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Las Vegas 1st Time Home Buyers May Be Forced out of the Las Vegas Real Estate Market

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Real Estate Agent with HomeSmart Encore - Las Vegas S.65708

Las Vegas 1st Time Home Buyers May Be Forced out of the Las Vegas Real Estate Market

 

Rising interest rates combined with low inventory and rising home prices may get some Las Vegas 1st Time Home Buyers to get of the fence and Buy Now, while for others it may kill their ideas of buying a Las Vegas home.

 

The longer a buyer waits to buy a Las Vegas home, the more risk they are at having to pay more for a smaller home or maybe not get into the neighborhood they desire. Even small rate increases add up According to Realtor.com - On a $300,000 house with a 30-year fixed mortgage and 20% down payment, the difference between 4% and 5% is $142 a month. That's more than $51,000 during the life of the mortgage.

If you are serious about buying a home, please go to my website and click on the right top side to SIGN Up enter your information about what you want your search to be.

 

Ready to sell your Las Vegas home contact me.

 

Posted by

Dawn Barrier at HOMESMART ENCORE Las Vegas, Nevada

s.65708  

 

(702) 812-4550 

Las Vegas, Nevada   

 
 

 

 

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All information is provided for entertainment, informational purposes only and is Not legal advice, consult an attorney or financial expert for legal advice. This is general information and is not intended to provide advice on any specific question or transaction. Parties to any real estate transaction should seek competent legal and/or tax counsel to determine the legal, credit and tax consequences of buying or selling a home.  The opinions expressed here represent my own & not those of my employer.  Dawn Barrier will not be liable for any errors, ommissions, accuracy, validity, currentness, suitability, completeness or any losses, injuries or damages arising from its display or use. Listing your home for sale and attempting to do a Las Vegas Short Sale is a possible solution to avoiding foreclosure but not a guarantee that your lender won't foreclose or pursue other means of collecting the unpaid debt between what you owe and what the home may sell for.  Copyright © 2020-2008 Dawn Barrier. All Rights Reserved. Any Stats are per the Las Vegas area MLS or public records as of this writing or as noted.

 

Any Stats are on Resale Single Family homes only (unless otherwise noted) per the Las Vegas MLS & or public records as of this writing or as noted, covers the Las Vegas Valley, North Las Vegas, Henderson area or as noted.

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HOMESMART ENCORE Las Vegas Dawn Barrier

(702) 812-4550

s.65708

Comments(2)

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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Dawn Barrier | REALTOR Las Vegas Real Estate it's always a shame when 1st time home buyers are priced out of the market. We had that problem here when we experienced an oil boom. At that time the rest of the nation was in the dumpster financially and we had a lot of folks move here from Vegas and the rest of the country.

Mar 22, 2018 06:31 PM
Dawn Barrier Las Vegas Real Estate
HomeSmart Encore - Las Vegas - Las Vegas, NV
Homes in Las Vegas Nevada 702-812-4550

Here in Las Vegas it will really depends on the 1st time home buyers price point as someone looking under $250,000 will have a harder time than someone say in the $350,000 range.  Fortunately for many who are buying a 1st home, they make more money now as opposed to a few years ago so they have greater buying power.

Mar 22, 2018 06:54 PM