In today’s Las Vegas and Henderson seller’s market, it may be difficult to find and buy a home as quickly as you would like. While not all factors are within your control, there are several things you can do to speed the process along and avoid major delays.
In a competitive housing market, no seller will take you seriously unless you are already pre-approved for funding. If you don’t have a mortgage loan officer yet, we can refer you to one so you can get a pre-approval letter.
Let me represent you
Bidding wars are a common occurrence in a seller’s market. You may see yourself outbid on several properties before an offer is accepted. That’s why its important in this situation to choose an experienced, knowledgeable real estate agent who knows how to negotiate hard for you which we will do if you hire the Dulcie Crawford Group
Prepare All Your Documentation
Once you have an offer accepted on a house, be prepared to send your loan officer paperwork and documentation as quickly as possible. You can speed up the underwriting process by having all of this ready to go. While the exact requirements vary from lender to lender, in general they will need the following: the most recent two pay stubs from work, the last two years of tax returns and W-2 forms, the previous two months of bank statements, statements from retirement or other investment accounts, and statements from additional income sources like alimony, child support, or Social Security. If you’ve had any large deposits or withdrawals from your bank accounts recently, you may need to provide a written explanation for those.
Expect to Negotiate After Inspections
One of the biggest delays to the home buying process is often issues that turn up in the home inspections. These cannot be anticipated but you can strategize ways to keep the process flowing even if problems arise. If the reports turn up repairs to be completed, we can negotiate for a lower price or money back at closing to have them done later instead of waiting for the seller to complete the repairs.
While you may not be able to speed up every part of the home buying process, you can help it go faster and smoother by being prepared and responding quickly by following the steps listed above.
We are in your corner and want to help you buy your next home. Give us a call today if you have any questions or would like to discuss your options.