Ten Great Reasons to Buy a Las Vegas Home Now

Turn on the TV, flip through a magazine, listen to the radio – the media here in Las Vegas (and around the country) is telling you that there's no reason to even think about buying a home. True, there may be a lot of reasons to pass on home ownership right now. But there are still a great many reasons to buy a home. Consider these points:

1. Great deals are out there right now. The Las Vegas housing market is a buyer's market. The expiration of federal tax credits for home purchases has helped to bring prices way down; clearing a path for sincere buyers like you.

1. Mortgages are cheap. You can get a 30-year loan in Las Vegas for 4.2%; mortgage loan rates are lower than they've ever been.

1. Save on your taxes. Both the mortgage interest and the real estate taxes paid on your home are deductible from your income taxes. Remember, you'll only get the income tax break if you itemize your deductions; you may be better off taking the standard deduction instead. Talk with your mortgage lender; they can help you determine which is the better route for you to take.

1. This is YOUR home – YOU own it. Move a wall. Add a bedroom. Paint everything bright red. If you're renting, it's unlikely that you can do any of these things. Leave the landlord out of the loop; own the property, and do whatever wonderful things you choose to reflect your personality.

1. You'll have a better place to call “home.” It can be tough to find a good rental. If you want the best home in the best neighborhood, you're better off buying. You'll also be able to choose for other specific variables, like kid-friendliness, great schools, parks, etc.

1. Home ownership can offer a measure of inflation protection. Studies suggest that over time, housing tends to beat inflation by a couple of percentage points a year. This may not be much, but it can add up if you're raising a family and looking at the next 30 years.

1. Home ownership can provide risk capital. When the economy turns around, real estate prices will go back up. Equity in a home is one way of linking part of your portfolio to the long-term growth of the economy.

1. Owning a home is a form of forced savings. While it's talked about constantly, saving money isn't a big part of most individual Americans' lifestyle. Think about this: the part of your mortgage payment that goes to principal repayment isn't a cost. You're paying yourself by building equity, and thereby forcing yourself to save.

1. There are a LOT of homes from which to choose. According to the National Association of Realtors, the current inventory of available homes nationwide is around four million. You've got great choices, and great prices, and they're only getting better.

1. The housing market will eventually clear up. Many available homes will be bought, but many more will be destroyed by either inaction or by the banks' choices. Buying your dream home right now is your best plan.

There's never been a better time to find and own a home. I am Yonas Woldu, and I can help you find your perfect home in a terrific Las Vegas neighborhood – or anywhere in Clark County. For the personalized attention you want with selling or buying property in Las Vegas, Green Valley, or other areas of Clark County, contact me today. And be sure to visit my Vegas Real Property website – I'm ready to help you become find a unique Las Vegas community to call “home” today!