Why Las Vegas' Buyer's Market Is So Good!

Of course you have heard the news on today's housing market, who hasn't. It's a buyer's market pure and simple. If you are still considering buying, now IS the best time to buy!

There are five conditions that have come together in the Las Vegas market that makes this the perfect time to buy!

1. Home prices are below market!
2. Interest rates are presently holding steady around their 2 year average!
3. Lenders are cutting mortgage fees!
4. Sellers are paying most if not all of the buyer's closing costs!
5. 100% financing is still available for those who qualify!

Ok, you read in today's paper that prices are falling.  Sure, they are falling a bit.  But, on a $300,000 home, a 1 point rise in interest rates, wipes out approximately a $30,000 price decrease of the home.  Ask yourself, which number is likely to change the most.  The factors that influence interest rates are far more volatile than the factors affecting the housing market.  Can you AFFORD to wait?

The combination of all of these factors can work together to help you get into the perfect home at a price you can afford and, your funds needed to close can be reduced to near zero in many cases.

As quickly as Las Vegas became a strong buyer's market, it could change just as quickly back in the seller's favor. So if you are waiting for the perfect time to buy your home, this IS it. Take advantage of these market forces that put you in the drivers seat.

Call or email Cindy or email Steve anytime to discuss your home buying needs. We can be reached toll free at 866-461-7211 or locally you can reach Cindy at 702-505-1264 or Steve at 702-461-7211.  To speak with an agent now, click the button at the bottom of the page.

If you have any questions about financing, qualifying and mortgage fee reductions, call Paul Hovivian at Republic Funding Mortgage to get the straight answers about saving money on your mortgage. Paul can be reached at 702-259-2400. Or email him at paul@republicfundingmortgage.com  Of Course, Paul also does re-financing at great rates.

We look forward to hearing from you and serving your real estate needs in Las Vegas.