11 MISTAKES…Buying a Home & How to Avoid Expensive Mistakes

[@veronicalee5937]

EXCELLENT!! I'm a Licensed Realtor and Real Estate Instructor in Pennsylvania and I love how you simplified all of this, especially for First Time Buyers.....

[@Bippityboppityboop]

My dad died when I was 19. This is the help I need in my life.

[@janetta5827]

All good and important info. I have been in title insurance for 30 years and your example would not be covered. However never purchase a property of any kind without an owners title insurance policy that covers you. Many believe since their lender is getting a lenders policy they too will be covered, no you will not. Many think if property is vacant land they don't need it, they do. If you aren't clear on what title insurance is speak with your title company directly they will be happy to answer all of your questions. Don't ask those questions of your realtor, your lender, your mortgage broker but the title company directly in odered to get accurate information.

[@hansd4861]

never assume anything! do you r research!! Wayne's 11 points are spot on

[@paratroopergirl4064]

I'm in Florida, and I was very interested in a house. I asked my REA if the house was in a flood zone. He said he was not required by Florida law to disclose that information. After further research, the house was in a flood zone, and I didn't buy it... YOU'RE FIRED! 😂

[@dnavarre635]

@@paratroopergirl4064 my broker will not allow me to show a flood zone property without having the client signing a document acknowledging they agree to see flood zone.

[@Valerie-bb5hi]

That is a lie.They are too required

[@executiveinvestments]

@@Valerie-bb5hi Its NOT a lie. REA's dont have to tell you anything. NOTHING. The homeowner needs to disclose if they are in a flood zone.

[@Valerie-bb5hi]

@executiveinvestments You're being technical bottom line.The realtor has to inform the buyer.The realtor has to get that information from somebody.Don't they?Which means the owner

[@luispineda8915]

Hi Wayne. I can tell the experience you have yes with this simple video , thank you very much to share with us . Bless you 🙏

[@SamMillerSells]

Wayne, The "As Is" info you provided will be SUPER helpful for a lot of people who had no idea that they could still have an inspection even though it was selling in "As Is" - Sam

[@executiveinvestments]

As is only means the seller wont fix anything. Thats all it means. If you assume you cant inspect the place, you are not that bright.

[@dnavarre635]

Mr Wayne, as a realtor I never miss your videos - it helps me keep up on my game and I share them with my clients.

[@patriotgrammy8632]

You’re a good realtor if you share that kind of information with your clients. Good for you.

[@ftoftheX]

Never have the seller fix your roof. Get your Own estimate and have them repair it.

[@xephael3485]

9:34 here's where I'll disagree or add to the conversation... *Do not worry about someone suing you for specific performance* on a real estate contract. Real estate agents and sellers will try to threaten you with this, and pressure you to close on a property. If a seller for example was withholding mineral rights even though it wasn't mentioned in the purchase contract, it could be argued that they had an intent to deceive on the land sale. If they do attempt to sue you for specific performance, the sale of the property is put on hold and hung up for however long it takes to be decided in the courts (which could actually be a few years). They're basically shooting themselves in the foot trying to get money from you for backing out of the contract. While contracts are important in real estate, they're often not worth the paper they're written on...

[@Coachat]

I agree.

[@executiveinvestments]

contracts are worth a lot. It just depends on how much someone wants to fight.

[@susansackrison3139]

We’ve never had a good inspector. Found lots of issues after the purchase.

[@VeronicaPerez-yz1ou]

My sister has the same problem

[@ronaldellis3229]

I've owned 3 homes previously. The home inspectors basically walked thru blindfolded. They were worthless. All 3 times upon selling the buyers inspectors came back with a laundry list of things needing fixing or replacement. WTH couldn't I have had better luck finding a reputable, qualified inspector with references ???

[@SteviusMaximus]

Wayne, you are the best! Thank you for all your advice, time, and videos!

[@zuster6962]

Concise and to the point. Awesome.

[@bryan6036]

Great Job Wayne.....you do fabulous on these videos!

[@Flem2fnbad]

Thanks Wayne . I appreciate you sharing your knowledge . As the father of a recent bride , I definitely took your advice ! I put pen to paper and wrote everything down . Should the day come when the kids are ready to buy their first house , I think we will be much more informed . Thank you sir .

[@DaliDelisca]

Inspection, a survey, get a copy of the survey Inspect well and the septic you need a letter saying it is working. You need that for the utility company. You need a title policy

[@executiveinvestments]

Well and septic letter does not apply in most states. The title company ALWAYS orders a survey with a policy.

[@texasindy2193]

Super thanks and God bless you. Preparing to buy my first house....

[@rm5902]

MANY. MANY. THX 4 GREAT INFORMATIVE VIDEO KEEP UP GREAT WORK

[@donnamcdowell4957]

Thank you very much for sharing your knowledge. I will learn from your videos . Hopefully I can find my first home this year!😊

[@BlueJaysFanOne]

Great stuff Wayne, thanks again.

[@yolie32228]

Excellent Advice!

[@singingwindrider9881]

Really appreciate your straightforward, no nonsense vids. 👍

[@TheRealWayneTurner]

Thank you!

[@sophiewallace8662]

My real estate agent lied to me about erosion.

[@Flaneusing]

I can tell how knowledgeable you are the second you opened your mouth :) subscribed now❕

[@SHEAR-JASHUB]

One tip, since I’ve gotten plenty of value in my hour worth of your videos. On my recent home buying process, I learned to ask the home inspector if they’ve inspected the home before. Turns out there was drama with the previous buyer and new repairs required 2yrs after the purchase that the previous buyer, now the seller-did not want to disclose or make. No deal.

[@executiveinvestments]

The seller does NOT have to disclose and repairs that need to be done. Its the buyers responsibility. And no deal? You can always negotiate for repairs. I call your comment BS.

[@Nonfiction.Reader]

Great information. Thanks.

[@margibaleztena81505]

Yes, inspect an as is property. A seller that doesn't allow an inspection may have liability if they know or should know something that they should have disclosed. As far as surveys, many properties that are older than 30 years, many counties didn't require property surveys to be recorded in their counties and were not recorded if they were done.

[@amazonkee74]

As always thank you for this great information.❤❤

[@SharonKim-kz8xx]

Thank you and God Bless you, Sir!!!! Love your videos!! Very helpful!!!👍🏻

[@birdlady2725]

I bought an old house that had an oil run boiler, but they also had a wood fired boiler attached. Did inspection on close, found that they took out the wood fired boiler. I didn't think they could take out something like that.

[@TheRealWayneTurner]

Doesn't sound like something that should have been removed, unless it was specified in the contract.

[@birdlady2725]

@@TheRealWayneTurner nope, it was not in the contract....

[@constant4534]

Thank you!

[@extendedp1]

Are there any good Home Warranty companies? We have had American Home Shield for about 15 years. At first they were great, but they keep getting worse and worse. Now they are terrible, and the contractors they send are terrible as well. The contractors have damaged our house, multiple times, and neither AHS nor the contractor would fix it. The contractors also will always find something extra that needs to be done, which AHS won’t cover, and is outrageously expensive. Do not ever get American Home shield, it is a scam.

[@corinasouthers9440]

Agree we had to drop them

[@adamlaframboise6796]

The current chapter I'm reading in real property valuation

[@perreality]

Appreciate the info Wayne. Great speaking voice, and easy to listen to.

[@VeronicaPerez-yz1ou]

Great video Sir

[@patriotgrammy8632]

My first time hearing you Wayne and I’ve subscribed to your channel. Some great tips and even though a lot of this I knew but I learned a lot of new things as well. Thank you so much and God bless you too. 😊🙏

[@TheRealWayneTurner]

Thanks and welcome

[@Jor-El-Earth1]

I stumbled upon this video. Would be helpful if you clarified where you are. Some things I can say from past experience are not the same depending on the state/county. However alot of good general info.

[@dnavarre635]

He's in Louisiana

[@Gtiger1109]

Great information thanks God bless you!

[@scottdelatte6871]

Good stuff

[@AntoinetteJohnson-i5y]

Thank you for the great advice

[@hansd4861]

most mineral rights have been sold a long time ago. but if available get them!

[@TheRealWayneTurner]

Depends on what part of the country you're in.

[@infoSeeker007]

Wayne I want to know how YOU can NOT 🚫 pay PROPERTY TAX. 🤔 What's the structure to set that up?? Also what's the best way to REMOVE or reduce the PROPERTY TAXES when buying a house sale. Let's say it's selling for $2 million dollars 💰 I offered $1.3 million for the house. THEN do a side deal with an INVOICE for $800,000 for all the furniture. The problem of course is the real estate COMMISSIONS that I believe YOU have to work out on the side as well. Therefore in the TAX ROLL records the house is now VALUED at $1.3 million because that was the SELLING price. Have you ever done a deal like that??? What would YOU recommend. ✅ I also heard that YOU do not have to pay PROPERTY TAX especially if it's 30,000 to $40,00 per year if you BUY it under a NON-PROFIT company PLEASE explain. Thanks 😀🦜 Alan Florida

[@TheRealWayneTurner]

Most counties/ parishes offer a homestead exemption for your primary residence, and disabled vets and seniors can freeze their taxes (so they don't increase), but I don't know a way to avoid property taxes completely

[@executiveinvestments]

lol. No you cant pay NO taxes. And you do know the title company and your contract ALL have the sale price right? But you are going to commit fraud to try and pay less taxes? Most states it goes by the assessed value. If I buy a house from a friend for $1 or get it through an estate from someone dying for free then I pay no tax right? lol. Maybe focus more on getting a job to pay for living expenses instead of spending time trying to commit a felony.

[@lisaboland9225]

Oh my goodness! Just found you today! Your awesome!

[@juliebarnett9812]

They change non-flood zone to flood-zone sometimes, too.

[@willbass2869]

No. It's not that simple or straightforward. That process takes years and involves many many public hearings. It's the US govt that determines flood zones

[@executiveinvestments]

@@willbass2869 lol You are delusional. The fema flood maps after hurricane Sandy were changed in less than a year. No public hearings are done.

[@JamesTrouten]

The love you share is great 👍👍

[@yeremy7144]

Great videos sir!!!

[@bobbil8069]

Very informative…thank you.

[@dlharris9406]

Great content! Thanks for sharing. I'm look at a few properties including raw land. Do you have a reccomended broker to work with in the Central Arkansas area?

[@TheRealWayneTurner]

Absolutely! Reach out to me www.wayneturner.com/buying

[@tangkimsruy8271]

After watching many videos on real estate, i found your advices are the best. thanks.

[@seonewport363]

great advice

[@MrHumbleSoul]

Great video!!! Subbed and liked!!!

[@TheRealWayneTurner]

Thanks for the sub!

[@gracegirl6399]

Wayne, my neighbor bought a 3B2B residential home and is making it into 3 seperate apartments. He did all the work himself, added walls, a kitchen, etc with no permits. What kinds of legal problems is he facing going forward? Bank that holds mortgage? Homeowners insurance? Etc…

[@WakieUppieYall]

@@gracegirl6399I don't think it's legal to put in multiple unit housing where it had been single family, as in cutting up a house. Do y'all?

[@singingwindrider9881]

​@@WakieUppieYall ..why would it not be legal? I've seen ppl do this many times.

[@sophiewallace8662]

Why are you worried about what your neighbor does. Not your business..

[@gracegirl6399]

@@sophiewallace8662 agreed, but it kind of is when there’s 6 cars in the street, 2 of which are continuously parked in front of my front yard and 1 directly across from my driveway so that everytime I try to back out I hafta try not to hit any of them. And, BTW I LIKE my neighbor and don’t want him to get in trouble where he gets sued by a renter bcuz something happens that was not done w/proper permits to begin with.

[@brandonroussell9552]

That house had 0 damage a few months ago. Previous homeowner did a doozy on that one. Graci ave

[@brandonroussell9552]

Whoever did the septic here left their pipe wrench in the lawn and when I cut the grass it about broke my Mower's deck

[@peronotec.7445]

Bro, your information on foreclosure is always helpful, but as I said, I would prefer to purchase a brand new house.

[@aubryhogan8790]

will you share tips on buying a house cash?

[@bestkitchenreviews6346]

What area is the "1996 disclosure" a law in? Federal, or state by state law?

[@Patricia-v7z]

Great video. How does one get a Title Policy if paying cash for the property? Where do they go and what is the procedure? Thanks.

[@MaryMoller-e9q]

Our inspection brought the price of the house down by $30,000. Always have an inspection.!

[@demarco3685]

I just followed you , thanks for sharing

[@mamat792]

What company do you use for warranty?

[@daleferguson1233]

Never buy HOAs

[@Anton43218]

Can't HOAs be dismantled?

[@billyoung8118]

Full disclosure: I'm not (and never have been) on an HOA board in any capacity. I have no income ties to any HOA - and also never have had income ties. However I do live in an HOA. Single family home, in a community with 1100 homes & townhomes. The HOA takes care of the snow plowing of the common area sidewalks in the entire neighborhood. It pays for the electricity of the street lights. It maintains all the lawns and playground equipment in the 3 main parks and numerous small green areas. It does maintenance (landscaping of flower beds, repairs of sprinkler systems for common areas, etc.) It also maintains exterior perimeter and common area fencing. I do not live in a part where my property touches any of the fencing maintained by the HOA, so I'm responsible for all my fencing. The HOA does no maintenance of my property whatsoever. It is all up to me. My HOA simply polices the neighborhood to enforce owners keep their properties up to community standards. We don't want any fluorescent painted properties. 2-ft tall weeds growing in the front yard. Christmas lights up all year. Broken down cars sitting in someone's lawn. Properties with half the paint peeling off. Junk yards in someone's backyard that are visible 5-ft above the fence. Because the HOA does very little work for us, they charge very little. My dues are $80 each quarter. About $30 of that goes to escrow for perimeter fence replacement every 20-25 years. Are HOAs perfect? Hell no. Is leaving a neighborhood up to the care that each individual homeowner/tenant would do on their own without enforcement perfect? Hell no. If you are ok with living next to the junkyard, falling apart, broken down cars on the front lawn, busted windows boarded up, 2-ft tall weeds instead of a front lawn, etc. home, good on you. But when it comes time to sell your house, you can look forward to buyers demanding $50,000-$100,000 price cuts because of that (even though your neighbor's issues are not your fault). Some HOAs are are intrusive, run by nothing but Karens. You can find countless videos of them on KZbin. But some aren't bad. I'm fortunate enough that I live in one that is not bad. I would not want to live without an HOA. In my state, all new build communities are required to have an HOA. It has been like this for at least 35 years. We've been in our house for nearly 30 years.

[@cardinep4213]

What company and how do you find a warranty company?

[@WakieUppieYall]

If you adjust your playback to 75, a slower rate, Wayne sounds normal and is easier to listen to. No offense, Wayne, but you have a rapid speech pattern. Thank you for all the info!

[@TheRealWayneTurner]

Sometimes I can't get the words out fast enough lol

[@WakieUppieYall]

@@TheRealWayneTurner because you're so intelligent:)

[@DerraKormino]

I recently sold my condo for $400k and i want to invest the money in the stock market. However, it appears the market is at an all-time high. Should I invest elsewhere or wait for a market correction?

[@amoreauMike-t6z]

The stock market is risky But staying on the sidelines is riskier. Missing the next bull run will be far more costly to your long-term wealth than getting in at the "right price". Consult a financial advisor if you're unsure how to proceed.

[@richardhudson1243]

You're right, I and a few Neighbours in Bel-Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 37% in the last quarter

[@JacobsErick-u8r]

Mind if I look up your advisor please? I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now

[@richardhudson1243]

I've been stuck with the popularly ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@LUCIASMITH-d1z]

Thank you for putting this out, it has rekindled the fire to my goal... was able to spot Melissa Terri Swayne after inputting her full name on the web, she seems highly professional with over a decades of experience

[@kylepopell3585]

Surveys can take 8 wks to 3 months to get done

[@TheRealWayneTurner]

It depends on the property

[@IrsergioI]

How do you look up liens ?

[@Mattytube18]

Do you have a comprehensive checklist that we can print out?

[@simongsmith]

10 Things You Need To Know About Land by Cheryl Sain (I bought this and is a great little book)

[@dawnnuday2261]

Great info. I just had an inspection done on a potential rental property. All the system including the roof are out dated. The HVAC is 15 years old but it still works. It has a tenant paying $1,000. Asking was $95k. I’m purchasing it for $90k. My concern is this may begin to break down like the HVAC, water heater, plumbing etc. The owners purchased the home for $61k. Last month and didn’t upgrade anything. I’m not sure if I should take a chance on this property or not. What do you think? It’s right at market value.

[@Halfflip]

Mr. Wayne I’m new to real estate and I like the idea of buying investment properties. My wife is an agent, do you recommend that I get a license as well? Thanks in advance.

[@jgwilliams67]

Property Disclosures are not required in caveat emptor states.

[@Christylynn.1]

I just subscribed ✔️

[@TheRealWayneTurner]

Thanks!

[@noerodriguez9047]

My big question where can you get a load to buy land ? Nobody wants to lend for land

[@epg423]

Nightmare!!! These fools don't understand value, fools!

[@LiveStockMarketOptions]

Hey , you should 100% try owner financed land. Just google that . Landwatch, land search I think has them. You can pay monthly . No background checks . Honest information for ya ! Hope that helps

[@JonnoPlays]

I hope my property comes with a whale one day 😅 🐳 (love your content, thanks for all you do)

[@qualitytouchpainter]

First minute looking at those old aluminum framed single pane glass windows encased in brick. No way, never mind, all the other out of date and code safety issues.

[@evalinawarne1337]

GOD BLESS YOU. LAND PATEN ??????

[@rickyreed48]

You are amazing, that God for your caring & loving spirit for helping people. God is more than please. I'm a veteran, looking for a place for my Prison Ministry. I'm currently looking to sale my and move into something much bigger. Love to talk to you plus I'm 100% Disabled

[@MikeJones-tx6iu]

Absolutely good stuff ✍️ !

[@fs3579]

how long is the warranty for for 800? you just said the condesser was about 900 so it is a wash and even if seller pays you could of got that money so buyer is paying.

[@smarternu]

Not all states require disclosures. You are always better of doing your own investigation.

[@PoetiqueMs]

Disclosures are great, but people can lie. It happened to us. You can't rely on their word alone.

[@Ysvnmnks]

So you can get a copy of the survey for only $2 and not have to pay the lawyers to do that when closing on a home?

[@jasonrobinson4924]

Someone correct me if im wrong my understanding of HOAS are that they are awful because its just one more bully telling you what you can and cant do with YOUR property?

[@elsasakai6468]

I want to buy in Iowa. That don’t need money down and don’t have to have a good credit score. Please send me where is in Iowa. Don’t how ?.

[@kastlight59]

Watch out for scammers in comments mentioning making thousands because of their financial guru

[@arevchick]

When we bought our first home the wooden blinds were taken out of every room.

[@lisat.8138]

Don’t let the seller fix anything! They will take the cheapest way out. Their mother’s friend’s uncle’s brother who is kinda handy, will do the repair! Reduce your offer and if you buy the house, hire a reputable, licensed professional.

[@TheRealWayneTurner]

We see that often.

[@talusranch990]

Property 26 times, way lower

[@user-kl2ss8zs1n]

🙏

[@peronotec.7445]

Wayne, A clean shave 🪒 and a delicious heavy hot chocolate 🫕 close to family members will clean up your noble spirit and make you even more prosperous and happy, please leave that sexy mustache.

[@uktea9610]

Even with the disclosure, they purposely leave out information...don't trust these. Realtors and sellers claim ignorance

[@ShoshanaBrand]

Everything will change after Jan 20th, including loans and the way we sell and buy houses.

[@alisjopapa9833]

Man talks 100 miles a minute

[@WakieUppieYall]

Way too fast

[@SpookyEng1]

You know you can slow down the playback speed?

[@MAD-DUKE]

I'm from California, thought his talk speed was normal and perfectly paced.

[@jgwilliams67]

You need to listen faster. 😅

[@SolidworksUnlimited]

I usually speed people up 😊

[@DeannaWillistonOFS-x5q]

Despite all the financial struggles I and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord

[@KanteHenry-yf1ug]

Hello 👋 how do you make such weekly?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.

[@DeannaWillistonOFS-x5q]

It's Elizabeth Regina nelsen doing she's changed my life. A BROKER- like her is what you need.

[@DanSawyer184]

Wow! I'm kind of in shock that you mentioned the expert, Elizabeth Regina Nelsen. What a coincidence!!

[@DanSawyer184]

I raised 47k and Elizabeth Regina nelsen is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Elizabeth R. nelsen is the kind of person one needs in his or her life! I got a home a good husband, and a beautiful daughter. Note: this is not a promotion but me trying to make a point that no natter what happens, always have faith and keep living!

[@KenHonda-w1i]

Elizabeth Regina has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of life's.

[@JETTSTACHI]

Great information. Thank you.