First Time Home Buyers
Tips for First-time Home Buyers
It's not uncommon for a first-time Las Vegas homebuyer to say to me , "Lisa - it seems like last week I submitted a request over your website about buying a home and now I'm in escrow! How did this happen so fast?"
Frankly, the answer is it didn't. Most first-time homebuyers start their search long before most even realize it. Because buying your first home is a path you have never traveled, it is recommended you use this article like your roadmap to first-time home buying.
Here's what you can expect from your home shopping experience:
Realize The Benefits To Home Ownership
So – should you continue to rent or evaluate if it’s time to buy a home? More than likely that's what you've been hearing from friends and family, right? If you have performed your homework and think you can qualify to buy a home (not sure – I can help here), the benefits to buying and owning your own Las Vegas home are considerable. Not counting the obvious tax benefits, there are emotional and financial benefits to participating in the American Dream!
You can build equity and realize property *appreciation (*depending on market conditions)
Protection from annual rent hikes
Security and independence
Freedom to do with your property as you please – improve it – personalize it! (All within reason and your community covenants!)
Ability to borrow against the value of your property
Know When To Buy - Now!
Interest rates are very attractive. Home inventories are in a buyer’s favor, which means you have many homes to choose from. Vegas is experiencing tremendous growth! Employment is strong and the economy is favorable. Historically, the period leading up to a national election has proven to provide a strong housing market.
Define Your Search Parameters
Almost 75% of all home searches today begin on the Internet. With just a few clicks of the mouse, homebuyers have the ability to search through hundreds of online listings, view virtual tours, and sort through dozens of photographs and aerial maps of neighborhoods and homes. Knowing what you can afford, you should define your goals and prioritize your needs and wants. Is your home search based on living near your office or a lifestyle opportunity (golf-mountain biking)? Would you buy an existing home or do you want a new home?
Select a Realtor Partner – Lundt & Karpf - Your Las Vegas Home Specialist Team!
Because this just might be the single-largest investment you may make, it is important you be guided step-by-step through the buying process. You should make sure you have access to expert advice and experience about financing, contracts, negotiating, and market value. Our proven track record of success is well documented by the fact that 90% of our business is obtained by referrals from satisfied clients. You can rest assured that we will help you achieve your real estate goals while saving you time and money, but don't simply take our word for it. I encourage you to request personal and professional references. And best of all, our services cost you nothing since the seller pays buyer agent commissions!
Are you ready to start your home search now? If so, contact us today for your first-time homebuying consultation and needs analysis.