Blog Credit: Betty White
Buying a home remotely has become a reality nowadays. People often don’t have time to spend hours and days visiting open houses, exploring neighborhoods, etc. All of these tasks require a lot of energy, time, and money – which is often a luxury for many. That’s why buying a house in Las Vegas remotely might seem like a huge risk. But it doesn’t need to be. If you’re prepared and aware of all the possible challenges that might come your way – the process won’t be as hard as you imagined. We gathered all the good and useful things in one place – everything you need to know about remote house purchasing without making any mistakes.
Know what you’re looking for
One of the main things that can help you when buying a house in Las Vegas remotely is being specific about what you want. Of course, it’s not always possible to find a perfect house, but you should be clear about what suits your family the best. You should make a list of all the things you are looking for, and of course – the deal-breakers. Apart from the basic house details in terms of size and layout, check for other preferences like neighborhood, nearby schools and hospitals, etc. Make sure that you are ready to talk with your agent, so they can be fully aware of what kind of house you want and therefore be able to find the right home for you.
Consider your financing options
Probably the most important factor of a remote purchase is the money. If you need to use a mortgage, you need to be ready for the process before you start looking for a home. This means preparing your credit reports and making sure how much you can afford. Las Vegas offers homes of various price points, but you should know that the median house price is $300,000. Apart from the house price, don’t forget to consider the closing costs, too – which are 2-5% in Nevada. The good thing about buying a house in Las Vegas is the property tax. It is one of the most affordable in the country. This way you can even save some money and invest it in your new home.
Let a reliable professional help you find a home and relocate
When buying a house remotely, you can’t do everything on your own. Trusting a professional can be the smartest thing you can do in this situation. Hiring a reliable real estate agent will save you a lot of time since you don’t need to review multiple houses until you find the right one. An experienced agent will narrow the search to only the top choices, and also deal with all the other house purchasing tasks – communicate with the seller, get the paperwork ready, etc.
The same goes for moving to Las Vegas. This is the natural next step you should also plan along with the house purchase. A skilled and experienced mover can help you with the relocation from different parts of Nevada, so you don’t need to worry about the safety of your belongings. For that reason, consider hiring a relocation specialist for your Las Vegas move. Just do some research and make sure you hire a reliable professional with a lot of experience. Browse reliable online sources and get recommendations from the people you trust.
Attend the house inspection day
If you have limited options with attending the whole house purchase process, make sure you be there on the inspection day. Even though you can get pictures or videos, you should see the potential issues in person. This way, you will know what to expect and learn some things about the house and its maintenance.
Consider remote closings when buying a house in Las Vegas remotely
As we mentioned, it’s important to be there for the house inspection. However, even though closing seems like the more important event – it doesn’t need to be. Remote closings are becoming more and more common these days. However, there are a few things to know about them. It’s important to work with a title company that has a national network – especially if you’re moving to Las Vegas from another state. Also, you should know that electronic signatures are just as valued, so you don’t need to worry about not signing them in person. And finally, you’ll need to find a mobile notary, so make sure you get recommendations in advance.
Consider moving to a rented home first
One of the things to consider when buying a house in Las Vegas remotely is moving to a rented home before you purchase your own. Even though it’s more trouble if you have to move twice, it will give you peace of mind when buying your Las Vegas home. Giving yourself a couple of months to become familiar with Las Vegas and take your time to find a perfect home can be very valuable. Let your family get to know the place and explore a bit before deciding on the right neighborhood. This will surely make you more peaceful and reduce the stress of buying your dream home.
Ask everything that will give you peace of mind
Buying a home is often very stressful, but buying a house in Las Vegas remotely is even more confusing. Therefore, don’t be shy to ask your agent or the seller all the questions that will help you understand the process better. Also, it’s good to request a walk-through contingency – another precautionary step in the process that will ensure the house you picked meets your expectation. Take your time and have a safe purchase!