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Leng Lim

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Category: Buying

Leng’s Guide to Buying a Home – Step 3: Choosing & Viewing Homes

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

After you’ve got your loan pre-approval and told your agent what you’re looking for, you should start getting e-mails with lists of homes that match your criteria. What should I expect? What follows are a lot of mobile phone screenshots and explanations. This is to give you an idea of the kind of information you…

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Leng’s Guide to Buying a Home – Step 2: Tell Your Agent What You’re Looking For

Posted on September 12, 2017November 1, 2019by Leng Lim

After you’ve gotten your loan pre-approval or have your bank statements ready, you’re ready to start shopping! In the 2nd step of the home buying process, you should tell your agent what you’re looking for, so they can start searching for homes that match your needs. The more specific you are, the less time you…

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Leng’s Guide to Buying a Home – Step 1: Setting Up Your Wallet

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

This first step in buying a home is setting up your wallet (getting a loan pre-approval) so that when you go shopping, you can actually make bids on anything you like. For cash buyers, you just need to print a bank statement balance showing enough funds and have it ready. Why should I go through…

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How to Obtain a More Reliable Loan Pre-approval

Posted on November 20, 2016July 19, 2017by Leng Lim

First, what is a loan pre-approval letter? A loan pre-approval letter is a document from a loan officer that states how much of a loan you are approved for and how much you would be putting down for down payment. Note: The more information that the loan officer has reviewed about the buyer’s situation, the…

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How Agents Estimate the Value of your Home

Posted on November 19, 2016November 22, 2016by Leng Lim

A licensed real estate agent needs to understand how to perform a comparative value analysis. This is like a rough but technical estimate of value. Not an official appraisal. In real estate school, we’re taught what factors influence the worth of the home. I don’t need you, the reader, to use me as your agent….

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Why Buyers and Sellers Should Care About Appraisal Value

Posted on May 22, 2016November 9, 2018by Leng Lim

If you’re looking to buy or sell a home, you should know what appraisal value is. Here’s why: When a person is looking to get a loan on purchasing a house, the lender will usually check the home’s value based on recent sales in the area. They send a real estate appraiser to calculate and…

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7 Power Tips for Buying a Home in Las Vegas

Posted on May 13, 2016July 19, 2017by Leng Lim

How to find and buy a home with confidence and less stress. In the following article, I’ll show you some of my favorite tips for buying a home in Las Vegas. It’s not always as simple as it seems and I hate to see people make simple mistakes that cost them time and money. So…

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