Buying Vs Renting in Las Vegas

Trends in home prices, personal income and mortgage rates, combined with tax advanctages of home ownership, make th is an excellent time to turn the home of your dreams into a reality. If you're thinking of buyign a home, you've probably already asked yourself, "Can I afford to buy?" Another good question to ask is, "Can I afford to continue renting?" No matter what you're currently paying for rent, your total cash outlay over a period of several years will probably add up to a much bigger total than you may have realized. If you are paying $1,000 in monthly rent, over 10 years you would have paid $120,000. If you were to save the money that earned an 5% interest rate your money would've totaled $155,282 in 10 years, subsequently $411,034 in 20 years, $832,259 in 30 years.

Take a good look at your personal financial situation in comparison to housing price trends and mortgage plans available in your community. You will probably discover that you are closer to home ownership than you realized. And that, in fact, this is the time you've been waiting for. Buying a home is probably one of the biggest investments you will ever make. When it's your first home, it is especially important that you seek qualified assistance. Your local real estate agent has the experience and expertise to help you find and purchase the home of your dreams. Contact me at 702-212-2288 on how to become a first time home owner!

Shall-Ching Lu

Keller Williams Realty

Your Pet's Choice for a Real Estate Professional