Las Vegas Real Estate: Preparation for the Offer

Let’s assume that we just previewed Las Vegas real estate all week and you found the property you want to make an offer on. Now what? What do you need to have with you in order to be prepared to submit your offer?

• Checkbook – For Earnest Money Deposit (Foreign Nationals or Sight Unseen Buyers may wire transfer within 24 hours of accepted offer)

• Getting a loan? Pre-Approval letter from a local lender.

• Purchasing with cash? Proof of funds, either a letter from the bank printed on bank letterhead or a print-out of your bank statement with the account number blocked out.

Also - it’s critically important to understand your financial overview realistically. What monthly payment fits into your budget? Don’t forget to include extra items such as taxes, homeowners insurance, homeowner association dues, etc.

Additionally – it’s important to be clear about how much money is needed for closing (down payment, escrow fees, etc).

It’s also prudent to start thinking about the logistics associated with an accepted contract. Consider these issues as you move forward towards the purchase of your new Las Vegas home.

• Recommended – A home inspection
• Recommended – An insurance quote from your insurance agent (request a copy of the CLUE report)
• Recommended – A home protection plan
• Final Walk Through
• Closing and Settlement Appointment
• Moving Dates

Comments are closed.