WEBVTT
00:00:00.160 --> 00:00:03.919
Welcome to Beyond the Signs, where we pull back the curtain on the real estate world.
00:00:04.080 --> 00:00:09.839
We're here to guide you past the yard signs and into the heart of home buying, selling, and everything in between.
00:00:18.079 --> 00:00:20.320
Hey everybody, welcome back to Beyond the Signs.
00:00:20.399 --> 00:00:23.039
I'm Jacob Elmquiz Joy with Amy Wienan's Real Estate.
00:00:23.199 --> 00:00:26.320
I'm joined with Amy Schaefer with Remax Concepts.
00:00:26.640 --> 00:00:34.960
We are missing Janae today, but we got a great episode talking about a couple questions that people had that are for the buyer as well as the seller.
00:00:35.119 --> 00:00:40.640
So we thought we'd just address those and see if you guys had additional questions or see how we could possibly help.
00:00:40.799 --> 00:00:49.759
But first one that I was thinking about is if I'm a buyer, when is an appropriate time to think about or how long should I wait before I get started?
00:00:49.840 --> 00:00:50.880
Or even a seller as well.
00:00:50.960 --> 00:00:52.560
And you can take either of those.
00:00:52.799 --> 00:00:56.159
Yeah, as far as buyers, you mean to get ready to start looking to buy.
00:00:56.320 --> 00:00:56.479
Yeah.
00:00:56.880 --> 00:01:01.039
I would say whenever the time is right, there's no right or wrong time.
00:01:01.280 --> 00:01:06.319
If a move in your future and you're ready for it, I'd say get going on it.
00:01:06.480 --> 00:01:08.480
You know, you've got the time to start looking.
00:01:08.640 --> 00:01:12.159
Maybe it takes you three weeks, maybe it takes you three months.
00:01:12.239 --> 00:01:13.120
It just depends.
00:01:13.359 --> 00:01:20.079
And then you've got the time to put the offer in, and then maybe to close, you might be looking at 45, 50 days.
00:01:20.319 --> 00:01:23.840
You know, so now all of a sudden you're four months out, possibly.
00:01:24.000 --> 00:01:29.519
I would say kind of think about where you want to be, maybe a month or whatever, and then maybe work backwards.
00:01:29.840 --> 00:01:30.560
That's a great point.
00:01:30.640 --> 00:01:35.760
So if I write an offer and it gets accepted, how long then do I really have until like closing date?
00:01:36.079 --> 00:01:40.799
Yeah, some lenders will say 30 days, but I always say 40 to 50 days.
00:01:40.959 --> 00:01:42.799
And of course, it's gonna depend on the seller.
00:01:42.879 --> 00:01:47.200
If you're buying a vacant house, it could probably go quicker, you know, because the seller's already moved out.
00:01:47.439 --> 00:01:55.200
Maybe the seller doesn't want to move until 50 days because maybe they've got to get finished getting packed up and move to their next place.
00:01:55.439 --> 00:01:56.719
Yeah, I completely agree.
00:01:56.879 --> 00:02:01.760
I have got a little qu a question from buyers multiple times is are these appliances staying?
00:02:02.000 --> 00:02:03.920
What would you say to that specifically?
00:02:04.239 --> 00:02:15.680
I would say always write it down because on the sheets that we hand out to clients in our multiple listing pages, it might say seller is willing to leave the stove and refrigerator.
00:02:15.840 --> 00:02:19.199
Lots of times dishwasher, microwave are built in.
00:02:19.520 --> 00:02:24.080
But I would say as an agent to protect my clients, I always write those in.
00:02:24.240 --> 00:02:31.759
I always put that those specific appliances to remain with the property and at no extra charge or anything.
00:02:31.919 --> 00:02:40.240
But a realtor did come to me and say that she had not put those on because it said on the sheet that they were staying, and so she didn't write those.
00:02:40.800 --> 00:02:43.120
And unfortunately, those went with the seller.
00:02:43.280 --> 00:02:48.479
And so the buyer was pretty disappointed that they didn't get the appliances and they were expecting them.
00:02:48.879 --> 00:02:49.520
That would be rough.
00:02:49.919 --> 00:02:58.639
We had an instance at our office where clients went and looked at the house, obviously liked it, but then they wanted to look at a couple more, so they continued looking.
00:02:58.800 --> 00:03:02.479
And then a week later, they're like, okay, I actually want to write an offer on this place.
00:03:02.560 --> 00:03:05.280
They wrote an offer on it without going back to the house.
00:03:05.360 --> 00:03:16.800
But during that week period, the sellers removed the appliances and put it at their rental and then put the lower end appliances back in the house, but they didn't know that they were there because they didn't go back and view it.
00:03:16.879 --> 00:03:22.080
So everybody thought they were on the same page until it came close to closing time and yeah, you had some upset buyers.
00:03:22.240 --> 00:03:24.960
But always good to go back and take a look again.
00:03:25.439 --> 00:03:28.080
Yeah, especially if it sits in a little bit.
00:03:28.159 --> 00:03:28.479
Yes.
00:03:28.800 --> 00:03:29.120
I agree.
00:03:29.280 --> 00:03:29.840
I agree.
00:03:30.159 --> 00:03:31.120
What about listing?
00:03:31.280 --> 00:03:33.039
Let's say you're wanting to list your house.
00:03:33.199 --> 00:03:35.520
When is an appropriate time to start thinking about listing?
00:03:35.680 --> 00:03:36.560
Yeah, great question.
00:03:36.719 --> 00:03:42.639
I just actually had somebody today ask me, she her house is paid for and she's gonna be moving out of state.
00:03:42.960 --> 00:03:45.439
She was thinking maybe waiting till next year.
00:03:45.680 --> 00:03:48.960
I would say we can do whatever the client wants.
00:03:49.120 --> 00:03:54.639
However, you need to remember now we're in Iowa, so your house is just sitting with nobody there.
00:03:54.800 --> 00:04:00.080
We're gonna have winter, you need to hire somebody to remove snow from your sidewalk andor driveway.
00:04:00.319 --> 00:04:09.840
You want somebody to go in and check it frequently because the minute you're not using all of your appliances and water heaters and things like that, that's when that stuff's gonna decide to break.
00:04:09.919 --> 00:04:16.240
And then you get over there and now you've got wet carpet and you know, so you always want to make sure you have somebody maintaining it.
00:04:16.319 --> 00:04:20.879
But then that's extra work and you've got to still watch your house even though you're not there.
00:04:21.199 --> 00:04:24.000
I would say go ahead and get it on the market.
00:04:24.319 --> 00:04:29.120
Let's get it sold for you if it's a couple weeks or something before you get it moved.
00:04:29.279 --> 00:04:29.839
That's fine.
00:04:29.920 --> 00:04:33.120
But I would not probably leave it set for months at a time.
00:04:33.360 --> 00:04:33.680
Yeah.
00:04:34.319 --> 00:04:43.360
There's things that we can write in as well that would allow you to find your next place if that's what you're needing to do, or if that's the circumstance that you're in.
00:04:43.519 --> 00:04:47.759
So we have that opportunity for you to be able to find your next place if you need be.
00:04:48.079 --> 00:04:49.519
So you have that opportunity.
00:04:49.759 --> 00:04:51.199
Yeah, what if it sits for a little bit?
00:04:51.360 --> 00:04:53.199
That's a question I get a lot from my sellers.
00:04:53.279 --> 00:04:55.519
Hey, when are we gonna make a price adjustment?
00:04:55.600 --> 00:04:57.040
Do we need to make a price adjustment?
00:04:57.279 --> 00:04:58.480
Yeah, what do you tell people?
00:04:58.720 --> 00:05:07.040
I tell them based on what activity we're getting, based on what activity we're getting from the market as well as the motivation from my seller.
00:05:07.199 --> 00:05:13.279
If my seller is rearing a go, wanting to get this place off, we're gonna make the price adjustment that that feels necessary.
00:05:13.600 --> 00:05:18.560
But if we're not getting any showings, that's the market kind of telling us something as well.
00:05:18.800 --> 00:05:19.279
Exactly.
00:05:19.360 --> 00:05:20.560
Yep, exactly.
00:05:20.720 --> 00:05:24.000
Yeah, and if other feedback comes back, of course, we're gonna address it.
00:05:24.160 --> 00:05:26.800
We always give honest feedback, good or bad.
00:05:26.959 --> 00:05:28.800
And if it's something we can change, great.
00:05:28.879 --> 00:05:32.879
And if everybody comes back and the bedrooms are too small, obviously there's nothing we can change.
00:05:32.959 --> 00:05:34.959
So maybe it is a price thing.
00:05:35.759 --> 00:05:37.360
All right, sellers disclosures.
00:05:37.519 --> 00:05:39.279
What why are they kind of important?
00:05:39.920 --> 00:05:46.160
It's a chance for the seller to disclose what they know about their property, it's their form, they're gonna fill it out.
00:05:46.399 --> 00:05:48.079
Realtor is not filling it out.
00:05:48.240 --> 00:05:52.079
It's a chance for them to disclose what they know, good or bad, about the house.
00:05:52.240 --> 00:05:59.920
And I also tell my sellers it's also the little brag sheet, you know, because otherwise, other than public comments, there's nowhere else to put that.
00:06:00.000 --> 00:06:02.079
Maybe you just put in a nice composite deck.
00:06:02.240 --> 00:06:04.399
Maybe you dispensed in the backyard.
00:06:04.720 --> 00:06:08.000
Maybe you put in, well, especially with all that hail this year.
00:06:08.160 --> 00:06:11.439
Maybe your house now has all new siding all the way around.
00:06:11.600 --> 00:06:14.480
Maybe it's got a new roof, new screens, new windows.
00:06:14.879 --> 00:06:20.480
What about that stuff where you can clearly sell to those sellers like, uh, I don't know if I want to tell this.
00:06:20.800 --> 00:06:22.399
What do you tell them for that part?
00:06:22.639 --> 00:06:24.240
I say disclose what you know.
00:06:24.399 --> 00:06:32.399
Don't hide anything because, of course, if you were on buyer's shoes, you'd want honest information so that you could make an educated decision.
00:06:32.560 --> 00:06:43.120
And plus, if you had gotten water in your basement, good or bad, whether it was, I always say self-inflicted, let's just say the water heater leaked all over and you had to replace some carpet around it.
00:06:43.279 --> 00:06:50.560
I would still disclose it because if the neighbor saw you hauling carpet out, they're gonna tell that new buyer, I saw them, they had water, you know.
00:06:50.800 --> 00:06:53.120
So I always say, disclose what you know.
00:06:53.199 --> 00:06:56.560
It's it's just be honest and truthful the best way.
00:06:56.800 --> 00:07:00.240
That's super helpful for the buyers so they kind of know what they're getting into as well.
00:07:00.399 --> 00:07:07.279
Even if it is, like Amy said, just a little bit of water because the the gutters are we just need to make sure we clean the gutters every year or whatever.
00:07:07.360 --> 00:07:08.319
We see that quite often.
00:07:08.480 --> 00:07:09.279
We're in Iowa.
00:07:09.600 --> 00:07:14.079
We understand that there's a possibility of getting some moisture or wet wetness in the basement.
00:07:14.160 --> 00:07:19.040
But just disclosing, like Amy said, what you know is is super helpful for everybody involved.
00:07:19.360 --> 00:07:20.319
I agree.
00:07:21.199 --> 00:07:25.279
Okay, well, that wraps up our question and answers for today.
00:07:25.519 --> 00:07:28.240
Join us next week on Beyond the Signs.
00:00:00.160 --> 00:00:03.919
Welcome to Beyond the Signs, where we pull back the curtain on the real estate world.
00:00:04.080 --> 00:00:09.839
We're here to guide you past the yard signs and into the heart of home buying, selling, and everything in between.
00:00:18.079 --> 00:00:20.320
Hey everybody, welcome back to Beyond the Signs.
00:00:20.399 --> 00:00:23.039
I'm Jacob Elmquiz Joy with Amy Wienan's Real Estate.
00:00:23.199 --> 00:00:26.320
I'm joined with Amy Schaefer with Remax Concepts.
00:00:26.640 --> 00:00:34.960
We are missing Janae today, but we got a great episode talking about a couple questions that people had that are for the buyer as well as the seller.
00:00:35.119 --> 00:00:40.640
So we thought we'd just address those and see if you guys had additional questions or see how we could possibly help.
00:00:40.799 --> 00:00:49.759
But first one that I was thinking about is if I'm a buyer, when is an appropriate time to think about or how long should I wait before I get started?
00:00:49.840 --> 00:00:50.880
Or even a seller as well.
00:00:50.960 --> 00:00:52.560
And you can take either of those.
00:00:52.799 --> 00:00:56.159
Yeah, as far as buyers, you mean to get ready to start looking to buy.
00:00:56.320 --> 00:00:56.479
Yeah.
00:00:56.880 --> 00:01:01.039
I would say whenever the time is right, there's no right or wrong time.
00:01:01.280 --> 00:01:06.319
If a move in your future and you're ready for it, I'd say get going on it.
00:01:06.480 --> 00:01:08.480
You know, you've got the time to start looking.
00:01:08.640 --> 00:01:12.159
Maybe it takes you three weeks, maybe it takes you three months.
00:01:12.239 --> 00:01:13.120
It just depends.
00:01:13.359 --> 00:01:20.079
And then you've got the time to put the offer in, and then maybe to close, you might be looking at 45, 50 days.
00:01:20.319 --> 00:01:23.840
You know, so now all of a sudden you're four months out, possibly.
00:01:24.000 --> 00:01:29.519
I would say kind of think about where you want to be, maybe a month or whatever, and then maybe work backwards.
00:01:29.840 --> 00:01:30.560
That's a great point.
00:01:30.640 --> 00:01:35.760
So if I write an offer and it gets accepted, how long then do I really have until like closing date?
00:01:36.079 --> 00:01:40.799
Yeah, some lenders will say 30 days, but I always say 40 to 50 days.
00:01:40.959 --> 00:01:42.799
And of course, it's gonna depend on the seller.
00:01:42.879 --> 00:01:47.200
If you're buying a vacant house, it could probably go quicker, you know, because the seller's already moved out.
00:01:47.439 --> 00:01:55.200
Maybe the seller doesn't want to move until 50 days because maybe they've got to get finished getting packed up and move to their next place.
00:01:55.439 --> 00:01:56.719
Yeah, I completely agree.
00:01:56.879 --> 00:02:01.760
I have got a little qu a question from buyers multiple times is are these appliances staying?
00:02:02.000 --> 00:02:03.920
What would you say to that specifically?
00:02:04.239 --> 00:02:15.680
I would say always write it down because on the sheets that we hand out to clients in our multiple listing pages, it might say seller is willing to leave the stove and refrigerator.
00:02:15.840 --> 00:02:19.199
Lots of times dishwasher, microwave are built in.
00:02:19.520 --> 00:02:24.080
But I would say as an agent to protect my clients, I always write those in.
00:02:24.240 --> 00:02:31.759
I always put that those specific appliances to remain with the property and at no extra charge or anything.
00:02:31.919 --> 00:02:40.240
But a realtor did come to me and say that she had not put those on because it said on the sheet that they were staying, and so she didn't write those.
00:02:40.800 --> 00:02:43.120
And unfortunately, those went with the seller.
00:02:43.280 --> 00:02:48.479
And so the buyer was pretty disappointed that they didn't get the appliances and they were expecting them.
00:02:48.879 --> 00:02:49.520
That would be rough.
00:02:49.919 --> 00:02:58.639
We had an instance at our office where clients went and looked at the house, obviously liked it, but then they wanted to look at a couple more, so they continued looking.
00:02:58.800 --> 00:03:02.479
And then a week later, they're like, okay, I actually want to write an offer on this place.
00:03:02.560 --> 00:03:05.280
They wrote an offer on it without going back to the house.
00:03:05.360 --> 00:03:16.800
But during that week period, the sellers removed the appliances and put it at their rental and then put the lower end appliances back in the house, but they didn't know that they were there because they didn't go back and view it.
00:03:16.879 --> 00:03:22.080
So everybody thought they were on the same page until it came close to closing time and yeah, you had some upset buyers.
00:03:22.240 --> 00:03:24.960
But always good to go back and take a look again.
00:03:25.439 --> 00:03:28.080
Yeah, especially if it sits in a little bit.
00:03:28.159 --> 00:03:28.479
Yes.
00:03:28.800 --> 00:03:29.120
I agree.
00:03:29.280 --> 00:03:29.840
I agree.
00:03:30.159 --> 00:03:31.120
What about listing?
00:03:31.280 --> 00:03:33.039
Let's say you're wanting to list your house.
00:03:33.199 --> 00:03:35.520
When is an appropriate time to start thinking about listing?
00:03:35.680 --> 00:03:36.560
Yeah, great question.
00:03:36.719 --> 00:03:42.639
I just actually had somebody today ask me, she her house is paid for and she's gonna be moving out of state.
00:03:42.960 --> 00:03:45.439
She was thinking maybe waiting till next year.
00:03:45.680 --> 00:03:48.960
I would say we can do whatever the client wants.
00:03:49.120 --> 00:03:54.639
However, you need to remember now we're in Iowa, so your house is just sitting with nobody there.
00:03:54.800 --> 00:04:00.080
We're gonna have winter, you need to hire somebody to remove snow from your sidewalk andor driveway.
00:04:00.319 --> 00:04:09.840
You want somebody to go in and check it frequently because the minute you're not using all of your appliances and water heaters and things like that, that's when that stuff's gonna decide to break.
00:04:09.919 --> 00:04:16.240
And then you get over there and now you've got wet carpet and you know, so you always want to make sure you have somebody maintaining it.
00:04:16.319 --> 00:04:20.879
But then that's extra work and you've got to still watch your house even though you're not there.
00:04:21.199 --> 00:04:24.000
I would say go ahead and get it on the market.
00:04:24.319 --> 00:04:29.120
Let's get it sold for you if it's a couple weeks or something before you get it moved.
00:04:29.279 --> 00:04:29.839
That's fine.
00:04:29.920 --> 00:04:33.120
But I would not probably leave it set for months at a time.
00:04:33.360 --> 00:04:33.680
Yeah.
00:04:34.319 --> 00:04:43.360
There's things that we can write in as well that would allow you to find your next place if that's what you're needing to do, or if that's the circumstance that you're in.
00:04:43.519 --> 00:04:47.759
So we have that opportunity for you to be able to find your next place if you need be.
00:04:48.079 --> 00:04:49.519
So you have that opportunity.
00:04:49.759 --> 00:04:51.199
Yeah, what if it sits for a little bit?
00:04:51.360 --> 00:04:53.199
That's a question I get a lot from my sellers.
00:04:53.279 --> 00:04:55.519
Hey, when are we gonna make a price adjustment?
00:04:55.600 --> 00:04:57.040
Do we need to make a price adjustment?
00:04:57.279 --> 00:04:58.480
Yeah, what do you tell people?
00:04:58.720 --> 00:05:07.040
I tell them based on what activity we're getting, based on what activity we're getting from the market as well as the motivation from my seller.
00:05:07.199 --> 00:05:13.279
If my seller is rearing a go, wanting to get this place off, we're gonna make the price adjustment that that feels necessary.
00:05:13.600 --> 00:05:18.560
But if we're not getting any showings, that's the market kind of telling us something as well.
00:05:18.800 --> 00:05:19.279
Exactly.
00:05:19.360 --> 00:05:20.560
Yep, exactly.
00:05:20.720 --> 00:05:24.000
Yeah, and if other feedback comes back, of course, we're gonna address it.
00:05:24.160 --> 00:05:26.800
We always give honest feedback, good or bad.
00:05:26.959 --> 00:05:28.800
And if it's something we can change, great.
00:05:28.879 --> 00:05:32.879
And if everybody comes back and the bedrooms are too small, obviously there's nothing we can change.
00:05:32.959 --> 00:05:34.959
So maybe it is a price thing.
00:05:35.759 --> 00:05:37.360
All right, sellers disclosures.
00:05:37.519 --> 00:05:39.279
What why are they kind of important?
00:05:39.920 --> 00:05:46.160
It's a chance for the seller to disclose what they know about their property, it's their form, they're gonna fill it out.
00:05:46.399 --> 00:05:48.079
Realtor is not filling it out.
00:05:48.240 --> 00:05:52.079
It's a chance for them to disclose what they know, good or bad, about the house.
00:05:52.240 --> 00:05:59.920
And I also tell my sellers it's also the little brag sheet, you know, because otherwise, other than public comments, there's nowhere else to put that.
00:06:00.000 --> 00:06:02.079
Maybe you just put in a nice composite deck.
00:06:02.240 --> 00:06:04.399
Maybe you dispensed in the backyard.
00:06:04.720 --> 00:06:08.000
Maybe you put in, well, especially with all that hail this year.
00:06:08.160 --> 00:06:11.439
Maybe your house now has all new siding all the way around.
00:06:11.600 --> 00:06:14.480
Maybe it's got a new roof, new screens, new windows.
00:06:14.879 --> 00:06:20.480
What about that stuff where you can clearly sell to those sellers like, uh, I don't know if I want to tell this.
00:06:20.800 --> 00:06:22.399
What do you tell them for that part?
00:06:22.639 --> 00:06:24.240
I say disclose what you know.
00:06:24.399 --> 00:06:32.399
Don't hide anything because, of course, if you were on buyer's shoes, you'd want honest information so that you could make an educated decision.
00:06:32.560 --> 00:06:43.120
And plus, if you had gotten water in your basement, good or bad, whether it was, I always say self-inflicted, let's just say the water heater leaked all over and you had to replace some carpet around it.
00:06:43.279 --> 00:06:50.560
I would still disclose it because if the neighbor saw you hauling carpet out, they're gonna tell that new buyer, I saw them, they had water, you know.
00:06:50.800 --> 00:06:53.120
So I always say, disclose what you know.
00:06:53.199 --> 00:06:56.560
It's it's just be honest and truthful the best way.
00:06:56.800 --> 00:07:00.240
That's super helpful for the buyers so they kind of know what they're getting into as well.
00:07:00.399 --> 00:07:07.279
Even if it is, like Amy said, just a little bit of water because the the gutters are we just need to make sure we clean the gutters every year or whatever.
00:07:07.360 --> 00:07:08.319
We see that quite often.
00:07:08.480 --> 00:07:09.279
We're in Iowa.
00:07:09.600 --> 00:07:14.079
We understand that there's a possibility of getting some moisture or wet wetness in the basement.
00:07:14.160 --> 00:07:19.040
But just disclosing, like Amy said, what you know is is super helpful for everybody involved.
00:07:19.360 --> 00:07:20.319
I agree.
00:07:21.199 --> 00:07:25.279
Okay, well, that wraps up our question and answers for today.
00:07:25.519 --> 00:07:28.240
Join us next week on Beyond the Signs.
