DON'T Do THIS At The Closing Table!

[@sebfl]

Excellent information! Many of the issues that can come up can be avoided if the lender and realtor communicates the details timely, and the borrower follows instructions. Great info!

[@JustaGuy_Gaming]

So only a few minutes in but them laughing about their buyers not knowing what to do when they are the hired expert to help them in the process kind of seems like a you problem. It honestly raises questions of why even get a real estate agent in the first place if they aren't even on your side of the discussion. Never mind the fact they get paid based on commission in most cases, always pushing for faster closes and the highest amounts possible instead of the least. It's like going into court with two Prosecutors and no defense attorney.

[@AbNomal621]

So… your thinking the real estate agent should know banking details? They might, or not.

[@JustaGuy_Gaming]

@@AbNomal621 Just saying if your hiring some one to help you close a deal on a home you'd expect them to know more than you about something. And if it's a common problem as they complain about, you know advise their clients to do so. Not talk snidely behind their backs after they fail to do so and complain about wasting their time.

[@n-da-bunka2650]

@@JustaGuy_Gaming The details that are shared in this video are aspects outside of the attorney and while an agent SHOULD be there to help buyers and sellers, there are often things that the clients do NOT tell their agents which is what most of this episode is about so...

[@n-da-bunka2650]

Good content and good to see a local sharing these insights. We lived in Skybrook for 21 years prior to selling last year and buying a place on Mountain Island Lake. Reviewed every bit of the paperwork the night before and worked directly with each transaction. We ran into an issue with our wire transfer a day or two ahead of closing but got it all worked out ahead of time with no issues. Sold our home to a lovely newly married couple (their 2nd marriage for each). We LOVED that home and do miss the custom touches and all the changes we had made to it over those years raising our kids there but it went to a new family with young girls who will now get to raise them in a great place.

[@Fire-Sign-Sag]

Do you recommend a company that tells you what you need to clear in credit and how much to save to buy a house? Im ready to be committed.

[@aliceallen34]

Thank you for this information. I close on December 6th this year, and my bank is out of state. I will call them to make sure I'm able to wire the funds without having to go to the actual branch.

[@scaryarab7682]

Please assist iron land

[@CanadianRealEstateChannel]

Thanks for sharing these insights!

[@mikesveganlife4359]

One thing i will share. The folks here doing this is thier job. They do this many times a day. And they are often dealing people who are dealing with this the very first time in thier life. But do they share theses tips with thier clients? Do they share this weeks, months before this meeting? Or just the day before? No shade but communication can be better on all sides.

[@eldridge201]

Agreed and that is something that I'm sure a lot of listeners would "assume" the these agents are requesting from their clients however, for all we as commenters know, they actually don't prepare their clients for these things. If nothing else, they could easily refer them to this video for future clients although actually, as one person pointed out in their own comment, to this video could be perceived as them (the people or agents in this video) being condescending, belittling, or rude towards potential clients if a client wants to perceive it that way. I don't totally disagree with the other person that this video did come off a smidge snarky towards clients for not knowing some of these things.

[@TheRealEstateLawyer]

Neither of us are agents. We’re real estate attorneys that only see the clients on the day of closing.

[@eldridge201]

@@TheRealEstateLawyer regardless of what your actual "title" is, are you missing the point here? I think you are based on your response so, I'll help you and repeat it since you apparently missed it. The "typical" person or "people" requesting your services are likely first time home buyers. I hope that doesn't need explaining as to why that is. As such, the "typical" person needing your services isn't going to know that they NEED to have X,Y, or Z prepared PRIOR TO MEETING WITH YOU so the transaction/transition can go smoothly UNLESS they have this information already (which is probably unlikely). Why would they have this information? Is it because they did a lot of research so they actually are aware that they need to do what you suggested in this video? Why would they do that? They just want to buy a house. I'm not saying I agree with it or that it's "right" however, the sad reality is, the majority of people just don't do their research/homework prior to doing a lot of things in their life. Not to steer completely off the rails here but just to give you one pretty big example, how many couples do you think actually sit down and THOROUGHLY discuss how they envision their life to be going forward (together) PRIOR to getting married? I'm not talking about just simply discussing whether they want kids and they both say "yes" and they discuss how many kids and one says "a lot" while the other says "maybe a few" which doesn't actually give an answer. But, maybe they both agree that it could be between 3 and 5 and they accept any number in that range so all is good. Here is the catchy part...do you think they discuss how they feel they would handle things if they could only have 1? What if it were none? Then what? Or, on the flip side, what if they had the 4th one and they decided to "try" to have one more and they end up having twins or triplets so, now they have too many? Then what? Or, what if it's all boys and they wanted a mix or they wanted all girls or vice versa and neither of them got what they "hoped" for? Or, drumroll.......what if one of their kids ends up being mentally or physically "different" so one of their children needs an extreme amount of medical care that is extremely expensive? Or, what if it's 2 or 3 of them or all of them? Could they handle that situation emotionally? What the hell is the point of talking about this before marriage and how it relates to this discussion? Well, because while most couples likely discuss whether they want to have kids and although they get past the yes or no part and hopefully at least discuss how many they want, I think there are a lot of couples that don't get much more in depth than that even though they should. They don't get into the "nitty gritty" and actually discuss how they would handle things if there was a mentally or physically "different" child in their family. Couples get divorced over things like this. I know of a father/husband that committed suicide and had a couple "different" kids. I think there were more variables than just that to be fair but I think that was a big one. Heck, there are a lot of couples that had no idea that their spouse wanted 7 or 8 kids. They just heard "a lot" and "assumed" they meant 3 or 4 which is far off of 7 or 8 obviously. But, unfortunately they are 2 kids into a 3 or 4 year marriage at this point and the wife only wants 1 or 2 more. Now what?. A lot of couples have "assumptions" that they know what their significant other may want but they don't really know. Point is, couples often don't do their "research" prior to marriage. People in general don't do a lot of research on things. So, do you think your clients are going to have the information they need prior to meeting with you? As was pointed out by some of the comments, the likely answer is simply no. And so, this is why "some" people are saying that it could be taken as a bit belittling or snarky because the way you discuss it in the video "could" come off that way. You are the professional (or at least you are supposed to be) that they are relying on to guide them and educate them to be aware of things that the "typical" person meeting with you would not know. So, are you going to take a proactive approach to the situation (which is what I think most people would think you should be doing) and giving your potential clients or actual clients a checklist of SPECIFIC THINGS that they need to have done PRIOR to meeting with you or, are you going to take a reactive approach and waste everyone's time and money? You have the knowledge of your expectations of your clients. If you are not providing them with this info by being transparent prior to meeting with them, who's at fault for not being prepared?

[@TheRealEstateLawyer]

@@eldridge201 actually way less than half are first time homebuyers

[@curiosity19]

Thank you :)

[@sterlingsmith-oc6gx]

Iron land

[@EinsteinPanda]

Never hire women realestate agents. They only care about how fat their commission will be, not how much saving they can get for their clients. They don't know what Loyalty means, that's why they divorce 70% of the time.

[@gloriawoods9848]

My female real estate agent is actually on my side. She has saved me thousands by being aggressive for me.