Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home. 

 

Today I want to bring a very important point that relates to the sale of your home, Study Shows Home Prices How To Buy Your First Home - The "5 Necessary Steps"

 

If you are a first time home buyer, you'll need to follow these 5 steps that will determine if your purchase is successful or not. 

Since this will probably be the most significant monetary transaction in your life so far, you must be careful and choose your actions well.

 

How To Buy Your First Home - The "5 Necessary Steps" you must take when you are ready to become a homeowner. 

 

 

STEP #1 

Assembling Your Team

 

The main reason you require  a good  real estate agents is because they are licensed professionals who have access to information that most often is not open to the public. A good buyer’s agent is the key hire for you as a home buyer. He or she will preferably be an expert on the home buying process for the area(s) you are looking for. Your agent should also be a skilled negotiator that will help you save money on the process. 

 

Another key hire is your lender. They will be helping you with your loan application and prepare you with a list of all the documents you will need to present with your application. Your lender will work with your real estate agent side by side...so they can protect your best interests. 

Between your agent and your lender, your application should go through with no problems as you start the process of finding your first  home. 

 

STEP #2 

Determine your Budget / Price Range

You'll need to  determine how much house you can afford?

Include inside your budget the "extra costs" that comes from homeownership like: taxes, insurance and maintenance costs.

Note: When saving up for a home, it's key to have a reserve of cash savings or an emergency fund. This money could be used for the down payment or closing costs. In general, it's always a good idea to have at least 3-6 months of living expenses saved up in case of emergency...this is called cash reserves and your lender may ask you to provide evidence for this. 

Connect with your real estate agent if you have questions about this. 

 

STEP #3 

Get an Approval Letter 

As soon as you have determined your price range and have found the mortgage lender you want to work with, you'll get a copy of your pre-approval letter, and you'll need to share this with your real estate agent as you go through the process. Your approval letter is your proof that you are a legitimate home buyer.

 

STEP #4 

Determine the Right Location for Your First House

Choose careful your location when buying a home, especially if you're moving to a new area that you may not be familiar with 

How do you select which location is right for you?

#1 Consider transportation and commuting times to and from work

#2 Is the neighborhood in line with your  lifestyle? 

#3 Friends and family, how important is that they live nearby? 

#4  Do you want to live near, restaurants, grocery stores, retail establishments or Starbucks?

 

 

STEP #5 

Always Ask For a Home Inspection

Trust your real estate agent for all other steps that you must take when buying a home. 

The last step you must make is to insist that your purchase offer is contingent on a home inspection. 

Let me explain, this condition of the contract is designed to protect your best interest when it comes to the condition of the home you are purchasing. 

The home inspection will check for signs of structural damage or any other things that may need fixing. 

Your real estate agent will put this condition inside your contract and schedule/arrange to have this inspection conducted within a few days of your offer being accepted by the seller. 

 

There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision,

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!  

 

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540