John Edmunds Real Estate & Investments

 REALTY ONE GROUP - LAS VEGAS - GREEN VALLEY

BUYING


Buying a home is a very exciting time, no matter if it is your very 1st home or your 2nd, 3rd, investment, or vacation home. Choosing a highly respected "qualified" and "experienced" REALTORĀ® is your first, and a very important step to ensuring that your new purchase will meet all of your needs.

Real Estate Transactions can be quite complicated and having someone experienced by your side is key to getting your offer accepted. I will guide you from start to finish, from finding the perfect home to contract negotiations, financing, and following it with you to close and handing you your new keys! For your convenience, I can also provide listings by email, and a special MLS search specifically for your needs, FREE!

Our team prides ourselves on repeat business and referrals and hope you'll come to understand why!

As Your Agent, I Will:

Assure that you see all the properties in the area that meet your criteria.
Guide you through the entire home buying process, from finding homes to look at, to getting the best financing.
Make sure you don't pay too much for your new home and help you avoid costly mistakes.
Answer all of your questions about the local market area, including schools, neighborhoods, the local economy, and more.

Before You Start Looking For Your New Home:


Buying a home is a very exciting time, no matter if it is your very 1st home or your 2nd, 3rd, investment, or vacation home. Choosing a highly respected "qualified" and "experienced" REALTORĀ® is your first, and a very important step to ensuring that your new purchase will meet all of your needs.

1. Choose a REALTORĀ® that you trust and who understands and listens to your needs.

2. Check your credit rating, my mortgage referral will help you with this. Straighten out any errors before you begin.

3. Determine a comfortable monthly budget for your new home, include all expenses not just the mortgage payment.

4. Find a loan program that meets or exceeds your needs, YOU must be pre-qualified before you start looking.
5. Determine what neighborhood best matches your needs.
6. Identify important features you need your new home to have.

Closing Costs to Expect:

Lender fees include charges for loan processing, underwriting, preparation and establishing an escrow account.
Third-party fees include title and escrow fees, charges for homeowners insurance, Home Inspections etc.
Government fees include deed recording and state & local property taxes. 
Escrow and interest fees include homeowner's insurance, loan interest, real estate taxes, and occasionally private mortgage insurance
 
SELLING 


Are you thinking about selling? Best to consider these factors and avoid the following traps. 


1. Profit has been maximised: When a property has reached maximum value, there is little value in holding onto it for longer. Therefore this is generally considered the optimum time to sell.

2. Property has not performed: Having cash or equity tied up in an investment that has not performed (over a reasonable time period) can prevent an investor from reaching their financial goals.

3. Better opportunity elsewhere: Investors should know how each of their properties are performing relative to a) others in their portfolio and b) those in the market place. If another opportunity presents itself with greater investment prospects then it should be considered.
 4. Depreciation has been maximised: Depreciation on a property lasts for up to 40 years from the time of construction. Over time the value of depreciation recedes. This could weaken a property's cash-flow position to the degree that it becomes better to sell.
While a forced exit can cause investors to panic and make easily avoidable mistakes, there are a number of traps that any investor wanting to exit a property needs to be aware of, according to experts.

These include:

-Selling too soon - before the market has started moving. This can impact on capital gains and, thus, the profit made.

-Holding for too long until demand has dropped off and the market is going down. This can prolong the sales process and result in a lower price.

-Selling to buy in a rising market, but then sitting on the sidelines. If an investor sells in this scenario, they shouldn't then neglect to buy a property as intended.

-Forgetting to factor in selling costs (eg: agent commissions, legal costs and the like).

-Cross-collateral implications with lenders: Selling might trigger the need for valuations on other properties in a portfolio. This, in turn, could impact on the value of the portfolio.