Down Payment A down payment percentage can be determined by talking with your lender. It can be as low as 3% depending on credit scores and the lender. However, keep in mind that private mortgage insurance (PMI) is required until you reach 20% equity on home. Many people will put […]
Read MoreFAQ Category: Buying
What out of pocket expenses can I expect to pay when purchasing a house before closing?
Home Inspection We always recommend paying for an inspection of a property. The price will vary depending on the size of the house but is usually between 300-500 dollars depending on the inspection company. Follow-up or Additional Inspections If something is determined to be wrong or needs to be inspected […]
Read MoreWhat is a homestead and how do I get one?
A homestead protects you and your assets from creditors. You can access the homestead form and further info at the Clark County Assessor Web Page. Many times, homestead forms will be sent in the mail, offering to file a homestead for you for a fee. You can save money and […]
Read MoreWhen do you think the housing market will crash / fall / rise?
Nobody has a crystal ball. There is no way to know if you are at the top or the bottom of the market. My advice to clients is this: Time in the market beats timing the market. Always do what makes sense for you financially. If you wait until a […]
Read MoreI want to buy a home. Where do I start?
Contact your Realtor before anything. They will help guide you through the process. Your first step will be to get in contact with a lender. You can choose your own lender (a bank, credit union, private lender, etc.) or you can ask your Realtor for referrals. Keep in mind, Realtors […]
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