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Limestone Investments, LLC

Frequently Asked Questions - Buyer Scouting

FAQs - Buyer Scouting
Why should we go scouting before hunting?
The majority of buyers who come to Vegas are so misinformed that we have to completely break down their thinking before hunting. For example, many buyers initially believe they can get a house in Summerlin for $50k. Or they think they can get a $100k house an excellent neighborhood with a pool for only $70k. By the time they get here, conditions have changed so much that they rethink their strategy. Scouting is a broad search of categories to confirm what kind of home or what area you want to live in.
Where are the good neighborhoods?
Even if we could legally answer that question, the answer is too complex. First of all, Las Vegas has a checkerboard of neighborhood quality. For example, you can find million dollar homes across the street from a bario. Second, crime in Las Vegas isn't restricted to bad neighborhoods. There are more murders in Summerlin than on the strip. There isn't a neighborhood in Las Vegas that is immune to crime. If crime is an issue for you, go here and do your own research before we go scouting.
What is the best neighborhood for me?
The one you can afford. The worst thing you can do is buy a house that gets you leveraged to your neck. The best use of your scouting would be to pick a price and then see how that price compares across different neighborhoods of Las Vegas. Scouting means exploring, getting away from the herd and seeing opportunities.
Can I make offers on properties that we see?
Not unless you brought "proof of funds." Without proof of funds you cannot make an offer as listing agents will throw your offer in the garbage unless you can prove that you can purchase the property.
How can I prepare for scouting?
1. Confirm availability before making flight arrangements. We book weeks in advance and we are slammed. 2. Bring proof of funds. You do not have to give it to us. HOWEVER, it's good to have in your back pocket just in case you see something you like. How often to you go to Walmart without your wallet? 3. Wear comfortable shoes and clothing. Scouting & hunting is hard work. 4. Get plenty of rest. We start at 0700 hrs in the summer. 5. Bring your laptop / ipad so you can do some homework and review results of your tours.