1.  Find the right representative

Even if you’re not quite ready to buy, your buyer’s agent can be an absolute wealth of information, and can often offer ‘scoops’ on local developments you might not have know about otherwise.  Speak to your agent first and he or she can be helping to guide you right from the start.

2.  Find out what your price range is

Online mortgage calculators are a good place to start, but as you get closer to being ready to buy, there is no substitute for a written mortgage pre-approval.  Just speaking to your lender is an extremely worthwhile venture – this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home (and possibly on renovating).

3.  Find out what your local market looks like

The internet can be incredibly valuable in doing preparatory research.  Start with your agent – he or she can direct you to valuable resources and immediately start e-mailing you real estate listings that may interest you (or at least give you a better idea of what your needs and wants are).

4.  Find out what your true needs and wants are

Compose a needs/wants list that takes into consideration your local market conditions, your price range, and the advice of your real estate agent.

5.  Find your dream home!

Once you’re ready to act, you may be surprised by how quickly you can make a decision.  Armed with your pre-approval, a little market knowledge, and your needs/wants list, call your real estate agent, hit the pavement, and when you see ‘the house’, put in an offer. 

With the right team behind you, it really can be that easy!

Nevada Buyer's Toolkit...

Your Plan...
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Your Team
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Your Agent...
A successful purchase starts with the right representative. In fact, once you’ve selected the best agent to represent you, it is likely that he or she can recommend other professionals to join your team, taking more of the responsibility off of your shoulders.

Lender (Appraiser)...
A bank is not just a bank. Having the right backer can be extremely important – it is your money we’re talking about after all! Make sure that your lender and financial representative is someone with whom you feel comfortable, and be wary of any lender who promises you more than you think you can reasonably afford. Your lenders may or may not require an independent appraisal, and typically will make arrangements for the appraisal themselves.

Lawyer...
Your home purchase is far too important a transaction to skimp on legal representation at the risk of leaving yourself open to costly future issues. Find a lawyer who is willing to take the time to answer your questions and who specializes in real estate law.

Home Inspector...
No home inspection is 100% guaranteed, but a few hundred dollars to catch a major problem now is certainly better than many thousands to correct that ‘surprise’ down the road. Ask your agent for a recommendation.

Contractor...
Planning some renovations? You’re not the only one! The home renovation industry is booming, and in some markets, booking a contractor must be done months in advance (that’s a long time to go without a kitchen). Don’t let finding the right contractor slip through the cracks – planning ahead will almost certainly make your renovation smoother, and you contractor will appreciate the advance notice.

©2007-2008 Outdoor and Resort Properties LLC   Outdoor and Resort Properties LLC 21217 Highland Rd. | Reno, Nevada 89521 775-847-9200  Contact Us Online    Disclaimer: Information provided to and by Outdoor and Resort Properties LLC is deemed reliable but not guaranteed. All measurements and figures are approximate. Properties are subject to errors, omissions, price change or prior sale. All buyers and buyer's agents to perform due diligence on all properties. For Agents | Privacy | Site Map | Link Exchange Please note: This information was obtained from sources deemed reliable but is not guaranteed by the broker.  Prospective buyers should check data to their satisfaction.  This property is offered subject to prior sale, price change, correction, or withdrawal.  Broker expressly disclaims making any representations concerning the physical condition of, the value of, or title to any real property, personal property, or water rights, or any government entitlements (e.g. zoning) relating thereto.  You are strongly encouraged to make your own independent investigation of such matters.  Without limiting the foregoing, Broker advises you of the following risks for which the Broker assumes no liability: Water Boundaries.  If the property is bounded by water, the boundary of the property may have shifted and title to the offered property may be adversely affected thereby.   Lead Based Paint:  Homes built prior to 1978 may present exposure to lead from lead based paint.  A risk assessment or inspection for possible lead based hazards is recommended as is a complete home - building inspection from a qualified home inspector.  Radon:  Radon gas may present a health risk and radon testing is suggested.  Noxious Weeds:  Properties may contain noxious weeds.  Government agencies may require owners to control or even eradicate noxious weeds.  Meagan’s Law:  Certain sexual and violent offenders and other individuals may be required to register their addresses with government agencies from whom you may obtain such information.  Buyers and sellers are advised to hire competent surveyors, lenders, 1031 exchange companies, appraisers, title companies, accountants, inspectors, and legal professionals and not rely on the Broker or any real estate agent for professional advice in these matters.