Buying a home in Las Vegas is a relatively simple process. It does not matter if you are a US citizen or whether you live in the US or not. I illustrated the steps below with explanations below for each image.
1) Based on the description you provide I select matching homes and send them to you. Using software I created, I generate a personal website containing information on the homes. Here is an example. Working together we can select a set of homes that closely meet your needs before you come to Las Vegas. Note that you will want to arrange financing before you come; it can take. If you are planning to purchase the property with cash, bring a copy of a bank register showing the funds. It does not matter if the funds are in Yen, Pounds, Euros or Dollars.
2) Once you arrive I will pick you up at your hotel and we will visit the properties. Once you actually see the homes you may change your goals. This is normal. Most people need about three full days to find the right home.
3) Once you find homes you like we will write a purchase contract. The contracts are standardized in Las Vegas. The elements of an offer include the purchase contract, a copy of a check for an agreed upon deposit (called earnest money), proof of funds (if you are buying with cash) or a loan pre-approval letter from a Nevada licensed lender. No funds are deposited at this point, I only need a copy of the check. The currency of the check does not matter as long as it is approximately equal to the earnest money in US dollars. See this page for details on the purchase contract and a copy of the document.
4) The start of the actual purchase process is called "opening escrow." There are no lawyers involved in the purchase of a home in Las Vegas. The transaction is managed by an independent third party called a title company. The title company does not work for the seller or the buyer, they are neutral. You do not need to be in Las Vegas to make an offer or to purchase a property. The documents are sent to you and you sign and return them. The elements to open escrow include the executed purchase contract and your earnest money. Typically you wire the funds to the title company.
5) The time between opening escrow and signing the fully prepared purchase documents is typically 10 to 30 days depending on whether it is a cash purchase or a financed purchase. The title company is the agency that prepares the documents for signature as well as guaranteeing you have a clear title.
6) Once the final documents are signed it takes between 1 and 3 business days after wired funds are received and the deed is recorded. Once the deed is recorded you own the home and I will pick up the keys and deliver them to you.
Contact me if you are considering buying or selling Las Vegas real estate. You will be glad you did.
...Eric
Eric Fernwood
RE/MAX CENTRAL
8400 W. Sahara Ave
Las Vegas NV 89117
Email: EricFernwood@gmail.com
Website: www.EricFernwood.com
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Cell: 702-358-8884
Fax: 702-202-2020
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