Three Rookie Mistakes to Avoid During Escrow!

[@drksdofthmoon]

I'm one year out of buying my first home. Your videos continue to boost my confidance to pull the trigger. Keep them coming.

[@ashleycanas2080]

Good job for doing your research!!! It’s been 1 year, have you got your house yet?

[@drksdofthmoon]

@@ashleycanas2080 sure did. New built. 2500 sq ft. $310k. Loving it.

[@crizvee7247]

If im the buyer and put down earnest money but my lender adds to the original mortgage abd loan can i get my earnest money back?

[@charleswiley6129]

@@crizvee7247 you would probably need to try and find a different lender your earnest money is promising you will make the purchase if the lender doesn’t move fwd with the loan then you will get it back but I don’t think they will allow you to back out with earnest money because the loan estimate was higher than you want

[@sam10818]

I am trying to wire the funds to the escrow. I got the bank details on the email. Since email frauds are on rise, what precautions should I take? Should I wire a little amount first and confirm from the closing attorney if they received it and then wire the bigger amount later?

[@MrBuckaroo2014]

Closing on my first house in 3 weeks. My anxiety level just went through the roof!

[@brianwisdom6826]

I feel you. In the same boat right now as well!

[@samueltexeira2734]

Good luck!!!!

[@Emophilosophy]

I hope he got that roof fixed before he closer

[@Emophilosophy]

I hope he got that roof fixed before he closed

[@lehighvalleyhomeguidebysta4812]

I absolutely love your honesty! I'm in the business also and enjoy watching your videos because you touch on real scenarios and topics many don't think of. Keep up the great work!

[@333payaso]

Hi Javier, can you do a video on "Sell as is" and another about buying the house from a bank............thanks

[@brittanycarmen4525]

Going though escrow now. This helps! My husband and I love all your videos. Thank you so much for taking the time to make these.

[@MichaelChoi]

I wish I found this video three years ago, I made a home inspection mistake and not investigating further. I"m about to buy another one I'd be sure not to repeat the same costly mistakes!! Thanks for the awesome content you are truly inspirational!

[@Scharnagle]

I'm in escrow now. We have inspection on Wednesday this week. This was very helpful thanks!

[@LP2488]

Did you close on this house? How'd it go after the inspection?

[@renanuneza8932]

Great input Javier! I’m in escrow right now and the seller is working on fixing lots of issues on the house and also some termite damage they promised to fix as well and we only have 1 week left of escrow. I’m glad I watched this video I’ll be making sure I read loan docs and all those charges carefully!

[@erik472]

Love the channel. So much info im a preapproved 1st timer looking for a home and these videos i watch to train like Rocky when he went to Russia to Fight Drago!!!

[@robby95036]

Your videos have the best music as you're wrapping up!

[@poeticstud101]

You gave me so much great information when it came time to buy my home thank you and keep up the great work youe helping so many people!

[@themortgageminute6382]

That’s awesome man I’m a mortgage banker in Phoenix Arizona! It’s awesome to have someone else in the industry on KZbin in Arizona, great content to!

[@steelrarebit7387]

If I don't let the spider bite me, how will I know whether it's radioactive or not?

[@joannfagen4457]

Excellent advice, stay positive, understand the numbers and every one wins.

[@samuelleanos]

Loved that Donkey Kong ending lol. Thanks for your info!

[@MsLanny9]

I had no clue! thank you for this

[@Amanda-pf2tn]

I love watching your videos even though I'm in Canada and your talking about the USA. You explain things very well. I've been looking for videos on pros and cons on buying a new build home vs. Lived in home, also ready to move in new home vs. New homes not build yet. And would like to hear you talk about the difference between free hold town house, regular town house, regular house I think that's called detached house, and condos. There are Pros and cons for all. I assume that a new free hold town house that has not been build yet is the most cost effective purchase when looking to save money and avoid extra fees.

[@riggsmurtah2788]

loving the knowledge these are things that should be taught in high school. Any tips on how to deal with closing cost like how to negotiate with the seller on closing cost or like take out a loan, grants, available special programs?

[@duglasjohel]

One question? Im about to get house Everything is being smooth, Escrow deposit I did at the beginning Home inspection 👏 Appraisal No conditions 👏 Loan approved 👏 Last week I received an email that they want to change escrow to put the money in a diferent escrow so I signed again since last Thursday, when they received the money to the new escrow they should email me that the money is new escrow, right?

[@robertl6711]

LOL @2:45 "If you find crickets or something crazy like that"

[@EngineeringDept-WarriorTribe]

NO FIRST BUYER HAS A CLUE OF WHAT'S GOING ON AT ESCROW !! LOL...

[@jejo9863]

Like me 😭😆

[@96ej]

Not a single damn person I know gave me a heads about escrow.

[@the-bu3lb]

Yep totally agree. It’s almost like this your agent doesn’t find you shit your calling her or him saying I found this and I found that can u make an appointment ect. Then you finally get the offer. Excepted after 50 try’s 😢. They don’t get back to you till they need shit. Your clueless and u don’t even know if your getting ripped off.

[@guerreroalma12]

So true 😫

[@MattyMcCritic]

Thats the favorite customer to have.

[@theresamomolu1193]

I'm in a Escrow period. Regarding ur story you just made reference to. If I was encounter anything like that ,what do I do? Do I just end the contract?

[@Luis-eh2dp]

Is it a cheaper just a fumigate the house after you buy it just to get rid of any Infestation?

[@angleazero1275]

Great video!

[@IvyWinter]

As first time buyers in the next 6 months (we're currently doing town tours and think we've found the area!) this is so helpful. Plus it helps your end music is donkey kong ;)

[@Millennialmaiden]

Sorry if this is a stupid question, but can your home loan cover the closing costs if the house is appraised for less than what it is worth and the seller ends up bringing down the price? Thank you!

[@AGENT-dl2lu]

No

[@AGENT-dl2lu]

You can ask for seller to pay towards closing tho

[@fenix310]

I close in soon and I’m driving my real estate agent crazy with questions 😂

[@jejo9863]

I just closed last week, trust me i was worse!🤣🤦‍♀️🤷‍♀️

[@jejo9863]

@@WCAMStudios it went great! It appraised the exact price and all.

[@brnjones9]

OMGosh on that realtor. The audacity! Thanks again for another great video.

[@kay22100]

I would've wanted to fight that realtor LOL.

[@JavyVidana]

😅

[@rickavila3659]

Thank you Javier your videos are helping me to buy my fists home yes I’m one of those crazy people buying a house now with this crazy times I might regret it but in my situation is time to move on

[@ZussieMakesit]

Wow! I am a new Real Estate agent but everything is very strict with Escrow, my Broker is super professional and we are not allowed to add charges like that, everything is in writing and previously discussed with my clients. Your story sounds so crazy, very sad to hear that!

[@aprilynnmycorey]

Great video love the donkey Kong theme music at the end!

[@k.b.s4703]

I am ahead of schedule it's been 6 days and I did earnest same day offer was accepted nd inspections were done 2 days ago and submitted same day. We have til June 10 to close.. there is tenants living there. So I will own my house and thenats will still be there they want to move June 30🙃 I feel so weird about this. Is this common?

[@maxprado9030]

Fantastic information My dude. Can you talk about the process on how you got in real estate?

[@JavyVidana]

Yup! Have a video about that already. kzbin.info/www/bejne/r57Jp4uDmZWpmLM

[@maxprado9030]

Javier Vidana - thank you Javi !

[@bjf5151]

When in the days of the week do houses get listed? Is there a website that shows upcoming houses?

[@granfalloons]

So helpful! Glad to see it was someone from my home state!

[@mariamiranda4499]

Javier, I have escrow and every year they raise my monthly payments Dont understand, are they going to raise every year the monthly payment???🤔😱

[@1mz0qpal]

Hey thanks for the content. I have a question on how to proceed. Currently my father is in charge of the mortgage and I saw he has a high int. Rate and we're going to refinance with a lower rate. HOWEVER, my concern is about the appraisal. We plan on fixing the house but aren't sure to do this before the appraisal as we may end up having to pay more for the house. Should we wait to do the home remodeling after the appraisal?

[@griselgarcia3677]

Is the appraisal usually after the 10 day option period ?

[@Shaylahrsm]

Thank you for sharing!

[@pigstiches]

Points for the triforce and clap trap.

[@ghostface-x5e]

hehe i dig the dkc acoustic ost at the end. ty for helping, from one millennial to another.

[@michealashley61]

Are escrow account limited to home purchase and if not what are over areas of purchase does it extend to.

[@bellgirlamy]

Is it normal for sellers to pay the home warranty and closing costs? My parents are buying a house and currently going through escrow and looks like my parents will be paying all the costs

[@s99614]

Only in a buyer's market, and even then only some of the time.

[@seaglass6771]

My realtor paid the home warranty as a surprise gift to me🎁

[@tonyj5791]

Hey Javier one thing that happened to me was at title in 2010 they asked me to sign for like 15 to 20 names that supposedly were associate it to me I didn’t want to but they made me, The only thing I recall right at that time that I seen these names come up would be when I would get some advertisement in the mail with my name slightly off by a letter a word or the whole name should I have not signed?

[@wabisabi84]

I'm new to buying a house. Does the inspection part applies to a new built home?

[@Ramanhere468]

Yes! You want to make sure eeveuthing is up to code and everything is in working order and liveable.

[@hothotheat3000]

Think of escrow like you’re dating the house. You’re not married to it yet. You need to do your due diligence before you put a ring on it.

[@tspfull]

Just used this analogy with my husband.

[@lampshade5449]

Wow. That’s a great way to look at it 👍 thanks

[@Landonmoto39]

As someone who is currently buying a house, this is absolutely the best way to describe escrow

[@mariafitts]

I haven’t sign the final documents and I’m already in tears, I feel like I’m being lied to, please help me, give me some advice

[@roleyondawrist3077]

I just closed on my house couple days ago . How did everything go for you ?? I know the stress I hope everything goes ok!

[@slothman6696]

thank you

[@anyhowe2702]

I have had a mortgage for 15 yrs and I am paying escrow, $26 a month, is this correct.

[@kennethrussell1158]

I'll try this one more time, Question: Again. "For first time buyers, What is better? Credit Union or Morgage Company?

[@TheRealVivia]

I’m still waiting for the answer.

[@DarknessFalls29]

It is suggested to get quotes from a broker, credit union (if you belong to one) and a retail bank. Then, go to with the offer that's best for you.

[@Ashefamilyhomesandhuddles]

In escrow if the client has a purchase agreement with the escrow instructions in place if they want you to make last min change can you do that or is that a breach

[@BecomingBossMom]

So I'm in the last week of escrow and we deposited about 5 thousand dollars a few days before putting an offer. We were told the cash can not be used but yet we have proof of having withdrawn 20 thousand back in march. Would they deny my loan due to that?

[@JavyVidana]

Contact your lender ASAP

[@usa5046]

This was a great and informative video

[@rochelleraquel4504]

What part of AZ do you serve?

[@inabrillo9195]

Great advices

[@techworld-kc6lt]

Best advice for the hard earned money

[@mariafitts]

Another great video. Thank you

[@Giancuffaro230]

If there happen to be something "Weird" in the papers you are signing, what happens? Do you stop everything or just red line it ?

[@jordana4936]

Red line it and come back to it, that’s IF they don’t fix it up to your original agreement on the spot. And if they don’t fix it, then say cya later fuckers

[@tylerdurden3618]

Lol not in today's market, houses selling 2 hours after they are listed! No contingencies! 🤷🏻‍♂️

[@Dontez82]

Your videos are great!

[@mariafitts]

Javier what the heck is going on , I’ve been in escrow for almost two months. I’m six days away from two months

[@tbjorn7374]

We didn't find out until signing that we were getting a rental property and had to deal with the renters!!

[@MDMoreDamage]

Wow

[@jordana4936]

When you inspected it was the house empty of all furniture and household belongings??? If it had that in it then you are stupid.. but if not then they are scammers

[@illlDCllli]

@@jordana4936 There would still be furniture & household belongings if it was the owner, so no that wouldn't work.

[@DarknessFalls29]

@@jordana4936 Furniture in the house has nothing to do with it. And what's with the name calling?! Small brains you have there.

[@tspfull]

Isn’t that a violation of the disclosures?

[@super-momrn156]

Who typically pay for the realtor tuition?

[@roslandali1903]

Can you get a refund from escrow?

[@vivekjavangula4998]

We’ll said

[@duckmann5000]

Really Great Video

[@HenrickMathieu]

Bro the Donkey Kong song at the end wtf hahaha

[@alexh5894]

Yall remember when you could go back and forth on price of a home? like three years ago...

[@aftech7268]

If the appraisal is 10k below the selling price! offer the seller that they Pay all closing cost -you will paying $10,000 upfront to lower their selling price to the appraised price! Also make sure to have an escape clause to get your Ernest money back incase the seller wont negotiation

[@prietita96]

I love your videos! I need help. What is the difference of using down payment assistance with FHA loan vs down payment assistance with Conventional?

[@the-bu3lb]

If closing costs are 2 to 3 % how come on a 230,000 home closing cost are 13-15,000

[@duglasjohel]

It’s weird but that what they charge I’m buying a $460k Im spending about 32k

[@7thMoose]

I’m looking to buy a home and just got my offer accepted. My wife and I signed the executed contract. I believe attorney review starts two days from now. But we’ve realized this isn’t a property we want based on some local comparisons and some tactics the seller attempted during the negotiations. Can we seamlessly walk away from the deal? We haven’t sent any money in yet. Note: Thanks for posting such an informative video!

[@springfever2002]

My wife and I just started the escrow process. There are four times you can get out of escrow: counter offer, inspection, appraisal, and before 21 days of escrow opening. So yes, you can get out within 21 days. After 21 days, you lose your deposit

[@piinocchiio5730]

what would happen if you put in at 60k and got accepted and then during escrow it gets appraised at 90k ? I am sorry if this is confusing

[@David.D3]

Sale is at 60k. However seller may breach contract since its 50% higher appraisal according to your example

[@abilezm5745]

Automatic equity of 30k. A deal.

[@EngineeringDept-WarriorTribe]

THE REALITY IS A FIRST HOME BUYER HAS ZERO LEVERAGE IN MOST CASES... YOUR LUCKY YOU GOT A LOAN IN THE FIRST PLACE... IT'S SAD BUT ITS REALITY !! THAT'S WHY EVERYONE HAS A HAND IN THEIR POCKET, FACTS !!

[@carolyoung3444]

I know this was a video one year old. But I felt the market you are in is so different from the housing market I am in. Housing market is very local. Many of the things mentioned here do not apply.

[@illlDCllli]

what things don't apply? True markets are different, but things like escrow are ubiquitous.

[@AmethystLime]

I'm so sorry, when I opened you video, the ad that came up with is favor of the trump wall. If you have a way to block it (the ad), that would be awesome. Wishing you good things though

[@JavyVidana]

Ads are based on the demographic and watched videos of the viewer (everyone vgeta different ads) we don’t have control of that. Trump is most likely targeting your demographic. I get a lot of investor, food delivery, and video game ads.

[@AmethystLime]

@@JavyVidana hahaha he's probably trying for ammunition against my demographic, Le sigh, politics... Glad to hear that it's not on you!! I usually get new apartment buildings, financial management, and healthcare, ahaha Hope the rest of your day is great!

[@nanope773]

y'all are selling unrealistic expectations! Everything is only what the individual has decided it is....Money is only used as something of value because people are brainwashed into believing it has any value at all! lol...buyers expect a perfect (how they want it) house and sellers want the most return! lol... meanwhile realtors, inspectors, brokers, escrow, originators...all get paid for doing very little actual work, no risk, minimum stress, for huge returns soooo they're winning!

[@XxRaDerPoint]

Crying over $800 lol

[@kennethrussell1158]

No answer? Well I'm done.

[@JavyVidana]

What????

[@Da_Crow]

he has dark knuckles