I know this process is overwhelming. By the way, I don't like that your agent wouldn't leave the contract behind for you to read. Doesn't make me feel good for you. Wish I could be of more help.
@@AudraLambert update on my post , i had a heart to heart with my (agent-friend) and i ask him to cancel the contract with the understanding i would be responsible for any penalty and i'm very happy to tell you he told me no penalty was applicable , no advertising , photos or any expenses involved as this was just a few days ago , to say im extremely relieved is an understatement . i learned my lesson thank you sweetheart for your kind words . 💗
@@AudraLambert you got a new subscriber
@@eltacoyelpulque Ahhh...thanks!!
Can you recommend a listing agent for me. I'm in a northern suburb of Dallas, TX (Carrollton)?
Sure...just fill out this link and we will connect you: lambert.homes/referral
Do find the buyer will have a home inspection done even if you (the seller) present them with one you had completed?
Yes, the buyer usually still completes their own home inspection. There are usually no surprises because we already did ours and already made repairs.
❤
Ahhh...thanks!!
I have an escrow with my mortgage. What is the escrow you’re talking about?
Not sure where you are from, but in California we use escrow companies to process the sales transaction. Some states use attorneys and/or title.
Thank you for this video. This might be a dumb question, but why does seller pay buyers agent commission? The buyers agent isn't working on your behalf or in your best interest. It seems like you are paying someone to work against you.
Thats a very interesting question. There are lawsuits currently about this very topic. I will do an entire video on it. Bottom line, back in the day when there were no rules governing real estate (Before National Association of Realtors Existed) it was the wild wild west in Real Estate (much worse than today). The National Association of Realtors created guidelines and rules regarding how the real estate industry should be conducted. The sellers offering commission to both the buyer and listing agents was created for "Cooperating" purposes. Sellers wanted their house to be shown, some buyers can't afford representation, hence where we are today...but that is changing.
By the way I thought it was a 3 month contract & it’s 6 months. I hate it!!
Noooo...there is no such thing as a set listing term. Heck you can make it 1 day if you'd like. You can negotiate any length of term you want. I hate that too.
With 6% commissions, the answer is obvious.
You can always negotiate your commission...but try to find the best agent you can. Sometimes its worth paying an agent a full commission. However, 6% sounds like a lot...just saying.
Soon real estate agents will be lining up at Starbucks looking for work.
Laughing...I hear its not a bad place to work.
Don't do it I have my home for sale thevLLC ask about a rap around mortgage I said no no no I want my money up front
I agree...don't do it!!
Audra, your recent videos show a noticeable decline in video editing quality compared to the ones before.
Hmmm..thanks for the feedback.