Buying your home in Las Vegas

	Should you have any questions about any of this information or if you're ready to get started, you can contact me here or e-mail me at scott@svrealty.net.

Step 1 – Get ready to purchase
Before you begin looking for a home, there are several things you'll want to do. You'll want to put together a list of must-have features, get an idea of what school districts you want to live in, and begin planning your budget. Ensuring your mortgage payment is around 1/3 of your net monthly income is a good rule to go by.

Step 2 – Get with a real estate agent
This is where I can help. I'd be more than happy to book a time to get together with you and communicate with you about why you want to buy a home and get an idea of your future plans. We'll discuss the mortgage and housing industries, other economic factors that might affect your buying decision today or in the future, as well as neighborhoods and schools in the Las Vegas area.

I can also help you facilitate the loan process. There are some very good mortgage professionals in Las Vegas, and I partner with a lot of them, so you can rest assured that you're in great hands. They can assist you in deciding which kind of loan is best for you and help you get approved.

Step 3 – Begin house-hunting
After our first meeting, I'll begin finding houses on the market that are great for you. I'll preview most of the houses and ignore the bad ones, and then we'll book appointments to view the houses when it's most convenient for you.

As we tour the homes, I'll show you the positive features, as well as bad ones. And I'll ask you what things you like and don't like. Usually, buyers revise their must-have list as we view homes and some items become more essential than others. If that happens, I'll look through all the listings one more time and trim it down to the house you've been dreaming about.

Step 4 – Get a grasp of the housing market
An agent's awareness of the Las Vegas housing market is a necessary agent in your house search. And I assure you I'm mindful of all the school districts and neighborhoods, and I'll communicate some areas are "hot" and call for immediate action and others that are "cold" and allow for careful analysis.

When we tour houses, I'll make sure to communicate when the seller's list price has room for bargaining and when I trust the house is "priced to sell." Be mindful and make sure you ask plenty of questions, as any real estate agent will tell you they truly understand the housing market. If it appears they don't know everything, contact me at (702) 873-0440 or e-mail me at scott@svrealty.net, and I'd be glad to answer your questions. My market expertise will help you stay a step ahead through the entire deal.

Step 5 – Find the home you've been looking for
I'm confident we'll find the house of your dreams in the Las Vegas area, and when we do, I'll precisely develop your home purchase offer. The offer will be made exactly to your needs. Whenever necessary, I never forget to make contracts contingent upon items like acquiring financing and the results of the home inspection.

Upon turning in your purchase offer, most likely you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure an offer to buy the property. The amount is often applied to the cost of closing. If your offer is accepted by the seller, we should close on the home within 30 to 60 days afterward. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate
Unfortunately most contracts aren't closed on the first offer, and it's really common to receive a counter offer. Don't let this intimidate you. We'll figure out whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and go on.

Market conditions determine how aggressively we negotiate the deal. In addition, we'll work within your financing constraints. And when it's all said and done, we'll compose a deal that is best for you.

Step 7 – Get your loan
After we sign the final deal, you'll begin working with your mortgage lender to close the loan. This won't take long at all if you're already pre-approved, but you need to stay in close contact with your lender. And I'll look after all the property information your lender will need to close the loan.

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

Then we'll close on your house. This will likely occur at a title company or escrow office and will likely be a smooth and stress-free event.

Step 9 – Move in
You made it! Now you can move into your new home. Enjoy it. And if you need anything or have any questions, just contact me at (702) 873-0440 or send me an e-mail.