Fuld transskription af When An Offer Is Really Accepted

--> 00:02:12.080 Or they could be like, you know what? 00:02:12.319 --> 00:02:13.840 We don't want this buyer no more. 00:02:13.919 --> 00:02:14.960 Let's stick with the other one. 00:02:15.120 --> 00:02:16.879 They got higher terms. 00:02:17.199 --> 00:02:19.039 Yeah, no, I completely agree. 00:02:19.199 --> 00:02:26.639 I mean, just like Chris said, um, offer is only accepted really once you've signed contracts, not prior. 00:02:26.800 --> 00:02:31.840 In New York, everything is a verbal acceptance until you sign contracts. 00:02:32.000 --> 00:02:36.800 That's when it's officially legally binding an offer that has been accepted. 00:02:37.039 --> 00:02:51.199 So we've been in the business for quite some time now, and we've realized over and over again sometimes you might not find something for weeks, for months, for even a year plus, and then you find that dream home. 00:02:51.439 --> 00:02:56.639 You go in, you make the bid, you get it, you celebrate, you're like, this is it. 00:02:57.039 --> 00:03:00.479 And uh, sometimes what happens is that you wait a little bit too long. 00:03:00.639 --> 00:03:05.919 Maybe the inspection you're needing to do it maybe at the weekend, you just got the offer accepted on Monday. 00:03:06.080 --> 00:03:16.240 That's a lot of time, and between Monday, between Monday and the weekend, and all in between that time before the inspection gets done, you can't really do anything else. 00:03:16.319 --> 00:03:19.360 I mean, you want to sign contracts, but you need that inspection there. 00:03:19.439 --> 00:03:27.520 So sometimes you have to sacrifice because if not, what happens is that within that time frame, other offers can come in. 00:03:27.919 --> 00:03:30.879 And this is the reason why you gotta be in a fast pace. 00:03:31.360 --> 00:03:34.879 We always tell clients we're not in the rush, don't be in the rush, right? 00:03:35.199 --> 00:03:36.560 But things do happen. 00:03:36.639 --> 00:03:50.479 And I hear a lot of stories that agents, you know, they submit an offer, and then from there they do inspections, and then a strong strong offer comes and then they gone with all the offer. 00:03:50.560 --> 00:03:51.759 So exactly. 00:03:52.000 --> 00:04:04.400 So when you're getting that offer accepted, especially if it took you a long time to go and find that home, try to do those inspections right away, maybe the next day, if possible, because then that way you get that inspection done. 00:04:04.560 --> 00:04:09.759 You basically tell your inspector when can I expect to have the inspection report so I can go over it. 00:04:09.919 --> 00:04:13.199 Hopefully, it's the same day or the day the day after. 00:04:13.360 --> 00:04:15.759 That would be ideal because then you get everything done. 00:04:15.840 --> 00:04:22.160 If you do it the fastest way, most likely it's gonna be you're gonna wait until the the following day, get the inspection done there. 00:04:22.319 --> 00:04:24.720 And most of the time it takes them like one

business day. 00:04:25.279 --> 00:04:25.600 Oh, yes. 00:04:25.839 --> 00:04:29.759 I've seen them do it on the same day, but most of the time it's gonna be one business day. 00:04:29.920 --> 00:04:32.000 So it's probably gonna take two days in total. 00:04:32.160 --> 00:04:42.000 So you got the following day for the inspection, most likely the day after that to get the inspection report, go over it, make sure you've gone over it, make sure you feel comfortable with everything. 00:04:42.160 --> 00:04:48.079 And then once you do that, you tell your attorney, hey, I'm ready, I want to sign those contracts immediately. 00:04:48.240 --> 00:04:58.240 And then your attorney, it's up to him to basically get those contracts repaired as soon as possible so you can sign, deposit that escrow check for the for the down deposit. 00:04:58.480 --> 00:05:02.079 And basically, once you sign, that's it. 00:05:02.240 --> 00:05:06.720 The owner signs as well once they've received the funds and you're officially under contract. 00:05:07.279 --> 00:05:09.199 Both both parties, yeah, both parties. 00:05:09.360 --> 00:05:19.040 Because what happens is that if you don't do that all uh in a fast manner, another offer comes in, they might be having more favorable terms. 00:05:19.279 --> 00:05:25.279 It has to be presented to the seller because legally all offers have to be presented to sellers, and you know what? 00:05:25.360 --> 00:05:29.920 Sometimes an offer is too good to pass up, and they might just go with it. 00:05:30.000 --> 00:05:31.600 They'll be like, you know what? 00:05:32.000 --> 00:05:34.240 We appreciate your offer, right? 00:05:34.399 --> 00:05:35.839 We just got this other offering. 00:05:36.240 --> 00:05:38.079 You might be taking a little bit too long. 00:05:38.319 --> 00:05:40.079 Their offer just looks too good. 00:05:40.240 --> 00:05:41.360 We're gonna go with them. 00:05:41.519 --> 00:05:42.240 I'm sorry. 00:05:42.480 --> 00:05:49.519 Most of the time, if they do that, the due diligence on their end is that they should refund you the inspection money. 00:05:49.680 --> 00:05:50.959 That's usually how we see it. 00:05:51.120 --> 00:05:52.240 But it depends on the owner. 00:05:52.399 --> 00:05:55.439 It depends on the owner's owners don't want to give the inspection money. 00:05:55.600 --> 00:05:58.480 Yeah, they don't want to be an a-hole about it. 00:05:58.639 --> 00:06:04.319 I I mean things do happen, and that's the reason once you're offered due to accepted, right? 00:06:04.560 --> 00:06:09.279 Most cases they will still continue doing showings as backup because you never know. 00:06:09.600 --> 00:06:14.639 Maybe something pumps up in the report and the buyer is maybe hesitating, they at least have backup. 00:06:14.720 --> 00:06:20.079 So we we understand from their side as well, and from the the buyer's side. 00:06:20.319 --> 00:06:23.120 Yeah, because we do the exact same thing as them. 00:06:23.279 --> 00:06:30.480 We continue to show, just like

Chris said, we continue to show the property even if we get an accepted offer until contracts are signed, right? 00:06:30.720 --> 00:06:32.000 Because you don't know what can happen. 00:06:32.079 --> 00:06:34.560 Something can come off on the report, just like Chris said. 00:06:34.720 --> 00:06:45.839 Maybe the buyers they're not comfortable moving forward, or maybe they want too much in credits, they're overestimating how much it's gonna cost, and maybe the seller isn't willing to do that. 00:06:46.000 --> 00:06:49.759 And so, you know, both parties part away and they go on to the next offer. 00:06:49.920 --> 00:07:12.399 So it's better to do it that way than just be stuck on one person and you know just committing to them when you don't know if they're gonna full be fully prepared to go forward with uh and in Connecticut, they once you submit an offer and your offer gets accepted, you're basically in contract because they give you like a period of time to do the inspection, 10 days, right? 00:07:12.560 --> 00:07:12.959 It depends. 00:07:13.040 --> 00:07:23.600 I'm not I'm not too familiar to Connecticut because we're not licensed, yeah, but I heard from other agents that they do be like in contract, and uh they give like a period of time to do inspection. 00:07:23.759 --> 00:07:31.360 So that's a good thing with Connecticut, because they they deal is like it's solid till the inspection is done, and it's willing to move forward. 00:07:31.439 --> 00:07:33.600 If not, then you know I gotta continue looking. 00:07:33.839 --> 00:07:34.160 Right. 00:07:34.319 --> 00:07:37.360 I think the agents do the contracts for the clients, right? 00:07:37.600 --> 00:07:38.959 I think so, so which is weird. 00:07:39.120 --> 00:07:40.240 New York is not like that. 00:07:40.480 --> 00:07:46.079 New York, it's just whoever does inspections, once they do inspections, sign contracts, that's it. 00:07:46.240 --> 00:07:52.079 Yeah, everything's verbal before signing, and once it's signed, then it's uh official. 00:07:52.319 --> 00:07:56.879 That is interesting for the agents to do the contracts themselves. 00:07:57.199 --> 00:08:06.079 I mean, uh I've seen a lot a bunch of contracts, they're pretty much the same, but hey, you at home, tell us what you think in the comments below. 00:08:06.319 --> 00:08:11.199 Would you want your agent to do the contracts for you, or would you feel better an attorney doing them for you? 00:08:12.399 --> 00:08:20.079 I'd rather pick that a real estate attorney because agents they have other files they have to deal with, and honestly, they're not attorney. 00:08:20.560 --> 00:08:23.279 They didn't put it 100% right there, yeah, yeah. 00:08:24.079 --> 00:08:31.600 And people do mistakes, so just you know, just in case, I'd rather get a real estate attorney that's a professional than an agent. 00:08:31.839 --> 00:08:33.039 I would rather do that too. 00:08:33.200 --> 00:08:41.440 I don't know if in Connecticut you also have the option to maybe have an attorney look at the contracts before you sign them and stuff, but I I think I would advise that. 00:08:41.519 --> 00:08:46.559 I prefer I'm just like you, I prefer an attorney to look over it and explain it to me, right? 00:08:46.639 --> 00:08:49.360 I've looked at the contracts most of the time, they're pretty much the same. 00:08:49.440 --> 00:08:55.039 You just skim through them to make sure that they have like the price point, the conditions, and stuff like that. 00:08:55.200 --> 00:09:02.240 It's a lot of legal verbiage in between, but yeah, they usually are the same, but I still want uh an attorney to review them. 00:09:03.279 --> 00:09:19.039 Yeah, but yeah, I mean, that's the big thing when you're submitting an offer, just make sure you try to do everything as fast as possible, just so you don't lose the opportunity to go and contract and be be ready to uh close in in the future. 00:09:19.200 --> 00:09:26.399 Because if you don't have that contract sign, you're not really you don't really have an accepted offer in New York. 00:09:26.799 --> 00:09:27.120 Okay. 00:09:28.000 --> 00:09:32.320 And like you said, an inspection is very important as well. 00:09:32.399 --> 00:09:47.600 Like as well, very important because if you if you don't have an inspection done, if you waive that contingency because you're saying, like, hey, I can close, I can sign contracts faster without an inspection, just know, right? 00:09:47.759 --> 00:09:49.279 You don't have the full story. 00:09:49.600 --> 00:09:58.159 Oh no, it's always good to know before you get into the you know, buy the house, because once you buy the house, it's on you, it's not on the previous owner. 00:09:58.399 --> 00:10:02.320 And that's why it's very important that's a waive that contradicts you. 00:10:02.559 --> 00:10:09.360 Yeah, and look, an inspector, no matter how experienced they are, sometimes they might miss things, right? 00:10:09.600 --> 00:10:17.279 But an inspection is still one of the most important things that you have to do so you get ahead of most of the problems that are in there. 00:10:17.440 --> 00:10:22.399 I'll tell you right now, like I work with a ton of inspectors, right? 00:10:22.720 --> 00:10:25.519 And uh they're perfect almost every single time. 00:10:25.600 --> 00:10:31.519 But sometimes they might miss a little thing, you know, here and there, and uh it comes up later. 00:10:31.679 --> 00:10:36.799 But for the most part, you're gonna get almost like the full story of the house. 00:10:36.960 --> 00:10:38.480 Yeah, absolutely. 00:10:38.720 --> 00:10:57.120 And then if they don't know a couple of things that are happening here and they're he they'll recommend you to get a professional person to look at that because an inspector is more of a general type of person that kind of comes in and gives you a general idea of what he believes might need to be addressed. 00:10:57.360 --> 00:11:02.639 He's not a professional in that area, but he'll tell you

that you need someone to look at it. 00:11:03.039 --> 00:11:10.720 He gives his uh professional opinion, exactly, because he's like uh you can think of him as like a physician, right? 00:11:10.799 --> 00:11:12.000 A general physician. 00:11:12.240 --> 00:11:24.240 They'll tell you like what are the symptoms here uh and there, and then if like a part of your body is hurting and stuff, then they'll recommend you to a specialist for that body part or things like things like that. 00:11:24.399 --> 00:11:30.000 So just think of an inspector just being like a general physician that knows a lot about everything, right? 00:11:30.080 --> 00:11:33.200 But doesn't know everything about a certain thing. 00:11:33.360 --> 00:11:37.279 So they'll refer you to those specialists afterwards, right? 00:11:37.360 --> 00:11:42.559 Or just tell you that you need to get a specialist within that field, and then you take it from there. 00:11:43.360 --> 00:11:48.320 I hear a lot of stories that buyers do wave inspections, which is nuts. 00:11:48.480 --> 00:11:49.360 Don't do that, don't do that. 00:11:49.519 --> 00:11:50.000 Which is nuts. 00:11:50.080 --> 00:12:04.879 Yeah, we always tell our clients do inspections, even if the house looks perfect, yeah, because you don't know what's inside those walls, or maybe based on you know your thoughts, you will maybe notice like, oh, this needs to be fixed, or the roof is needs to be replaced in five years. 00:12:05.039 --> 00:12:13.440 At least when you do an inspection, you're investing, you know, five, six hundred dollars, but at least you know what you're getting into once you get the house. 00:12:13.759 --> 00:12:23.120 I think the only time we waived inspection was for condos and co-ops that look like they're all right. 00:12:23.679 --> 00:12:26.960 Because with condos and co-ops, sometimes it's just like a little space there. 00:12:27.039 --> 00:12:32.159 It's like not much can be wrong with this place, but there could be things that are wrong. 00:12:32.320 --> 00:12:38.639 It's up to you, your comfortability and taking the home as is, because it's not that big of a space. 00:12:38.720 --> 00:12:49.039 But when it's a house and a larger type of property, that's when you re absolutely no question about it, you need to do an inspection because a house is a big property, right? 00:12:49.120 --> 00:12:50.799 Compared to like a little condo or co-op. 00:12:51.039 --> 00:13:14.000 I would still say condos do inspections because you still got to worry about the boiler or maybe the furnace, you know, little things that yes, uh management will be responsible from the outside, like maybe the roof or maybe the beam of the place or pipes, but still, I would do inspections for the cons co-ops, not really, because it's mostly management is responsible for all those things, right? 00:13:14.240 --> 00:13:16.000 But it all depends on the buyer, honestly. 00:13:16.320 --> 00:13:19.279 You're talking about condos that are like almost like house styles, right? 00:13:19.440 --> 00:13:23.679 Yeah, not like the the big complexes and stuff that correct, yeah. 00:13:23.759 --> 00:13:27.840 Because those big complexes, I don't think you have access to like the the boiler room. 00:13:27.919 --> 00:13:28.720 Uh it depends. 00:13:28.799 --> 00:13:33.440 Yeah, it all depends on on the condo and how they structure the the building. 00:13:33.679 --> 00:13:34.960 Yeah, I got you. 00:13:35.120 --> 00:13:39.919 Yeah, but definitely uh do your due diligence on on inspections, right? 00:13:40.080 --> 00:13:44.879 Another thing that you should never waive, and we have plenty of stories for this one, is appraisal. 00:13:45.039 --> 00:13:55.200 Oh yes, this is one of the most important things to have an in-contract, because if you don't have a contract, then it will be a big problem, I would say. 00:13:55.360 --> 00:13:56.000 Oh yeah. 00:13:56.240 --> 00:14:00.240 Oh my god, there there will be big problems for sure. 00:14:00.399 --> 00:14:03.840 Do you want to tell them a story about the difference one time? 00:14:04.080 --> 00:14:04.480 Oh yeah. 00:14:04.559 --> 00:14:11.759 So I heard a story that uh a buyer was buying a property in in the Bronx or in the city, right? 00:14:12.159 --> 00:14:22.960 And from what the agent mentioned, he said that they pay over, I think, a hundred or over a hundred and fifty thousand above all the value of what the appraiser said. 00:14:23.279 --> 00:14:26.960 So they didn't have the contingency in contract. 00:14:27.120 --> 00:14:39.519 So the buyer had to pay over a hundred to maybe one fifty of uh difference, which that means you have to pay in cash because the bank is not giving you, you know, approval of that amount which you submitted. 00:14:40.080 --> 00:14:42.480 And uh yeah, that's a lot of money. 00:14:42.799 --> 00:14:43.120 Yeah. 00:14:43.440 --> 00:14:48.159 Because he wasn't so sorry, it wasn't he wasn't protected in contract at all. 00:14:48.399 --> 00:14:52.159 Having that, you know, that term, uh, appraisal contingency. 00:14:52.399 --> 00:14:52.799 Yeah. 00:14:53.039 --> 00:15:08.240 So for those of you at home that doesn't know what an appraisal contingency is, it's basically a condition where basically let's say you put in an offer of a hundred thousand, keep it very simple, right? 00:15:08.720 --> 00:15:09.840 On a home. 00:15:10.159 --> 00:15:22.799 And let's say that the bank is basically giving you the loan for the rest of the difference between the down the down payment and what the home is getting purchased for, which is generally what happens, right? 00:15:23.440 --> 00:15:26.399 They're basically saying we're good for up to a hundred thousand. 00:15:26.639 --> 00:15:32.879 But if that home only appraises for 80,000, right? 00:15:33.440 --> 00:15:37.519 That means that to the bank, it's only worth 80,000. 00:15:37.679 --> 00:15:41.759 So it makes no sense for them to give you a hundred thousand. 00:15:42.080 --> 00:15:48.559 They're only

gonna give you eighty thousand because it's all basically risk management for the banks. 00:15:49.039 --> 00:15:55.600 If you default on your mortgage, they're only gonna be able to recoup 80,000 when they sell the home. 00:15:55.840 --> 00:16:05.279 Not 100,000, maybe in the future when it appraises and stuff, but they want to make sure that whatever they're giving you is how much they can sell it in case you default on your loan. 00:16:05.360 --> 00:16:06.720 So that's how that happens, right? 00:16:06.960 --> 00:16:20.480 So if you don't have an appraisal contingency, that difference between 80 to 100,000, which is 20,000 and difference, you have to make that up out of your own pocket if you don't have that appraisal contingency. 00:16:20.720 --> 00:16:26.720 So it's very, very important to have that contingency in place because if not, then you're liable for that. 00:16:26.879 --> 00:16:55.120 And if you don't pay up and they know that you have the money in hand because they talked to your lender, maybe, and they let the seller know, they let the listing agent know that look, they have more than enough funds and stuff like that, then they're allowed, they will be able to basically keep your down deposit, most likely, because they know that you're able to do it, you've agreed to the terms, and now you're violating the terms, basically saying you were good for it, but out of nowhere you're not, it's not gonna work like that. 00:16:55.279 --> 00:16:58.320 They're probably gonna keep your down deposit and you don't want to do that. 00:16:58.559 --> 00:17:01.679 So most of the time, just put that appraisal contingency. 00:17:02.399 --> 00:17:05.039 They have other things as well, like an appraisal gap. 00:17:05.359 --> 00:17:09.680 So it's just basically say, Oh, I'm willing to pay only 10,000 of the difference. 00:17:09.839 --> 00:17:12.000 Uh yes, they also have that as well. 00:17:12.079 --> 00:17:14.400 So you could be like, you know, for both sides, right? 00:17:14.559 --> 00:17:21.680 So you don't want to say, for example, like Andrew said, Oh, this house isn't worth 80,000 and you in contract for 100. 00:17:22.160 --> 00:17:25.759 But both of you guys agree that 10,000 of the difference you're gonna pay. 00:17:25.839 --> 00:17:27.440 So in total, it'll be 90,000. 00:17:28.079 --> 00:17:32.079 You know, because you're you're protected, yeah, which is good because it works for both sides. 00:17:32.240 --> 00:17:35.680 You're not the buyer's not paying 20,000, right? 00:17:35.839 --> 00:17:38.400 And the seller's winning extra 10,000. 00:17:38.640 --> 00:17:39.359 Yeah, exactly. 00:17:39.519 --> 00:17:46.079 It's a way to basically say, hey, I'm willing to pay whatever, yeah, 10,000. 00:17:46.160 --> 00:17:51.119 And uh if I need to, if there's like a gap in between, right? 00:17:51.279 --> 00:17:53.599 I'll pay 10,000 and we can leave it at that. 00:17:53.680 --> 00:18:00.400 So whatever whatever it appraises for, I'll go 10,000 above out of

my own pocket to cover like the difference. 00:18:00.640 --> 00:18:06.799 And then the rest is just, you know, it's just like free equity for you, I guess, in that in that sense. 00:18:07.039 --> 00:18:09.200 Because you you said you're good for 10,000. 00:18:09.359 --> 00:18:12.160 So hopefully it appraises for that, of course. 00:18:12.480 --> 00:18:15.440 Most of the time it will appraise for whatever you're submitting, right? 00:18:15.519 --> 00:18:21.039 Because generally your agent will do will bring up the comps and make sure that they're doing good by you. 00:18:21.200 --> 00:18:22.559 And sometimes you never know. 00:18:22.799 --> 00:18:24.240 It might be appraised for hire. 00:18:24.559 --> 00:18:25.039 Who knows? 00:18:25.759 --> 00:18:26.640 It depends on the appraiser. 00:18:26.880 --> 00:18:29.599 Yeah, but if it's a praise for hire, hey, you don't need to tell them anything. 00:18:29.759 --> 00:18:31.440 No, no, that means you're you're winning. 00:18:31.599 --> 00:18:32.400 Yeah, you're winning. 00:18:32.480 --> 00:18:35.920 You got more equity than you're you're for uh you're actually putting that. 00:18:36.240 --> 00:18:39.039 Yeah, so it's a win for the buyer, not for the seller. 00:18:39.200 --> 00:18:39.680 Exactly. 00:18:39.839 --> 00:18:41.519 But hey, maybe they're really motivated. 00:18:41.680 --> 00:18:43.039 Well, you're not gonna tell them, right? 00:18:43.440 --> 00:18:44.319 No, no, don't tell them. 00:18:44.400 --> 00:18:49.359 If you're working for the buyer's side, never disclose, just say, oh, I appraise what you submitted. 00:18:49.519 --> 00:18:50.079 Yeah, that's all. 00:18:50.319 --> 00:18:59.759 If you're working with the buyer's agent and you see that you have more equity in there because of the appraisal, your agent has a fiduciary duty to basically let them know we're good. 00:18:59.839 --> 00:19:01.839 The appraisal's all good and nothing more. 00:19:03.440 --> 00:19:07.680 Yeah, but yeah, that's basically one of the biggest things. 00:19:08.000 --> 00:19:11.279 Well, those are two of the biggest contingencies that you got to put in there. 00:19:11.519 --> 00:19:13.200 Mortgage contingency is another one. 00:19:13.359 --> 00:19:14.319 Very straightforward. 00:19:14.400 --> 00:19:19.759 If the bank rejects you for whatever reason, you're able to pull out and get your down deposit back. 00:19:19.920 --> 00:19:20.799 Pretty simple. 00:19:21.039 --> 00:19:26.640 And then uh another subject that we wanted to touch on was would you ever buy a home with a shared driveway? 00:19:26.880 --> 00:19:27.920 Honestly, no. 00:19:28.079 --> 00:19:30.400 I would never buy a house with a shared driveway. 00:19:30.640 --> 00:19:31.359 Reason why? 00:19:31.599 --> 00:19:34.559 It's gonna be complicated with neighbors, honestly. 00:19:35.119 --> 00:19:37.599 Yeah, with me, I don't want to deal with that at all. 00:19:37.759 --> 00:19:40.240 That's just my my opinion, right? 00:19:40.640 --> 00:19:43.200 But you know, it depends on uh the buyer. 00:19:43.359 --> 00:19:52.720 Maybe they don't mind sharing the drive with a neighbor, or because you know, some homes don't have driveways, and to find street parking, it could be a hassle, right? 00:19:53.279 --> 00:19:57.200 But my opinion, no, I want to buy a shared driveway. 00:19:57.440 --> 00:19:57.920 I gotcha. 00:19:58.079 --> 00:19:59.680 What about your your opinion? 00:20:00.079 --> 00:20:01.759 My opinion on the shared driveway. 00:20:01.839 --> 00:20:08.799 I feel like the only reason why I would buy a shared driveway if it if it had a really big backyard and I can I can fit multiple cars. 00:20:09.359 --> 00:20:19.440 Okay, yeah, that's a valid reason, and then you have enough space between the property lines and stuff where I can park my cars pretty nice and comfortably right there. 00:20:19.680 --> 00:20:28.880 If it's not like that and I have to share a driveway, but maybe it only accommodates like maybe one car, then if it's a beautiful home and a good neighborhood, I'll consider it. 00:20:29.039 --> 00:20:30.000 I'll definitely consider it. 00:20:30.160 --> 00:20:31.599 Okay, especially if the price is right. 00:20:31.839 --> 00:20:32.480 Price. 00:20:33.200 --> 00:20:33.680 Oh yeah. 00:20:34.079 --> 00:20:35.759 Everyone's gonna say if the price is right. 00:20:35.920 --> 00:20:36.319 Oh yeah. 00:20:36.480 --> 00:20:37.759 Everyone has a price, right? 00:20:37.839 --> 00:20:43.359 You could look at one of the ugliest homes and stuff like that, in your opinion, right? 00:20:43.519 --> 00:20:45.440 And say, I'm never gonna buy that. 00:20:45.680 --> 00:20:53.839 But if the price is right, you kind of go, like, well, maybe like the difference between this and getting it renovated, maybe it's worth it, you know? 00:20:55.039 --> 00:21:03.440 Yeah, as long as you're willing to put that sweat equity in there, do the repairs and and stuff, then sometimes you can find great deals. 00:21:03.680 --> 00:21:08.559 But generally for me, shared driveways, I try to stay away from those. 00:21:08.880 --> 00:21:18.480 In my opinion, if I ever buy a home in the future, I will probably end up um not wanting a shared driver. 00:21:18.720 --> 00:21:20.319 Well, buying a house. 00:21:20.559 --> 00:21:21.200 Yes. 00:21:22.000 --> 00:21:25.039 Because yeah, sometimes it's a hit or miss with the neighbors. 00:21:25.200 --> 00:21:25.680 Oh, yes. 00:21:25.759 --> 00:21:29.759 Yeah, and I don't want to deal with addicts, and that's just in my opinion. 00:21:30.240 --> 00:21:32.240 Yeah, no, absolutely. 00:21:32.400 --> 00:21:35.519 And I feel like um a lot of people will share that same sentiment. 00:21:35.680 --> 00:21:43.519 Whenever we're helping clients and stuff and we show them a shared driveway, most of the time they're like, probably don't want that. 00:21:43.839 --> 00:21:49.200 You know, they don't want to deal with the neighbor or yeah, it just brings a little bit of you know a headache for them. 00:21:49.440 --> 00:21:53.039 Because remember, also when it snows and stuff, who cleans it? 00:21:53.279 --> 00:21:53.920 Who cleans it? 00:21:54.240 --> 00:21:55.359 Is it half and half? 00:21:55.440 --> 00:21:57.680 Or right, or do they just leave it like that? 00:21:57.759 --> 00:21:59.440 Maybe they don't have cars that go inside. 00:22:00.079 --> 00:22:03.759 Leave it outside, then, but you have your cars that you want to put inside. 00:22:04.400 --> 00:22:07.039 Yeah, I really want to see who who would do it. 00:22:07.279 --> 00:22:10.880 Well, it would be the person, you know, to the left or the person to the right. 00:22:11.680 --> 00:22:13.680 No, you have to that that that's another thing. 00:22:13.759 --> 00:22:15.440 If you're gonna get a sure driveway, right? 00:22:15.519 --> 00:22:17.440 I feel like you want to talk to the neighbors. 00:22:17.839 --> 00:22:20.240 You want to talk to the neighbors before you move in, right? 00:22:20.480 --> 00:22:25.200 You want to feel them out, kind of introduce yourself and say, Hey, my name is Tom. 00:22:25.680 --> 00:22:29.920 No, I'm just thinking about being your neighbor, you know, thinking about buying that home. 00:22:30.000 --> 00:22:33.200 Just add a few questions if you don't have if you don't mind. 00:22:33.359 --> 00:22:37.519 And then most neighbors they'll they'll be pretty friendly and they'll be like, Yeah, no, no problem. 00:22:37.920 --> 00:22:41.359 What do you want to, you know, what do you want to uh know? 00:22:41.599 --> 00:22:46.319 And then you kind of discuss those things, bring them in subtly, and yeah, just get a feel for them. 00:22:46.400 --> 00:22:49.359 And then based off that, then you decide whether you want to move forward or not. 00:22:49.519 --> 00:22:50.720 Oh no, yeah, yeah. 00:22:50.880 --> 00:22:54.960 But I think um, yeah, I think that's pretty much all the subjects that we wanted to cover today. 00:22:55.119 --> 00:22:56.000 Chris, do you have anything else? 00:22:56.079 --> 00:22:57.519 Or uh no, we don't. 00:22:57.680 --> 00:22:59.839 Yeah, so yeah, thank you guys. 00:23:00.079 --> 00:23:04.799 Thank you for tuning in for this week's episode of the Buyers Real Estate Podcast. 00:23:04.880 --> 00:23:11.119 And again, if you have any questions whatsoever, please leave a comment below and we'll get back to it as soon as we can. 00:23:11.519 --> 00:23:14.319 Definitely like, give it a comment, and subscribe. 00:23:14.559 --> 00:23:17.920 Yeah, thank you guys, and have a great one. 00:23:19.119 --> 00:23:20.000 Bye guys.