Buying or selling a home in Las Vegas?

Buying a home is an intimidating event for most people, but with a bit of planning ahead of time, it's not too hard. So they'll know exactly what to expect, I'll give buyers an overview of the whole deal. Below are my nine steps to buying a home. Should you have questions regarding this information or if you're ready to get started, simply contact me here or e-mail me at .

Step 1 – Get ready to buy a home
There are several things you should take into account before you start searching for a home. When you start your search, you'll probably want to form a check list of items you want to have, plan for what school districts and neighborhoods you want to live in, and begin planning your budget. A good rule of thumb to adhere to is that your mortgage payment should be less than 30 percent of your net monthly income.

Step 2 – Communicate with a real estate agent
That's where I come in. We can arrange a time to meet so we can talk about why you want to buy a home and get an idea of your future plans. We'll talk about everything from neighborhoods, schools in the Las Vegas area, the mortgage and housing industries, to any other economic factors that may affect your buying decision today or in the future.

In addition, I'll help you get started on your loan. United Realty Group works with some of Las Vegas's finest mortgage professionals, so you can rest assured that you're in great hands. They will help you decide which type of loan is best for you, as well as help you get qualified.

Step 3 – Begin looking for a house
After our initial meeting, I'll start looking for available houses on the market that are good for you. I'll research most of the homes and throw out the bad ones, and then we'll schedule appointments to view the houses whenever it's most convenient for you.

When we view the homes, I'll show you the good features, as well as bad ones. I'll even ask you what things you like and dislike. For the most part, buyers amend their list of must-haves as we tour houses and some things become more essential than others. If that's the situation, I'll search the listings again and trim it down to the house you've been wishing for.

Step 4 – Comprehend the market
Your agent's knowledge of the Las Vegas market is a leading element in your home search. And I can assure you I'm mindful of all the neighborhoods and schools, and I will alert you to what neighborhoods are "hot" and demand immediate action and some that are "cold" and allow for thoughtful examination.

As we view houses, I'll be sure to tell you when the seller's list price has room for bargaining and also when I think the house is "priced to sell." When working with an agent, be mindful and be sure to ask a lot of questions. Every real estate agent in Las Vegas will tell you they truly know the housing market. If it doesn't seem like they know everything, call me at 702-907-4623 or e-mail me at , and I'll be happy to answer your questions. My knowledge of the market will keep you a step ahead throughout the entire deal.

Step 5 – Find the house you've been looking for
We'll find the house of your dreams in the Las Vegas area, and when we do, I'll meticulously create your real estate purchase offer. The offer will be tailored keeping your needs in mind and the home, including many contingencies, such as acquiring financing, finishing the inspection, and a clear title.

When we send in your purchase offer, you'll want to present "earnest money." This is a cash deposit submitted to a home seller to secure an offer to purchase the property. The amount is most often put towards the closing costs. If your offer is accepted by the seller, we should close on the property within 30 to 60 days afterward. This allows ample time for your mortgage financing.

Step 6 – Negotiate
A lot of deals aren't closed on the initial offer. It's widely common to receive a counter offer. Don't let this alarm you. We'll figure out whether or not to consent to the counter offer, submit our own counter offer, or reject the seller's offer and move on.

How aggressively we negotiate the contract depends on the state of the market. In addition, we'll work within your financing constraints. And at the end of the day, we'll formulate a contract that is best for you.

Step 7 – Obtain financing
After the contract is complete, you'll start working with your mortgage lender to close the loan. If you're already pre-approved, it won't take long at all, but you'll need to stay in close contact with your mortgage lender. And I'll take care of all the property information your mortgage lender needs to close the loan.

Step 8 – Close the deal
Your lender will send you a Good Faith Estimate (GFE) outlining closing costs within three days of accepting your loan application. You'll get a Good Faith Estimate (GFE) of closing costs from your mortgage lender within three days of taking your application. The estimate rests on the loan amount. RESPA requirements mandate that it has to involve all closing costs and fall within a close range of accuracy, and I'll go over the estimate and let you know if everything looks okay.

Then it's time to close on your home. This should take place at a title company or escrow office and will probably be a smooth and comfortable occasion.

Step 9 – Move in
Congratulations! Now you can move into your new home. Enjoy it. And if you need anything, simply call me at 702-907-4623 or e-mail me at .

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