Understanding the Escrow Process
Whether you're buying a condo for sale in Las Vegas, browsing houses for sale with a pool, or listing your home in Summerlin, Henderson, or North Las Vegas, understanding the escrow process is a must. Escrow protects both buyers and sellers by making sure all contract conditions are met before ownership changes hands.
At Keller Williams Realty Las Vegas, especially when working with the Stratton Ives Group, we walk you through every step with confidence. Whether you’re looking for new homes for sale in Vegas, townhomes for sale in Las Vegas, or working with one of the top real estate agents in Las Vegas, NV, this guide is your complete roadmap to a smooth and successful transaction.
Step 1: Earnest Money is Deposited with the Title Company
After your offer is accepted, the buyer submits earnest money—a good faith deposit—to a neutral title company. Whether you’re purchasing a Las Vegas home for sale with a pool or a luxury condo near the Strip, this secures the contract.
Step 2: 10–14 Day Inspection Period
Buyers typically have 10–14 days to inspect the property. From new construction homes with pools to resale condos for sale in Las Vegas, this phase helps uncover issues like plumbing, HVAC, or roofing problems.
Step 3: Buyer’s Repair Requests
If the inspection reveals issues, the buyer can request repairs or ask for credits. A top real estate agent in Las Vegas will help you negotiate strategically—especially on big-ticket items.
Step 4: Seller’s Response & Buyer’s Election
The seller can agree to all, some, or none of the buyer’s repair requests. The buyer then chooses to proceed, renegotiate, or cancel. The top residential real estate agents in Las Vegas NV will ensure both parties are well-represented and protected.
Step 5: Appraisal Ordered by Lender
When financing is involved, lenders order an appraisal to confirm the market value of the home. This is critical in Las Vegas, where prices for homes for sale with pool near me or new homes with pools for sale vary significantly by neighborhood.
Step 6: Final Loan Approval
Once the appraisal and final documentation are complete, the buyer’s mortgage is approved. Avoid making major purchases or financial changes at this stage.
Step 7: Final Walkthrough & Signing
The buyer completes a final walkthrough to confirm the home’s condition and verify that repairs are finished. Whether it's a house for sale near me in Summerlin or a Las Vegas condo for sale, this is your last opportunity before signing.
Step 8: Close of Escrow
This is the big moment: funds are released, documents are signed, and the home officially changes hands. If you're working with a top agent at Keller Williams Realty Las Vegas, you’ll have all the support you need to make it official.
You just bought (or sold) a home in Las Vegas, Nevada!
Why Work With the Stratton Ives Group at Keller Williams Realty Las Vegas?
We don’t just help you close—we help you win. Whether you’re searching for homes for sale with pool near me, townhomes for sale Las Vegas, or investing in new construction homes in Vegas, the Stratton Ives Group, an A+ rated Better Business Bureau company, brings experience, integrity, and local market knowledge to every deal.
We proudly serve the Las Vegas Valley as part of Keller Williams Realty Las Vegas, helping clients find their dream home, condo, or investment property. Our team includes some of the top real estate agents in Las Vegas, known for helping buyers, sellers, and investors succeed.
