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Old 02-17-2019, 12:17 AM
 
206 posts, read 86,503 times
Reputation: 176

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Quote:
Originally Posted by airics View Post
Nope
Have you tried getting an offer from opendoor or offerpad just to see what they can give you? Plus do the math and see if your time is worth $10K.
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Old 02-17-2019, 07:23 AM
 
Location: North Las Vegas, NV
269 posts, read 86,242 times
Reputation: 182
Quote:
Originally Posted by MaryoVilla View Post
Have you tried getting an offer from opendoor or offerpad just to see what they can give you? Plus do the math and see if your time is worth $10K.
I was told yesterday by a real estate agent who I met while riding in an uber that with 3 new resort casinos opening coupled with the opening of the Raiders stadium that there likely will not be a downturn and that waiting for a buyer's market is probably a mistake.

So I'm on the fence about whether or not to make a move or if I should just continue to save money. Any feedback is welcome.

Realistically, how much do I need to save? I have never owned.
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Old 02-17-2019, 09:37 AM
 
Location: Dallas, TX and Las Vegas, NV
5,378 posts, read 4,067,127 times
Reputation: 10864
Quote:
Originally Posted by WisconsinVegasHeights View Post
I was told yesterday by a real estate agent who I met while riding in an uber that with 3 new resort casinos opening coupled with the opening of the Raiders stadium that there likely will not be a downturn and that waiting for a buyer's market is probably a mistake.

So I'm on the fence about whether or not to make a move or if I should just continue to save money. Any feedback is welcome.

Realistically, how much do I need to save? I have never owned.
Go online and look up some mortgage sellers, like Quicken Loans, to get an overview on differnt loans and closing costs. Just start with a home price that’s about 2.5 x your annual income as an estimate purchase price. Some other usefule info: https://www.bankrate.com/finance/mor...e-loans-1.aspx
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Old 02-17-2019, 10:21 AM
 
Location: Las Vegas
551 posts, read 503,446 times
Reputation: 458
Quote:
Originally Posted by WisconsinVegasHeights View Post
I was told yesterday by a real estate agent who I met while riding in an uber that with 3 new resort casinos opening coupled with the opening of the Raiders stadium that there likely will not be a downturn and that waiting for a buyer's market is probably a mistake.

So I'm on the fence about whether or not to make a move or if I should just continue to save money. Any feedback is welcome.

Realistically, how much do I need to save? I have never owned.
It's good if you can put 20% down to avoid paying PMI insurance. That's $50K down payment on a $250K house. Use tools like "how much house can I afford". Talk with a realtor, get prequalified by a bank, etc.

Create a realistic budget that includes your monthly payments for a mortgage, home owners insurance, HOA fees, property taxes, utilities and all your other monthly payments. Leave yourself disposable income, don't be house poor. Have money set aside for home repairs in case you have to fix something (water heater, HVAC, roof, appliances, etc).

Be sure owning is better than renting for your situation. Selling a house is expensive if you want to move.
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Old 02-17-2019, 11:13 AM
 
1,983 posts, read 2,199,783 times
Reputation: 2140
Quote:
Originally Posted by airics View Post
Nope
Are you doing FSBO?

I personally wouldn't lower the price. I don't know what it looks like, area etc. but from what I've seen for houses I watch they have an offer in about a month.
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Old 02-17-2019, 12:38 PM
 
19 posts, read 4,550 times
Reputation: 13
What do all of you think about The Martin and Panorama? Seems like real good location, and much cheaper per sq foot vs Veer. Current prices? Appreciation? Even if one wanted to get into basic unit, just not the 700-800 sq foot a Pano...
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Old 02-17-2019, 01:06 PM
 
61 posts, read 74,009 times
Reputation: 78
I don't understand how the raiders stadium is relevant to the local housing market. Can't imagine trying to buy a house and they tell me oh since there is a raiders stadium the house is magically more expensive.
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Old 02-17-2019, 01:40 PM
 
372 posts, read 295,267 times
Reputation: 288
Quote:
Originally Posted by V2thunder View Post
I don't understand how the raiders stadium is relevant to the local housing market. Can't imagine trying to buy a house and they tell me oh since there is a raiders stadium the house is magically more expensive.
Its called 'speculation', a calculated risk of property appreciation. So far, property values have definitely increased in the area around the new Raiders stadium and also the area around the new Raiders HQ and practice facility in Henderson. Just check out the recent home sales and land sales.
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Old 02-17-2019, 02:01 PM
 
Location: Las Vegas
2,039 posts, read 1,418,618 times
Reputation: 1581
Quote:
Originally Posted by steveaustin900 View Post
What do all of you think about The Martin and Panorama? Seems like real good location, and much cheaper per sq foot vs Veer. Current prices? Appreciation? Even if one wanted to get into basic unit, just not the 700-800 sq foot a Pano...
Monthly hoa is approximately $0.61/sqft per month, I think The Martin is more
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Old 02-17-2019, 02:03 PM
 
Location: Las Vegas
2,039 posts, read 1,418,618 times
Reputation: 1581
Quote:
Originally Posted by usnftcret View Post
Its called 'speculation', a calculated risk of property appreciation. So far, property values have definitely increased in the area around the new Raiders stadium and also the area around the new Raiders HQ and practice facility in Henderson. Just check out the recent home sales and land sales.
More than the rest of the market? I don't believe the immediate area around the stadium has appreciated more than the general Las Vegas market.
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