Congratulations! You have decided to buy a home. Buying your own home is one of the smartest financial decisions you will ever make. For most Americans, the equity that they build in their home is their biggest source of wealth. A homeowner’s net worth is 45x greater that a renter’s.  Home-ownership is like a forced savings, every time you pay your mortgage you are contributing to your equity or net worth, instead of helping to pay your landlords mortgage and net worth. When you buy a house you begin to put your housing cost to work for you. 

As your real estate agents we will represent your best interest thoughtout the entire process.

The first step is to get with a mortgage company and get pre-approved for a loan (unless you are paying all cash). This step is very important for several reasons.

When you are pre-approved for loan you will know what you can afford to buy and shop with confidence, knowing that you won’t have any problems getting the loan. The seller will also, want to know if you are able ( a seller will want to see a ready, willing and able buyer) to buy his or her house.

When you are pre-approved, we will get a letter from the lender stating the amount that you are approved for. When we show it to the seller, the seller will feel more comfortable and will give us more power in negotiations.

Here is a list of items to bring to loan agent for your application:

1. Last 30 days pay stubs.
2. Last 2 years W2s and/or 1099 statements.
3. Pension and/or Social Security award letters (if applicable).
4. Last 2 years 1040 Tax Returns with all schedules.
5. Last 2 years Corporate Tax Returns (only if you own a corp.).
6. Last 2 months Bank Statements – ALL PAGES.
7. Most recent quarterly statements 401k, stocks, mutual funds, etc. (if applicable)
8. Divorce decree and/or child support order (if applicable).
9. Bankruptcy discharge and petition (if credit report does not show obligations as satisfied in the BK properly  which is common and if applicable).
10. Mortgage coupons/statements showing payment breakout if you own other properties – also include copy of your homeowners policies and HOA statement/coupons. if out of state property, provide property tax statements.
11. ID
12. Social Security Card (if you do not have a SS Card, they will need to order electronic verification).

The next step is for you to come to our office for your initial consultation so, we can evaluate your situation and determine if it is in your best interest to proceed for you to buy a home.

If you decide that you want to move forward to buy a home. The next step is to determine the features that you are looking for in your home:

• Price range
• Area
• Style
• Size
• 1, 2 or 3 story
• Number of bedrooms
• Number of bathrooms
• Family/Bonus room
• Age of the home
• Lot size
• Pool/spa
• Garage
• Special requirements etc.

We will do a computer search on our Multiple Listing Service (MLS) system to get a list of homes for you to look at, the printouts will have photos, descriptions and directions to each home, and we look  at homes that you want to see.

Once we find a home that best fits your needs, we will write up a purchase agreement and other necessary paperwork. Our goal is to get you the home that you want for the best possible price and terms. 

We will assist you every step of the way. This includes advising you about the community and different areas, values, trends, and helping you to pick a home. We will also, help you structure the Residential Purchase Agreement and all negotiations.

We will also, coordinate all the details with the Title/Escrow Company, mortgage company,appraiser, inspector, other real estate agents,etc. throughout the entire process.

We are in essence employed by you. The most common way for us to get paid is to be compensated from the seller’s proceeds at closing, we generally do, not get paid until you close on the house.

To review, the steps in the home buying process are:

1. Determine if buying a home is right for you.
2. Get pre-approved for a loan.
3. Study the real estate market.
4. Identify the community you like.
5. View specific homes.
6. Pick a home that meets your needs.
7. Analyze the value.
8. Negotiate the contract
9. Close and move.

If you looking to Buy a Home in the Las Vegas Area?  We will help you find a Home! Find Newly Built Home from a New Home Building Company. Or find a resale Home For Sale in the Las Vegas Area. We will help you find oneThe Watanabe & Weaver Team.

THINKING OF BUYING A HOME IN THE LAS VEGAS AREA?
WHAT’S YOUR HOME WORTH? BUYER’S INFORMATION & HOME SEARCH SEARCH ALL HOMES FOR SALE HOMES CLOSE TO WHERE YOU WORK     MY REVIEWS		Nathan Watanabe Realtor Watanabe & Weaver Team of XPAND REALTY & PROPERTY MANAGEMENT 702-326-7473 Licensed In: NV License #: S.47776 Contact Me