Another hidden cost that I forgot to mention in the video is the cost to dewinterize a property or turn the utilities back on for the home inspection. This is common on Bank-Owned properties, homes are winterized to avoid freezing pipes and a lot of times utilities are not turned back on prior to listing. So if you want to conduct a proper home inspection during your escrow period, taking care of this and the cost to do so, is going to all on you as the buyer.
Thanks for watching! Sorry the sound was a bit soft. I can't change this video now that it's up but I will make sure and avid this going forward. Thanks!
Not necessarily, as a Seller's agent I have attended inspections in the past at the request of my seller, but it is not required and not standard practice, at least not in Central New Jersey. I believe its best to allow the buyers, the buyers agent and the inspector to have there own time at the property during the home inspection with a seller or their representative hovering over them. However, it is the sellers property and they have a right to be there if they choose to.
If the home is "as is", can I lower down the asking price since the seller technically doesn't want to fix any major repairs, let's say the house is 340k can I lower down like 10k or 20k or down to 300k, when I submitan offer, because I don't want to take a chance if I'm stuck fixing the repair or repairs
I totally understand you concern. It really is going to depend on the market. If you market is more of a Buyers market, you hold all the negotiating cards and I would certainly advise my client to bid a lower price if they have to agree to take on repairs. If you market is more of a Sellers market (Which is seems to be everywhere right now) then the Seller holds all the negotiating cards and in those cases, you probably aren't going to get the price down. In a Sellers market that we are having right now, buyers are paying above asking and taking homes as-is. Understand what's happening in your market by talking with a local real estate agent expert. Good luck and make the best decision for yourself in the end. :)
Yes, thank you. Unfortunately I can not edit the audio on existing vides but I know this is something I need to work on. I am very new to video editing and learning a lot everyday. Hopefully it will only get better from here. Have a wonderful day!
Another hidden cost that I forgot to mention in the video is the cost to dewinterize a property or turn the utilities back on for the home inspection. This is common on Bank-Owned properties, homes are winterized to avoid freezing pipes and a lot of times utilities are not turned back on prior to listing. So if you want to conduct a proper home inspection during your escrow period, taking care of this and the cost to do so, is going to all on you as the buyer.
Great video Sam.
Can you fix the audio. It is kind of soft! Thanks again for the great information!
Thanks for watching! Sorry the sound was a bit soft. I can't change this video now that it's up but I will make sure and avid this going forward. Thanks!
She needs a mic. It just sounds like your far away
Thanks for the video!
Glad you enjoyed it!
Thanks for the info now I really understand the term as is
Is it true that in New Jersey the seller’s agent is always at the home inspection
Not necessarily, as a Seller's agent I have attended inspections in the past at the request of my seller, but it is not required and not standard practice, at least not in Central New Jersey. I believe its best to allow the buyers, the buyers agent and the inspector to have there own time at the property during the home inspection with a seller or their representative hovering over them. However, it is the sellers property and they have a right to be there if they choose to.
If the home is "as is", can I lower down the asking price since the seller technically doesn't want to fix any major repairs, let's say the house is 340k can I lower down like 10k or 20k or down to 300k, when I submitan offer, because I don't want to take a chance if I'm stuck fixing the repair or repairs
I totally understand you concern. It really is going to depend on the market. If you market is more of a Buyers market, you hold all the negotiating cards and I would certainly advise my client to bid a lower price if they have to agree to take on repairs. If you market is more of a Sellers market (Which is seems to be everywhere right now) then the Seller holds all the negotiating cards and in those cases, you probably aren't going to get the price down. In a Sellers market that we are having right now, buyers are paying above asking and taking homes as-is. Understand what's happening in your market by talking with a local real estate agent expert. Good luck and make the best decision for yourself in the end. :)
You need a mic
I think as is buyer are scammers, they want something for nothing
Fix the audio????? nothing wrong with it.
Thanks!!!
@@SamanthaPearlman You are welcome );
Please youtube how to edit ur audio cuz it sucks and trust me u will get more views with a nice clean audio
Yes, thank you. Unfortunately I can not edit the audio on existing vides but I know this is something I need to work on. I am very new to video editing and learning a lot everyday. Hopefully it will only get better from here. Have a wonderful day!