SEARCH FOR A HOUSE
As you know, buying in the Las Vegas Valley area property can be a big investment. You’ve been searching online for properties, maybe for months. Pulling up Zillow or Realtor.com is probably a daily habit by now and you’ve seen lots of properties come and go since you started searching.
But now you’re ready to get serious, right? That’s where it can be critical to work with the right Las Vegas real estate agent. But, how do you know if you’ve found the right one?
Well, that’s what many local home buyers think at first…
… and some choose their friend who has their real estate agent license or that person they saw in the newspaper thinking that “All real estate agents in the Las Vegas Valley are the same“.
But many later find out that the wrong buyer’s agent could cause you to…
Lose the home you really want to another buyer because of an ill-prepared offer
Pay too much for a house based on emotion vs. solid facts
Overlooking issues with the house that could cost you tens of thousands of dollars and would have been noticed with years of experience working with the right inspectors and professionals
Miss out on an amazing house because it was a “For Sale By Owner” or Foreclosure and that agent isn’t experienced dealing with those types of sellers (or finding those properties)
Waste hours and hours seeing homes that aren’t what you’re looking for
… and more
Real estate is usually the single largest financial decision most of us make.
For home buyers, buying a home will probably rank as one of the biggest personal investments one can make. Being organized and in control will contribute significantly to getting the best home deal possible with the least amount of stress. It’s important to anticipate the steps required to successfully achieve your housing goal and to build a plan of action that gets you there.
Before you can build a plan of action, take the time to lay the groundwork for your decision making process.
Buying a home in Las Vegas, NV, Boulder City, NV or Henderson, NV.
First, ask yourself how much you can afford to pay for a home. If you’re not sure on the price range, find a lender and get pre-approved. Pre-approval will let you know how much you can afford, allowing you to look for homes in your price range. Getting pre-approved also helps you to alleviate some of the anxieties that come with home buying. You know exactly what you qualify for and at what rate, you know how large your monthly mortgage payments will be, and you know how much you will have for a down payment. Once you are pre-approved, you avoid the frustration of finding homes that you think are perfect, but are not in your price range.
Second, ask yourself where you want to live and what the best location for you and/or your family is. Things to consider:
convenience for all family members
proximity to work, school
crime rate of neighborhood
local transportation
types of homes in neighborhood, for example, condos, townhomes, co-ops, newly constructed homes etc.
It is impossible to find the perfect seller. But it is possible to find out which sellers are legit and which ones aren’t.
The best seller is one who is highly motivated. A highly motivated seller is more likely to sell at a price that is less than his or her house is actually worth. And it matters that you find out why. Learning the reason why can help you get the price you want and help the seller get what they want: a timely sale.
When given the opportunity to meet with sellers, ask them why they are selling. The reason could be anything, such as a job change to a new location or financial problems. If you can solve their problem, whether it is cash related or time-related, do so.
For example, if the sellers are highly motivated because they need to move quickly, give them a fast sale – and a lower price. If you can make an offer, even a low one, that gives them cash in a short time, they are more likely to accept.
There are also some sellers that you should avoid. Not every seller is as genuinely motivated as they make themselves to be. Some possible hints:
they stall on having the home appraised or inspected
they are unable to clear up liens against their property
they do not own 100% of their property
they push back the move-out date
they do not have a replacement property or back up plan, etc.
Mayo Starbuck is a licensed Nevada REALTOR #S. 0191120
Signature Real Estate Group is a licensed Broker in the state of Nevada. We are a leading authority on Las Vegas, Nevada Real Estate. Our love for the communities we live and work in are why we do what we do.
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