Becoming a first-time home buyer is easier said than done in a lot of markets across the country, but what about Las Vegas? There is good news if you are looking to buy a home in Southern Nevada. Zillow recently announced the Ten Best Metros for First-Time Home Buyers, and Las Vegas was ranked second!
The research was based on four key metrics…a lower median home value which results in smaller down payments, a strong home value appreciation forecast which helps buyers grow their overall wealth, a high “inventory-to-household” ratio indicating available supply, and a high share of listings with price reductions. These key metrics make Las Vegas the second best place in the country for first-time home buyers. If you are looking to purchase your first home or know someone who is, here are ten tips to help prepare you for the process!
10 First-Time Home Buying Tips
Buying a home is one of the largest investments a person will make in their lifetime. While the process may seem daunting, a Coldwell Banker Premier Realty Sales Professional has all of the tools and knowledge to make the process as seamless a possible.