Latest / Connor with Honor: AI, Real Estate and Real Life / "The Second Biggest Mistake Santa Clarita Home Buyers Make: Ignoring the Neighbors"

Transcript

"The Second Biggest Mistake Santa Clarita Home Buyers Make: Ignoring the Neighbors" · Connor with Honor: AI, Real Estate and Real Life

• 0:00
  SPEAKER_00: Good everybody.
• 0:00
  SPEAKER_00: It's still uh completely hard to compete with the major search engines out there.
• 0:05
  SPEAKER_00: Today's going to be the 17th of August 2025.
• 0:08
  SPEAKER_00: I'm Connor McIver.
• 0:10
  SPEAKER_00: Alright, we're going to talk about real estate, what's happening here in the local markets.
• 0:13
  SPEAKER_00: In addition, just doing the research at Santa ClitoOpenhouses.com.
• 0:18
  SPEAKER_00: That will give us an indication of what's happening in the open house world.
• 0:23
  SPEAKER_00: And also, if you go there, there is going to be um a way for you to be able to search for listings, of course.
• 0:31
  SPEAKER_00: Everything's unlocked.
• 0:32
  SPEAKER_00: This is a video I did yesterday.
• 0:34
  SPEAKER_00: That's uh creepy the way it glitches like that.
• 0:36
  SPEAKER_00: But anyway, so I did a video yesterday.
• 0:38
  SPEAKER_00: This will give us an idea of how many open houses happen to be scheduled.
• 0:42
  SPEAKER_00: But besides that, it has all the active inventory uh that's listed for sale currently in Santa Clarita Valley Cities, period.
• 0:49
  SPEAKER_00: So you'll see everything here.
• 0:50
  SPEAKER_00: So please check it out.
• 0:51
  SPEAKER_00: And there is no registration required.
• 0:53
  SPEAKER_00: Every once in a while, you're gonna get an irritating pop-up that says, Hey, would you mind registering?
• 0:59
  SPEAKER_00: Currently, as of today, we have 174 open houses that have been scheduled, and they're posted here at Santa Clarita Openhouses.com.
• 1:07
  SPEAKER_00: So please tell a friend.
• 1:09
  SPEAKER_00: Yesterday and the preceding seven days, we have been talking about uh something that's very, very important to real estate buyers out there, the entire process, from wanting to know should you buy a house all the way to how do you select a real estate agent, how do you select a real estate lender, the different types of both, and then how to get your best deal, how to search for real estate, even backing up just a second, not only how to search for real estate, but what's your price range that you should be searching within.
• 1:37
  SPEAKER_00: If the market's on a decline, maybe you want to extend or go higher than your actual approval amount because you might be able to call your shot lower than the actual listing price.
• 1:48
  SPEAKER_00: Then after we get all that data, we start to look at those listings and you have that search dialed in just where you need it.
• 1:54
  SPEAKER_00: Your agent is doing their due diligence, you are as well, vetting properties, looking at properties.
• 2:00
  SPEAKER_00: Then you write the offer.
• 2:01
  SPEAKER_00: What's the best way to construct and put that together?
• 2:03
  SPEAKER_00: So then you do that, and that offer is put together, you get it sent in, and what's that time frame look like?
• 2:08
  SPEAKER_00: How soon does the seller have to get back with you?
• 2:11
  SPEAKER_00: So I answered all of those questions, which a lot of buyers really don't know, and I don't there's really no reason why you would if you've gone through this process.
• 2:19
  SPEAKER_00: That little piece is super frustrating in some cases.
• 2:22
  SPEAKER_00: That's why I think it's really uh important for agents to explain all of that going in so you completely understand what that response rate looked like.
• 2:31
  SPEAKER_00: So that's what I did on the video, and then after you counter back and forth, the best way to formulate, the best way to counter, and then the next step would be you get selected.
• 2:41
  SPEAKER_00: So after you get selected, I did a video yesterday on that very first thing you need to do before you start spending money.
• 2:46
  SPEAKER_00: So check that out.
• 2:47
  SPEAKER_00: YouTube first responder realtor, that was going to be yesterday's video.
• 2:51
  SPEAKER_00: It'll also be at uh Santa Clarita Openhouses.com.
• 2:55
  SPEAKER_00: Just go to the blog, and there's probably a couple after you I did some stuff on uh Google.
• 3:01
  SPEAKER_00: This one right here, number one, buyer home mistake.
• 3:03
  SPEAKER_00: So check this out.
• 3:04
  SPEAKER_00: This is the one that you need in the video, the corresponding video.
• 3:07
  SPEAKER_00: I'll be swapping this one out for the one that's on the home page.
• 3:10
  SPEAKER_00: So again, don't get miswebed, not my intention.
• 3:13
  SPEAKER_00: And uh, this is gonna be for the 17th, right?
• 3:15
  SPEAKER_00: 817.
• 3:16
  SPEAKER_00: That'll be today after I get done with this video.
• 3:18
  SPEAKER_00: So it'll pop there.
• 3:19
  SPEAKER_00: Oh, there's that irritating pop-up, like I said, right here.
• 3:22
  SPEAKER_00: And you can just click through it.
• 3:23
  SPEAKER_00: If you want to save your search, thanks.
• 3:25
  SPEAKER_00: And if you don't, don't want to have any contact, no problem.
• 3:28
  SPEAKER_00: Just enjoy the search.
• 3:30
  SPEAKER_00: All right, so what's gonna end up happening is after your offer is accepted, after you make sure you don't do that one buyer mistake that buyers always make.
• 3:40
  SPEAKER_00: So please check that out.
• 3:41
  SPEAKER_00: Now it's time to get your inspections done.
• 3:43
  SPEAKER_00: And you're gonna be doing a few, you're gonna be doing a regular home inspection potentially, and even on a new house, I would do this.
• 3:50
  SPEAKER_00: I can't tell you, probably, I can tell you, probably half a dozen times there have been issues selling new housing where the home inspector that the people buying the new house actually pointed out.
• 4:04
  SPEAKER_00: And in a couple cases, uh basically saved them from catastrophe.
• 4:09
  SPEAKER_00: There were there was piping in both cases that hadn't been connected.
• 4:13
  SPEAKER_00: And in one case, one case where a particular seller didn't happen to go with the advice of getting one, or buyer didn't happen to go with the advice of getting one, uh, Brian had big issues, took his first shower upstairs in the main bedroom, and of course the pipe hadn't been connected to the drain, and not realizing it, when he got done, he comes downstairs, and of course, the entire lower level is flooded, and that's where uh just below that's where the kitchen is.
• 4:43
  SPEAKER_00: So all the drywall, of course, had collapsed during the time he'd taken the shower, and there's water everywhere.
• 4:49
  SPEAKER_00: The new housing people take care of it, but God, what a pain, right?
• 4:53
  SPEAKER_00: You would just rather not have that happen.
• 4:55
  SPEAKER_00: And the house is so new, why would you want the appliances replaced?
• 4:59
  SPEAKER_00: In addition, if there's humidity that the appliances weren't used to being exposed to and probably never would have, how does it look at that point with getting those appliances replaced?
• 5:12
  SPEAKER_00: As far as I'm concerned, if I'm buying a new house and there's something that happened that created this issue, that's why we had to I had to be there on Brian's side walking through this process and getting upset and actually getting irritated and pissed off at the new housing folks to make sure that they did their due diligence.
• 5:31
  SPEAKER_00: You have humidity being exposed to particular appliances that weren't used to it.
• 5:36
  SPEAKER_00: Even though they get dried off, that rust and those problems are gonna set in from this excessive condensation that's going to occur while that while the appliances are wet in places they never should have been exposed to water.
• 5:48
  SPEAKER_00: That's a problem.
• 5:49
  SPEAKER_00: So maybe not now problem, but three years from now, problem yes, and then by that time there might not be any warranty, nothing else, and who are you gonna call?
• 5:58
  SPEAKER_00: Not Ghostbusters, it's done.
• 6:00
  SPEAKER_00: You're not gonna be able to call anybody, and even if you try to connect with corporate at the new housing gonna be an issue.
• 6:07
  SPEAKER_00: It's really good to have somebody on your site at new housing.
• 6:09
  SPEAKER_00: I represent clients all the time.
• 6:10
  SPEAKER_00: Doesn't cost you anything, the builder will pay us to represent buyers at new housing.
• 6:16
  SPEAKER_00: So there's that.
• 6:16
  SPEAKER_00: All right, so you do your home inspection, you do the pest control inspection, and there are items that have come up.
• 6:22
  SPEAKER_00: Items that the seller probably wasn't aware of.
• 6:25
  SPEAKER_00: The importance of doing your home inspection out of earshot of the seller is incredibly important.
• 6:31
  SPEAKER_00: It's not that it's a buyer trying to hide anything from the seller, but it's the seller's house.
• 6:36
  SPEAKER_00: And you're only asking for a lot of extra talk.
• 6:39
  SPEAKER_00: And maybe you love talk, so then do it that way.
• 6:42
  SPEAKER_00: But if you don't like all the extra talk and the seller defending his property and then getting into an argument with the home inspector, because the home inspector is the expert, and then maybe you jumping in because you hired the home inspector, you're on his side.
• 6:53
  SPEAKER_00: You know, instead of having it go that way, which I've seen it happen way too many times, have your debrief with the home inspector, even if the seller's home, have any kind of debrief, have any kind of questions, notate them if you want to try to catch them if the seller happens to be around, which in most cases they're not, but if they happen to be around, then maybe pull them aside and say, Hey, you know, I saw this thing over here.
• 7:16
  SPEAKER_00: Can you explain a little bit more of that to me?
• 7:18
  SPEAKER_00: And that's great.
• 7:19
  SPEAKER_00: At the very end of every good home inspection, there's going to be a debrief where the home inspector is going to take you aside from everyone, but with your agent and have a discussion as to the big ticket items they found.
• 7:31
  SPEAKER_00: Now don't freak out when they start to explain these things to you because most of it can be fixed with money.
• 7:37
  SPEAKER_00: And sometimes, in most cases, the seller is going to be willing to try to take care of it because these are going to be items that they would have wanted to take care of anyway.
• 7:46
  SPEAKER_00: Maybe there's a pinhole leak somewhere under some sink that they weren't aware of.
• 7:50
  SPEAKER_00: Maybe there's some kind of leak somewhere else.
• 7:52
  SPEAKER_00: Maybe there's some kind of water intrusion.
• 7:55
  SPEAKER_00: Maybe there's some kind of minimal mold or something that looks like mildew that needs to be remedied.
• 7:59
  SPEAKER_00: These sorts of things, whether the seller sells the house or not, they're going to want to pay attention to it.
• 8:03
  SPEAKER_00: Maybe there's stuff on the roof that moved.
• 8:05
  SPEAKER_00: Tiles had moved and cut through the paper.
• 8:07
  SPEAKER_00: Maybe tiles are broken or missing.
• 8:10
  SPEAKER_00: That happens a lot here in Southern California.
• 8:13
  SPEAKER_00: Maybe there's other issues, but again, something that the seller is going to want to take care of.
• 8:17
  SPEAKER_00: If it's paint in a room or replacing carpet or flooring, unfortunately, the house is being sold as is.
• 8:25
  SPEAKER_00: Now, of course, you can ask, as I tell my sellers, real estate's sold as is.
• 8:30
  SPEAKER_00: Everything's negotiable.
• 8:32
  SPEAKER_00: Even the offer, even the commissions, everything's negotiable.
• 8:35
  SPEAKER_00: So it's really up to you.
• 8:37
  SPEAKER_00: And ultimately, if you want to try to get those things taken care of, great.
• 8:42
  SPEAKER_00: The best requests for repairs are really done about things that are health and safety issues, things that the home inspector found that you did not know of.
• 8:52
  SPEAKER_00: You know that the bedroom's painted pink.
• 8:55
  SPEAKER_00: You knew that going in, if that happens to be the case.
• 8:58
  SPEAKER_00: Having the asking the seller to give credits to repaint the bedroom, well, a lot of times that falls on deaf ears.
• 9:04
  SPEAKER_00: But if it is something that can be done, that is a health and safety issue, i.e.
• 9:11
  SPEAKER_00: improper wiring, potential conduit issues, people not running conduit, just having wires hanging throughout their garage.
• 9:19
  SPEAKER_00: Maybe some kind of other safety issue, maybe crappy plumbing, maybe they had their, you know, their brother or cousin Cooter come in and replace the hot water heater and do a substandard job and not have anything put into place or connected in the proper way.
• 9:33
  SPEAKER_00: Maybe they have lines crossed, who knows what it could be, but any of those issues should be hit up.
• 9:39
  SPEAKER_00: Now, what's the what what do you do?
• 9:41
  SPEAKER_00: Do you have the seller fix it on their end?
• 9:44
  SPEAKER_00: And if you do that, you're gonna have to formulate the language in that request for repairs so that they do it the best way possible, hire licensed professionals in good standing, insured, and those professionals are going to be the ones that take care of it, and receipts to be supplied at with within a week of closing, for example.
• 10:12
  SPEAKER_00: This is a good way to put it.
• 10:14
  SPEAKER_00: And that's what you want the seller to do.
• 10:16
  SPEAKER_00: Now that puts some responsibility on the seller.
• 10:20
  SPEAKER_00: What if the contractor they hire, and you know there's all different kinds, there's all different kinds of real estate agents, all different kinds of lenders, and of course all different kinds of inspectors, and some of them might be great, some of them might be just horribly atrocious.
• 10:33
  SPEAKER_00: It's like some real estate agents, I'm not sure how they got licensed, but they're licensed and they're selling houses, but it's it's a mystery, and you probably see this maybe in your own profession.
• 10:45
  SPEAKER_00: Translate that into the home inspection world, yes, there could be this.
• 10:48
  SPEAKER_00: And also the contractor world, yes, there it does, that does exist.
• 10:52
  SPEAKER_00: It might be a better case for you, and definitely a better case for the seller to you for you to ask to some kind of credit.
• 10:58
  SPEAKER_00: Now, let's say they have GFCIs, those ground fault interrupture out interruption outlets that basically pop near a water source if they get wet, so they don't electrolyte electro electrolyte.
• 11:10
  SPEAKER_00: Electrocute you.
• 11:12
  SPEAKER_00: That's like uh you're in the bathtub taking a bath and somebody drops a hairdryer in on you.
• 11:16
  SPEAKER_00: If it's plugged into a GFCI, it's supposed to pop it before you croak.
• 11:22
  SPEAKER_00: So anyway, it's important to have those outlets.
• 11:25
  SPEAKER_00: Having something like that replaced, if it's called out in the home inspection, hope inspection report, isn't going to be a thousand dollars.
• 11:32
  SPEAKER_00: For the most case.
• 11:33
  SPEAKER_00: I can't imagine it stretching into that, but I'm sure somebody in the comments is going to be able to come up with a situation, maybe on the moon, that's gonna cost a thousand dollars to replace a GFCI in that house on the moon.
• 11:44
  SPEAKER_00: But for most intents of purposes, the point I'm trying to make is this don't over ask.
• 11:50
  SPEAKER_00: Now, maybe you could squeeze in a little bit, but you have to be careful with that because if the seller smells that you're trying to gouge them or use this as an ability to get more than what you uh originally negotiated, then they might just say no.
• 12:04
  SPEAKER_00: So always be prepared for that.
• 12:06
  SPEAKER_00: Anything that you ask for, the seller could potentially come back with no.
• 12:10
  SPEAKER_00: So always be prepared.
• 12:11
  SPEAKER_00: Do your due diligence, you should offer them receipts, documents, some kind of uh estimates, these sorts of things.
• 12:19
  SPEAKER_00: Always offer them this.
• 12:20
  SPEAKER_00: Don't just come in and say this is what we want in lieu of this.
• 12:24
  SPEAKER_00: Even if you're coming in and asking for some kind of a credit, so you can take it upon yourself to get these things done, as long as it's not interfering with your loan, because in some cases, properties are in such a bad way that the appraiser might say, Hey, you gotta attend to this, and that's a seller requirement.
• 12:42
  SPEAKER_00: Now the seller might deny doing that, and if that's the case, then the appraiser's not going to let the property appraise for for you as that buyer.
• 12:51
  SPEAKER_00: So ultimately at that point, you're kind of stuck.
• 12:54
  SPEAKER_00: But in most cases, that's able to be worked out because it's an appraiser lender requirement, and the seller knew that you're using a loan to buy the property and knew the proper formatting of that loan, what that down payment requirements, and that should have been explained to the seller that higher down payment, usually the appraisal, uh the appraiser isn't as critical because there's more money down on that particular residence.
• 13:18
  SPEAKER_00: Less money down, usually appraisers are more critical, and especially those attached to government type loans like the VA or FHA, they're maybe a little bit more critical.
• 13:28
  SPEAKER_00: But ultimately, the prices should all come out the same at the end.
• 13:31
  SPEAKER_00: And you know, you're coming in with half down.
• 13:33
  SPEAKER_00: Maybe it's gonna be a completely different game, but in most cases, those prices are gonna come just about the right place in the appraisal.
• 13:40
  SPEAKER_00: And if they call something out, there's a lot more chance that it's gonna be called out via FHA and uh VA versus potentially conventional, but again, it could all it could all come down to it.
• 13:51
  SPEAKER_00: So the seller knowing that if the appraiser calls out something, then the seller's probably going to attend to it.
• 13:57
  SPEAKER_00: But again, it's their choice.
• 13:59
  SPEAKER_00: Having a buyer fix those things in order to get it through an appraisal, that's a slippery slope, and that's something that you really need to consider and make sure you have agreement of all parties.
• 14:09
  SPEAKER_00: Because what happens if one of your contractors that go in there, as a buyer, before you actually own the house, go in and take care of something to try to make the appraiser happy, and they fall and slip, and then who's gets the lawsuit?
• 14:21
  SPEAKER_00: Well, more than likely the seller.
• 14:22
  SPEAKER_00: I'm not an attorney, so seek seek legal counsel if in fact this happens, but you can see where I'm going with this.
• 14:29
  SPEAKER_00: Or they go in and they do something and the house burns down.
• 14:31
  SPEAKER_00: Again, they blame your particular individual, went to the house and did these repairs beforehand.
• 14:37
  SPEAKER_00: So it's very it's a very difficult place for a buyer to be getting caught.
• 14:42
  SPEAKER_00: Realistically, that rarely happens.
• 14:45
  SPEAKER_00: I've probably only seen it twice.
• 14:47
  SPEAKER_00: Uh twice that pops into my brain bucket, maybe a couple more times, but twice for sure that the buyer got stuck in that particular space and it worked out.
• 14:57
  SPEAKER_00: So they didn't get screwed, and nothing happened.
• 15:00
  SPEAKER_00: But again, that's a very dangerous place to be.
• 15:03
  SPEAKER_00: So if you are going to request repairs specifically, then make sure you give exactly who you want to do it, maybe not by name, but with their certifications, maybe reputations, insured, bonded, active contractor, licensed for this, put it all in there, lay it out.
• 15:20
  SPEAKER_00: Your agent should be very well versed in this because we see these coming across our desk all the time, and we also issue them to sellers' agents to give on the on to the seller for our buyers in the form of requests for repairs.
• 15:35
  SPEAKER_00: And now, if you're gonna ask for money or some kind of a credit, that's actually a better benefit for the seller because now you're asking for compensation in lieu of all repairs, and anything that could potentially happen, that's a nice blanket for the seller to be under.
• 15:51
  SPEAKER_00: It's just going to depend on how much you're gonna ask for and how you're gonna ask for it.
• 15:56
  SPEAKER_00: If you're just gonna come out and say, Well, there was a GFCI that we won't replace, so we want a credit for a thousand dollars, that's probably not gonna fly.
• 16:03
  SPEAKER_00: Just because usually a GFCI outlet to give you an idea, the outlet probably 20, 30, 40 bucks to have an actual an actual bonded, insured, uh, certified electrician come out to the property, licensed and all that fancy stuff, probably another 100 bucks to just do that one outlet.
• 16:20
  SPEAKER_00: So 100 bucks plus 50, probably 150 bucks.
• 16:23
  SPEAKER_00: You're asking for a thousand, you see the difference.
• 16:26
  SPEAKER_00: So you have to be again, depending on the market, maybe depending on the seller, maybe sellers don't care, but I think most of them do.
• 16:33
  SPEAKER_00: So when you're asking for whether it is repairs, make sure you make the list complete.
• 16:37
  SPEAKER_00: Don't just cop have your agent copy and paste it from the inspection report.
• 16:41
  SPEAKER_00: That's horrible for them.
• 16:43
  SPEAKER_00: And I see that happen more often than not, just because they don't know what to talk about.
• 16:47
  SPEAKER_00: They the home inspector should be able to put together a list.
• 16:50
  SPEAKER_00: Hey, what are the items that you would fix if you were buying this house?
• 16:53
  SPEAKER_00: And then they would put them down on page 33.
• 16:55
  SPEAKER_00: I reference this this particular vent hood is is stuck.
• 16:59
  SPEAKER_00: I I mentioned the fireplace uh flu wasn't uh opening, wasn't operating correctly.
• 17:05
  SPEAKER_00: All of those things.
• 17:06
  SPEAKER_00: So once you get that list, then the agent, the agent on your behalf should be able to formulate that request for repairs and get that over to the seller.
• 17:14
  SPEAKER_00: If you're gonna be asking for money, let me regurgitate that one more time, make sure that's valid.
• 17:18
  SPEAKER_00: You have receipts or estimates, something that shows what this is going to cost, and it does it does go a long way.
• 17:25
  SPEAKER_00: But at the end of the day, the seller could say no.
• 17:27
  SPEAKER_00: If it's an appraisal thing, more than likely they're going to agree to it.
• 17:31
  SPEAKER_00: If it's a you thing, if you present it in the proper way, more than likely they will too.
• 17:36
  SPEAKER_00: And also understand that they could come back half.
• 17:38
  SPEAKER_00: If we're asking for some kind of a credit or particular items to be repaired, maybe they're gonna say, Well, we'll do these items, but we're not gonna do these items, or we'll give you this much money, but not the full amount.
• 17:50
  SPEAKER_00: Again, trying to help doesn't hurt, and maybe your strategy should be to ask for a little bit more, but don't go crazy with it because that's dangerous.
• 17:59
  SPEAKER_00: It could be that that little bit more sets off the seller and they won't want to do anything.
• 18:03
  SPEAKER_00: At the end of the day, for both parties, sellers and buyers, this is business.
• 18:06
  SPEAKER_00: It shouldn't be emotional and it shouldn't be something that you are using in an emotional way to try to try to fix or or make you feel better emotionally by ripping them apart or getting angry or shutting down or you know, saying no or turning them down, whatever it may be.
• 18:28
  SPEAKER_00: And the buyer on the other side shouldn't also carry it to that emotional level.
• 18:32
  SPEAKER_00: Say, well, if they're not gonna do it, we're out.
• 18:34
  SPEAKER_00: You have to think more long term.
• 18:35
  SPEAKER_00: You're gonna be in this house for a while.
• 18:37
  SPEAKER_00: The seller wants to sell it, that's why you're in contract with him.
• 18:40
  SPEAKER_00: If they're being difficult or playing what looks like hardball, maybe there's some kind of a reason.
• 18:46
  SPEAKER_00: Maybe they're up against the wall and they really don't have any money to do what you're asking for.
• 18:51
  SPEAKER_00: Then why are they selling?
• 18:52
  SPEAKER_00: Well, then maybe they need to sell.
• 18:53
  SPEAKER_00: And on the other hand of it, maybe you have the wherewithal to be able to get these things done, or maybe you don't, and the seller needs to understand.
• 19:00
  SPEAKER_00: But in both cases, I never have my buyer submit anything without some kind of a letter of explanation.
• 19:08
  SPEAKER_00: I never have them go in just, you know, praying and spraying, as it were.
• 19:13
  SPEAKER_00: I have them prepare something that the seller can understand where the buyers are coming from.
• 19:18
  SPEAKER_00: Now, after you get this done, after you make these requests for all your inspections, and a good home inspector, if they find something that's above their pay grade, they're going to then say, hey, you should get this type of inspector.
• 19:30
  SPEAKER_00: You should now do this.
• 19:31
  SPEAKER_00: If you have septic, there's going to be that whole thing where you're going to have to that that tank's going to have to be looked at, recertified.
• 19:38
  SPEAKER_00: That's going to be for most lenders out there.
• 19:39
  SPEAKER_00: If you're buying a property with a septic tank cash, then it's going to be a little bit different.
• 19:44
  SPEAKER_00: But these are these various inspections.
• 19:46
  SPEAKER_00: For the roof, they should be able to call out a lot of it.
• 19:48
  SPEAKER_00: For a pool, maybe you want to entertain, get a specific, maybe you want to entertain getting a more specific pool inspector.
• 19:56
  SPEAKER_00: But for all of these inspections, a home inspector is pretty good.
• 20:00
  SPEAKER_00: Just look at what they write.
• 20:02
  SPEAKER_00: And if a good home inspector, really good one, if they run into an issue, they're going to upgrade you and say, listen, I think you really need to get this type of home inspector.
• 20:09
  SPEAKER_00: Let's say there's some crack in the foundation or something weird.
• 20:12
  SPEAKER_00: Again, they'll probably want some kind of a geological or some kind of a foundational expert for you to hire to be able to investigate it further.
• 20:20
  SPEAKER_00: And then you have to make the decision, is it going to be worth it for you to expend that kind of money?
• 20:25
  SPEAKER_00: Because while a home inspection might be five, six, seven hundred bucks, pest control inspections probably be a hundred, hundred and fifty bucks.
• 20:33
  SPEAKER_00: And then your appraisal is probably going to be five hundred to seven hundred bucks.
• 20:37
  SPEAKER_00: So you know you're$1,500.
• 20:39
  SPEAKER_00: And at the end of the day, if you need to hire another inspector, like a mold inspector, to come capture spores and do those investigations, there's some money there.
• 20:50
  SPEAKER_00: So you have to kind of regroup.
• 20:52
  SPEAKER_00: That's why it's really good to try to get into that prior to writing your offer originally.
• 20:58
  SPEAKER_00: And I cover that in another video, almost exhausting everything you could do prior to actually winning, getting into escrow, and then starting your inspections.
• 21:08
  SPEAKER_00: At least you can get some of those questions answered.
• 21:10
  SPEAKER_00: All right, we'll be back tomorrow.
• 21:11
  SPEAKER_00: We'll go through those additional time frames after that request for repairs is submitted, and then what happens next in escrow and what to watch out for after that point.
• 21:21
  SPEAKER_00: And maybe how that follow-up and that final walkthrough works, and then in another video we'll get into how the keys things work.
• 21:29
  SPEAKER_00: Also, throughout the process, and I'll probably hit on this tomorrow, there's going to be a lot of times that you're going to be asked for things from your lender that feel like you've given you've given them to them before, different documents.
• 21:42
  SPEAKER_00: And that's because usually they didn't misplace anything, but usually the powers that be on their end that are going to be granting you these hundreds of thousands of dollars usually need to verify that nothing's changed on your end.
• 21:58
  SPEAKER_00: And it used to be back in the wild, wild west of real estate, back before 2007, before that last crash in the cycle, people weren't really doing any checking.
• 22:07
  SPEAKER_00: They were just loaning money.
• 22:09
  SPEAKER_00: They checked a little, but really not the way that they do now.
• 22:12
  SPEAKER_00: Now they check, and they'll make sure and verify your employment multiple times.
• 22:17
  SPEAKER_00: Check pay step paycheck stubs multiple times, these sorts of things.
• 22:21
  SPEAKER_00: So make sure your ducks are aligned.
• 22:23
  SPEAKER_00: Talk to your real estate agent, your lender.
• 22:24
  SPEAKER_00: I'm Connor with Honor.
• 22:26
  SPEAKER_00: I will see you in the next one, Santa Clarita Openhouses.com.
• 22:30
  SPEAKER_00: If you go to zoom me scv.com or even my homepage at Santa Clarita Openhouses.com, you'll see this calendar down here.
• 22:38
  SPEAKER_00: If I can get there, yeah.
• 22:39
  SPEAKER_00: So here if you come to this calendar at Santa Clarita Open Houses, I will be able to, you'll be able to schedule an appointment with me, and we'll be able to have a discussion about what's going on in real estate.
• 22:49
  SPEAKER_00: And my next available looks like Tuesday the 19th at these uh this block of time booked before and booked after.
• 22:56
  SPEAKER_00: But please give me a buzz and uh love to help you, please.
• 23:00
  SPEAKER_00: Thank you very much for watching.
• 23:01
  SPEAKER_00: Be welcome.
• 23:02
  SPEAKER_00: We'll see you in the next one.
• 23:02
  SPEAKER_00: Take care.