If you’re like most people, buying a home represents your single biggest investment – and debt. As such, the home buying process can be one of the most exciting, but sometimes also stressful, experiences you ever go through. There are many factors to consider and many decisions to make. That’s why, when buying, it’s crucial for you to have all the available resources necessary to make a well-informed decision, together with the time required to make complete use of them. That’s also why you should enlist the help of a REALTOR® who’ll be able to provide you with expert consultation at each step of the buying process.
Make Your Plans Given that buying a home is such a big step, it’s all the more important for you to educate and prepare yourself as much as possible in advance. This means clearly determining why you’re buying and what kind of home you’re looking for. And because buying and financing a home are so closely related, it also means examining your current financial situation and projecting how much you can afford.
We recommended that you get pre-qualified for a loan before you start viewing homes with the serious intention of buying. The pre- approval process involves meeting with a lender and authorizing them to examine your current financial situation and credit history. If you need help finding a Lender we have several we work with and get you their contact information.
• You’ll have information about what you can afford and be able to plan accordingly
• As a qualified, motivated buyer you’ll be taken more seriously when you make an offer on a home
• Lenders can tell you whether you qualify for any special programs that will enable you to afford a better home (particularly if you’re a first-time buyer)
Simply put, key to the home search process is knowing what you’re looking for. Among other things, that means distinguishing between “must-haves” and “like-to-haves” Make An Offer And Negotiate With The Seller Now that you’ve found the home you’d like to buy, it’s time to make an offer. You’ll write an offer that will enable you to specify a sale price and also include many clauses for specifying various terms of purchase, such as the closing and possession dates, your Earnest Money amount, and other conditions. Will help you carefully review your offer, in addition to writing up the offer, will be happy to address all your questions about the offer process. Once you’ve written the offer, will present it to the seller and/or the seller’s representative. At that point, the process – given that a home’s eventual sale price is subject to supply and demand – will depend on the kind of market you’re in. Generally though, the seller can accept your offer, reject it, or counter it to initiate the negotiation process.
If you’ve efficiently taken care of everything connected with purchasing your new home, the experience of taking ownership will be a positive joy with no surprises. The Settlement –In Nevada your closing will be handled by an escrow officer at a title company where you’ll verify and sign all the paperwork required to complete the transaction. The settlement will include paying your closing costs, legal fees, property adjustments and transfer taxes. At that point, you’ll receive the property title and copies of all documentation pertaining to the purchase. Once the home records the Seller will release the keys to you. ?