The 9 Steps to Home Ownership

It is especially important to get "Pre-qualified" for a mortgage loan.  A Pre-qualification letter is a written statement from a loan officer indicating his or her opinion that you will be approved for a mortgage loan up to a certain amount. The fact that you are "pre-qualified" will help when it comes time to negotiating the deal.  We can help and would like to schedule a time to meet with you to find what features are important to you for your house and your plans for the future.

As we tour houses, we will point out both positive features and negative features that should affect your decision. We will refine our search by uncovering what you like and what you don't like. You'll probably amend your "wish list" as we tour houses, some things will become more important and others less important. With this new information, and as we refine our search criteria, you will find if easy to narrow in on the house of your dreams.

As we tour houses, we will let you know when the asking price has negotiating room and when the house is "priced to sell". Our unique market knowledge will keep you a step ahead of the "house hunting competition".

In a "seller's market". It is not unusual to see multiple offers on a property, full-price offers and even above-price offers. On the flip side, during a "buyer's market" there are more houses for sale than buyers. This gives us more negotiating room as houses are taking longer to sell.  The exception enters in when there are foreclosures such as we are seeing in Las Vegas at this time.  As a result of banks anxiously liquidating these homes, the prices are phenomenal, but the result is that we are seeing multiple offers on these record low prices set by the Banks.  Great deals can be gotten, but you need someone you can trust to not only get you the home at the right price, but also to help you get the home - period.

The offer is normally presented with "earnest money". This is a cash deposit made to a home seller to secure an offer to buy the property. The amount is applied to closing costs. If the seller accepts the offer, generally closing is held 30 to 60 days from the offer date (generally dependent on the turn around time of your mortgage financing).

Market conditions will play a role in how aggressively we negotiate the deal. We will also work within your limits. Emotions can lead to buyer's remorse. It is better to set limits prior to negotiating an offer and stick to these limits.