Our market is always evolving. We are currently in a sellers market, as inventory of resale homes is lower than demand to purchase. In addition, there are supply challenges with new construction. As of Summer 2021, 55% of all buyers are relocating into the Las Vegas market, while the remaining are local. Each zip code and neighborhood has different statistics, and I am more than happy to provide you with a market report for your area, should you be curious! Just contact me for more info.

A pre-approval shows to a seller that you’re a serious buyer and it puts you in the best position to negotiate! In our current market, the majority of sellers will not take your offer seriously if you have not gone through the pre-approval process with a lender. There is a big difference between being pre-approved and pre-qualified. Pre-approval means that your assets and credit have been verified with proof, in addition to some other parameters. Depending on your unique situation, I also ask that my lender partner gets you fully-underwritten, which gives you the highest possible negotiating power and helps to shorten the closing process. This can give you a leg up when submitting an offer, as it can eliminate the financing contingency in most situations!

Purchasing a home is a big financial decision. You never want to put yourself in a situation where you’ve purchased a home that needs excessive costly repairs so much so that you end up in a negative equity position. You want to ensure that your biggest financial purchase is a solid asset! There is always an inspection period when under contract, so I always advise my clients to fake full advantage of that time period to ensure their purchase is solid; otherwise, we can move onto the next home should any red flags arise. I have some great home inspectors that I recommend for both resale and new construction pre-drywall!

This all depends on your specific financial situation and your overall goals. The best first step is to meet with a qualified lender who can give you advice on monthly payments and various loan programs! I have some excellent partner lenders I can refer you to if you are interested in starting the process! Some things that they will take into consideration are your debt-to-income ratio, your overall income, and credit score.

This is definitely a loaded question, but one that many people seem to ask. There are always ups and downs in the market, but the circumstances surrounding the 2008 housing crash are vastly different. The market is supported by strong demand from buyers who have been vetted through extensive mortgage loan processes or have cash on hand to make the purchase. Supply of houses is lower than demand, which in and of itself drives market prices upward. Long story short, the current state of the market should not be your indicator of whether or not now is the right time to buy a home! You unique situation will determine if it is the right time for you! For example, is your inco me stable? Have you been working on your credit score? Do you have money saved up for closing costs and down payment? Is your debt under control? Do your life circumstances require you to purchase a home? If these things apply to you, then you are ready to purchase a home, regardless of the state of the market. Reach out to me today and let’s discuss your homebuying goals to see if purchasing a home is right for you!