Alejandro Grimaldo - Las Vegas Real Estate Agent

Sellers can either hire Las Vegas real estate agent to list their home or try selling it as a For Sale By Owner. There are people who sell their home to online companies that give them an instant offer. Also, if the home is in need of repairs, you could sell it to investors who would pay cash and take care of most of the closing expenses. However, most FSBOs still end up hiring a Las Vegas real estate agent since agents are very well-equipped to take care of all the details involved in successfully selling homes for top dollar. They can also expose the home to the widest range of possible buyers by listing through the Multiple Listing Service (MLS).

Legally, being unhappy is not a valid reason to end a contract in Las Vegas. It is possible to terminate a contract; nonetheless, there must be proof of your agents' lack of “due diligence,” simply stated, it means that the agent is not observing the normal procedures to properly market the home, such as listing it into the MLS, advertising it on the Internet, installing a lockbox and/or putting a For-Sale sign on the home’s yard if requested. The first and most important thing you should do is, discuss the issue with the real estate agent and his supervising broker. Having a healthy conversation can clear some doughts as to what is being done or not, and If you think that the listing agent is really doing a bad job, you can suggest to the broker that your listing be transferred to one of the brokerage’s more effective agents.

I appreciate the question! Whether single or with your significant other, you must consider your current situation. Is moving important, and will it solve a problem in your life? Will waiting to sell my house increase my monthly payment on my new home? In this case, it is better to buy a house first, before deciding to put your existing house on the market because you are confident that you will be solving a problem and it makes sense financially. On the other hand, if you are not in a hurry and selling your house first makes sense, seek advice from a local Las Vegas Real estate Agent to know your options and to make this decision easier.

Since buyers often don’t know where to start looking for a home, real estate agents need to create ways for their buyers to search effectively. A great example is seen on my local website, www.AlexGrimaldo.com. where buyers can find a home by searching by area, searching by specific property type, browsing through market reports, or simply going straight to a real estate agent. Also, learn about the different neighborhoods around the valley. Here you will find specific information to each community and available homes. Las Vegas Valley Neighborhoods. Furthermore, since we are busy and on the move our Las Vegas REALTORS ® association offers the most advanced Mobile APP for our customers to search for active homes on the market today

Most people need to take out a mortgage loan when purchasing a house. That said, a mortgage lender will require a down payment from potential buyers as proof of their financial capability. It all depends on the type of loan you are applying for. Some of the most common ones are: Conventional, FHA, VA, USDA, Jumbo, and ARM loans. Your real estate agent in conjunction with your lender should inform you what the recommended amount should be — as well as the consequences of falling short. For example, putting down less than 20% means taking out private mortgage insurance, which protects lenders if the borrower defaults on their loan and it increases your monthly payment. Download Our Free 10 Mortgage Tips. Also, make sure you understand that when financing your home, your Credit Report and Credit Score are very important. Make sure you ask questions!

Hello Michael, Both are great choices but It depends on what you and your family are looking for. If you are not the kind of person who has time to work on renovations and you are not willing to put your family through major disty rehabs, well then, a new build is the way to go. If you have the energy to rehab a home yourself or with the help or family and friends, then i'd say get a resale home that has not been upgraded and you will reap the rewards in equity by doing all of the upgrade. Also, you and your significant other will choose all of the upgrades to your liking. A second of why I would recommend buying a resale home would be, if you want to live a specific well known community that is close to schools, work, family or friends. There are many resale homes in Las Vegas, Nevada that would make a great home for many years to come. Please let me know if this was helpful and if you have any other questions, please don't hesitate to ask. Thanks, Alejandro Grimaldo - LV Agent

The housing market is not like the situation back in 2008. I believe that the housing market is going to stabilize. It’s not going to crash, at least not this year. To really understand what's happening with real estate today, it's important to lean on the experts for reliable information. Natalie Campisi, Advisor Staff for Forbes, explains how today’s lending standards are different than those during the lead-up to the housing market crash: “Among the differences between today’s housing market and that of the 2008 housing crash is that lending standards are tighter due to lessons learned and new regulations enacted after the last crisis. Essentially, that means those approved for a mortgage nowadays are less likely to default than those who were approved in the pre-crisis lending period.”

This is always a personal decision, and you need to evaluate your personal circumstances. If you are renting now, more than likely you have been notified that your rent will be going up significantly. In this situation, I definitely suggest you buy now as down payment assistance programs are available and you might end up paying the same or a little less than what you will pay in monthly rent. Renting vs Buying: How to Decide What’s Best for You. But, if you are a homeowner, you must evaluate your personal needs. Do you live with elderly parents and need a single-story home? Do you have new family members in your home and need extra space? Do you work from home and need to separate the home life from work? Also, take in consideration that purchasing a home is an investment. ongoing appreciation should give you peace of mind your investment in homeownership is worthwhile because you’re buying an asset that’s projected to grow in value in the years ahead.

Some homebuyers can get their pre-approval letter within hours. People with straightforward W2 income, decent credit, and money in the bank can be house hunting the same day. But for others, getting the letter could take days or weeks. If you’re self-employed or have dinged credit, your lender will require more documentation upfront. It may submit your full file for manual approval by the bank’s underwriters before issuing the letter.

Closing is the day that settlement occurs, title is transferred and you get the keys to your new home.

Most financial institutions say that if you add your gross monthly income (not take home) with your spouse’s gross monthly income and multiply that by 30% of your total gross monthly income, this figure would be what you can afford to use towards housing related payments, ie: mortgage payments, taxes and insurance.