Posts with tag 'For buyers'
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10
Las Vegas Neighborhoods: HOA Pros and Cons
ARM, FHA, MLS ... the real estate industry is full of acronyms. If you're in the market for a condo, townhouse, or other Las Vegas homes for sale in certain communities, one acronym you should become familiar with is HOA, or homeowners association.
An HOA is established to manage a community to maintain a consistent standard of living benefiting all residents. Here's a helpful look at the pros and cons of buying a home in a building or neighborhood run by an HOA.
- PRO: Common Area Maintenance
Have you ever seen a neighborhood that seemed to always look messy or shabby? That's never a problem in communities with an HOA, as it's the association's responsibility to ensure the upkeep of lawns, streets, and sidewalks.
29
Overcoming a Less-than-Stellar Home Inspection Report
If there is ever a good time to have the support of one of our real estate agents behind you, it's when you get the inspection report. Normally, you'll get it after you've put down a deposit and have opened the escrow. When it comes back with bad news, the knowledge and experience your agent have are essential.
You'll have to make quick decisions about how to deal with the results of the inspection. If you're like many, you may feel you need more information to make a solid decision about the defect. Besides the deadline, there could be a lot at stake with some of the problems that the home inspection reveals. Your real estate agent has the experience to identify the items that will be easy to fix and those that require a pro and a good deal of money.
- Identify Your Strengths Beforehand
Decide where you fall on the do-it-yourself scale and let your REALTOR® know. While you won't know the extent of repairs a home will need before the formal inspection, you can avoid those properties that will need more TLC than you're willing to give.
25
7 Springtime Bidding Strategies for Las Vegas Home Buyers
If you moved to the Las Vegas Valley recently, you might not know what locals do about Las Vegas homes for sale. Compared to other major cities in the country, the housing market in this city has swings in the supply and demand balance that sometimes start bidding wars among home buyers in the spring when housing sales start to increase.
A bidding war starts whenever two or more people want the home, and neither is willing to let it go. If you find yourself in a position where you have competition, one or more of these strategies from our real estate agents might give you the upper hand.
- Get Pre-Approved
Not only will it provide a ceiling for you in a bidding war, but pre-approval from a lender will also get your foot in the door with real estate agents and home sellers. Many agencies and sellers won't deal with someone who doesn't already a pre-approval letter. This practice is two-fold. First, it separates serious buyers from people who are just curious and second, it lets you know how high you can bid should the situation develop.