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FOR BUYERS
100% financing available! No money down! 702-871-3400 x866 - Call Now! A qualified professional is available to answer all of your real estate questions. Our service is free to homebuyers. WHY DO I NEED A BUYER'S AGENT? DID YOU KNOW . . . that a sales agent represents the seller/builder. They do not represent the Buyer; therefore, important decisions and compromises regarding your new home are usually made in the best interest of the seller/ builder if you do not have a Buyer's Agent to represent your best interest. DID YOU KNOW . . . that Buyers do not pay a Realtor commission when buying a new or resale home? The commissions are paid by the seller/builders. DID YOU KNOW . . . that the National Association of Realtors has a professional designation known as the Accredited Buyer's Agent(ABR)? Realtors who achieve this designation have special training and skills to represent Buyers to make sure they are getting the best deal possible and the most for their money. A Buyer's Agent will follow your transaction from the offer to closing to make sure that your interests are protected each step of the way. DID YOU KNOW . . . that closing costs are negotiable? Your Buyer's Agent can negotiate these costs to make sure the seller/builder is paying their fair share. It could save you thousands of dollars. IT MAKES SENSE TO USE A BUYER'S AGENT TO REPRESENT YOU IN YOUR HOME PURCHASE
THE HOME BUYING PROCESS
Earnest Money Deposit So you will not be placed in an uncomfortable position when you purchase a home, an understanding of the earnest money deposit is of the utmost importance. At the time a written offer on a property is initiated, you will generally be required by the seller to include a personal check or cash. The amount deposited will generally be held by an escrow & title company and not turned over to the seller. This money represents your sincerity in the attempt to purchase and is refundable if the offer is not accepted. You should anticipate approximately 3% of the selling price, as earnest money, to be required at the time of the offer. So please be prepared if you feel you may purchase a home on your visit. Escrow When the property has been sold, normally the broker or agent will go to the title company and open an escrow. The escrow will be assigned an escrow number and escrow officer. The officer will then order a preliminary title report, draw escrow instructions, and any other necessary papers in connection with the transaction. When the escrow officer receives the preliminary title report, copies are then delivered to the broker or agent, buyer and lender From the report, the escrow officer can see what, if any, liens or problems exist that will have to be cleared prior to the close of escrow. The officer will send payoff demands to the existing lien holders of record in order to pay them off at close of escrow. The officer will clear everything against the owner of record and/or subject property, and bring seller current on any taxes upon close of escrow. The proper documents are then ordered (deed, deed of trust, etc.) and any other documents that might be needed in a particular transaction. When all necessary papers have been signed and all monies received, the documents needed are then recorded. The escrow officer will then make the necessary disbursements and do all closing papers, due to the fact that once the documents have been recorded, escrow has closed. Title When property is to be sold or is being refinanced, the lender and/or buyer need a preliminary title report to see if any liens or problems exist. Items a preliminary title report will show:
When the sale or loan of the subject property is final, and the title company has recorded the necessary documents in order to close escrow, they then issue a policy of title insurance to the new lender and/or buyer showing clear title to subject property. Your Goals/Sullivan Group's Goals
Let Us Work for You We share a cooperating relationship with all real estate offices within our community. That means we can show you properties that are listed with ANY brokerage in the entire area. We will be glad to represent you in "For Sale By Owner" transactions as well. If You See A Sign . . .
If You Read An Ad . . .
If You Hear About a Property For Sale . . .
Looking For a New Home in Las Vegas? Looking for a new home in Las Vegas? ALWAYS TAKE YOUR OWN AGENT! You've decided that you want to look at new homes around Las Vegas. So you grab the Sunday paper with its handy reference map, jump into your car and start driving around the city looking at the new home tracts, right? WRONG! This is a common mistake that could cost you thousands of dollars and a lot of peace of mind! Unless you are a contractor in Las Vegas, it is unlikely that you will know the builders as we do. New home or resale, you should always have your own agent - it costs you NOTHING! But you must take your own agent with you on your first visit into the new homes sales office.
Other Helpful Resources for Buyers Terrific Tips for 1st Time Buyers The first place to look when thinking of buying a home. Steps to Home Buying Success Home buying is a complicated process, especially if this is your first time. Where do you start? These steps will help you through the process to make your home buying experience a success. Home Buying Mistakes Whether you are just thinking about buying or already mid-way through the process, every buyer can benefit from these tips - and avoid these mistakes! Making an Offer A guide for making an offer on a home. Handling Home Buyers Remorse How to handle commmon worries. Resale Potential of New Home It may seem strange, but before buying a home, consider its resale potential. Before Signing an Agreement Using an agent can be a great idea, but before you sign an agreement be sure you know which one you want. Preparing Contract Contingencies Suggestions of things to put in the contract. Dealing with a low appraisal Appraisal came in low? Don't panic - there are options. |