Purchacing a Home in Nevada-FAQ's
Helping Buyers Maximize Your Home Purchase
Buying a home can be the single most important financial investment most people make. The decision to buy a home is both an emotional and an economic one! If you’re relocating to the greater Las Vegas/ Henderson area from out of town, the choices can be overwhelming – what type of home to buy, what neighborhood to chose, how much to spent and the list goes on and on. Having someone who is a local real estate expert help you make wiser choices really is important.
Below is a sample of frequently asked home purchasing questions I have received from past clients.
Q. Lisa, I’m a single dad moving from California and my son and I love to ride our mountain bikes together. Are there trails located near neighborhoods where we can get out and ride?
A. In the greater Henderson – Las Vega area, recreational opportunities abound. In fact – you’re in luck! This area is the birthplace of mountain biking! If you’re looking for great Henderson/Vegas biking trails, the Green Valley Railroad Tracks in Henderson is very convenient to numerous neighborhoods and offers a challenging ride for beginners. It doesn’t offer the views or challenge of the Cottonwood Canyon Trail just off Interstate 15 west of Las Vegas, but it is much more convenient and located near many outstanding neighborhoods. Tip: Always stay well hydrated when riding!
Q. Recently I accepted a position with International Game Technology (ITG) and it requires I relocate to Vegas. Moving from the east coast, I’m concerned about the tax implications of living in the state of Nevada. Does Nevada have a state income tax?
A. I have great news for you; we have no state income tax in Nevada. Because you deserve all the facts, our state sales tax is 7.0% and depending on the county you reside in, that rate could be as high as 7.75%. If you’re retired military, your military retirement income is exempt from state withholding tax (exceptions apply). For more information on the tax implications of living in Nevada, contact me and I will direct you to a tax expert who will provide specific details related to your personal financial situation.
Q. Lisa, my wife and I are retired baby boomers and we love visiting Vegas. In fact - we love coming to gamble in Vegas so much; we are considering a second home purchase there. Can you recommend any “age-restricted” golf communities where we can buy a second home?
A. Can you say JACKPOT! Las Vegas (and the Henderson area) is unlike any other city in the world. This area offers outstanding choices for retirement living and second home purchase opportunities. For age-restricted living with resort-style amenities (including 2 championship caliber golf courses), one area you should consider for your second home purchase is Sun City Anthem. Luxury homes, custom estate homes and condos are available priced from around $250,000 to $1.5 million.
If you have a question about buying a home in the Las Vegas/Henderson area, send me a quick email and I’ll answer your real estate question to your complete satisfaction.