Las Vegas Real Estate Closing Nightmares to Avoid



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You can guarantee a smooth closing process before you are handed the keys to your new Las Vegas luxury home with a little research and advanced preparation.  Here are few of the common closing-day nightmares, and advices on how to avoid these disasters from ruining your home buying experience:

 

  • In some cases you will get unwelcoming surprises like missing appliance or cracks previously hidden by an ornament about 24 hours before closing. Having a home inspection contingency before completing the offer can prevent this terrible situation.

 

  • You will receive a settlement which outlines the final costs associated with your mortgage before closing. Read this over carefully and compare these costs to those listed in the Good faith Estimate (GFE) that you initially received from your lender. It is common that there should not be differences on the costs between those two. However, sometimes there are legitimate reasons why they may be a little higher. Plan to go to bank before the closing meeting and get a cashier's check (or certified check) because you need to pay these costs with guaranteed funds. Plus, remember to bring your driver's license and checkbook to make sure you are prepared.

 

  • As you arrive at your new Las Vegas luxury home, you may be shocked if the seller's belongings have not yet moved out. You may consider adding a clause in your purchase agreement, which specifically affirms that seller is responsible for any expenses you acquire if the home is not vacated.


You can use these guidelines to avoid potential troubles on the closing of your new Las Vegas luxury home. It is considerable to be mentally and financially prepared throughout this process.

 

 

Need more information on a Las Vegas Luxury Home for Sale?

Shapiro & Sher Group

Prudential Americana

(702) 315-0223

sold@lasvegasfinehomes.com

 




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