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Category: Buying

Leng’s Guide to Buying a Home – Step 13: Moving in and Extra Tips

Posted on November 11, 2017November 1, 2019by Leng Lim

Here’s some last minute things you should know about moving into a new home you just bought and closed escrow on 🙂 Utilities If you’d like power, gas, and water to be on when you receive your keys, I would recommend that you arrange for the utilities to be on by the time you move…

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Leng’s Guide to Buying a Home – Step 12: Recording Title & Getting Keys

Posted on November 10, 2017November 1, 2019by Leng Lim

Congratulations! We’re almost done!   When the wired money has been received and  both parties (buyer and seller) have signed off on all the documents, the title company sends the deed off to Clark County for recording! Usually if it’s sent to Clark County by 2pm, we should have it in the buyer’s name by…

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Leng’s Guide to Buying a Home – Step 11: Signing & Wiring Funds

Posted on November 7, 2017November 1, 2019by Leng Lim

This is the last step before you get your keys! If you’ve finished inspections and have your loan approved, you’re usually ready to sign! What should I be aware of before doing the final document signing? The title company will provide us with an estimated settlement statement. This is a breakdown of the fees that…

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Leng’s Guide to Buying a Home – Step 10: Walk Through

Posted on November 6, 2017November 1, 2019by Leng Lim

Before we finish the sale and you own the home, we normally do a final walk through of the home. What is the walk through for? The goal of this walk through is to make sure the condition of the home is as good as it was when the offer was accepted. We want to…

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Leng’s Guide to Buying a Home – Step 9: Home Warranty

Posted on November 5, 2017November 1, 2019by Leng Lim

If you’re happy with the home, the neighborhood, and you get your financing approved, then you’re pretty much home free! This article and the last few articles will explain the process of finishing escrow and getting settled into your home! First, you should consider getting a home warranty, especially if you’re not buying an older…

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Leng’s Guide to Buying a Home – Step 8: Getting Your Loan Approved

Posted on November 5, 2017November 1, 2019by Leng Lim

Although this is “step 8”, we start this process as soon as you get an accepted offer. When you have an accepted offer, you will normally meet your loan officer within 2 business days to start the loan application. Getting your loan approved is step 8 because we usually don’t have to worry about the…

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Leng’s Guide to Buying a Home – Step 7: Reviewing HOA Documents

Posted on November 4, 2017November 1, 2019by Leng Lim

If you are buying a home in a Homeowner Association (HOA), the following article applies to you. What is a homeowner association? If you live in a neighborhood with an HOA, a community management company will take care of amenities (like gates, community pools, common landscaping, gyms, etc.) and make sure all the homes are…

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Leng’s Guide to Buying a Home – Step 6: Due Diligence and Inspections

Posted on November 3, 2017November 1, 2019by Leng Lim

After we’ve submitted contracts to escrow and dropped off or wired our earnest money deposit, our next step is to do our “due diligence.” Usually inspections are done in this time period. While still within the due diligence time period (I usually set it to 15 days in our contract) , you can cancel the…

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Leng’s Guide to Buying a Home – Step 5: Starting Escrow

Posted on October 30, 2017November 1, 2019by Leng Lim

After the buyer and seller can come to an agreement and we have an offer signed by both sides, we can “start escrow” Starting Escrow Step 1: Submit contract to our escrow company   Usually the first thing we do is submit the offer documents to our agreed upon escrow/title company. An escrow company is…

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Leng’s Guide to Buying a Home – Step 4: Making Offers

Posted on October 16, 2017November 1, 2019by Leng Lim

When you’ve found a home or homes you like, we can start sending in offers. What do we do first? Usually the agent should check the values of similar homes in that neighborhood that have sold recently. These values and the analysis are called “Comps” or “Comparable Market Value Analysis.” Why are “Comps” important? Basically,…

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