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Making an Offer


Episode number 10 of the Steven Tyler show is kickoff now a common is in response their Steven Tyler isn’t a very good with the you get more lessons on the sound board ESA touchscreens not well the sky like not sitting flat the mix a little harder paint steel your talk about Tulsa mortgage loans  in the other stellar mortgages like Columbia more tulsa mortgage loans company mortgage you, springboard elements mortgage Alamosa mortgage Pueblo mortgage Farmington mortgage New Mexico mortgage Oklahoma mortgage Colorado mortgage Missouri tulsa mortgage loans yellow doing all those mortgage things they should know it was our topic today Tyler are talking about what happens after you make an offer a house that’s a really good question Kevin regarding branches in Texas yet but we are very close we are very close we will have office in Texas so what happens after you make an farmhouse are what are three things that could possibly happen when you’re making opera house of the seller is you are going to accept your offer or counter who are offer with a could not counter they can be so offended by your low offer that they could not even a counter yet they can say see if they could say not happen denied I need someone house just not to you are not Sonnier with your lowball offer you a be careful and once all terms are agreed upon everyone’s going to sign the contract genocide up set up what else in the buyer right to check for earnest money everybody be asking what’s earnest money Solgar that here second two so I Tyler so here’s the deal sellers asking them to her 50,000 sugarhouse and I one offer to and my realtors like that is not a very good offer Castel submitted you can do think there to accept it you know unless you submit while exactly messaging does your realtor have an obligation to submit any offer that you are want to make yesterday okay so if you want to make a lowball offer even if we think is a could happen your realtor still has to submit the offer and then the seller can counter accept or take a jump in the lake and I’ve had both happen fact there’s one on the disclosed last month that made an offer so low that the seller refused to counter and then the buyer had come back and make a new offer they can even like see where the seller was to come back at so but you don’t you want I mean the research make sure your realtor does your research make you don’t text and drive vision be a new rule it’s called no texting and podcasting because I when asked our question and minute he’s got both took some awards host told her that I want cheeseburgers for dinner and that’s how I storytime or trying to podcast so very key word was about that Tyler immediately on the Steven Tyler show sticker show immediately hears storytime and has that story to button on the soundboard so sorry about that folks so once had the band fans on what appeared they disclose on the house job aired Pam good to see on here on Facebook life they so once the terms are agreed upon every signs how Tyler everybody electronically like they can do electronically is that risky money more just easier January has a psychotic that’s a very good point because lots of times we get contracts from your realtor and note the precise it or the seller has inside and what good is a contract that is inside by the person selling the property think that the contract actually it’s nothing is what it is that it’s a piece of paper so the does meaning the Exodus make sure that everybody signs of the of the offer accepted in writing by the seller before you mess with anyone else and staff wyvern is on there somewhere but I think she’s on an old live video she doesn’t know that were live on this nice so Steph come to this light what the mechanics so okay so then the pirate servers like and I’m good make it very clear point here airbag set out a face for radio thanks Eric through a nice of you to have your loans arty closing funded drug tonight just getting our new that so the Byron to check for earnest money writes a check what they
want to check Tyler because we can document the check we got a document earnest money to field approval where again, are notable quotable comfortable today for him and I googled for those on Facebook that Mrs. but it’s pretty good he talked about Google so always run a personal check for your own account do not get a cashiers check do not use cash for your earnest money why Tyler we can’t track Caterers – Are working from Are working Can check I had some alone time with the biological anomalies my goal for my earnest money in my number on Michael how can I prove that it’s your gold they said I could take a picture of it in the AL by getting a picture of it I like what I was saying we’re saying we’re all of it now that the peculiar cash or your goal but as a work anymore so when you write a check it clears your bag I can prove that you have the money Alligood stuff so just make sure that you run a check for your money make sure that that you make sure that the seller accepts the contract in writing because otherwise you to be in trouble and let’s talk about making offers what say you’re I’m calling this a mystic statistic will is about the bust and a highly is missed it so close and so here’s the thing is this a good idea this is a question type is a good idea to make a lowball offer on a short sale or foreclosure tough Tyler says no I agree especially especially if you are doing a specific table you don’t of used in a little unit below I have a couple right I’m I’m doing statistics this story comes into Guinness. It’s time and for all all the above steps disaster question on Facebook over you what credit score do you have have to have to qualify cobalt 2:5 can you please retype that KO a bill I have divided our usability so footage of the story and yes we can do FHA VA someone’s like that down to 580 credits were now so with other conditions so making a lowball offer is a good idea because writing hand-in-hand with the Joneses because they did a contract on and they do you not think they think a good deal on it it wasn’t like they totally lowball the bank but the they got an appraisal the inspections and what happened inspections were back really how bad $40,000 goal $40,000 in repairs a lot of younger he had listed a escrow holdback for the repairs of dirty new order to be there but through their inspection process 500 are appraisal later $500 inspection later thousand box they found out that they want the house and so you really take a risk and to boot they would be in a house right now I look great people not we do to be determined rhodamine their prevent top but they waited from the beginning of March to the beginning at about the middle of April before they’ve got the signed contract from the seller from the bank to come a month in like a week just to get the contract that’s how long it took just saying that’s how long it took Tyler you go to month and then it’s in another two weeks get the perfect inspections you know it’s defensive literally got like 45 or 60 days wasted on Houston Iowa we should probably mention that the fact that I contract in a month on a short sale that’s actually a short time that is genuine running short about a short sale that’s right to just be aware that we are make an offer they looking for sexy thing going on right now here’s what sexy besides the sexy issue what you want the sexy thing right now to everybody’s like I’m getting the house that’s a foreclosure, to get a good deal on thank you to you because not all that study shows that are out there on HDTV that say you can buy a house with 300,000 make for 500 and it just you know of forcefully doesn’t always work out like that oh we just we lost her face with people we reconnected so Happy to say that so make sure that if you’re going to make an offer on a short sale or foreclosure that you know what loan program you are using and you know the condition of the property so you can make sure that it does actually call if I for the loan program that you are trying to do because otherwise you want to be in a little bit of pain
when you find out that your stroke and checks for ill like appraisals and maybe inspections only to find out that you can’t buy that house him it would be people dislike that was in my ears so let’s let’s let’s go on to action steps Tyler oh actions him him Kevin current is asking he’s my other brother from another mother from them the Celtics is area and he’s asking what is an acceptable bid below a certain price provided the kitchen commission the properties good 510% you I think a house is worth what someone is willing to pay for it so I think you need to have your realtor pull comparables in the neighborhood of houses there like an age size and condition so that you can determine what a good offer is obviously when you walk into a car lot you don’t just pay sticker price for younger Scalia looks good so you need to come to determine based on what other houses of so for the area recently what a good offer is because just because the seller listed for 200 dozen ants work that the probability so by owner they have Artie talked to realtor the realtor told any lesser house for 200 they say you’re crazy for 220 50 so that and then you come in and make an offer to 20 think in your in the houses that you go to do your research you got a at every realtor that’s what’s important to have a good realtor that can negotiate a bulldog negotiating on your behalf not just okay let’s make right on is good deals of the outdated domain you can buy house a lot cheaper than maybe one is listed for some is a lot of factors look into the other good realtor Linda look at those things on the house on the market is it overpriced no such so yeah just you got a be informed Kevin you just got a be informed do your research because there’s lots of ways that you can research and demand that your dad calls the current and that’s and demand that your realtor give you a comparative market analysis on the neighborhood so that you can make sure the offer your making is legit doesn’t matter what they listed at really doesn’t because people are crazy about what they think their house is worth putting me in a real so no real thinker also work more than actually the pipedream 211 it’s a it’s a dream it storytime is Travis subject and Travis Szilagyi on he’s a client base watch and buddy good to see a on Facebook anyway so that’s we started with with with that action step you know about when you’re when you make an offer but I think I skipped that lets making sure that you understand the contract and the loan type that you’re doing before you make an offer Because if you don’t then you can count to get things messed up like I had a couple that didn’t understand loan program and an interest in a closing cost and so when they made their offer they didn’t ask for the seller pantyhose across when they don’t have the closing cost and put them at a disadvantage because now they’ve agreed to price and now they’re coming back asking for closing cost rebate asked what if you get an inspection and then you find out once you move and the plumbing etc. is bad tough cookie homey you inspectors only as good as the time that he inspects it and the outer I get homework hope that it covers that I don’t know if it does to be because appliances but by an ape of any kind property or anything you got a just do your due diligence in and do your inspection and understand how long are getting understand what would contractor getting into you know that though again was of this before the largest financial transaction also make their life is buying a house it’s a don’t take it lightly do your research inspector property) inspector you can take your best friend your mom your dad never been a call for an upgrade a house you want to just to make sure that the issues if there are are revealed get inspections were regular appraisal blowhole podcast on Wikimedia inspection and how it’s different than an appraisal but for now talk about what happens after you make the offer so Tyree For me the sellers know what you accept a counter or ignore you the
category is your offer crap secondly whatever happened all the terms are agreed upon everyone in a sign the contract is right and then what else is The bars and write a check your to write a check for money because that is your I’m serious about this contract money your check in order to cash either cashiers check your rights require counts of its to to track it and that we know the pictures and that’s working from and then you’re always make sure that if your make an offer on any kind how some our work houses that you understand the market you understand words that you understand what it’s worth your realtor has done some type of analysis to determine what your offers to be you know what loan program you’re doing you know the condition of the property you know that whether it’s likely that its capacity inspection and making sure that you understand the contractor get into making sure that you get your inspections that’s where our podcast is about today thanks for listening Steve current the Steven Tyler show we do Tulsa mortgage loans what’s are the website*subparts rather get cold Kate OL will only 08 11 a way of IFI 80 To five Tonawanda company Steve current to knuckle decimate the current for all you live viewers on the guns so don’t forget to check us out if you’re in the Columbia Missouri Kobe tulsa mortgage loans call Springs mortgage in Alamosa mortgage Bible tulsa mortgage loans and maybe even a Farmington more southern New Mexico check it out guys and they soliciting will be back very soon with our next episode of our podcast that will be working on this week thanks for watching if you watch online and they soliciting and Tyler Wiberg Steven Tyler show is off see