11 MISTAKES…Buying a Home & How to Avoid Expensive Mistakes

Never buy these types of homes before asking these 11 questions. In this video Wayne details the major questions, the reasons why, and the stories behind the reasons to prevent you from making huge costly mistakes when buying real estate.

Wayne Turner has been in real estate for nearly 30 years. His mission is to simplify the real estate process so that everyone can understand it.

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*DISCLAIMER* The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with a financial advisor or lawyer.

[Bippityboppityboop]

My dad died when I was 19. This is the help I need in my life.

[SamMillerSells]

Wayne, The "As Is" info you provided will be SUPER helpful for a lot of people who had no idea that they could still have an inspection even though it was selling in "As Is" - Sam

[ElizabethAtkinson]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Karen Preston

[gracegirl]

Wayne, my neighbor bought a 3B2B residential home and is making it into 3 seperate apartments. He did all the work himself, added walls, a kitchen, etc with no permits. What kinds of legal problems is he facing going forward? Bank that holds mortgage? Homeowners insurance? Etc…

[hansd]

never assume anything! do you r research!! Wayne's 11 points are spot on

[rm]

MANY. MANY. THX 4 GREAT INFORMATIVE VIDEO
KEEP UP GREAT WORK

[hansd]

most mineral rights have been sold a long time ago. but if available get them!

[Jor-El-Earth]

I stumbled upon this video. Would be helpful if you clarified where you are. Some things I can say from past experience are not the same depending on the state/county. However alot of good general info.

[bryan]

Great Job do fabulous on these videos!

[juliebarnett]

They change non-flood zone to flood-zone sometimes, too.

[amazonkee]

As always thank you for this great information.❤❤

[dnavarre]

Mr Wayne, as a realtor I never miss your videos - it helps me keep up on my game and I share them with my clients.

[Flemfnbad]

Thanks Wayne . I appreciate you sharing your knowledge . As the father of a recent bride, I definitely took your advice ! I put pen to paper and wrote everything down . Should the day come when the kids are ready to buy their first house, I think we will be much more informed . Thank you sir .

[birdlady]

I bought an old house that had an oil run boiler, but they also had a wood fired boiler attached. Did inspection on close, found that they took out the wood fired boiler. I didn't think they could take out something like that.

[adamlaframboise]

The current chapter I'm reading in real property valuation

[xephael]

9:34 here's where I'll disagree or add to the conversation... *Do not worry about someone suing you for specific performance* on a real estate contract.

Real estate agents and sellers will try to threaten you with this, and pressure you to close on a property. If a seller for example was withholding mineral rights even though it wasn't mentioned in the purchase contract, it could be argued that they had an intent to deceive on the land sale.

If they do attempt to sue you for specific performance, the sale of the property is put on hold and hung up for however long it takes to be decided in the courts (which could actually be a few years).

They're basically shooting themselves in the foot trying to get money from you for backing out of the contract.

While contracts are important in real estate, they're often not worth the paper they're written on...

[noerodriguez]

My big question where can you get a load to buy land ? Nobody wants to lend for land

[bestkitchenreviews]

What area is the "1996 disclosure" a law in? Federal, or state by state law?

[lyceum]

If you adjust your playback to 75, a slower rate, Wayne sounds normal and is easier to listen to. No offense, Wayne, but you have a rapid speech pattern. Thank you for all the info!

[dlharris]

Great content! Thanks for sharing. I'm look at a few properties including raw land. Do you have a reccomended broker to work with in the Central Arkansas area?