First time Home Buyers in Las Vegas, Nevada, Advantages of Buying vs Renting

Are you young, smart and savvy? Were you born in the 1980"s through the early 1990's? If so, you fall into the category known as Generation Y. Your generation is sometimes referred to as the Millennial or Echo Boom generation. This may be the perfect time for you to become a first time home buyer in Las Vegas, Nevada. With numbers just shy of the Baby Boom generation, you are a large force in American society. Many of you are out on your own, building careers and looking toward the future. There are currently significant advantages to buying vs renting in Las Vegas, Nevada. Technology savvy, concerned about balance between work and home, you are a generation with ambition and high standards. This is a perfect time for you to take advantage of theLas Vegas, Nevada real estate maket. You are out on your own and renting apartments, homes or condos here in the Las Vegas Valley. Either living alone or sharing with roommate(s) to cut costs, you may be missing an excellent opportunity to take advantage of a lower priced market and low interest rates. Financial considerations may make this a great time for you to become a home buyer in Las Vegas, Nevada.

One of our REALTORS®, Carol Dickens, CDPE, SFR has worked extensively with young, smart and savvy clients in their 20's and believes that the current real estate environment is a perfect opportunity for them to become homeowners here in "fabulous" Las Vegas. I spoke with Carol about a few of her experiences with Generation Y home buyers. You might see yourself in one of these examples or if you're my age, you might just see one of your kids.

One of Carol's clients was a young professional man who had rented a three bedroom, 2 bathroom home in Las Vegas for $1200 per month. He had two roommates living with him and each contributed $400 per month. He decided to look for a three bedroom, 2 bathroom home to buy in the same neighborhood in which he was renting. Carol recalls how impressed she was that he had done all of his homework, researching exactly what he wanted and how much he wanted to spend. After looking at many homes, he found the one story home in the Las Vegas area that he wanted. Check out Las Vegas, Nevada homes from $100,000 to $200,000.

He found a home and his total monthly payment including, mortgage, taxes and insurance came to $700.00 month
He kept his two roommates who continued to pay $400.00 per month
Carol's client was now living rent free and had the tax advantages of owning a home in Las Vegas

Benefits of buying vs renting in Las Vegas, Nevada - a win win for everyone. Las Vegas homes for sale $200,000 to $300,000. Las Vegas homes for sale $300,000 to $500,000.

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