While buying a home in Las Vegas can be affordable, there’s nothing worse than standing inside the house of your dreams only to find out that you can’t afford it. Figuring out your budget ahead of time will help you avoid uttering those painful words “We can’t take it.”
While purchasing a home can be stressful, selling a home can be an even more daunting task. As the seller you are responsible for identifying any issues with the home, pricing it properly, staging, marketing, and more. The ball is in your court. As a first time home seller, it can be difficult to know what to do for a painless and speedy sale.
How much money do you need to buy a house? As a first-time home buyer, it’s essential that you understand all of your options in order to maximize funds for a down payment. You don’t want to overpay, but you should make sure you have enough of a down payment for a manageable mortgage.
As the Las Vegas housing market picks up steam a wide range of new developments being planned or under construction. Due to supply and demand, these new homes these are selling fast.
If you are thinking of buying a new construction home, you’ll face a different set of challenges, outside of buying a newly built home in a fast moving market, than when buying a resale.
The housing crisis took an enormous toll on millennial homebuyers and long-time homeowners alike, especially here in Las Vegas.
Millions of people who had spent years building careers or who were just starting out in life lost their homes due to pay cuts, job losses or other financial disasters. In the wake of that, there is an overwhelming number of people hoping to get back into homeownership, but buying after bankruptcy can be tough.
Given the endless stream of highs, lows, and financial woes that can come with home ownership, what are some ways you can better protect yourself from the various pain points of buying a home for the first time?
Choosing the right listing price is one the most difficult choices you’ll have to make when selling your home. There are no specific rules or formulas to determine if your home price is too high or too low. However, you can still get a good idea of what your home is worth before deciding on a price.
Las Vegas has a reputation that preceeds it, so while you might have gotten struck by the idea to relocate to Vegas, you might be a little hesitant about what else the city offers other than bright lights and slot machines. There’s more to this fair city than you realize, which is why we’ve made this list to give it its due.
When buying a house, unfortunately you can’t just hand over a wad of cash to the owners and finish the deal.
In reality, you’ll have to ask a mortgage lender for a credit rate. Currently, the median value of a Las Vegas home is about $216,000, which equates to about $138 per square foot. The median listed price is about $264,900, or if you’re looking to rent, the average price is $1,350.
Depending on the savings you’ve accumulated, you might not need as much of a boost, but still—the better your credit score, the better your interest rate and the less stress you’ll experience when purchasing a home.
If you’ve recently gone through a bankruptcy, you may believe that buying a home is no longer an option. While it will take awhile to raise your credit and get your affairs in order, homeownership is a very real possibility for you. The first step is understanding your bankruptcy. Read More