Stop Paying Rent And Own In Las Vegas

Real Estate Agent with Century 21 Aadvantage Gold, 702-719-2100

Fixing a home

Stop Paying Rent And Own In Las Vegas

Stop Paying Rent And own


Do you know you are paying someone else's mortgage when you are paying rent?  Paying rent is throwing money down the drain.  I know buying a home can be a stressful almost like a roller coaster of emotions.... finding the right place, getting the loan, moving in.  The purchase of a home for the majority of us is the single most largest investment .  Sometimes, the emotions in this large purchase can cloud good judgment.


Many home buyers dive in and do very little research before they buy and invest their hard earned cash.  Before you do that it's best to be informed as you can.  That's what this is report is about.  It's about helping you to avoid common mistakes most buyers make.  If you follow these suggestions with the help of the right Realtor, you will stop paying rent and make the right decision that you will be happy and proud of for a long time to come. 

Inspect Everything

Have a professional inspection done by a licensed home inspector.  Go over the inspection report with a fine tooth comb.  A lot of bank owned homes andd short sale are being sold as is.  That means the Buyer Beware tag is on the house.  For purchases with HOAs and condo purchases where there are bilaws, read them very carefully and pay attention to the fees that are associated with living in a community that has an association.  Inspect everything.

Imagine the home with your furnishings in it

Don't let beautiful furnishings sell you, they leave with the owner.  Imagine what it would be like if you lived there.  Many homes are staged, like a model home .  So they are just to entice you to buy.


Take into consideration your lifestyle

Sit down with a real estate professional and discuss such things aschildren, add ons, amenities that you want, Your dream home is worth it , but don't mortgage your lifestyle away.  In order to maintain your lifestyle there will be expenses.  Take these expenses into consideration when you figure out if you can afford the payment

View several properties


You should look at least 3-5 properties.  Even if you find a property in the first viewing, you should have something to compare it with.  When you find the right property all the work will be worth it.

Utilize your team

Real estate agents usually have a full team of professionals such as lenders, title reps, inspection teams,  Having a team makes the buying process simple and easy for you.

Be like a privatie nvestigator


Check out all your costs.  Get an estimate of closing costs, utilities, Make sure all your utilities are on for the inspection so you can investigate every nook and cranny of the home you are buying.

Do a final walkthrough

Once everything is moved out, do a final walkthrough of the property.  Sometimes things are overlooked in the initial inspection.  Now is the time to do a through inspection.  If you find something that you overlooked bring it up to your Realtor so it can be addressed before you close.


Be Flexible

Many things can happen that will prevent you from closing on the day you anticipated.  Be flexible and allow a couple days either way.


Put It in writing

All promises are to be in writing.  Don't make any assumptions or believe any assurances.  A handshake will not stand up in court.


Loyalty gets you loyalty

Be open, honest, and above board with your team .  Being disloyal can prevent you from getting into your home that you worked so hard to get.  Take the time to select the right team to begin with and you will have a simple, easy home purchase. 


My hope with this report is to help you avoid many of the problems associated with buying a home.  If there is anything I can help you with please don't hesitate to call me Pat Yoest at 702-521-1442.  Your initial consultation is always free, and you are under no obligation of any kind.  Perhaps we will sit down over a cup of coffee and discuss what it's going to take to achieve your goals.  Go ahead and pick up the phone and give me a call, I would love to hear from you.

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Comments (4)

Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

Nicely laid out list for buyers to go over.  I agree that it is good to see at least 5 homes, because it does make them feel much more confident about their choice.  Good post!

Feb 04, 2011 11:19 AM
Joetta Fort
The DiGiorgio Group - Arvada, CO
Independent Broker, Homes Denver to Boulder

I think a lot of renters just don't know how to get started, but your post is a great way to find out!

Feb 04, 2011 06:27 PM
Pat Yoest
Century 21 Aadvantage Gold, 702-719-2100 - Las Vegas, NV

Brenda- if they see 3-5 homes then they have something to compare their new home to.  Joetta-  I think if you can convince the buyers that it doesn't cost any more to own you can get them hooked.  Thanks for visiiiting my post.  All my best to you.

Feb 05, 2011 07:41 AM
Tom Waite
Thomas Waite Real Estate Broker - Cypress, CA
So Cal-Apartment Bldg Investments

Great blog about why to buy Vs Rent in Vegas.

Best of luck in 2011!


Feb 18, 2011 04:53 AM