Buy with Us
There has never been a better time to buy real estate in Las Vegas. You should have complete peace of mind every step of the way.
STEP ONE
Decide to Buy
Are you tired of paying rent? Have you decided to pay your own mortgage and not your landlord’s? Have you outgrown your current home? Are you looking for an investment portfolio? Are you looking for a rental property? Would you like a larger yard? Would you rather live in a different area? Do you want to shorten your commute? Are you looking for a vacation home? Having a clear sense of your reasons for buying will help you choose the right property.
Property ownership is an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment.
Property ownership is an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment.
STEP TWO
Prepare to Buy
Before you start shopping for your property, it is a good idea to make some preparations. The first step is to obtain a loan pre-approval letter from a loan officer. If you don’t have one, we can provide several licensed, well-experienced loan officers for you to choose from.
Your credit score will have a huge impact on your purchase. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian, and TransUnion. Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.
Your credit score will have a huge impact on your purchase. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian, and TransUnion. Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.
STEP THREE
Choose an Agent
Buying a property requires making many important financial decisions, understanding complex issues, and completing a lot of paperwork.
It helps to have an expert in your corner when undertaking such a large purchase. We can guide you through this process and provide you with access to property listings before they hit the general market.
- An agent who has experience completing transactions similar to yours.
- Interview a few agents: Are they familiar with the area in which you are interested?
- What is the flexibility of the agent? How can the agent accommodate your schedule?
- Ask about their credentials and education: A good agent will continually strive to improve and gain knowledge of the latest real estate trends and hold the highest designations in their respective fields of expertise.
- Does the agent return your calls promptly? Time is money when attempting to buy a property.
- Ask for a list of properties they have sold or a list of references.
- Choose an agent who listens attentively to your needs and concerns. Someone who makes you feel comfortable.
STEP FOUR
Go Shopping
Once those preparations are done, it is time to find the right property for you.
First drive around and get to know the neighborhoods, complexes, or subdivisions, which interest you.
Then narrow your search by selecting a few properties that interest you the most and have your real estate agent make appointments to visit them. Ask your real estate agent about the potential long term resale value of the properties you are considering.
If you can’t make it in person, we will provide a virtual tour for the property of your choice via FaceTime or Zoom.
Once you have picked out the property you want to purchase, your real estate agent can help you make an offer that the seller will consider or even accept. A good agent can also draft your offer in a way that gives you the advantage over another offer.
STEP FIVE
Inspection & Appraisals
Once your offer is accepted by the seller, you will need to have a licensed property inspector inspect the property within the time frame that was agreed upon in the effective contract to purchase. If you are purchasing a commercial property, then you will need to have an environmental audit done on the site for the lending institution.
It is imperative that you keep in close communication with your lender, who will let you know when additional documents are needed to approve your loan application and fund your loan. If the agreement is conditional upon financing, then the property will be appraised by a licensed appraiser to determine the value for the lending institution, via a third party. This is done so that the lending institution can confirm their investment in your property is accurate.
If you are obtaining a loan, you will be required by your lender to purchase a certain amount of insurance on the property. The value will depend on the lending institution and the purchase price of the property. You may be able to save hundreds of dollars a year on homeowners insurance by shopping around for insurance.
Either a title company or an attorney will be selected as a closing agent. The closing agent will hold the deposit in escrow and will research the complete recorded history of the property to ensure that the title is free and clear of encumbrances by the date of closing and that all new encumbrances are properly added to the title.
STEP SIX
Close & Move In
More of a formality than anything else, the final inspection takes place a day before, or the day of the closing. You will visit the property to verify that all is in working order, everything is the same as when you last viewed the property, that there are no extra items left behind, and that everything included in your purchase is still at the property.
We are ready to assist you should an unforeseen glitch pop up, even at this last stage. Something at the property breaks down, or some other minor detail – no need to worry. We have encountered these problems before, so we know how to handle them efficiently and in a stress-free manner. We will also provide a list of useful numbers for the activation of home services and utilities after the closing occurs.
The closing agent will furnish all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. You and the seller(s) will sign this statement, as well as the closing agent, certifying its accuracy.
The seller should arrange to have all property keys and any other important information for you at the closing so that you may receive these items at this time.
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