I have wrote about this in the past and it is worth repeating as there are buyers that are calling wanting to buy a Las Vegas home but have not taken this 1st crucial step that MUST be done before we can show you any Las Vegas homes for sale
Get PRE-APPROVED, Not (just pre-qualified)
THIS STEP MUST BE DONE!! You can't Skip it!
You want to get Pre-approved prior to viewing any homes on the market.
This means you get with a lender of your choice, (call me if you don't have one and would like some more info), and you give them all your work history, they actually get your credit report and score, you will provide them with w-2's, you go over your current expenses, etc and they will let you know the financing programs available to you so you know up front how much home you can afford to buy and what your approx. monthly payments will be.
The lender will then give you a PRE-APPROVAL letter. You will need to make copys of this to provide to your Las Vegas REALTOR® Dawn Barrier A copy of this letter MUST be sent with every offer you make. All Las Vegas Foreclosures (Bank owned REO homes) for sale, Las Vegas short sales and traditional sales on the MLS (any home you want us to show you) REQUIRE this letter to be submitted with your offer and they will call your lender to verify that the letter is stating the facts and so will we BEFORE we show you a home.
Don't be afraid of this process it can require patience on your part to gather all the necessary documents but look at the big picture....You are getting a New Place and this is just a step to get you there!
ALSO, be prepared that you may have to go thru another Pre-approval process with the Banks own Preferred lender Prior to putting in an offer, or w/in the same day of putting the offer in. This does Not mean you have to use the bank preferred lender, but it does give the bank more assurance that you are qualified (they may want to see those credit scores and w-2's, not just take the word of another lender) and they may even offer you a better deal on financing. They want to make sure that if your lender can't fund your loan, they will be able to step in and get it done so you can close the deal.
This is just the start of my tips to buying an Las Vegas home, but this is the most important information to get you started. There are always more tips and if you scroll thru my blogs you may find past tips as well.
If you have any other questions, feel free to email or call me about them.
If you are in the market for a Las Vegas home and are not working with a Las Vegas REALTOR®, call me. I would be happy to help you through the process of buying a home.
If you are in the market to sell your Las Vegas home and are not working with a Las Vegas REALTOR®, call me. I would be happy to help you through the process of selling your home.
Want to search Las Vegas homes for sale on the mls, on your own time, at any time? Then click on this picture below.
Tips To Buying A Las Vegas Home ~ Las Vegas Real Estate Agent Tips by Dawn Barrier, Home Buying Tips in Las Vegas