Real Estate Buying Process
01 | Choose a Lender
GET PRE-APPROVED - Pre-approval is most important in a competitive bidding situation, because it shows proof to the sellers you can afford to buy the property in question. If you do not have a lender, or need help choosing one, please contact us to and we will put you in touch with a lender who
02 | Discuss Agency Duties and Realtor Duties
Before you begin your search for your dream home, it is important to know the difference between the types of agency.
03 | Define Your Needs
After your loan pre-approval, it is time to take a realistic approach to what you want versus what you need in a home. What features are most important to you and what can you live without? This will define your home search and help determine the right properties to tour. As you tour homes, you
04 | Receive List of Homes To Tour
Your Realtor will be able to show you any property on the market that is available. Realtors use a system called the Multiple Listing Service (MLS), which lists all the properties available on the market regardless of what company the property is listed through. Your Realtor will check the MLS system throughout the day, so
05 | Contract (Offer & Purchase)
Once you and your Realtor find the home of your dreams, the one your heart is set on, the one you keep going back to, they will help write the Offer to Purchase and negotiate on your behalf for the best price relying on an understanding of the home's true worth, giving an estimation of
06 | Negotiations
Negotiations don’t always end with the writing of the contract and can involve everything from settling on a sales price to concessions and financing. Your Realtor will be negotiating on your behalf, it's their job to represent your interests during the give and take of a real estate transaction.
07 | Escrow & Title
Once the offer is accepted and a closing date agreed upon, escrow is opened. Escrow is the process in which the transaction is completed. Escrow is a neutral third party ensuring all the moving parts of the contact are complete. Your Realtor will coordinate the completion of all necessary forms to the escrow company and
08 | Inspection
Once a buyer and seller reach mutual acceptance on a property, a home inspector is hired to investigate every nook and cranny to determine if the home is in need of any repairs. An inspector will check items, such as the roof, basement if any, heating system, water heater, air-conditioning system, structure, plumbing, and electrical.
09 | Lender Approval & Financing
Now that you’ve got an accepted offer and escrow is open you will be working more in-depth with your lender on your final loan approval.
10 | Closing
In some states closing takes place on the same day, Buyer and Seller sign everything together. In Nevada, Buyer and Seller sign at different times during the process at the Escrow Agents office (usually), prior to closing and signing, you'll receive a settlement statement outlining any fees, which may apply to you both parties pay
Your total monthly payment
Clark County Government Departments
|Water Rec. (Sewer)||1-702-434-6600||www.cleanwaterteam.com|
City of Henderson
|Building and Fire Safety||1-702-267-3610||www.cityofhenderson.com|
|Chamber of Commerce||1-702-565-8951||www.hendersonchamber.com|
|Mayor & City Council||1-702-267-2085||www.cityofhenderson.com|
City of Las Vegas
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