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October 28, 2014
Receive the latest tips on how to find a home in Las Vegas.Researching and shopping for a home can be a daunting task, especially if it is your first time. The majority of homes you view with your real estate agent will be sourced from a national MLS: multiple listing service. There are roughly 800 MLSs nationwide, each a database of homes for sale. Home prices are on the rise in Sin City, yet are at a moderate level overall. Inventory is a little low with less than four months available (a six month supply is ideal). So how can you have an edge over other homebuyers if your aim is to live in Las Vegas?

1. Hire a Real Estate Agent

Hiring a real estate agent may seem like a given, but some homebuyers prefer to go at it alone. The latter works great when you have the time, network and charisma to cold contact home sellers. The reality is most of us don’t have all three of those characteristics on our side.

It is crucial for you to get along with your agent. It is worth the effort to interview three licensed “buyers” agents to find the right one for you during this home search. Clearly communicate your needs and wants for your next home and make sure the agent clearly understands your goals.

2. Know Your Next Las Vegas Community

Agents are particularly helpful if you are not familiar with Las Vegas and surrounding suburbs. It’s useful to have a basic idea of what features or attributes you desire in your next community. The National Association of Realtors (NAR) found the top three neighborhood factors influencing a buyer’s choice included: 

  • The quality of the neighborhood
  • The commute time to work
  • And overall affordability 

Sounds familiar, right? Here are some Las Vegas neighborhood resources and tools you should check out:

 

3. The Internet Rules

With or without an agent, you’ll still find yourself searching the internet for your next home. Besides traditional searches on the major real estate sites or the Greater Las Vegas Realtor Association, you can reach out to sellers directly — if you feel comfortable doing so. Zillow created a clever feature called Make Me Move where sellers don’t officially list their home, but they do list their dream selling price.

Real estate apps for mobile phones are also becoming an extremely popular way to find a home. Though whether through an app or a desktop search, avoid wasting time on listings that:

  • Lack photos
  • Use excessive fluff language
  • Are sold “as is”

To assist in your Las Vegas home search, be proactive and receive pre-approval on a mortgage loan. Doing so will help you fine-tune what style of home fits your budgets and speed up the offer process when you are ready.

Billy Alt Vegas

If you’re looking for a realtor to help you look for a home in Las Vegas, we proudly recommend contacting Billy Alt of The Alt Group.

Contact our local branch at 702-669-5400‎ to get started today. We are dedicated to the whole home buying process, and can even suggest vetted real estate agents.

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