Selling a home in Nevada

Nevada got its name from the Spanish word which means “snowy.” The state, nicknamed “The Silver State,” is world-renowned for its gaming industry with the presence of numerous casinos in a lot of areas. Based on the 2005 census, Nevada has a population of more than 2.4 million. It is considered the fastest growing state in the entire U.S.

Selling a home in Nevada is not such a complex process. There are only a few vital things that you need to do to ensure a successful sale. The first thing that you should do is to come up with the best appearance for your home. More than just organizing and fixing your place, try to visit other houses up for sale in your neighborhood which are of the same type as yours. Make a comparison of your home to old and new houses in your price range. Create a feeling of admiration among potential buyers when they walk into your home for a visit.

Pricing your home at a fair market value is very important. If possible, set your selling price a little lower than your competitors. That’s the best way to sell your home in just a short period of time. It’s better that way than having your home stay on the market for months because of a higher price.

Offering incentives to prospective buyers is also a big plus. These could include paying for the closing costs, giving away some furniture and fixtures or even vacations and shopping sprees. Do check with your loan officer to determine how to provide these incentives. If not, you and your buyer can make a separate agreement outside of the contract for this purpose.

Real Estate Forms

Home sellers in Nevada are required to submit a disclosure document. This rule specifically applies to owners of home or improved lot adjacent to open range. The document discloses information concerning grazing of livestock on the open range and shall be provided to the buyer before he or she signs the sales agreement. The seller should also obtain a copy of the signed document bearing the date of receipt by the buyer.

Some sellers may be required to give to a potential buyer notice of rates for water and sewerage services by a public utility that serves more than 25 customers and presently serves less than 2,000 customers. The notice, to be placed on the property, should specify the current rates to be charged for water and sewerage services or the projected rates to be charged. The name, address and telephone number of the public utility and the Division of Consumer Complaint Resolution of the Public Utilities Commission of Nevada should also be listed in the document.

Disclosures pertaining to zoning classifications, designations in master plan concerning land use and general land uses are also called for. Sellers in a county with 400,000 or more population may also be asked to disclose information on gaming enterprise districts.

A property disclosure form should also be provided by the seller to his buyer at least ten days before the sale. The form specifies the condition of the property including its defects.

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