5 Things I Wish ALL Realtors Told Their Clients Before Going Under Contract

[@patriciaingraldi4719]

What a valuable interview. Well done!

[@Youcanthandlethetruth-n5b]

I had a great Realtor in NC. When I bought in a gated community in NC four years ago, the Realtor herself once lived there and played it straight about the HOA nasties and the fact that it wasn't a "friendly" community since people stayed to themselves and didn't mingle with the neighbors. While that was okay by me when I first moved in, it became the reasons why I ultimately sold, but I do appreciate the candor by the Realtor.

[@dougdorrer4622]

As a realtor, home inspector, and seller, there are several things I don't do when selling personal property. I don't accept home sale contingencies. I don't want to be a domino in the train if one sale in the line fails. I sell as-is and welcome a home inspection. No repairs, dont ask. I hold the buyer to the closing date in the contract. Any lender delay is on the buyer, its a contract performance issue and loss of EM. They can pay another fee to extend the contract, but I wont sign an extension without a nonrefundable payment. I ask for a high EM deposit and limit the financing contingency. If a buyer just wont pay a higher rate versus being approved for a loan, that is not a failure to finance. Same for insurability contingencies. Just because a buyer cant find a reasonable insurance premium does not make the property uninsurable. This is true on coastal properties. Finally, the following are not considered when selling: assignment contracts, 1031 exchanges, any loan that requires the seller pay for repairs (The VA used to do this), wholesale investors, short-term lease with a purchase balloon payment.

[@waterbug1135]

I've flipped homes for 22 years and have always told buyers they can back out at any time up until the keys drop in their hands and get their earnest money back. I've only heard a few cases of sellers hiring a lawyer to get that earnest money because escrow won't release it unless both parties agree. And those cases were nightmares that no one won. For regular SFH I sure wouldn't go to court, tie up my property for months so may as well tell that to the buyers upfront and make it a perk for them.

[@amyhayslettrealtor1901]

I had a buyer wanting a pool and the sewer line went through the middle of the small backyard. Skipped that house but also had his pool builder come out to checkout the yard on the one he did buy.

[@damon-burton]

Great advice for real estate agents. Explaining restrictions, improvements, due diligence, contingencies, and backtack closings is crucial for clients. It helps them make informed decisions. Thanks for sharing.

[@TheRealEstateLawyer]

100%

[@damon-burton]

@@TheRealEstateLawyer Keep it up.

[@FLHometownAgent]

I tell ALL my Buyers this. BEST info❤❤❤❤

[@TheRealEstateLawyer]

Awsome!

[@hendersonvillerealestate]

What? All agents do not explain these things to buyers? Everything on Leila's list is part of my pre-due diligence.

[@TheRealEstateLawyer]

You'd be surprised..

[@TheModularDiver]

What would you consider to be a minimum, ideal, and maximum amount of due diligence tine?

[@phisicoloco]

For Ironland!

[@standinkler5356]

No selling present home or financing contingency in the standard form? Is messed up. It's part of buying a home so I would think should be included as well as inspections.. I sense the real estate investors and flippers and driving the market structure and policy. More reason it's difficult to buy and people are stuck renting. Normal folk do not have buckets of money to pay out, or can take financial risks like investors or businesses that have construction crews on staff. Just me venting.

[@karibernd7648]

Assist Ironland 🙏

[@levans3447]

I've bought five homes and had only one good realtor

[@JaapdenDulk]

Please assistent Ironland!!!!

[@nickholland7402]

Please assist Ironland!

[@ForTransformation]

1. Restrictions 2. Due Diligence fee, earnest money deposit 3. Contingencies 4. Recordings, back-to-back recordings 5. Back-to-back closings, the entire process of your real estate transactions

[@lovedavis7376]

Please make a IRONLAND video

[@RyanWebber]

Already did

[@lovedavis7376]

@@RyanWebber oh my bad I didn't see in ur videos

[@thekirbster7048]

PLEASE HELP IRONLAND

[@7SideWays]

After contingencies the EMD has gone hard, not just 'gone'.

[@MikeBlatt-z9z]

I'm a broker and tell all my clients before signing a contract and then tell them several times throughout the process. Let's face it, they forget!

[@daviddale2570]

CC&Rs shouldnt even exist unless there is a leasehold. Otherwise its unconstitutional. The covenant or agreement would apply to you and you yourself would be liable for not keeping the agreement. But that means as soon as somone takes you to court you simply declare that you have a right to do with your property what you please, and they shouldnt have any enforcement since they cant compel you to do things to your own property. So there shouldnt be any enforcement in the first place. It shouldnt even exist. It was probably just rich landowner corruption of the justice system that allowed this in the first place.

[@SussyNade]

please assist ironland

[@nikobellic9768]

iron land we want iron land

[@johnmackey3937]

9/4/2024 What do you think of a condo management company suddenly asking for the last 5 years of income instead of the original 2 years and 5 years of employment when I have written on the application I was already retired 3 years, this is in a 55+community. Management company claimed concerns of me affording an increase in maintenance in January 2025.