Congratulations, So You’ve Decided To Buy A Home in Las Vegas
Here at Open Door Residentail we understand that the decision to purchase your first home, or any home for that matter is often one of the biggest decisions you will make. For many, after all, a home is the biggest - and most consequential - investment they will make in their lifetime. So, how do you know if it's the right time for you to buy?
Many believe that right now is a great time to buy a home again in Las Vegas. The key is finding the right home for you and taking the time to carefully evaluate your personal buying situation.
Buying and owing a home has many advantages both personal and financial. For many, buying your own home is a great investment that can deliver many financial benefits, including - equity build up, value appreciation, automatic savings plan - not to mention the pride of home ownership and the sense of community home owners enjoy.
You need to start looking at your options today. You don't have to know everything. At Open Door Residential my team of buyer’s agents and I are eager and ready to help you through every step of the process.
Buying a new home can be challenging, after all its not something people do every day, not to mention the fact that its unlike the purchase of any other consumer product anywhere. You should have a trained, knowledgeable, and experienced real estate professional assist you with the process. My Open Door Residential team of agents and I have the experience to guide you through the process and help avoid the pitfalls and frustrations that can otherwise be disheartening and frustrating.
Plus, Our Service is Free to you
Learn More about Buyers Agents and why you should not buy a home without one.
Choosing And Hiring A Real Estate Agent
Reputation and experience matter in real estate. Don’t trust the most important purchase of your life to a new, part time, or otherwise inexperienced real estate agent. You simply have too much to lose and everything to gain by working with the right agent.
When looking for a real estate professional to help you, know that above all else, good agents put their clients first. This is your dream, and your agent is there to get you what you want and to put your interests ahead of their own in order to help you achieve your goals. A great real estate agent will:
- Teach you about the local market and the current condition.
- Help you decide what you want and what you need in your next new home.
- Coordinate the work of other needed professionals throughout the process-Mortgage Brokers, Home Inspectors, Appraisers, Escrow Agents, Showing Agents, Transaction coordinators, and the many others.
- Lead you to the home that fit your needs, wants and most importantly your budget.
- Negotiate for you to get you the best deal possible.
- Manage the many critical tasks and deadlines.
- Use his or her experience to anticipate situations that may arise throughout the process and deal with them proactively to solve any problems that may arise.
Getting Financially Approved
In todays market its critical to get Pre Qualified or Pre Approved before starting your new home search. A vast majority of the homes for sale today require that any offer submitted include a current and valid Pre Qualification letter form a lender or a Pre Approval letter form a lender for the offer to be seriously considered.
To make the financing process as painless as possible, we can help put you in touch with a trusted local mortgage lender. Over the years we have developed relationships with some of the top lenders and brokers in town. They are honest, reputable, trustworthy, and qualified to do work in the state of NV. Simply put, we only work with lenders we trust and who we know can get mortgages done for our customers and clients
- Review your current financials.
- Discuss the options available to you.
- Get you pre qualified or pre approved for your appropriate price point.
- Keep you informed and updated through out the entire financial process from offer to close.
- Finding The Right Home
There are a lot of homes out there, and starting out by diving around aimlessly and without a plan can become overwhelming and confusing not to mention that it can possibly derail your entire home buying process. At Open Door Residential, my team of buyer’s agents and I will help you create a search strategy and more accurately focus your new home search. Our Open Door Residential buyer’s agents will help you find right home that will meet all your important needs, and as many of your additional wants as possible. Some questions you might want to start thinking about now:
- What kind of neighborhood do you like?
- What area of town is your comfort zone?
- What amenities are important for you and your family?
- What size home do you need and why?
- Which is more important: size or location?
- Would you consider a brand new home?
- Where do or will you work – what about your commute?
- What features are a must have vs. nice to have?
Keep in mind that in my experience, as you look at homes, many of these thing will change and gain and lose importance and your priorities will usually adjust along the way. In the end however my team and I will help you make the best and most informed decision for you.
Making The Offer To Buy
Once we've helped find the home you love, the next step is determining the right price to pay. At Open Door Residential my team and I have the data, tools and more importantly, the local market knowledge and expertise to analyze it all, in order to help you make the most informed offer.
It's important to remember that a home is an investment. Our Open Door Residential agents and I can use our sources and pull information on other properties in the neighborhood to help ensure you make an informed decision when it comes to price. Not to worry, we will guide you step by step through the offer process.
Some things to consider when looking at price:
List price Vs. Offer Price Start with the price point that the home is listed at. This is the asking price, which is often negotiable, however keep in mind that in todays market most homes have been selling for 90% or more of the list price. Your agent will give you an idea of comparable home values in the neighborhood to help you decide if the price point is on par. Your agent can also give you a report showing the property history from our public records sources.
If you are considering a brand new home being built by a new homebuilder, we have access to sales and price data that few others have access to. Having been a former home building sales and marketing executive with Pulte Homes, Del Web Homes, and Lennar Homes, I am intimately familiar with the Las Vegas New Home Builder Industry keep track of new home builder pricing, new home builder incentives, new home builder lot premiums, and new home builder option prices. At Open Door Residential, my team and I can help you buy a brand new home, from a homebuilder at the very best price.
Inspections and Your Due Diligence
Your agent will provide you with improvements and challenges within your home. This way you'll know what you are getting into before you complete the purchase. Knowing what work has and has not been done to your home is important information to have in the buying process. While updates can increase your home value, damages can take money out of your pocket. Your main concern is the possibility of structural damage, which can come from water, shifting ground or poor construction. Very often a problem appears to be big, but can be fixed with very little effort and not a huge budget.
As a wise man once said, "It aint over till its over," meaning that even though we are in contract and you have a mortgage approval and our Home Inspection and Due Diligence is behind us - we sill have to get to the closing table. There are a few things that you'll need to keep in mind:
Staying in control of your credit and finances - Do not make any large purchases while you are buying your home. I have seen people decide to buy furniture for their home a week before closing and put it on a store charge card and then not be able to qualify for the home because of the credit inquiry. It’s incredibly sad. It's important to keep your financials steady throughout the buying process. Talk to your financial consultant for guidance. It's important to stay in constant communication with your Open Door Residential agent during this process. Be sure to return all phone calls and complete paperwork promptly. Also, don't be afraid to ask questions. Our team is there to help you!
Move in Day
Congratulations, and welcome home! The home-buying process is complete, which means it's time for you to move in and start enjoying your new home. Remember that performing routine maintenance is a part of home ownership and is always more affordable than having to fix big problems later. Just like with a car, you have to change the tires and the oil periodically – a home will need similar kind of attention to keep it top working order. Be sure to watch for signs of leaks, damage and wear. And remember, just because the sale is complete, your relationship with Open Door Residential doesn't need to end! After you buy, your agent can still help you - providing information on the real estate market, finding contractors and repair services, and even tracking your home's current value. At Open Door Residential, we look forward to working with you and keeping in touch for a long time to come. Happy home owning! Why Buy with Open Door Residential? We love helping buyers find their dream home! That's why we work with each client individually, taking the time to understand his or her personal and unique, needs and wishes.
When You Work With Open Door Residential, You’ll Get:
A knowledgeable, experienced real estate professional A Realtor® who will look out for your best interests A proven targeting system to streamline the buying process We Commit to Helping You With Your Home Search By: Preparing a personalized home search query Delivering up to the minute listings to you that match your search Helping you preview homes on the Web Personally touring homes and neighborhoods with you Keeping you informed of new homes on the market Advising you of other homes that have sold and for how much Working with you until we find the home of your dreams
On Line Tools and Technology
Our website OpenDoorResididential.com has one of the most advanced local Las Vegas real estate search features available. The listings shown on OpenDoorResidential.com are updated up to 5 times per day, directly form the Greater Las Vegas Association of Realtors (GLVAR) Multiple Listing Service (MLS) data. This gives you the fasts most accurate list of available homes. We also employ a myriad of technology tools and know how give us an advantage in market. No matter if we are searching for your perfect home or marketing your home for sale to the greatest number of buyers. Our use of technology gets the job done and is second to none.
Trustworthy, Honest, Integrity, Professional, Friendly and Knowledge, are words that you’ll see over and over in client testimonials. At Open Door Residential we understand the meaning of the word Fiduciary and always putting our clients needs first. We fundamentally believe that our success is directly linked to the relationships we build, the reputations we develop and the legacy we leave behind.
At Open Door Residential our associates, and agents believe in our core principles and live them every day. Among them is teamwork, believing that we are all more successful if we work towards a common goal and support each other
The proof is always in the pudding and we are proud to call ourselves real estate professionals. With a verifiable track record of individual and team success our team members are among the most experienced and well respected REALTORS® in Las Vegas. We believe that Reputation and Experience Mater in Real Estate. Don't trust the most important sale or purchase of your life to a newbie, part timer, or otherwise inexperienced real estate agent.
You simply have too much to lose and everything to gain. Begin Looking at Homes for Sale Search homes for sale and use an Open Door Residential Real Estate Expert to help you get the most in today's real estate market.