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Real Estate
Encyclopedia

"Cash Offer"

A cash offer can typically be made on your property within 24 hours and cash offer deals can usually close within two weeks. Many people find them preferable because they require zero realtors, zero commissions, zero closing costs, and no repairs are needed to be made to the home.

"Commissions"

Commissions are the fees associated with having a real estate brokerage assist you in the purchase or sale of your home. The typical commissions for realtors in Las Vegas Nevada are between 5% - 6% but the exact amount will vary by brokerage.

"Comps"

Comps also known as comparison homes are homes similar to the one that an individual is looking at that help the individual accurately find a homes value. Should be similar in location, size, square footage, age and floor-plan if possible. Make Sure your Las Vegas home comps are in the same neighborhood.

"Market Value"

No homes value stays stagnant forever especially in a city that changes as fast as Las Vegas. In order to find a home's true value it's important to take into consideration everything from the comps to the current overall market trends in the area.

"Realtor"

A state-licensed individual whose expertise and training is targeted towards the buying and selling of homes. When seeking one out it is best to find a local one who is experienced in helping people with similar situations to yours. Make sure your Las Vegas realtor has a Nevada real estate license.