Buyers2018-01-16T05:50:03+00:00

THE HOME BUYING PROCESS

Everything You Need to Know & Frequently Asked Questions

SEARCH PROPERTIES FOR SALE

Once​ ​financing​ ​is​ ​complete,​ ​and​ ​you​ ​have​ ​determined​ ​your​ ​purchasing​ ​power,​ ​I​ ​will schedule​ ​a​ ​home​ ​tour.​ ​Allow​ ​approximately​ ​2-3​ ​hours​ ​for​ ​your​ ​tour​ ​depending​ ​on​ ​your home​ ​selection.

My​ ​experience​ ​shows​ ​me​ ​that​ ​most​ ​buyers​ ​will​ ​narrow​ ​down​ ​their​ ​selection​ ​to​ ​4-5 homes​ ​from​ ​which​ ​they​ ​will​ ​choose​ ​one.​ ​When​ ​there​ ​are​ ​more​ ​homes​ ​than​ ​that​ ​on​ ​the tour,​ ​homes​ ​tend​ ​to​ ​get​ ​forgotten​ ​and​ ​everything​ ​starts​ ​to​ ​look​ ​the​ ​same.​ ​You​ ​can​ ​help narrow​ ​down​ ​time​ ​by​ ​browsing​ ​through​ ​the​ ​photos​ ​and​ ​home​ ​features​ ​in​ ​the​ ​MLS​ ​listing that​ ​I​ ​have​ ​sent​ ​you​ ​and​ ​eliminating​ ​any​ ​homes​ ​that​ ​are​ ​not​ ​strong​ ​candidates​ ​for​ ​your selection

TOUR CHECKLIST

Have​ ​all​ ​decision​ ​makers​ ​on​ ​the​ ​tour.

Be​ ​prepared​ ​with​ ​things​ ​to​ ​keep​ ​the​ ​kids​ ​busy​ ​on​ ​the tour​ ​so​ ​you​ ​can​ ​focus​ ​on​ ​notes​ ​and​ ​questions.

​Take​ ​pictures​ ​of​ ​each​ ​home​ ​or​ ​better​ ​yet,​ ​capture video.​ ​Your​ ​smartphone​ ​is​ ​great​ ​for​ ​this.​ ​I​ ​will​ ​be​ ​happy​ ​to​ ​follow​ ​along​ ​and record​ ​for​ ​you​ ​so​ ​you​ ​can​ ​take​ ​notes.
It’s​ ​important​ ​to note​ ​LIKES​ ​and​ ​DISLIKES​ ​for​ ​each​ ​home. You will forget, trust me.

Example:​ ​Island​ ​in​ ​kitchen​ ​is​ ​amazing.​ ​Example:​ ​3rd​ ​room​ ​for​ ​office​ ​is​ ​a​ ​bit​ ​small

Example:​ ​Love​ ​the​ ​walk​ ​in​ ​closet​ ​in​ ​master​ ​Example:​ ​Yard​ ​will​ ​require​ ​new landscaping.

Departing​ ​each​ ​home,​ ​Rank​ ​the​ ​home​ ​on​ ​a​ ​1-10​ ​scale​ ​on​ ​how​ ​likely​ ​you​ ​would​ ​be to​ ​write​ ​a​ ​compelling​ ​offer.

During​ ​the​ ​hot​ ​months,​ ​frozen​ ​bottles​ ​of​ ​water​ ​are​ ​a​ ​great​ ​idea​ ​for​ ​the​ ​trip.​ ​Some homes​ ​may​ ​not​ ​have​ ​power​ ​or​ ​air​ ​conditioning.

Some homes may be under construction or partway through packing. Don’t​ ​wear​ ​shoes​ ​that​ ​you​ ​are​ ​worried​ ​about​ ​scuffing.
There​ ​is​ ​not​ ​much​ ​sense​ ​in​ ​touring​ ​homes​ ​when you​ ​are​ ​not​ ​prepared​ ​to​ ​buy,​ ​as​ ​these​ ​homes​ ​may​ ​not​ ​be​ ​available​ ​later.​

If​ ​I​ ​have done​ ​my​ ​job,​ ​as​ ​your​ ​real​ ​estate​ ​agent,​ ​you​ ​are​ ​prepared,​ ​have​ ​selected​ ​strong candidates,​ ​have​ ​your​ ​financing,​ ​have​ ​a​ ​comfortable​ ​knowledge​ ​of​ ​the​ ​process and​ ​you​ ​are​ ​ready​ ​to​ ​buy.​ ​“The​ ​home​ ​you​ ​saw​ ​today​ ​and​ ​are​ ​thinking​ ​about tonight,​ ​is​ ​the​ ​same​ ​home​ ​someone​ ​else​ ​saw​ ​yesterday​ ​and​ ​is​ ​writing​ ​an​ ​offer​ ​on today.”

EXPLORE THE LAS VEGAS VALLEY

MAKE THE OFFER

When​ ​first-time​ ​homebuyers​ ​begin​ ​the​ ​house​ ​hunting​ ​process,​ ​they​ ​often​ ​don’t​ ​realize just​ ​how​ ​many​ ​steps​ ​it​ ​entails.​ ​From​ ​securing​ ​a​ ​loan​ ​to​ ​finding​ ​a​ ​property​ ​you​ ​love​ ​to negotiating​ ​the​ ​purchase,​ ​it​ ​can​ ​feel​ ​like​ ​the​ ​process​ ​will​ ​never​ ​end.​ ​Luckily,​ ​if​ ​you​ ​have made​ ​it​ ​to​ ​the​ ​offer​ ​stage,​ ​the​ ​finish​ ​line​ ​is​ ​finally​ ​within​ ​reach.​ ​Together​,​ ​we​ ​can​ ​make an​ ​offer​ ​on​ ​your​ ​dream​ ​home​ ​and​ ​hopefully​ ​seal​ ​the​ ​deal.​ ​In​ ​order​ ​to​ ​improve​ ​your chances​ ​at​ ​getting​ ​the​ ​home,​ ​however,​ ​your​ ​offer​ ​needs​ ​to​ ​be​ ​as​ ​strong​ ​as​ ​possible. Here​ ​is​ ​a​ ​look​ ​at​ ​some​ ​things​ ​to​ ​consider​ ​as​ ​you​ ​work​ ​with​ ​me​ ​to​ ​draw​ ​up​ ​your​ ​contract.

It’s​ ​important​ ​for​ ​buyers​ ​to​ ​understand​ ​the​ ​sorts​ ​of​ ​terms​ ​and​ ​contingencies​ ​a​ ​typical offer​ ​contains.​ ​In​ ​addition​ ​to​ ​the​ ​basics–like​ ​the​ ​address​ ​of​ ​the​ ​home​ ​and​ ​all​ ​of​ ​your personal​ ​details–the​ ​agreement​ ​will​ ​lay​ ​out​ ​the​ ​sale​ ​price,​ ​a​ ​target​ ​closing​ ​date,​ ​the amount​ ​of​ ​earnest​ ​money​ ​you​ ​will​ ​be​ ​required​ ​to​ ​put​ ​up,​ ​and​ ​any​ ​other​ ​contingencies that​ ​you​ ​are​ ​asking​ ​for.​ ​Your​ ​offer​ ​will​ ​also​ ​give​ ​a​ ​timeframe​ ​during​ ​which​ ​the​ ​sellers need​ ​to​ ​respond.
Obviously,​ ​the​ ​element​ ​of​ ​the​ ​offer​ ​you​ ​are​ ​likely​ ​to​ ​be​ ​most​ ​concerned​ ​about​ ​is​ ​the price​ ​of​ ​the​ ​home.​ ​First-time​ ​buyers​ ​often​ ​have​ ​trouble​ ​deciding​ ​how​ ​much​ ​money​ ​to offer​ ​on​ ​a​ ​home,​ ​which​ ​is​ ​why​ ​it’s​ ​very​ ​important​ ​to​ ​work​ ​with​ ​someone​ ​you​ ​trust. Remember​ ​that​ ​the​ ​housing​ ​market​ ​determines​ ​how​ ​much​ ​a​ ​property​ ​is​ ​worth,​ ​so​ ​I​ ​will look​ ​at​ ​similar​ ​homes​ ​that​ ​have​ ​recently​ ​sold​ ​in​ ​the​ ​area​ ​in​ ​order​ ​to​ ​help​ ​you​ ​come​ ​up with​ ​a​ ​reasonable​ ​offer​ ​price.
While​ ​price​ ​is​ ​usually​ ​the​ ​most​ ​influential​ ​factor​ ​when​ ​a​ ​seller​ ​decides​ ​to​ ​accept​ ​or reject​ ​an​ ​offer,​ ​there​ ​are​ ​other​ ​terms​ ​and​ ​contingencies​ ​that​ ​may​ ​impact​ ​negotiations.​ ​I suggest​ ​that​ ​you​ ​insist​ ​upon​ ​a​ ​home​ ​inspection,​ ​this​ ​will​ ​take​ ​place​ ​in​ ​your​ ​“due diligence”​ ​period​ ​(usually​ ​the​ ​first​ ​10​ ​days​ ​upon​ ​an​ ​executed​ ​contract).​ ​You​ ​may​ ​also want​ ​to​ ​write​ ​contingencies​ ​based​ ​on​ ​your​ ​ability​ ​to​ ​secure​ ​financing​ ​or​ ​sell​ ​your​ ​current house​ ​(not​ ​an​ ​issue​ ​for​ ​first-time​ ​buyers).​ ​Something​ ​as​ ​seemingly​ ​arbitrary​ ​as​ ​your chosen​ ​closing​ ​date​ ​might​ ​make​ ​a​ ​seller​ ​more​ ​likely​ ​to​ ​accept​ ​your​ ​offer–especially​ ​if they​ ​have​ ​already​ ​bought​ ​a​ ​new​ ​property​ ​and​ ​are​ ​anxious​ ​to​ ​move​ ​out.​ ​As​ ​a​ ​general​ ​rule, you​ ​should​ ​choose​ ​your​ ​offer​ ​terms​ ​carefully​ ​based​ ​on​ ​the​ ​specifics​ ​of​ ​the​ ​home​ ​you are​ ​considering.​ ​Make​ ​sure​ ​to​ ​find​ ​a​ ​balance​ ​between​ ​making​ ​your​ ​offer​ ​as​ ​appealing​ ​as possible​ ​and​ ​protecting​ ​yourself​ ​against​ ​any​ ​potential​ ​issues.​ ​I​ ​will​ ​walk​ ​you​ ​through every​ ​step​ ​of​ ​your​ ​offer,​ ​as​ ​a​ ​team,​ ​we​ ​will​ ​deliver​ ​the​ ​best​ ​offer​ ​possible.
The​ ​final​ ​step​ ​once​ ​you​ ​have​ ​come​ ​up​ ​with​ ​an​ ​offer​ ​you’re​ ​happy​ ​with​ ​is​ ​presenting​ ​it​ ​to the​ ​seller.​ ​Negotiations​ ​can​ ​often​ ​feel​ ​like​ ​a​ ​game​ ​of​ ​telephone​ ​as​ ​I​ ​communicate​ ​with the​ ​listing​ ​agent,​ ​and​ ​then​ ​the​ ​listing​ ​agent​ ​who​ ​communicates​ ​with​ ​the​ ​seller.​ ​If​ ​the seller​ ​comes​ ​back​ ​with​ ​a​ ​counter​ ​offer,​ ​you​ ​also​ ​have​ ​the​ ​choice​ ​to​ ​either​ ​accept​ ​the agreement,​ ​write​ ​another​ ​counter​ ​offer​ ​yourself,​ ​or​ ​decline​ ​it​ ​.​ ​Once​ ​both​ ​parties​ ​agree on​ ​an​ ​offer,​ ​you​ ​will​ ​both​ ​be​ ​bound​ ​in​ ​a​ ​contract.​ ​When​ ​you​ ​have​ ​finally​ ​sealed​ ​the​ ​deal, the​ ​home​ ​will​ ​officially​ ​be​ ​“under​ ​contract”​ ​as​ ​you​ ​await​ ​your​ ​chosen​ ​closing​ ​date.

Please,​ ​during​ ​this​ ​time,​ ​DO​ ​NOT​ ​make​ ​any​ ​financial​ ​changes​ ​including​ ​purchases​ ​on​ ​a credit​ ​card,​ ​change​ ​of​ ​employment​ ​etc.​ ​Your​ ​lender​ ​will​ ​be​ ​constantly​ ​checking​ ​your credit​ ​during​ ​the​ ​escrow​ ​process​ ​and​ ​any​ ​small​ ​movement​ ​in​ ​your​ ​score​ ​may​ ​keep​ ​you from​ ​your​ ​new​ ​home.

Erin was great. It was fun to use the website to pick out which houses we wanted to go look out. She was also very intuitive to what she thought we would like/not right when we walked in the door.

Kim B

Erin helped us sell a condo in Vegas. She stayed in contact throughout the whole process and delivered on all of her promises and more. I would recommend her to all of my family and friends. 5 stars all the way!

Fahad V.

FREQUENTLY ASKED QUESTIONS

How​ ​much​ ​do​ ​you​ ​charge?2018-01-16T05:08:16+00:00

In​ ​Nevada,​ ​sellers​ ​pay​ ​both​ ​sides​ ​of​ ​commission​ ​so​ ​essentially,​ ​as​ ​a​ ​buyer,​ ​you​ ​have hired​ ​a​ ​professional​ ​at​ ​no​ ​cost​ ​to​ ​you.​ ​Some​ ​agents​ ​will​ ​charge​ ​a​ ​retainer​ ​fee,​ ​or​ ​a percentage​ ​to​ ​the​ ​buyer;​ ​I​ ​don’t​ ​do​ ​that.​ ​My​ ​brokerage​ ​will​ ​charge​ ​a​ ​transaction​ ​fee​ ​of $395,​ ​this​ ​is​ ​the​ ​only​ ​fee​ ​you​ ​will​ ​pay​ ​to​ ​have​ ​me​ ​represent​ ​you.​ ​This​ ​fee​ ​is​ ​paid​ ​at​ ​a successful​ ​ ​close​ ​of​ ​escrow.

What​ ​is​ ​an​ ​Earnest​ ​Money​ ​Deposit​ ​(EMD)?2018-01-16T05:11:50+00:00

The​ ​earnest​ ​money​ ​deposit​ ​is​ ​money​ ​that​ ​is​ ​placed​ ​into​ ​an​ ​escrow​ ​account.​ ​It​ ​is​ ​sort​ ​of like​ ​a​ ​security​ ​deposit.​ ​It​ ​informs​ ​the​ ​seller​ ​that​ ​you​ ​are​ ​a​ ​serious​ ​buyer.

The​ ​funds​ ​will​ ​be​ ​applied​ ​towards​ ​the​ ​closing​ ​of​ ​your​ ​transaction.​ ​If​ ​you​ ​don’t​ ​have​ ​at least​ ​one​ ​percent​ ​of​ ​the​ ​sales​ ​price​ ​to​ ​offer​ ​as​ ​an​ ​earnest​ ​deposit,​ ​you​ ​should​ ​wait​ ​on placing​ ​any​ ​offers​ ​until​ ​you​ ​have​ ​the​ ​funds​ ​available.

The​ ​earnest​ ​money​ ​deposit​ ​is​ ​placed​ ​into​ ​the​ ​escrow​ ​account​ ​within​ ​24-48​ ​hours​ ​upon an​ ​accepted​ ​offer​ ​so​ ​you​ ​need​ ​to​ ​make​ ​sure​ ​you​ ​have​ ​the​ ​funds​ ​available​ ​for​ ​immediate withdrawal.​ ​If​ ​you​ ​decide​ ​to​ ​cancel​ ​the​ ​contract​ ​while​ ​you​ ​are​ ​in​ ​escrow,​ ​there​ ​is​ ​a chance​ ​that​ ​the​ ​seller​ ​may​ ​be​ ​entitled​ ​to​ ​your​ ​deposit.​ ​This​ ​is​ ​why​ ​it’s​ ​important​ ​to​ ​have a​ ​professional​ ​represent​ ​you​ ​as​ ​they​ ​aware​ ​of​ ​such​ ​timelines​ ​so​ ​you​ ​do​ ​not​ ​lose​ ​your EMD.

What​ ​is​ ​Due​ ​Diligence?2018-01-16T05:12:17+00:00

There​ ​will​ ​be​ ​an​ ​agreed​ ​upon​ ​period​ ​of​ ​Due​ ​Diligence​ ​in​ ​your​ ​purchase​ ​agreement (Usually​ ​10​ ​days).​ ​You​ ​actually​ ​request​ ​this​ ​time​ ​when​ ​making​ ​the​ ​offer.​ ​You​ ​are​ ​asking for​ ​a​ ​short​ ​period​ ​of​ ​time​ ​in​ ​which​ ​you​ ​will​ ​inspect​ ​the​ ​home,​ ​and​ ​investigate​ ​anything else​ ​that​ ​you​ ​would​ ​need​ ​to​ ​do​ ​before​ ​the​ ​property​ ​closes.​ ​Make​ ​sure​ ​you​ ​discuss​ ​this with​ ​me​ ​so​ ​you​ ​know​ ​what​ ​is​ ​expected​ ​or​ ​offered​ ​during​ ​this​ ​time.

What​ ​is​ ​an​ ​Appraisal?2018-01-16T05:12:51+00:00

If​ ​you​ ​are​ ​getting​ ​a​ ​loan​ ​to​ ​buy​ ​your​ ​home,​ ​an​ ​appraisal​ ​will​ ​be​ ​part​ ​of​ ​the​ ​process.​ ​This is​ ​a​ ​professional​ ​appraiser’s​ ​estimated​ ​opinion​ ​of​ ​value​ ​of​ ​your​ ​home.​ ​The​ ​appraiser​ ​will use​ ​recent​ ​properties​ ​that​ ​have​ ​sold​ ​in​ ​the​ ​area​ ​to​ ​help​ ​determine​ ​the​ ​value​ ​of​ ​the​ ​home you​ ​choose.

The​ ​appraiser​ ​will​ ​also​ ​consider​ ​the​ ​condition​ ​of​ ​your​ ​home,​ ​age,​ ​size​ ​and​ ​so​ ​forth​ ​in determining​ ​the​ ​value.

If​ ​the​ ​home​ ​meets​ ​or​ ​exceeds​ ​the​ ​appraised​ ​value,​ ​we​ ​continue​ ​on​ ​in​ ​the​ ​rest​ ​of​ ​our contract​ ​process.​ ​If​ ​the​ ​Appraisal​ ​comes​ ​in​ ​lower,​ ​we​ ​will​ ​need​ ​to​ ​contact​ ​the​ ​listing agent​ ​and​ ​see​ ​what​ ​the​ ​seller​ ​is​ ​prepared​ ​to​ ​do.​ ​In​ ​some​ ​cases,​ ​the​ ​seller​ ​may​ ​still​ ​hold to​ ​their​ ​original​ ​asking​ ​price​ ​and​ ​ask​ ​you​ ​to​ ​pay​ ​the​ ​difference​ ​in​ ​cash.​ ​You​ ​will​ ​not receive​ ​a​ ​loan​ ​amount​ ​higher​ ​than​ ​the​ ​appraised​ ​value​ ​of​ ​the​ ​home​ ​for​ ​purchase.

What​ ​are​ ​closing​ ​costs?2018-01-16T05:13:16+00:00

Closing​ ​costs​ ​are​ ​the​ ​fees​ ​charged​ ​by​ ​mortgage​ ​lenders​ ​and​ ​third​ ​parties​ ​related​ ​to​ ​the purchase​ ​of​ ​your​ ​home.​ ​They​ ​include​ ​a​ ​fee​ ​for​ ​checking​ ​your​ ​credit​ ​report,​ ​loan origination​ ​fee,​ ​government​ ​recording​ ​charges,​ ​appraisal​ ​fee,​ ​title​ ​service​ ​fee​ ​and​ ​title insurance.​ ​Some​ ​buyers​ ​are​ ​able​ ​to​ ​negotiate​ ​with​ ​the​ ​seller​ ​for​ ​a​ ​contribution​ ​toward these​ ​costs;​ ​otherwise,​ ​expect​ ​to​ ​pay​ ​between​ ​2​ ​and​ ​5​ ​percent​ ​of​ ​the​ ​purchase​ ​price​ ​in closing​ ​costs.

I​ ​want​ ​to​ ​buy​ ​new​ ​construction,​ ​should​ ​I​ ​use​ ​an​ ​agent?2018-01-16T05:13:43+00:00

Yes!​ ​While​ ​you​ ​can​ ​purchase​ ​new​ ​construction​ ​without​ ​an​ ​agent​ ​I​ ​wouldn’t​ ​advise​ ​it.​ ​The agents​ ​that​ ​are​ ​in​ ​the​ ​office​ ​work​ ​for​ ​the​ ​builder,​ ​and​ ​have​ ​their​ ​best​ ​interests​ ​at​ ​heart.​ ​It is​ ​best​ ​that​ ​you​ ​have​ ​an​ ​outside​ ​party​ ​represent​ ​you.​ ​Just​ ​make​ ​sure​ ​you​ ​take​ ​your​ ​me on​ ​your​ ​first​ ​visit​ ​to​ ​each​ ​builder​ ​so​ ​I​ ​can​ ​register​ ​you.

Should​ ​I​ ​bring​ ​the​ ​moving​ ​truck​ ​to​ ​our​ ​closing​ ​appointment?2018-01-16T05:14:09+00:00

No.​ ​Typically,​ ​signings​ ​are​ ​held​ ​in​ ​the​ ​morning/afternoon.​ ​The​ ​title​ ​company​ ​needs​ ​to make​ ​sure​ ​the​ ​loan​ ​funds.​ ​Once​ ​it​ ​is​ ​“funded”​ ​it​ ​will​ ​be​ ​sent​ ​out​ ​to​ ​the​ ​Clark​ ​County Recorder’s​ ​office​ ​for​ ​official​ ​recording.​ ​This​ ​generally​ ​happens​ ​in​ ​the​ ​early​ ​evening. Once​ ​we​ ​have​ ​recorded​ ​the​ ​property​ ​is​ ​yours​ ​and​ ​I​ ​will​ ​then​ ​set​ ​up​ ​a​ ​time​ ​to​ ​give​ ​you your​ ​keys.

  (702) 417-7717           Email Us
Get In Touch