YOU NEED TO KNOW THESE TERMS..in a real estate purchase contract! Audra Lambert 2024

Real Estate Terms you need to know in a Real Estate Purchase Contract.
This video discusses terms you need to know when purchasing or selling a property. Don't get paralyzed with paperwork hell. Take control of the process. Watch this video!
Questions you need to know when making or accepting a purchase offer (download this sheet):
lambert.homes/...
What not to say to a Contractor video:
• Never Say this to a Ge...
Interview Questions to ask a Listing agent (top 13 Questions):
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Video on interviewing a listing agent: • Interview Questions fo...
Interview Questions to ask a Buyer's Agent (Check List):
lambert.homes/...
Video on interviewing a Buyer's agent:
• Questions To Ask Your ...
Showing a property video:
• Tips for Showing a Pro...
Staging your home Checklist:
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Avoid a Bad Home Inspection Checklist:
lambertgroupho...
Showing a property video:
• Tips for Showing a Pro...
💰 HOME VALUATION: hmbt.co/TaWy3g
If you are considering moving or selling your property in Orange County, don’t hesitate in reaching out to me.
For more information visit www.LambertGrou... or give me a call at [phone]
💁‍♀️ My name is Audra Lambert. I am a realtor in Orange County, California. I have over 20 years experience! I lived in this area most of my life. I love what I do and Love where I live! Please reach out to me with any of your questions.
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This is not legal advice, nor can I give you legal advice Sorry! Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Nothing here should be construed to form and attorney client relationship. Audra Lambert with the Lambert Group does not render or offer to render personalized investment advice, tax advice, or real estate investment advice. The information provided is for informational purposes only.
CONTACT INFO
Audra Lambert, Lambert Group Homes
📞 949.697.2232
💌 [e-mail]
🖥 www. LambertGroupHomes.com
👉🏾 DRE#01909872
👋 LET’S CONNECT
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🧡 Subscribe to my youtube channel: / @audralambert
#CARealEstate #CARealtor #CARealEstateAgent #Realtor #Homeownership #House #Homebuyers #Mortgage #San Juan Capistrano #SanJuanCapistranoRealtor #SJCrealtor #OrangeCounty #LivinginSanJuanCapistrano #MovingtoOC #audralambert #movingtosanjuancapistrano #toprealtorinSanJuan

[@steveclark8162]

Audra, I've been watching your videos on KZbin for the past month or so. You do an absolutely incredible job in giving potential home buyers or sellers all of the important information (and insights) they should know before getting involved in probably the most important transaction of their life. Content is fantastic, and mixed with a little bit of humor and IT enhancements, keeps your audience engaged. Well done! Thanks for being an advocate for truth & transparency in the complex world of real estate sales and service. 😊

[@AudraLambert]

Wow...thank you so much. That really touches my heart. So glad I am helping.

[@audiophileman7047]

Well said! I must agree!! 👍👍👍

[@Boddissatva]

I like how you tell it straight. Keep it simple but know all the answers to their questions. Thank you

[@SiriusGoddess555]

I used to be a Realtor in California. I always create a calendar in Excel for my clients showing Al related dates.

[@stephanie7351]

Hi Audra! I dont think this video was boring at all! You are so informative. I always look forward to the next video. I was just pre approved and now have a plan for next March when my lease is up. I need your videos and the list more than ever. I'm feeling more prepared and motivated because of your videos. Thank you so much!!😊

[@ChrisMalfaIIX-k9b]

Audra, I had my popcorn in a striped box and my soda. Needed my notebook and a pen for this one. Thank you.

[@AudraLambert]

Ahhhh...Love that!! Glad I can add some value.

[@aazv23]

Another OUTSTANDING video, with important and very much needed info. I'm getting ready to sell my house (Miami,Fl) and putting everything together to start with the process. I have watched your videos multiple times. I want to Thank You⚘️for the time and energy that you have invested in these great video productions. Keep it up.... God Bless You

[@Tubalcane_6.8]

Great content, very valuable information. It seems many buyers / sellers are not as informed as they should be, you should instruct CE courses, you have much to offer your profession

[@AudraLambert]

Ahhh...thanks so much. I am flattered.

[@sheriharader2566]

Audra, You really do a fantastic job of educating us on real estate trans actions! Will there be a quiz on Friday?? 😅 Sincerely, my thanks! As always, great job! ❤

[@AudraLambert]

I love the quiz idea!! You are so very welcome!!

[@bonniesmith4958]

Love this type of content! The non-lawyer in me is totally nerding-out on this kind of data. I would love to hear just a KZbin video of your horror stories in your real estate experience. Of course, names and locations are changed for privacy, blah blah blah….

[@kathrynbaker5188]

This was such a valuable video. Now I know why it’s so important to hire an experienced and detail oriented agent. Thanks Audra!

[@AudraLambert]

So glad you got value out of this video. People really need to know this stuff:)

[@quercusrubra777]

You are a terrific communicator, Audra. Keep up the good work.

[@AudraLambert]

Oh wow! Thank you so much.

[@kt6332]

Thank you. You give me all the answers to the questions I have no clue to ask!

[@AudraLambert]

I am so glad!! So thrilled I can help.

[@deborahpappas7334]

So much great information I always get my notebook ready before watching. Thank you for all these videos ❤

[@AudraLambert]

Ahh..that means the world to me.

[@LeslieG-h9v]

Can a lender release information to you regarding the buyer's qualifications? I didn't think they could legally but maybe it is different in each state.

[@terryk1260]

For a video that you warned was going to be really boring, this was both entertaining and enlightening. Cheers from a Canadian getting ready to sell! 😊

[@tomlo4755]

Thank you for doing this video. It is very informative especially on the contingent.

[@AudraLambert]

Yah...those contingency periods are important to understand. Glad you got some value.

[@donnasimonds4215]

Love your information Audra, you’re helping me sell my house in every way!!!❤❤❤

[@LeslieG-h9v]

Is there a rule of thumb on the amount of earnest money? A percentage of sales price? Or a customary amount based on your state/location?

[@karenwood8124]

I love your videos, especially when you put the little 'funnies' in the upper right corner. Sometimes, I make my husband come look at them! On a side note: i hate vanilla candles!!

[@AudraLambert]

I hear ya on the vanilla. Apparently vanilla is the most well liked scent.

[@stevestattel2339]

great info! Not able to download the purchase offer questions.

[@terryk1260]

Same. After clicking submit, it just kept spinning and spinning.

[@audiophileman7047]

If you keep making such excellent videos, you'll have to start a fan club. 👍👍👍👍👍

[@CMe828]

Audra , You have done an amazing video that informs AND entertains. Thank you.

[@AudraLambert]

So glad you liked it. Thanks so much for your comment.

[@kathrynp7595]

Thanks for these great explanations 👍🏼

[@AudraLambert]

You are so very welcome. Happy to help.

[@larryberry2436]

Wow, thanks for the real estate course. Great information as always.

[@AudraLambert]

Yah...you are so welcome.

[@MaddieBr]

Audra, you are the best! I wish I could afford to move back to OC!

[@AudraLambert]

Ahh..thank you. OC is a very nice place to live. It is expensive though:)

[@richarddeocio]

Such good info and well presented. Thanks Audra!

[@AudraLambert]

You are so very welcome. Thank you for the compliment.

[@havasuqt]

Hi Audra- what it means by - buyer investigation of property condition? Is this part real estate buying of buying & selling?

[@hardworkingamerican8847]

This information you share is really helpful as we are buying a property at the moment .

[@AudraLambert]

Oh good! Best of luck to you. You will do great!!

[@ladikmk]

Nothing at all boring about this video Audra. I downloaded the information sheet you provided, so thank you for that. I do have a question. On one of your previous videos you provided the Redfin website where you can pull up marketing info, etc. for your specific city. I checked that out for mine. I'm preparing my house to sell, and doing the majority of work myself so it's taking longer than I estimated. Because of that, I'm just not sure whether I should sell now when interest rates are currently 8% and the selling season is beginning to slow down. If YOU have a Seller who doesn't HAVE to sell right now but is preparing to do so, would you advise them to hold off until after the elections (first of the year) and perhaps interest rates will come down to a lower rate, which would definitely create more offers? I live in one of the top property markets in US for 2024. Please and thank you!

[@AudraLambert]

Hello there! Every area is different. I would definitely have a conversation with your realtor regarding the best time to sell...some areas have weather conditions that make it advantageous for seller s to sell at different seasons. I am definitely feeling a slow down in my business due to election proceedings and just summer season vacations. In my area, the spring time is the best time to sell. Your are may be different.

[@ElLeNoir..ELconomics]

I love boring 😊 bring it on I can listen about real estate all day everyday literally 😁

[@AudraLambert]

You should be a realtor!

[@ElLeNoir..ELconomics]

@@AudraLambert I rather be on the investment side of the game

[@thomascabral8443]

thank you again contingency dates are so important,,,

[@AudraLambert]

Yes, you need to know your contingency dates. ..even if your realtor does not. Back lead them:)

[@deborahpappas7334]

Could you speak more on the earnest money. I was wondering about how much the buyer puts down. Thanks

[@AudraLambert]

In my area a 2-3% earnest money deposit calculated off the sale price is pretty common. Every state and city varies. You would want to consult with a local realtor.

[@angieherron5305]

Thank you Audra!! Love your content!! And it’s never boring!! Question, we have had a prospective buyer come see our home 3 times. Last visit, they stayed for an hour and a half with their realtor. This was only yesterday, so hoping for an offer! But was wondering how you feel about these long home showings? It didn’t use to be that way in the old days🤪

[@AudraLambert]

Hi Angie, having a buyer stay for over an hour is a good sign. Its also a sign that they may be very slow during the process. Some people are just slower than normal:)

[@angieherron5305]

@@AudraLambert Thank you for your reply! That’s encouraging then! And slow is okay as long as it goes in a positive direction! Have a blessed night!😀

[@tb6031]

Love your info & personality!

[@AudraLambert]

Thank you so much! Means a lot to me:)

[@tonyk3116]

Can you clarify the days? At one point you say the day of the last signature is day zero and the next day is day one. Next you say when the day of the contract signature is day one. It’s at the 5 minute mark. Can you clarify better?

[@AudraLambert]

Yes, I am sorry. I put a text in the video to clarify: The date of the last signature on a purchase offer is DAY ZERO. The next day is day 1. Sorry for the confusion.

[@StacyNeal-w4o]

Great information Audra.

[@AudraLambert]

Glad it was helpful!

[@blujeans9462]

For the amount of money that realtors collect for their services, why aren't they actually doing any of this? I just sold two homes in the last year - I never saw a release of contingency document.

[@AudraLambert]

Oh No...that is not good!! I hate that!!

[@LeaMcCaw]

Thanks Audra. This is a great video.

[@AudraLambert]

So Glad you think so!

[@TT-vs2ti]

Love your videos and your new haircut! Short bob cuts look so good on you!

[@AudraLambert]

Ahh...thanks so much! Really appreciate it.

[@Chirita008]

Wow! That was a lot of good information! Thanks for sharing. I do want to ask about the contacting the lender part, as a seller - wouldn't asking about employment and down payment on the loan be considered personal/private information? Is the lender obligated to provide this information if I ask? Also, how do I know what lender the buyer is using? Is that information also on the contract? Thx.

[@mauro-b6q]

very good information thankyou for sharing

[@AudraLambert]

Yes yes, of course!!

[@teodorflorea4235]

Great content. I learned quite a bit from your videos. One question regarding the loan contingency. How many days on average should the loan contingency be enacted for? The lender’s commitment to loan comes after the underwriting process, correct? Is this contingency usually removed last? What’s the typical time allowed for this contingency? Thank you!!

[@karolynsar7440]

Super informative.

[@AudraLambert]

So glad I could help!

[@billbaber6653]

Good show

[@AudraLambert]

So glad you like it.

[@KingSpam-wq5gy]

Hey audra, do you know about "Subject to" deals or have you ever heard of it?

[@AudraLambert]

Yes, I do not like them. Watch this for further details: kzbin.info/www/bejne/n5WYhWVnopWgb9ksi=Tya17ouX7br6OSZE

[@arnie1005]

So , Audra, I do not own the house until when ? I thought that earnest money was to go towards the down payment. And the person selling the house knows the buyers income?

[@anthonylucas2053]

Before these August 17 commission laws went into effect, a broker who intended to charge a 6% commission also wanted to use a lockbox for the property. I backed out before anything was listed. In your estimation, what would you suggest as a range for a commission regarding a sub $400K townhouse, with or without using the dreaded lockbox? This is from the DMV area.

[@robertoldenburg3933]

Loving your content! I have tried two different browsers but your download links are not working for me. Suggestions?

[@BobbieJeanM]

Sorry, completely off topic, but I love your hair today, very cute! It’s ok, I’m not a weird person…just an old lady 👵🏻 who can’t figure out my own hair so admire those who do. 😉. Ok, now to watch the video.

[@lynnvarner5383]

I completely agree!

[@AudraLambert]

Ahh..that is so nice!! I have been going through a hair crisis. Its actually improving. Appreciate the compliment.

[@Reed-2big]

Would you add the caveats about VA escrow, it seems to be a gotcha minefield!

[@AudraLambert]

I am in one escrow right now...and yes it is a minefield!!

[@BarbaraMears-ix6yb]

Audra, we have downloaded your forms before and now they/you are asking for an account. Why? Is this correct or is there something wrong with your site?

[@kimung2470]

Audra, I can't find the link to download. Help me out, please.

[@AudraLambert]

Here ya go: lambert.homes/purchase-contract-questions

[@Detached_AZ]

@Audra. Starting at 5:10, you contradicted yourself. You said the date of "the last signature" is day zero (0). Then the next sentence @5:15 you said if you have a contingency, the day of the contract signature is "DAY 1". I'm sure you meant day 0, but you should clarifiy that with your audience. Just listent to what you said

[@oso7179]

@Audra Lambert, nothing you produce is boring.

[@AudraLambert]

That is so nice! Much appreciate it.

[@judyking4597]

I need to know how to be pretty like you!

[@smiles36njcp]

How do you prove any damages done?

[@AudraLambert]

Great question: Have video cameras on the property...or have your agent at the property as a witness.

[@smiles36njcp]

@@AudraLambert What if other realtors show my property, would my agent be there also. Is that something Id have to request? Those are the ones im most concerned about regarding some of the things you've mentioned in your other videos (e.g. kids going crazy, too many people in the house and agent isn't paying attention to what others are doing, clogging toilets, etc) I may be a tad over concerned but some people these days have no respect for others property. Im totally stressing over everything!

[@ellygoodoverevil4064]

Hey aurda I’m in a contract house didn’t appraise, seller agreed to come down on price, he changed his mind 3 days later and now asking for 5000 out of pocket, I agreed to pay the 5000 because I really like the property, but it’s going on two days now and seller has not reach out to me to sign a addendum to move forward. I’m concerned about why is he drawing out the contract.

[@AudraLambert]

Ugh..selling a house is very emotional for some sellers. He could be getting second thoughts. Was the appraisal only $5k off? If so, give me a break! There is not appraiser that can be that accurate. I would just ask your realtor to reach out to the other side with a status update. I know this is extremely nerve racking.

[@RichardSaddler-l9h]

1:52

[@AudraLambert]

REAL-TOR

[@guineapigzed]

You’re doing it back ass ward, The offer should come after your inspections. That means if we go into escrow, there is no turning around. Your way escrow means skin the seller.

[@FelixTheCat69]

OK, I went to print the list of questions you promised only to find that I have to give personal information to acquire it. This is a bait and switch. You never said I would have to get on an annoying email/mail list to get what YOU promised. This is BS. Stop doing this.