Houses For Sale in Las Vegas
For the first time in more than a decade, Las Vegas houses for sale are priced below replacement cost. This represents a great opportunity for you, the first time home buyer, to buy your first home.
With low down payment requirements, and home prices that have fallen dramatically, if you are looking for houses for sale Las Vegas represents a great opportunity to buy your first home.
How to Find a House for Sale in Las Vegas
There are several sites that make researching the real estate market simple. They are HomeGain, Foreclosure.com and RealtyTrac.com.
All three sites specialize in tracking foreclosure homes available in your neighborhood, and make it simple to find the right house for you.
If you want to buy a house for sale in Las Vegas, you should get a real estate agent because foreclosures and short sales make up roughly 75% of Las Vegas houses for sale, and those require a buyer to have an agent.
Find a Real Estate Agent
There are several different ways to find a real estate agent, but one company in particular focuses on making it easy to find their agents online is Zip Realty.
Zip Realty makes it simple – you go to their home page, click on the tab to find a Realtor, and enter a zip code. Agents who work in that zip code will be shown, and you can choose which agent you would like additional information on. What could be easier- check ziprealty.com out!
Las Vegas Houses For Sale
Houses for sale in Las Vegas fall in to one of four categories: foreclosures, short sales, resales, and new homes.
Foreclosures are Las Vegas houses for sale that the bank has taken back from the previous owner because they did not make their payments.
Short sales are houses in Las Vegas that are for sale for less than what is owed to the bank, commonly referred to as being upside down.
Re-sales are homes for sale that are worth at least as much as is owed on the mortgage.
Because of the availability of so many bargains, first time home buyers such as yourself are entering the market in mass quantities.
According to the Las Vegas Sun recently “Federal Housing Authority loans, a popular form of financing with first-time buyers, accounted for 50 percent of all home purchases.”
For additional information on how to find a Realtor please check out our first time home buyer guide 7 Steps to Buying a House for the First Time Home Buyer.