BUYING A HOME IN HENDERSON

Saving you Time & Money

Whether you’re a first time home buyer, moving up or down in size, changing neighborhoods, or investing in Henderson or Las Vegas real estate, we’ve got you covered! We are a full-service brokerage, and we are ready to adjust your home search to meet YOUR needs. We know that in order to help our clients, we must be able to listen to them and understand their tastes and their needs for their next home. We will guide you through the process and make it as simple as we possibly can. It is our goal to relieve the stress so you can enjoy finding and buying your next home in Henderson or Las Vegas!

Finance Plays a Huge Role

Finances are one of the biggest factors when buying a house in Henderson, which is no surprise. We have several lenders that we work with who have years of experience in the area. They will walk you through what you can and can’t do while you are purchasing a home or tell you how to get your finances in order so that you will be able to qualify for a loan. They will walk you through what type of mortgages you will want to consider or that you qualify for. Depending on your home buying situation you may be able to qualify for down payment assistance. They may also be able to help you save money as you may qualify for a better interest rate if you pay off certain debts, save a little extra for your down payment, and more. Paying off certain debts can temporarily hurt your credit score, so you will want to talk to a professional loan officer or lender first as you begin to organize your finances to be able to purchase a home in Henderson, Boulder City, or Las Vegas.

First Time Home Buyers

If you’re a first time home buyer, you may be overwhelmed with where to start the process of buying a home. The first thing you will want to do is contact an experienced real estate agent. Michael and Anna Klinger have worked with many first time home buyers and have been Henderson and Las Vegas real estate agents for 15 years. Anna and Michael Klinger will be able to walk you through what you need to do in order to buy a house and help you figure out how much what you want or need in a home will cost you. They will be able to get you connected with an experienced mortgage officer. This mortgage officer will help you figure out if you need to increase your credit score and how to do that, pay off more debt before you buy a home, and or save up more money for a down payment.

If you are a first time home buyer who needs an experienced real estate agent, contact us at 702-509-1446!

After you discuss your needs and wants in a home with a real estate agent and your financial situation with a lender, you will want to sit down with the person you are buying a home with (if you are not buying the home by yourself). Figure out with the other homebuyer(s) involved what you may need to sacrifice in your list of wants to be able to afford the house that meets your needs. As first time home buyers you will also want to discuss how much your monthly payments should be. If you want to keep your monthly payments low, you may need to sacrifice some of your needs or make a larger down payment. Be sure to have done your research, hired an experienced Henderson real estate agent, discussed your financial options with your lender, and be on the same page and have a game plan with the person(s) you are buying a home with.

Want a list of experienced mortgage lenders? Call 702-509-1446!

Move-Up Buyers

Are you ready for a change in scenery? Is your home too much to maintain or do you need more space? Maybe you need to move into a certain school zone or closer to work? Whatever the reason you have for needing an upgrade in home, be sure to have a game plan when you are looking to purchase your home. The first thing you should consider is what you are going to do with the home you currently own. You may want to keep it as a rental if you are not tight on money. If you are a little more tight on money and need to sell the home, be sure to discuss with your lender (if you’re using one) if you need to sell your first home before being able to make an offer on a second home. You may also have to pay for upgrades on the home to get top dollar in the sale of your first home to help pay for the second home. Also keep in mind that the seller is the one paying the commissions to the real estate agents, which is 6% of the sale price of the home.

If you are a move-up buyer in Henderson, Las Vegas or Boulder City, be sure to contact the Klinger Group at 702-509-1446

After figuring out what to do with the first home, move-up buyers should then figure out what they want and need in their new home. Be sure to do your research and ask your real estate agent how much homes that fit your standards are selling for in the area that you are moving to. You should also ask your experienced Henderson or Las Vegas real estate agent about getting connected with an expert lender. Your lender will pre-qualify or pre-approve you based on your financial situation and how much money you have for a down payment. This part may be a process as your lender may advise you to pay off some debt or increase your credit score so that you can afford a bigger or more expensive home.

If you are a move-up buyer interested in finding out how much your home is worth, contact us at 702-509-1446!

After purchasing your second home, you may need to rent your first home for a few days after closing as it is rare that you will buy one home and sell the other on the same day. One other thing that will be different from buying your first home is that the tax credit for buying a home will probably be less. Throughout the move-up buying process, it is important to realize that the real estate market is always changing. Just because you bought your home in a buyer’s market doesn’t mean that it is still a buyer’s market when you go to make an offer on a home. This is why, despite the fact that you’ve already gone through the process, it is imperative that you have an experienced real estate agent on your side throughout the move-up buying process in Henderson, Las Vegas, and Boulder City.

As experienced real estate agents, we have helped many people upgrade their living situation by purchasing a new home! Contact us at 702-509-1446 for a free move-up buyer consultation

Purchase or Remain a Renter

Many struggle with the question, “Should I buy my home or rent it?” There are obvious benefits to both. As a renter, you can simply walk away from a property if your lease is up and you no longer wish to live in the home or area. You also can call your landlord and have him send a technician to fix the home without paying a dime. As a renter, you also don’t have to worry about the depreciation of the home or the current state of the real estate market.

 

Interested in renting out your house in Henderson or Las Vegas? Read more about property management here…

 

As you’ve seen above there are several benefits to renting, however, it may be your best option to purchase your own home in Henderson or Las Vegas. When you purchase your own home, your monthly payments are building equity in your own real estate, not disappearing forever. You can also deduct the interest you pay on your home in your taxes. You can also paint your home, install new flooring, or even just hang up artwork or picture frames without having to get landlord approval. You also have the option of locking in a monthly payment amount, without having to worry that the landlord is going to raise the rent when your lease is up. You also won’t have to worry about having to move because the landlord has other plans for the home.

 

To the left is a table that shows the money you are losing over 5-30 years if you continue to rent and never purchase a home.

 

Keep in mind that the money that you pay in rent is gone forever. If this chart is motivating you to purchase your own home, contact the Klinger Group at 702-509-1446 to find out what you need to do to purchase a house in Henderson or Las Vegas.