Housing has been on a roller coaster these last few years in Las Vegas but at last the market is bottoming out and housing prices are the most affordable in years.  This makes it a great time to buy, especially for first time homebuyers who can apply the $8,000 to their purchase to effectively lower the cost.  Young couples buying their first home, singles who want a condo, and families who have been renting all their life have a government-sponsored incentive to sign on the dotted line and become homeowners.

In the midst of all this, it's easy to forget that the definition of "first time homebuyer" is much broader than the term implies.  If you have not owned a home for THREE years, you can qualify for 10% credit on your home up to a maximum of $8,000 if you are creditworthy and not exceed income limits of $75,000 to $95,000 for singles and $150,000 to $170,000 for couples.  In certain cases, you can even apply it toward the downpayment.

Who might be interested in this?

Maybe you who took early retirement few years ago and moved to an apartment but want to be owners again.  With the incentive, you could find a nice little house in a planned community like Green Valley.

Maybe you moved to a Los Vegas a few years back, and with the housing market being in an uproar, you keep renting.  Now is the time to realize the American dream by settling down in an affordable home in the city or in a nearby area like Henderson.

Maybe personal circumstances caused you sell your home and move home for a while.  You lost your job, got divorced, became ill, or wanted to care for a parent.  Whatever the circumstances, it's been three years and time is ripe for buying that condo you've always wanted.

Regardless of why you ceased being a homeowner here or more years ago, Yonas Woldu can help you achieve ownership again in you an affordable house in Las Vegas, Green Valley, or other areas of Clark County . Thinking of buying a bank owned home?  Yonas can tell you how you can maximize your options by using the credit in conjunction with a 203K renovation loan. Visit Vegas Real Property website and the new AskYonas website.  Time is running out on the $8,000 new homebuyer tax credit, so call Yonas today to assure that your loan will close in time.