When you are searching for the perfect home, be realistic with the market. Don't fool yourself, it will only lead to disappointment. If you are serious about purchasing in the Las Vegas or Henderson real estate market currently, don't expect to find a 2,500 sq. ft. home with 4 bedrooms for $150,000 unless you are willing to go near downtown or the northeast area of the city. In most areas of the Las Vegas Valley, home prices are nearing $100 per square foot. Even higher if you are looking in Summerlin.
With interest rates still remaining very low, most people don't realize they can raise the purchase price while still remaining well within their budget as far as the monthly payment goes. If you are searching for the perfect home and you know what to look for to stay within your budget, the buying process will be much easier and you will be happier. I stongly recommend speaking with a loan officer to see what you qualify for and get an understanding of what your payment will be before looking at that first house.
Click here to begin searching for the perfect home or I can also put you in contact with a licensed mortgage professional.
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