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Explore First-Time Buyers: NEVER Agree to these 5 Contract Terms! with 2,905 views, 8 likes, and 0 comments. Experience the impact of this video content that has captured audience attention.

Buying your first home? These 5 contract terms can put your earnest money, your cash, or even the entire purchase at risk if you don't understand what you're agreeing to. 📖 Read my full First-Time Homebuyer Contract Guide: https://patrick-fagan.huzi.site/blog/5-contract-terms-first-time-buyers/ In this video, Patrick Kevin Fagan, The Mortgage Patriot, breaks down five home purchase contract terms first-time buyers should understand before signing an offer — including inspection and option periods, appraisal protections, financing contingencies, non-standard contracts, and post-closing seller agreements. If you're buying a home in San Antonio, the Texas Hill Country, New Braunfels, Bulverde, Spring Branch, Schertz, Cibolo, Boerne or surrounding areas, these protections can help you avoid expensive homebuying mistakes and better protect your earnest money. The 5 contract mistakes covered: ✔️ Signing a non-standard real estate contract without proper review ✔️ Waiving your inspection or Texas option period ✔️ Agreeing to cover an appraisal shortfall without understanding the risk ✔️ Giving up important financing protections ✔️ Making informal seller post-closing agreements instead of putting everything in writing CHAPTERS 00:00 – 5 Contract Terms Buyers Should Avoid 01:54 – #1 Non-Standard Real Estate Contracts 03:27 – #2 Waiving the Inspection / Option Period 04:59 – #3 Agreeing to Fund an Appraisal Shortfall 07:21 – #4 Giving Up Financing Protections 09:01 – #5 Handshake Deals After Closing These issues can affect your earnest money, appraisal, financing approval, inspection rights, closing costs and ability to walk away from a transaction. The goal is not just to get a home under contract — it's to structure the contract so you're protected. 🎓 FREE Essential First-Time Homebuyer Webinar Learn the entire homebuying process from pre-approval through getting the keys: https://webinar.themortgagepatriot.com/ In the webinar, I cover: • Getting pre-approved and understanding buying power • Down payment and closing-cost strategies • Finding the right home • Making and negotiating an offer • Inspections and repairs • Appraisals • Mortgage underwriting • Closing and getting the keys • Common mistakes first-time buyers should avoid Need help buying a home in Greater San Antonio or the Texas Hill Country? 🌐 Website: https://patrick-fagan.huzi.site/ 📲 Text Patrick: (210) 317-6514 Patrick Kevin Fagan | The Mortgage Patriot Mortgage + Real Estate | Greater San Antonio & Texas Hill Country #FirstTimeHomeBuyer #HomeBuyingTips #SanAntonioRealEstate #MortgageTips #TexasRealEstate

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