Mistakes Buyers Make When Purchasing a Home
What is the biggest mistake buyers make right before closing.
What is making a large purchase or opening new credit?
“As is” does not give the seller permission to hide defects, commit fraud, or make false statements. That would be this.
What is misrepresentation?
This is what happens when a vendor’s simple one hour job becomes a full day project because the house was built with “creative choices.”
What is a hidden issue?
Tyler grew up in this legendary mountain and lake destination.
What is Lake Tahoe?
Jodie grew up in what town.
What is Boise?
Buyers make this mistake when they fall in love with the pretty kitchen but ignore the roof, HVAC, plumbing, and electrical system.
What is focusing on cosmetics instead of big ticket items?
Even with an "as is" sale, the buyer may still cancel if this contingency is satisfied.
What is inspection contingency?
This document is often requested from a licensed contractor after repairs are completed.
What is a receipt or invoice?
Tyler's natural hair color.
What is Blond
This one person thing will scare Jodie every time.
Who is Tyler Morse
This is the mistake buyers make when they fall in love with paint colors and furniture instead of the actual structure and layout.
What is being distracted by staging?
This contingency may still give the buyer the ability to inspect, object, negotiate, or terminate, even if the property is marketed “as is.”
What is the inspection contingency?
Never rely only on this when waiting to be paid at closing.
What is a verbal promise?
Tyler has this many children.
What is two that he is aware of?
This mistake occurs when a buyer overlooks title exception, encroachments, access rights, or private road agreements.
What is not reviewing the preliminary title report carefully?
“As is” does not mean the buyer must accept a home with this kind of issue if it affects financing, safety, or insurability.
What are major health and safety problems or lender required repairs?
This happens when a seller agrees that a repair bill or service invoice will be paid from their proceeds at closing.
What is a seller paid invoice through escrow?
Tyler talks to one person everyday.
Who is himself?
This major mistake happens when buyers try to navigate contracts, negotiations, deadlines, and inspections without professional guidance.
What is buying without the right real estate team?
If the appraisal calls out peeling paint, broken windows, missing handrails, or safety concerns, this type of loan may be more likely to require repairs.
What is an FHA or VA loan?
This vendor can be the difference between a deal falling apart and everyone making it to closing.
Who is a dependable real estate vendor?
The person most likely to give Tyler’s jokes a silent stare and keep working.
Who is Jodie Sharp?