Buying a Las Vegas home can be exciting as you try to find the perfect home for you and your family. It can also be stressful, especially if you’re a first-timer. You can make the process go as smoothly as possible by avoiding these common house-hunting mistakes.
- Having no idea what you can afford. You don’t want to search for several months, fall in love with the house of your dreams, and then discover that you can’t afford it. Instead, before you look for a home, visit mortgage brokers or bankers for prequalification. The process examines your down payment, income, financial obligations, and credit rating to determine at what price range you should be looking.
- Wanting 100 percent of your wish list. Unless you build one from scratch, you are never going to get everything that you want in a home. Decide on three must-haves and three deal-breakers, and put everything else in a hope-to-have list. If you get 75 percent of what you want, go for that home. The lower your budget, then the lower that percentage has to be.
- Going it alone. You may think you’re saving money on commissions by going on the house-hunt by yourself and visiting only for-sale-by-owner properties. However, real-estate transactions are complex, requiring strict procedures, adherence to legal and industry standards, and the proper filing of documentation. If you miss any of the details, your transaction could fall through. Only a professional agent, such as Alan Taylor, can ensure that all house-buying requirements are met.
For more information on buying a house, or if you want to get started on finding your dream home, please contact us.
If you, or someone you know, is looking to purchase or sell a home in Las Vegas or Henderson, please contact me anytime for more information about our current market or the home buying process. I’m available, 7 days, 8 AM – 9 PM.
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Alan Taylor | REALTOR®
Prudential Americana Group, REALTORS ®
10777 W. Twain Ave. SUite 333
Las Vegas, NV 89135
Author: Alan Taylor