[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.49,0:00:01.62,Default,,0000,0000,0000,,- So let's say that this house
Dialogue: 0,0:00:01.62,0:00:03.33,Default,,0000,0000,0000,,has been on the market\Nfor a couple of weeks,
Dialogue: 0,0:00:03.33,0:00:07.40,Default,,0000,0000,0000,,and the asking price is $310,000.
Dialogue: 0,0:00:07.40,0:00:08.82,Default,,0000,0000,0000,,And you say, well, you\Nknow this looks like
Dialogue: 0,0:00:08.82,0:00:10.07,Default,,0000,0000,0000,,the type of house, and\Nyou're in the market
Dialogue: 0,0:00:10.07,0:00:11.28,Default,,0000,0000,0000,,to buy a house, you say, "Hey this is
Dialogue: 0,0:00:11.28,0:00:13.25,Default,,0000,0000,0000,,"a type of house that I could imagine
Dialogue: 0,0:00:13.25,0:00:14.65,Default,,0000,0000,0000,,"me and my family living in.
Dialogue: 0,0:00:14.65,0:00:16.12,Default,,0000,0000,0000,,"I would like to buy this house."
Dialogue: 0,0:00:16.12,0:00:17.42,Default,,0000,0000,0000,,But you think, you know this price
Dialogue: 0,0:00:17.42,0:00:19.12,Default,,0000,0000,0000,,has been on the market\Nfor a couple of weeks.
Dialogue: 0,0:00:19.12,0:00:20.87,Default,,0000,0000,0000,,Maybe I think I could get\Na better deal than this,
Dialogue: 0,0:00:20.87,0:00:23.66,Default,,0000,0000,0000,,so you decide to make an offer.
Dialogue: 0,0:00:23.66,0:00:26.87,Default,,0000,0000,0000,,You decide to make an offer for,
Dialogue: 0,0:00:26.87,0:00:31.33,Default,,0000,0000,0000,,let's say, a little\Nbit less, for $300,000.
Dialogue: 0,0:00:31.33,0:00:33.35,Default,,0000,0000,0000,,So the question is, how do you go,
Dialogue: 0,0:00:33.35,0:00:35.44,Default,,0000,0000,0000,,or how does your agent go about
Dialogue: 0,0:00:35.44,0:00:38.68,Default,,0000,0000,0000,,actually making an offer?
Dialogue: 0,0:00:38.68,0:00:40.03,Default,,0000,0000,0000,,Well, the way it goes is, you don't just
Dialogue: 0,0:00:40.03,0:00:42.100,Default,,0000,0000,0000,,walk up to the seller,\Nor the seller's agent,
Dialogue: 0,0:00:42.100,0:00:45.70,Default,,0000,0000,0000,,and say, "Okay, we're\Ngonna offer you $300,000,"
Dialogue: 0,0:00:45.70,0:00:48.30,Default,,0000,0000,0000,,because they don't know\Nwhether you're serious.
Dialogue: 0,0:00:48.30,0:00:49.67,Default,,0000,0000,0000,,They don't know whether you actually
Dialogue: 0,0:00:49.67,0:00:52.08,Default,,0000,0000,0000,,have the money to do it, whether you are
Dialogue: 0,0:00:52.08,0:00:54.15,Default,,0000,0000,0000,,in a position to do it,\Nor whether you're just
Dialogue: 0,0:00:54.15,0:00:57.62,Default,,0000,0000,0000,,kind of playing around, or\Njust wasting their time.
Dialogue: 0,0:00:57.62,0:00:59.60,Default,,0000,0000,0000,,And so, to prove that you're\Nnot wasting their time,
Dialogue: 0,0:00:59.60,0:01:03.00,Default,,0000,0000,0000,,you create, or you fill out,
Dialogue: 0,0:01:03.00,0:01:05.56,Default,,0000,0000,0000,,an offer contract.
Dialogue: 0,0:01:06.50,0:01:08.10,Default,,0000,0000,0000,,So let's think about what should go,
Dialogue: 0,0:01:08.10,0:01:11.56,Default,,0000,0000,0000,,or what might go in an offer contract.
Dialogue: 0,0:01:16.28,0:01:21.17,Default,,0000,0000,0000,,So, likely your agent,\Nif you're using an agent,
Dialogue: 0,0:01:21.17,0:01:22.92,Default,,0000,0000,0000,,or even a real estate attorney,
Dialogue: 0,0:01:22.92,0:01:25.57,Default,,0000,0000,0000,,or you could even find some\Nof these forms on the web,
Dialogue: 0,0:01:25.57,0:01:28.45,Default,,0000,0000,0000,,you would create a contract,
Dialogue: 0,0:01:28.45,0:01:31.23,Default,,0000,0000,0000,,and there's some basic\Ninformation that you would want.
Dialogue: 0,0:01:31.23,0:01:33.87,Default,,0000,0000,0000,,You would obviously want info,
Dialogue: 0,0:01:33.87,0:01:36.41,Default,,0000,0000,0000,,info on the property,
Dialogue: 0,0:01:36.41,0:01:39.42,Default,,0000,0000,0000,,what's its address, the property,
Dialogue: 0,0:01:39.42,0:01:42.52,Default,,0000,0000,0000,,who's buying, yourself,
Dialogue: 0,0:01:42.52,0:01:45.58,Default,,0000,0000,0000,,so the buyer and the seller,
Dialogue: 0,0:01:45.58,0:01:46.75,Default,,0000,0000,0000,,this is just to kind of know, hey,
Dialogue: 0,0:01:46.75,0:01:48.20,Default,,0000,0000,0000,,what is this contract about?
Dialogue: 0,0:01:48.20,0:01:49.30,Default,,0000,0000,0000,,It's about this property,
Dialogue: 0,0:01:49.30,0:01:52.77,Default,,0000,0000,0000,,and who's getting into this contract,
Dialogue: 0,0:01:52.77,0:01:53.80,Default,,0000,0000,0000,,and then you'd want to put some
Dialogue: 0,0:01:53.80,0:01:56.47,Default,,0000,0000,0000,,information about the actual offer,
Dialogue: 0,0:01:56.47,0:01:59.28,Default,,0000,0000,0000,,so, you would put your offer in.
Dialogue: 0,0:01:59.28,0:02:03.67,Default,,0000,0000,0000,,You'd say, "Okay, I'm\Ngoing to offer $300,000."
Dialogue: 0,0:02:08.08,0:02:09.37,Default,,0000,0000,0000,,And then you also want\Nto prove that, look,
Dialogue: 0,0:02:09.37,0:02:11.87,Default,,0000,0000,0000,,you're not just playing around with them,
Dialogue: 0,0:02:11.87,0:02:13.25,Default,,0000,0000,0000,,that you're serious about this.
Dialogue: 0,0:02:13.25,0:02:17.23,Default,,0000,0000,0000,,This offer is made in\Nearnest, and so you will
Dialogue: 0,0:02:17.23,0:02:20.32,Default,,0000,0000,0000,,give a deposit when you\Nmake this offer contract,
Dialogue: 0,0:02:20.32,0:02:23.17,Default,,0000,0000,0000,,or it's typical to give a deposit,
Dialogue: 0,0:02:23.99,0:02:24.86,Default,,0000,0000,0000,,and it will vary.
Dialogue: 0,0:02:24.86,0:02:26.28,Default,,0000,0000,0000,,The higher the deposit, the better,
Dialogue: 0,0:02:26.28,0:02:28.51,Default,,0000,0000,0000,,because it shows the more earnest you are,
Dialogue: 0,0:02:28.51,0:02:30.62,Default,,0000,0000,0000,,the more serious that\Nyou are about actually
Dialogue: 0,0:02:30.62,0:02:32.66,Default,,0000,0000,0000,,going through with this offer contract.
Dialogue: 0,0:02:32.66,0:02:35.88,Default,,0000,0000,0000,,It's typical for these deposits\Nto be anywhere between,
Dialogue: 0,0:02:35.88,0:02:38.45,Default,,0000,0000,0000,,I've seen one percent, two\Npercent, three percent,
Dialogue: 0,0:02:38.45,0:02:41.48,Default,,0000,0000,0000,,four percent, five percent\Nof the actual home price.
Dialogue: 0,0:02:41.48,0:02:43.83,Default,,0000,0000,0000,,Three percent is what\NI'm most familiar with,
Dialogue: 0,0:02:43.83,0:02:45.08,Default,,0000,0000,0000,,but it doesn't have to be three percent.
Dialogue: 0,0:02:45.08,0:02:47.86,Default,,0000,0000,0000,,It's really, this is just\Nan indicator to the seller
Dialogue: 0,0:02:47.86,0:02:49.30,Default,,0000,0000,0000,,that you're serious about this.
Dialogue: 0,0:02:49.30,0:02:51.23,Default,,0000,0000,0000,,So you're gonna write a check right now,
Dialogue: 0,0:02:51.23,0:02:53.00,Default,,0000,0000,0000,,along with the offer contract,
Dialogue: 0,0:02:53.00,0:02:55.56,Default,,0000,0000,0000,,for let's just say three\Npercent of the offer price.
Dialogue: 0,0:02:55.56,0:02:58.21,Default,,0000,0000,0000,,So three percent of $300,000
Dialogue: 0,0:02:58.21,0:03:03.18,Default,,0000,0000,0000,,is $9,000, that's a $9,000 check.
Dialogue: 0,0:03:03.18,0:03:04.71,Default,,0000,0000,0000,,Some places, it's not a percentage,
Dialogue: 0,0:03:04.71,0:03:06.65,Default,,0000,0000,0000,,some people say, "Okay,\Nyou just give $1,000,
Dialogue: 0,0:03:06.65,0:03:09.05,Default,,0000,0000,0000,,"or give $2,000," whatever it is.
Dialogue: 0,0:03:09.05,0:03:11.65,Default,,0000,0000,0000,,But this money, once\Nagain, this is a check
Dialogue: 0,0:03:11.65,0:03:13.66,Default,,0000,0000,0000,,that you're writing\Nwith the offer contract.
Dialogue: 0,0:03:13.66,0:03:16.15,Default,,0000,0000,0000,,This shows that you\Nare serious about this,
Dialogue: 0,0:03:16.15,0:03:17.90,Default,,0000,0000,0000,,that if for whatever reason you don't meet
Dialogue: 0,0:03:17.90,0:03:21.10,Default,,0000,0000,0000,,your end of the contract, then the seller
Dialogue: 0,0:03:21.10,0:03:23.33,Default,,0000,0000,0000,,might be able to just keep this money,
Dialogue: 0,0:03:23.33,0:03:28.07,Default,,0000,0000,0000,,so this shows that you are serious.
Dialogue: 0,0:03:28.53,0:03:31.53,Default,,0000,0000,0000,,This shows that you\Nare serious right here,
Dialogue: 0,0:03:31.53,0:03:32.96,Default,,0000,0000,0000,,that they should take you seriously,
Dialogue: 0,0:03:32.96,0:03:35.12,Default,,0000,0000,0000,,and that they should\Ngo through the process
Dialogue: 0,0:03:35.12,0:03:39.42,Default,,0000,0000,0000,,of trying to close on this property,
Dialogue: 0,0:03:39.42,0:03:42.67,Default,,0000,0000,0000,,and we'll talk in future videos\Nmore about what closing is.
Dialogue: 0,0:03:42.67,0:03:43.86,Default,,0000,0000,0000,,Now, you're probably\Nthinking, "Okay, look,
Dialogue: 0,0:03:43.86,0:03:45.80,Default,,0000,0000,0000,,"I'm just not gonna buy this outright.
Dialogue: 0,0:03:45.80,0:03:47.57,Default,,0000,0000,0000,,"I've toured the home, I like it.
Dialogue: 0,0:03:47.57,0:03:49.06,Default,,0000,0000,0000,,"I like the neighborhood, it seems to be
Dialogue: 0,0:03:49.06,0:03:51.25,Default,,0000,0000,0000,,"in good condition, but\NI don't know for a fact
Dialogue: 0,0:03:51.25,0:03:52.18,Default,,0000,0000,0000,,"that it's in good condition,
Dialogue: 0,0:03:52.18,0:03:54.38,Default,,0000,0000,0000,,"unless I have a chance to inspect it,
Dialogue: 0,0:03:54.38,0:03:56.90,Default,,0000,0000,0000,,"unless I have a chance to\Nget some experts in there
Dialogue: 0,0:03:56.90,0:03:59.61,Default,,0000,0000,0000,,"and make sure that the\Nhouse is in good condition."
Dialogue: 0,0:03:59.61,0:04:02.23,Default,,0000,0000,0000,,And to make sure of that, it's typical
Dialogue: 0,0:04:02.23,0:04:06.84,Default,,0000,0000,0000,,to throw some contingencies\Nin your offer contract.
Dialogue: 0,0:04:10.57,0:04:12.77,Default,,0000,0000,0000,,Now, the most typical contingencies
Dialogue: 0,0:04:12.77,0:04:16.55,Default,,0000,0000,0000,,are things like inspections,\Nso you might want to
Dialogue: 0,0:04:16.55,0:04:20.54,Default,,0000,0000,0000,,inspect for termites, you want\Nto inspect the foundation,
Dialogue: 0,0:04:20.54,0:04:23.43,Default,,0000,0000,0000,,you want to inspect the\Nplumbing, the electrical,
Dialogue: 0,0:04:23.43,0:04:25.30,Default,,0000,0000,0000,,and make sure that it's\Nall on the up and up.
Dialogue: 0,0:04:25.30,0:04:27.58,Default,,0000,0000,0000,,If something comes up in the inspection
Dialogue: 0,0:04:27.58,0:04:30.33,Default,,0000,0000,0000,,that makes this house not\Nwhat you thought it was,
Dialogue: 0,0:04:30.33,0:04:33.12,Default,,0000,0000,0000,,it allows you to get out of this contract,
Dialogue: 0,0:04:33.12,0:04:35.83,Default,,0000,0000,0000,,and hopefully get your deposit back.
Dialogue: 0,0:04:35.83,0:04:36.96,Default,,0000,0000,0000,,Now, other things that you might want to
Dialogue: 0,0:04:36.96,0:04:39.32,Default,,0000,0000,0000,,put a contingency on, well you think that
Dialogue: 0,0:04:39.32,0:04:41.28,Default,,0000,0000,0000,,you're going to be able to get $300,000.
Dialogue: 0,0:04:41.28,0:04:43.86,Default,,0000,0000,0000,,Maybe you have saved enough for a deposit.
Dialogue: 0,0:04:43.86,0:04:45.42,Default,,0000,0000,0000,,You've saved, let's\Nsay 20 percent of this,
Dialogue: 0,0:04:45.42,0:04:48.47,Default,,0000,0000,0000,,so you have saved say, $60,000,
Dialogue: 0,0:04:48.47,0:04:51.24,Default,,0000,0000,0000,,or maybe you've saved 70\Nor 80 thousand dollars,
Dialogue: 0,0:04:51.24,0:04:53.89,Default,,0000,0000,0000,,'cause you also need some\Nextra money for closing costs,
Dialogue: 0,0:04:53.89,0:04:55.44,Default,,0000,0000,0000,,and whatever else, and\Nwe'll talk about that
Dialogue: 0,0:04:55.44,0:04:57.46,Default,,0000,0000,0000,,in future videos, and\Nmaybe to buy furniture,
Dialogue: 0,0:04:57.46,0:05:00.49,Default,,0000,0000,0000,,whatever else, so you've saved\N70 or 80 thousand dollars,
Dialogue: 0,0:05:00.49,0:05:03.06,Default,,0000,0000,0000,,but the remainder of it,\Nyou're going to need to borrow.
Dialogue: 0,0:05:03.06,0:05:04.39,Default,,0000,0000,0000,,And you're going to need\Nto borrow it from a bank.
Dialogue: 0,0:05:04.39,0:05:05.81,Default,,0000,0000,0000,,The bank has written a\Nletter to you saying,
Dialogue: 0,0:05:05.81,0:05:08.26,Default,,0000,0000,0000,,"Hey, based on your income\Nand your credit score,
Dialogue: 0,0:05:08.26,0:05:11.86,Default,,0000,0000,0000,,"we feel we have pre-approved your loan,
Dialogue: 0,0:05:11.86,0:05:13.78,Default,,0000,0000,0000,,"we think you're going to get the loan."
Dialogue: 0,0:05:13.78,0:05:16.44,Default,,0000,0000,0000,,But that's not the same thing\Nas actually getting the loan.
Dialogue: 0,0:05:16.44,0:05:18.99,Default,,0000,0000,0000,,Something might happen,\Nthe bank might realize
Dialogue: 0,0:05:18.99,0:05:20.54,Default,,0000,0000,0000,,that they didn't notice\Nsomething about you,
Dialogue: 0,0:05:20.54,0:05:22.69,Default,,0000,0000,0000,,or the financing conditions might change
Dialogue: 0,0:05:22.69,0:05:24.74,Default,,0000,0000,0000,,in between the time that\Nyou got your pre-approval
Dialogue: 0,0:05:24.74,0:05:27.66,Default,,0000,0000,0000,,and the time that you\Nactually need your loan.
Dialogue: 0,0:05:27.66,0:05:29.54,Default,,0000,0000,0000,,So another typical contingency\Nthat you might have
Dialogue: 0,0:05:29.54,0:05:31.78,Default,,0000,0000,0000,,is a financing contingency saying,
Dialogue: 0,0:05:31.78,0:05:34.22,Default,,0000,0000,0000,,"Look, I really do want to buy this house,
Dialogue: 0,0:05:34.22,0:05:36.36,Default,,0000,0000,0000,,"but I'm clearly not\Ngoing to be able to buy it
Dialogue: 0,0:05:36.36,0:05:38.84,Default,,0000,0000,0000,,"unless I get some financing."
Dialogue: 0,0:05:38.84,0:05:40.58,Default,,0000,0000,0000,,And then other things that might be there
Dialogue: 0,0:05:40.58,0:05:43.08,Default,,0000,0000,0000,,are things like insurance.
Dialogue: 0,0:05:43.08,0:05:45.54,Default,,0000,0000,0000,,Why would you need a\Ncontingency on insurance?
Dialogue: 0,0:05:45.54,0:05:47.21,Default,,0000,0000,0000,,Now this one's less typical,
Dialogue: 0,0:05:47.21,0:05:48.74,Default,,0000,0000,0000,,so I'll put a little asterisk there.
Dialogue: 0,0:05:48.74,0:05:52.08,Default,,0000,0000,0000,,Well, there might be a place\Nthat has a lot of floods,
Dialogue: 0,0:05:52.08,0:05:53.44,Default,,0000,0000,0000,,and the old owner had flood insurance
Dialogue: 0,0:05:53.44,0:05:54.61,Default,,0000,0000,0000,,just because they already owned it,
Dialogue: 0,0:05:54.61,0:05:57.04,Default,,0000,0000,0000,,but now the insurance\Ncompanies aren't issuing
Dialogue: 0,0:05:57.04,0:05:59.26,Default,,0000,0000,0000,,new insurance, because\Nit's so prone to flooding,
Dialogue: 0,0:05:59.26,0:06:00.32,Default,,0000,0000,0000,,or something like that,
Dialogue: 0,0:06:00.32,0:06:02.57,Default,,0000,0000,0000,,so flooding insurance might be there.
Dialogue: 0,0:06:02.57,0:06:05.99,Default,,0000,0000,0000,,There's a clear title,\Nis obviously something
Dialogue: 0,0:06:05.99,0:06:10.08,Default,,0000,0000,0000,,that you would need if you\Nwanted to buy this house,
Dialogue: 0,0:06:10.08,0:06:12.02,Default,,0000,0000,0000,,or that you probably should need,
Dialogue: 0,0:06:12.02,0:06:14.72,Default,,0000,0000,0000,,and once again there's\Nother videos on that.
Dialogue: 0,0:06:14.72,0:06:17.04,Default,,0000,0000,0000,,So these are all things that\Nif, for whatever reason,
Dialogue: 0,0:06:17.04,0:06:21.24,Default,,0000,0000,0000,,if these things fall through,\Nit allows you to unwind it.
Dialogue: 0,0:06:21.24,0:06:23.41,Default,,0000,0000,0000,,Now if you're in a really\Nhot real estate market,
Dialogue: 0,0:06:23.41,0:06:25.44,Default,,0000,0000,0000,,where there's many, many people bidding
Dialogue: 0,0:06:25.44,0:06:27.91,Default,,0000,0000,0000,,on the same property, and\Nsome of them are coming
Dialogue: 0,0:06:27.91,0:06:30.84,Default,,0000,0000,0000,,with really juicy offers,
Dialogue: 0,0:06:30.84,0:06:32.58,Default,,0000,0000,0000,,where maybe they're\Noffering to pay it in cash,
Dialogue: 0,0:06:32.58,0:06:33.87,Default,,0000,0000,0000,,or they're offering other things,
Dialogue: 0,0:06:33.87,0:06:38.42,Default,,0000,0000,0000,,then it's not atypical to\Nhave fewer contingencies,
Dialogue: 0,0:06:38.42,0:06:40.44,Default,,0000,0000,0000,,because, remember, from\Nthe seller's point of view,
Dialogue: 0,0:06:40.44,0:06:44.11,Default,,0000,0000,0000,,they want the most serious buyer,
Dialogue: 0,0:06:44.11,0:06:46.91,Default,,0000,0000,0000,,and if someone is willing to\Nwaive their contingencies,
Dialogue: 0,0:06:46.91,0:06:48.71,Default,,0000,0000,0000,,they're like, "Hey, look,\NI know this is crazy,
Dialogue: 0,0:06:48.71,0:06:51.10,Default,,0000,0000,0000,,"but I'm just willing to get the house
Dialogue: 0,0:06:51.10,0:06:53.03,Default,,0000,0000,0000,,"in whatever condition it is,"
Dialogue: 0,0:06:53.03,0:06:55.36,Default,,0000,0000,0000,,that's a lot more\Nattractive to the seller,
Dialogue: 0,0:06:55.36,0:06:58.11,Default,,0000,0000,0000,,because the seller feels\Ngood that the transaction
Dialogue: 0,0:06:58.11,0:07:00.74,Default,,0000,0000,0000,,won't fall through because\Nof one of these things.
Dialogue: 0,0:07:00.74,0:07:02.96,Default,,0000,0000,0000,,But that's in a very, very,\Nvery hot real estate market.
Dialogue: 0,0:07:02.96,0:07:04.52,Default,,0000,0000,0000,,In a more typical real estate market,
Dialogue: 0,0:07:04.52,0:07:06.84,Default,,0000,0000,0000,,I suggest you talk to people, realtors,
Dialogue: 0,0:07:06.84,0:07:07.48,Default,,0000,0000,0000,,other people in the industry,
Dialogue: 0,0:07:07.48,0:07:09.64,Default,,0000,0000,0000,,to figure out what's\Ngoing on in your market.
Dialogue: 0,0:07:09.64,0:07:11.86,Default,,0000,0000,0000,,It's more typical to have stuff like this,
Dialogue: 0,0:07:11.86,0:07:16.40,Default,,0000,0000,0000,,especially the inspections,\Nthe financing, and the title.
Dialogue: 0,0:07:16.40,0:07:17.58,Default,,0000,0000,0000,,Now, the last part of it,
Dialogue: 0,0:07:17.58,0:07:19.52,Default,,0000,0000,0000,,and I'm glazing over a lot of details,
Dialogue: 0,0:07:19.52,0:07:20.99,Default,,0000,0000,0000,,in future videos, we\Nmight actually look at
Dialogue: 0,0:07:20.99,0:07:22.64,Default,,0000,0000,0000,,an actual offer contract,
Dialogue: 0,0:07:22.64,0:07:25.57,Default,,0000,0000,0000,,you would want to throw\Nout the closing date.
Dialogue: 0,0:07:28.68,0:07:30.58,Default,,0000,0000,0000,,So it may be this offer contract,
Dialogue: 0,0:07:30.58,0:07:33.78,Default,,0000,0000,0000,,let's say it's made on
Dialogue: 0,0:07:33.78,0:07:38.66,Default,,0000,0000,0000,,October 15th of 2015,
Dialogue: 0,0:07:38.66,0:07:40.28,Default,,0000,0000,0000,,and let's say that you want to close,
Dialogue: 0,0:07:40.28,0:07:42.10,Default,,0000,0000,0000,,so that you want all of\Nthis stuff to get done,
Dialogue: 0,0:07:42.10,0:07:44.42,Default,,0000,0000,0000,,and you actually want to get the seller
Dialogue: 0,0:07:44.42,0:07:46.62,Default,,0000,0000,0000,,the whole amount of the money,
Dialogue: 0,0:07:46.62,0:07:48.78,Default,,0000,0000,0000,,and you want to get\Nthe title to the house,
Dialogue: 0,0:07:48.78,0:07:50.90,Default,,0000,0000,0000,,let's say you want to\Nhave it in two months,
Dialogue: 0,0:07:50.90,0:07:55.80,Default,,0000,0000,0000,,so 12/15/2015.
Dialogue: 0,0:07:55.80,0:07:58.78,Default,,0000,0000,0000,,And once again, from a\Nseller's point of view,
Dialogue: 0,0:07:58.78,0:08:01.52,Default,,0000,0000,0000,,the closer in this closing\Ndate, the more that they
Dialogue: 0,0:08:01.52,0:08:04.68,Default,,0000,0000,0000,,feel good that this transaction\Nis actually going to happen.
Dialogue: 0,0:08:04.68,0:08:07.57,Default,,0000,0000,0000,,So if you wanted to make a very\Ntempting offer to a seller,
Dialogue: 0,0:08:07.57,0:08:10.67,Default,,0000,0000,0000,,you would have as few\Ncontingencies as possible,
Dialogue: 0,0:08:10.67,0:08:13.22,Default,,0000,0000,0000,,and you would make this closing\Ndate as soon as possible,
Dialogue: 0,0:08:13.22,0:08:15.97,Default,,0000,0000,0000,,but if it's not a super-hot\Nreal estate market,
Dialogue: 0,0:08:15.97,0:08:18.13,Default,,0000,0000,0000,,you don't need to go\Nthrough all of that trouble,
Dialogue: 0,0:08:18.13,0:08:20.67,Default,,0000,0000,0000,,and it's fairly prudent\Nto get inspections,
Dialogue: 0,0:08:20.67,0:08:22.55,Default,,0000,0000,0000,,and have contingencies on all of these,
Dialogue: 0,0:08:22.55,0:08:25.00,Default,,0000,0000,0000,,or things like this, not\Nnecessarily all of them,
Dialogue: 0,0:08:25.00,0:08:27.05,Default,,0000,0000,0000,,but things like this.