Many people believe that housing within the Las Vegas real estate market is out of reach for many buyers. Lending restrictions, recent value increases, etc. have certainly made it more difficult for some. However, there are great options for many. Foreclosures and fixer-uppers work for some. For many, condos, town homes, and well designed single family properties are very suitable.
The key to buying and owning affordable housing is to find a team who can locate the properties. Understanding your needs is important. Understanding your lifestyle and situation makes a big difference. There are many options and all you need to do is get started with the right professionals.
Getting Qualified
Regardless of the price of the home, most people will be acquiring a loan to own their home. There are several steps everyone must take. Find a lender (your agent can help) who understands you goals and needs and will help you with your loan. Save as much money as possible. Keep your credit in order. Keep your bank statements and documents. If you take care of business you will be able to afford something that suits your needs.
The Process
Buyers of all sorts must go through a similar process. The steps are typically the same, the emotion is the same, and the outcome can be the same. Generally, the more money you are able to put down and the better your credit is the better off your situation will be and the easier it will be to secure your home. Let your agent help you get going.
