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Sep
17

Rent A Home Or Buy A Las Vegas Home : The Case For Both Sides

By LasVegasShortSales

Downtown Las Vegas as seen from the Stratosphe...

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Is it better to rent a Las Vegas home, or to buy one? The answer may not be as clear-cut as you think. In this balanced, 3-minute joint interview from NBC’s The Today Show, you’ll hear the case for both sides.

From the pro-renting part of the talk, there’s valid points about the economic impact of low credit scores and/or no cash for downpayment, and the ongoing, annual cost of home maintenance — estimated at 2% of a home’s value.  Plus, renters have the ability to “follow a job” to a new town or region whereas a homeowner may be restricted, somewhat.

The interview points out these pro-buy excellent points … ones to consider for Las Vegas Homes purchase:

  • Mortgage rates are low and each 1% drop to rates equates to a 9% drop to home price
  • Buyers can zero in on a particular area with particular schools or walkability, for example, better than renters
  • A home can a piggybank over the long-term; a place for “forced savings” for families that want it

Whether buying a Las Vegas Home or renting, don’t try to go at it alone. There’s lot of resources online, and an email to a local real estate or mortgage pro can set you in the right direction.

Considering a Las Vegas Home purchase?  Search all Las Vegas Homes for Sale using our free, interactive map-based search.

Search all Las Vegas Foreclosures, including Henderson, Green Valley and North Las Vegas.

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Related posts:

  1. Nationwide Home Values Within 12.5 Percent Of April 2007 Peak…Not Case for Las Vegas
  2. Is now the time to buy or sell a Las Vegas home?
  3. Now Is a Great Time to Buy a Home in Las Vegas

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