If a Home Seller Does This, LEAVE IMMEDIATELY | 3 RED FLAGS

[@Lovesapuzzle]

My tip - if the inspection reveals problems, adjust your offer to compensate for YOUR contractor to make the repairs. Don't agree to allow the seller to fix things. They will do the minimum as cheaply as possible. You will likely end up fixing their fix.

[@margaretames6522]

Unless your inspector overlooks important faults.

[@Lovesapuzzle]

@@margaretames6522 It is important to hire an inspector that will do a thorough job.

[@JerryPinkas]

Great tip! It's always better to have your own contractor handle the repairs to ensure quality work. Thanks for sharing your insights here on this channel.

[@ednamac5186]

It would have to match my contractors deal before I would approve this. I sold my house to a nickel and penny pincher. I finally threatened to back out. Then they shut up

[@Lovesapuzzle]

@@ednamac5186 It is a negotiation that cuts both ways.

[@annsalty5615]

Do not buy where there is a home owner association, if possible. If buying on a private road, be careful. Have a lawyer review all recorded documents, title, easements, etc. if you have no experience. But do not expect a seller will tell you about neighbor issues. Instead, see if you can contact others in the neighborhood. They might have something to say, but keep it confidential and not share it with the sellers or your agent. For sure, take a good look at the neighborhood at minimum.

[@JerryPinkas]

You’ve made some excellent points! It’s always wise to do your homework and gather as much information as possible before making a big decision like buying a home.

[@s99614]

Never buy a flip.

[@JerryPinkas]

Thanks for sharing your experience with others here on this channel. Truly appreciate you watching and commenting. It’s always better to do your research before making any purchases.

[@jer1776]

Unless they sell it to you at a loss lol

[@JerryPinkas]

@@jer1776 that’s a good point

[@Lovesapuzzle]

If they floor is covered with LVP, run.

[@rod1147]

Tell the agent not to use air freshener. It may conceal a serious aroma, such as a destroyed carpet from an indoor dog that peed everywhere.

[@stickyfox]

My property had 11" of asphalt paving encroaching from the adjacent lot. The owner got ready to sell it, and had the parking/driveway repaved. When the crew showed up to do the work, I met them and asked if they could kindly stop 11" short of where the old pavement was, and today there's no encroachment. If you're patient you can sometimes fix these problems with just a few minutes of conversation. Sometimes.

[@JerryPinkas]

It’s amazing how a simple conversation can lead to such a positive outcome! Communication really is key in resolving property issues. Thanks for sharing your story here on this channel for other to see and thank you for taking the time to watch and comment. Hope your having a great day!

[@TheYangnyin]

Buyers agents keep applying pressure.. ticks me off. They're supposed to represent my interests not their pay.

[@JerryPinkas]

I completely understand your frustration. But it sound like you may have the wrong buyers agent! You need onw that is Working For You! It’s essential for buyers agents to prioritize your interests above all else. Communication is key! Thanks for watching and commenting. Truly appreciate sharing your story with others here on this channel.

[@selenacordeiro1458]

It’s true! My husband and I luckily found a very good, patient and honest realtor. (Well as honest as they can be lol). I recommend him to everyone

[@Keeper0fmyHEART]

So back in 2010, I offered on a house that had been on the market for over 6 months with several price drops. The day I walked through, the husband was there, taking the for sale sign down and a Rental agreement on the table. So we put in a lower then ask8ng offer by around 10 grand. Their counter offer was to increase the asking price by 15 grand. I walked. They came back to us 2 weeks later with the amount of asking, but I was over it by then. It's too funny that the house was later on the hud sel list for 18 grand total price. Their greed cost them big time.

[@JerryPinkas]

Wow, what a story! It’s amazing how some sellers can miss the mark when it comes to pricing their homes. You definitely made the right call walking away!

[@amylou868]

High end appliances seem to have a track record of performing poorly. I’d much rather buy a home where the appliances haven’t been updated in years. And perhaps, sellers are trying to recoup by not lowering their price because they paid buckets of money for them. And for me, if a home has multiple plug in air fresheners, I pass completely. They are so toxic, and the molecules stick to everything, even in the duct lines. They should be banned. That is just my 2 cents.

[@JerryPinkas]

I completely understand your perspective! It's interesting how high-end appliances can sometimes disappoint. And yes, those plug-in air fresheners can be more harmful than most people realize. Thanks for sharing your thoughts!

[@bjjohnson4418]

My parents built a home in the late 80's and I was playing pool in the living room and it started raining pretty heavy and rain started to come in the front of the fireplace so my Dad got on the roof and tarped it the house had many problems! A few years ago we sold my Grandparents home built in 1962 they were the second owners in 1964 and they always took care of their home when little things would arise so yes few owners and pride of owner ship means a lot. These lipstick flips scare me as someone looking to buy.

[@JerryPinkas]

It sounds like you've had quite the experience with your family's homes! I completely understand your concerns about lipstick flips. It's important to find a place that feels solid and well cared for.

[@tastx3142]

I have listened to years of ‘improvements’ by neighbors with daily noise on weekends and holidays by contractors who don’t respect those of us living adjacent to the property. One has improved the house with the previous 2 owners spending hundreds of thousands of dollars yet they ignored the 35 year old wooden picket fence that has missing or rotting boards. The house just sold and they haven’t moved in yet but a repairman was already working on the spa on the deck. The owners spent 4 years of work but never used anything that existed. I just am praying it’s not for short term rentals. The house had 2 decks added with no permits and an unfinished basement converted to a living space and advertised with the larger square footage but the tax assessor calculates the price based on the original square footage, forcing the price to rise on mine and others who have not changed anything but light bulbs. I’m tired of seeing quality materials being ripped out and replaced with MDF items. It’s a vicious cycle but it also is making the taxes on my home unaffordable.

[@JerryPinkas]

I completely understand your frustration. It can be incredibly challenging to deal with constant noise and changes in the neighborhood, especially when it affects your property value. Hopefully, the new owners will bring some positive changes!

[@len2972]

I have a neighbor like this too.

[@maryd253]

Never would I buy a flipped house or new development house

[@JerryPinkas]

Totally get where you’re coming from! There are so many other options out there, it’s all about finding the right fit for you!

[@jeancurrie1862]

Thank you for all the good advice! 🏠

[@JerryPinkas]

Advice is like pizza - it’s best when shared! 🍕 Glad you enjoyed it! I truly appreciate your support and glad you are enjoying these helpful videos. See you in the next one!

[@lindawilson4625]

Have a buyer's agent and a good inspector. You can't stress this enough :-) Thanks!

[@JerryPinkas]

Absolutely! Having a GOOD and reliable buyer's agent and a thorough inspector can make all the difference in the home-buying process. Thanks for sharing your thoughts! And thank you so much for taking the time to watch and comment here on this channel!

[@goldenparachute392]

How does it work now? The buyer pays for the buyer’s agent during closing? What if the seller provides for buyer’s agent fees when they list the property?

[@JerryPinkas]

@@goldenparachute392 that’s the way it’s been happening around here. Sellers still wanna sell their homes and many are willing to pay the buyers agent compensation. But every situation is different if you need help finding the local real estate expert where you live just give my office a call and I can hook you guys up.

[@lindawilson4625]

@@goldenparachute392 As I understand it-All of the above. It will work any way you want it to work. Confusing as all get out, but that's how it is now.

[@annsalty5615]

Do not rely on your agent connecting with a good inspector. Find your own independently. Remember that all agents are just trying to get the sale to go thru and the buyer is their least concern. Inspectors are often untrustworthy.

[@lastephen8017]

At 7% interest rates today, that due diligence has a whole new meaning.

[@JerryPinkas]

Absolutely! With interest rates at 7%, it’s crucial to really dig deep into our research and understand our financial decisions better than ever.

[@carefulconsumer8682]

Thank you. Hard to find a good home inspector.

[@JerryPinkas]

I totally understand! Finding a reliable home inspector can be quite challenging. I'm glad you found the video helpful!

[@MegaRose1958]

Great info. 😊😊😊 Thanks for sharing Mr. Pinkas.

[@JerryPinkas]

Thank you so much for your kind words! I appreciate your support and I'm thrilled you enjoyed the content! See you in the next video!

[@lindayoungwoolf]

In my neighborhood. some houses sell every 4 -5 years. I live by a University and opposed to renting monthly they will purchase a house for the duration of getting their degree

[@JerryPinkas]

That's an interesting observation! It definitely makes sense for parents or students to invest in a home while pursuing their degrees, especially with the housing market in mind.

[@Lourdes-A.]

You always have very useful information, Jerry. There’s always something new to learn even for someone like me who’s owned a few houses throughout the years. I like the way you present your content: you go right to the point without wasting time talking about irrelevant things. 👍🏻 👍🏻 👍🏻

[@JerryPinkas]

Appreciate it! I just try to keep it real and save you from the boring stuff. Glad you’re finding it helpful! See you in the next video

[@petrotmyrcz308]

Yet another must watch video about real estate. Great work Jerry.

[@JerryPinkas]

Thanks for the kind words! I'm glad you found the video valuable. Real estate is such an important topic and I am glad to share my 20 years of experience and knowledge. Thank you so much for taking the time to watch and to comment here on this channel! Hope you having a great day

[@jer1776]

Really good stuff. I follow a lot of Real Estate channels and I learned a lot from this.

[@JerryPinkas]

@@jer1776 I truly appreciate you taking the time to watch and to comment here on this channel. I’m glad you’re enjoying all these videos. I’m doing them to be helpful and I’m glad that you appreciate them. Hope you’re having a great day.

[@HellenAdemisoye-n4s]

My buyer agent always support the sellers to the point he makes me lose two houses after I spend so much money on the property. I think I’m going to go with another agent that will have my interest and work for me. I really like this video

[@JerryPinkas]

I'm sorry to hear about your experience! Finding the right agent who truly has your best interests at heart is so important. Best of luck with your search!

[@Reed-2big]

The rules have supposedly changed for the better -- not sure they’re fixed though.

[@markgoodsmith7229]

Excellent video Jerry. Thank you!

[@JerryPinkas]

I'm glad you enjoyed the video! Your support means a lot to me. Thanks for watching and commenting here on this channel

[@pm2886]

This is utterly nonsensical advice. First, an established house does NOT come with a warranty, and thus "as is" is the legal defaul And as is means exactly what it says. As found BY THE BUYER and the buyer's inspector. Not a repaired or renovated version - but exactly as found. IOW no renumeration for "repairs". An established house does NOT have to meet any standard, because there is no standard to meet when it's not a new build. Further, all sales of established property are CAVEAT EMPTOR. Meaning the seller is not obliged to answer any questions - period. It also means the whole responsibility of identifying issues, is on the buyer. Finally, the buyer should not have any access to the seller. All contact and communication is via the agent and the buyer's and seller's respective attorneys. The buyer therefore has no opportunity to "ask questions". Sellers need to ensure that they're never exposed to buyers, for this and other reasons. Your listing agent SHOULD be professional enough to prevent buyers and sellers meeting. It's a serious breach of security ethics to fail on that point. Once again ... AS IS is the legal default for all sales of established (no warranty) houses. It's not a special condition or unusual case. And it specifically excludes "repairs" or discounts in lieu of repairs.

[@JerryPinkas]

Thank you for sharing your perspective! I don't practice law, but it sounds like your an attorney? Real estate can be quite complex, and it's important to understand the specifics of "as is" sales. Thanks for taking the time to watch and comment here on this channel. See you in the next video.

[@pm2886]

@@JerryPinkas You're welcome. I get hot under the collar when I see incorrect advise, because it seems as though many Americans are already clueless when it comes to things like "as is" and "caveat emptor" .. both legal defaults in the sale of properties without warranties. They seem to think "as is" is some kind of unusual status - used only by those with bad properties or looking for quick (under market value) sales. Neither is remotely true - again because ALL properties which aren't new builds are as is. The failure to understand that is what leads naive buyers to think they can demand changes to the property at the seller's expense (or discounts in lieu). And naive sellers think they have to play that game too. Sellers also think they have to answer questions .. when they absolutely do not - and should not! That's where caveat emptor comes in. It's 100% on the buyer to find out what they want to know, via their own investigations. They can try asking (via their own attorney) the seller questions, but few sellers' attorneys will allow their client to respond. My point is that all this is well understood in most countries. My suspicion is that Americans are deliberately being kept ignorant of these basics of universal property law. Whether that's because they've been convinced they don't need to use attorneys when they buy or sell, or because parasites like buyers agents are involved .. who knows. Either way, it's a remarkably clueless market.

[@gigi9301]

I would not care to answer questions about neighbors because that could be subjective and I can only verify my own placce, not the neneighbors

[@JerryPinkas]

That is a good point! Thanks for watching and commenting here

[@karenstrain1152]

Quick ownership changes? Like septic system problems?

[@JerryPinkas]

Yes, quick ownership changes can definitely feel like facing unexpected septic system issues-both can be a bit messy and complicated! Thanks for sharing your story and for watching and commenting here on this channel!

[@user-yp7be3vz2e]

I didn't inspect this house I have now and found out it would have been healthier to be honeless

[@JerryPinkas]

Thank you for sharing your story! It’s a valuable reminder for everyone to do their due diligence before making such a big commitment. Thanks for watching/

[@user-yp7be3vz2e]

@JerryPinkas hopefully lots of folk can learn vicariously instead of having direct experience.

[@ti8966]

Lost in space reference ❤

[@JerryPinkas]

Thanks for pointing that out! I love when viewers catch those references; it makes the content even more enjoyable!

[@dbanka471]

Great advice…..

[@JerryPinkas]

I'm glad you found the advice helpful! It's always great to share tips and tricks.

[@robertmarcum3917]

Why is the image of the person on the Promo not the same as the person who shows up when you open???????????

[@JerryPinkas]

Well, Its me....with glasses and a jacket! :) Thanks for watching and commenting.

[@Englishsubthai]

This is really educated information for home buyers with helpful details I have ever seen. Thank you for sharing 😊👍 Awesome

[@JerryPinkas]

Thank you so much for your kind words! It means a lot to know that the content is making a difference for home buyers. I truly thank you for taking the time to watch and comment here on this channel. See you in the next video!

[@PatamaGomutbutra]

Houses are being manipulated as speculative assets - this will not end well.

[@JerryPinkas]

@@PatamaGomutbutra everyone needs a home and a place to live. Usually that’s what’s driving in the marketplace. Thanks for taking the time to watch and to comment here on this channel. Truly appreciate you doing so.

[@Lovesapuzzle]

True. I think that is why it is so hard for normal buyers to find a house. Speculators with cash in their deep pockets are out bidding and buying properties as-is. Seller are taking the path of least resistance. 10 years ago, homes in our neighborhood topped out at $500K. Today they are at $I Million and rising.

[@pm2886]

@@Lovesapuzzle On the contrary, investors are often easier to beat because they have a very firm 'final offer'. I attend a lot of auctions (houses usually sell by auction here), and ordinary individuals beat investors regularly. This idea that investors always win, is really nonsense. Your money is just as good as theirs. Make a good offer, and you'll get the house. The seller doesn't care who you are.

[@Lovesapuzzle]

@@pm2886 Our housing markets are very different. Here, houses sell above asking price within days of being listed. Investors buy most of them. They will match the high bid, take the house as is, are very flexible with the closing date and pay cash. It's the path of least resistance for the seller. Some sellers refuse to sell to investors so the investors have gotten sneaky. They send in a "buyer" to front for them. We haven't had a house sold at auction for years if not decades. Our market is simply too hot.

[@viralsheddingzombie5324]

If I am asked about my neighbors, I always say they're a-holes.

[@deborahlozano7134]

Why?

[@JerryPinkas]

It sounds like you've had some interesting experiences with your neighbors! Communication can really make a difference, though.

[@JerryPinkas]

Thanks for watching and commenting

[@karenstrain1152]

😂😂😂

[@MrPeterschmit]

Hey Jerry, love your channel. Im hoping you can help me figure out what I need to do. I did a lot of plumbing and electrical work in my then new house that I probably should have pulled a permit for. Now it's 28 years later. If and when I sell, how will this affect my value and what do I need to disclose?

[@JerryPinkas]

Thanks for reaching out! It's important to disclose any unpermitted work when selling your home. It might affect your home's value, so consulting the local real estate expert could help you navigate this situation more smoothly. It's not all bad. Just depends on what type of work and the extent of that work. Hope this helps. If you need help finding the local expert in your area, feel free to give our office a call 843-839-9870 let them know what town you live in and we will connect you with the expert. Hope you having a fantastic day! Thanks for watching and commenting.

[@MrPeterschmit]

@@JerryPinkas Thank you very much for your helpful response. That tells me what I need to know.

[@JerryPinkas]

@@MrPeterschmit@MrPeterschmit You are welcome! Always here to help. Its hard to keep up with all the replies, make helpful videos here on KZbin and at the same timehelp customers here at the office...but just know...That is what my team and I love to do. Be helpful :) See you in the next video!

[@pm2886]

The problem with disclosing ANYTHING outside mandated reportables like asbestos and termites, is that it leaves you open to potential issues. Remember that the onus is on the buyer to discover things which they might consider a problem. Further, a huge percentage of older houses have non-permitted work. Grandfathering happens all the time. Given your work was done around 30 years ago, standards and regulations will have changed a lot. It's basically too long ago to be relevant. Don't make it seem relevant by 'declaring' it. Caveat Emptor is the default .. let that be so.

[@MrPeterschmit]

@pm2886 Thank you very much for your response.

[@anthonyurbanski7030]

Thank you Jerry.

[@JerryPinkas]

You're very welcome! I appreciate your support and glad to have you here!