Most common questions we get in Las Vegas Real Estate.
Real estate closing costs for a seller can vary, but typically include:
- Commission to the real estate agent (usually split between the listing and buyer’s agents)
- Transfer taxes and recording fees: Transfer tax in Clark County (which includes all of Las Vegas, North Las Vegas, Henderson and Boulder City) is $5.10 per $1000.00
- Title insurance policy
- Escrow fees (split between buyer and seller)
- Home warranty for the buyer
- Repairs required by the buyer or mandated by the contract
- Any outstanding property taxes or HOA fees
The exact costs will vary depending on a number of factors, including the location of the property (transfer tax in Clark County where Las Vegas and Henderson are located is different than Washoe County where Reno is located in Nevada) and the price at which it is sold. It’s important for sellers to review the Net sheet the listing agent will provide you and terms of your sales contract and work with an experienced real estate agent to understand all of the costs associated with selling a home.
The phrase “as is” does not mean that a buyer waives inspections or contingency rights, nor does the buyer have to buy the property regardless of what they find during inspections. The phrase “as is” means that the property’s general condition is already included in the purchase price of the home, and the seller will not address the inspection issues of the house. Summed up “as is,” the home is sold in as in condition. The buyer still reserves the right to an inspection for informational purposes only. The seller is not obligated to honor the inspection report or the repair request. The inspection is performed solely for informational purposes only for the buyer