Home Buying Guide For Las Vegas, Nevada
Home Buying Guide
These are the secrets of buying the best house possible. This is the ultimate guide for home buying. No matter where you are buying this can be used as a guide to buy your home.
Before you even start to look at homes you should be preapproval by a mortgage company, not prequaled. If you want to be in the best negotiating position with the seller then go for a preapproval. Seller's and their agents know that anyone can just pick up the phone and talk a few minutes and get a prequaled letter. It's not worth the paper it's written on. A preapproval is when all information is verified and the loan is only subject to finding a home and an appraisal. So many things can come up that can prevent you from getting a mortgage. ie; bank account not open long enough, a blemish on a credit report, a judgment,. A preapproval picks this up and prevents the mortgage up front rather than later on when money is spent for appraisals and inspections and the like.
When a listing agent looks at an offer, they look at other things besides the lender's letter. They also look at the strength of the buyer. How much is he putting down? They look at the time the lender needs to close the loan. So all things go into a good offer, and being in the best place to negotiate takes all these things into consideration.
If you have a home to sell, sell that home first. A contingency sale doesn't give you any buying power. The seller isn't going to want to take a lower price offer from a buyer that has a home to sell before they can close on his home. If he has to wait , he's going to want full price. Then what happens is someone else comes along and puts an offer in on your dream home, and you lose it because you don't have the time to get a good offer on your property. You will take the first offer that you can get because you don't have the time. Hurrying could cost you thousands of dollars. Banks and Short sales will not take a contingency offer.
Buying a home in Las Vegas ? You will find that there are bidding wars over the available homes. If you are not in the perfect position to buy a home and do it on the spot, you will be lost in the bidding wars and at the bottom of the list of which the seller can choose from.
Stop calling all the ads. Remember the person writing the ad is representing the seller. Naturally they are going to tell you the good things about the property. They are not going to tell you it's in a flood zone, or high tension wires run through the property. You need someone on your side, looking out for your interests. You need your very own real estate agent. Your very own agent will critique the property according to your needs.
Whether you decide to work with me or not, I always recommend that you hire an agent that you are comfortable with and stick with that agent. Please take a look at my profile http://activerain.com/pyoestc21 to see if you might feel comfortable with me.
I hope this home buying guide will be of use to you, whether you are buying a home in Las Vegas or anywhere for that matter.
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