The video uses a common real estate scenario to highlight the importance of appraisal contingencies and proper offer writing, resonating with both buyers and sellers.
Summary
A buyer offers $925,000 for a home, which is accepted by the seller. However, the appraisal comes in at $880,000, leading the buyer to attempt to renegotiate the price. When the seller refuses, the buyer threatens to cancel the deal and get their deposit back.
Structure
1Buyer offers $925,000
2Seller accepts offer
3Appraisal comes in lower at $880,000
4Buyer attempts to renegotiate
5Seller refuses
6Buyer threatens to cancel
On-screen text
Buyer: We offered $925,000 on our first home.
Seller: Offer accepted!
Appraisal comes in at $880,000.
Buyer: Ok, we will buy it for $880,000.
Seller: No Way! You said $925,000.
Buyer: We will cancel. Refund our deposit!!!
Seller: Wait... You can do that?
Original caption
This is why conditions matter 🏡⚠️ A home can sell for one price… but if the bank/appraisal comes in lower, the buyer may not be able to get financing for the full amount 💰📉 That’s why every offer needs to be written properly, with the right strategy and protection in place ✍️✅ For buyers: don’t just focus on winning the offer — make sure you understand what happens after 🏠🔑 For sellers: the highest offer is not always the safest offer 🚨 Real estate is not just about the price. It’s about the terms, conditions, financing, deposit, closing date, and the strength of the buyer 📑💼 Thinking of buying or selling? DM me and let’s create the right strategy for you ✨ Maryna Orzhekhovska Certified Real Estate Broker 📲 647-989-4545 💌 marinaorzh@gmail.com #TorontoRealEstate #GTARealEstate #OntarioRealEstate #RealEstateTips #torontorealtor
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Transcript
Buyer: We offered $925,000 on our first home.
Seller: Offer accepted!
Appraisal comes in at $880,000.
Buyer: Ok, we will buy it for $880,000.
Seller: No Way! You said $925,000.
Buyer: We will cancel. Refund our deposit!!!
Seller: Wait... You can do that?