Home Buying in Las Vegas>Question Details

Debbie Kerch…, Home Buyer in Pittsburgh, PA

What are the odds of a non-investor being able to buy a home?

Asked by Debbie Kerchenski, Pittsburgh, PA Thu Mar 21, 2013

I have been wanting to move to Las Vegas for a really looooong time! I keep watching the market and when it dropped to bottom, so did the employment market and I had to hold on to my job. Now that I have learned a skill that is more marketable, and interest rates are more favorable, along with better odds of selling my current home in dreary Ohio (lol)! I am hoping this is the year I can go. While I will probably rent for 6 months or so to get a feel for which area I prefer (right now, Henderson/Green Valley), but I also have a friend that lives in the Northwest area of Aliante, etc. , my question is:
What is the ratio of rental homes to owner occupied? I would prefer to live in an area that is owner occupied. Is there a map somewhere with zip codes that have less crime rates and are safer, etc.? Also, where can I find information about HOA fees, SIDs, LIDS, etc.?

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Answers

16
Team D'Ercole, Matt & Kim’s answer
Please call me about your question. I would rather share this info over the phone. There is a lot to know about our current market and what Institutional Investors are doing. We've been in the business since 1985 and have helped hundreds of buyers and investors over these many years. Thanks, Matthew 702.501.0973
3 votes Thank Flag Link Thu Mar 21, 2013
Hopefully Debbie found a home by now.
1 vote Thank Flag Link Fri Jan 3, 2014
Debbie are you still looking for a home?



Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
1 vote Thank Flag Link Mon Dec 30, 2013
If you send me info regarding the type of home you are looking for I would be happy to assist you with find a home to purchase. The easiest way to get this info to me is to fill out our "Buyer's Form on our website here: http://lvrealestatehelp.weebly.com/buying-real-estate.html from there I can set you up on an autosearch that will send you homes that match your criteria. You can then let me know what properties you are interested in and and we can research the LID's, HOA's etc as they will vary from property to property.

If you have specific address you are interested in you can read below to check recent crimes and school ratings in that area.

Please see the following links to check crimes that have occurred recently around addresses that you plug in.

The Las Vegas Metropolitan Police website covering Clark County and the City of Las Vegas, has a page where you can search crime statistics. We've included the link below.
http://69.69.103.31/crimeviewcommunity/

For areas covered by N. Las Vegas police:
http://www.cityofnorthlasvegas.com/departments/police/CrimeS…

For the City of Henderson:
http://www.cityofhenderson.com/police/crime_search.php

This is the link to the Clark County School District. Again, you can enter in the address you are interested in and it will pull up the schools zoned for that specific house. There are reports and ratings on each school, this will give you a better idea of how well that each school is performing. Once you enter the address, you can click on the school name, then click on the school website and on their front page look for the "2010-2011 Accountability Report". This will give you very detailed information on each school and how they are performing.
http://ccsd.net/schools/zoning/search/


Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
1 vote Thank Flag Link Fri Mar 29, 2013
Extremely great! Right now are market is primarily traditional sellers and the number of Investors have subsided a bit.

Call me when you are ready to find your new home!!

Faith Harmer
702-493-9608
0 votes Thank Flag Link Wed Dec 10, 2014
Debbie,

There are still many people purchasing homes to live in! Unfortunately, there isn't a pair of magic glasses that allow you to see which homes are rented. In my opinion, an HOA is helpful in keeping a neighborhood up - but of course, an HOA can be a pain. The fees never go away. The fees are listed in the MLS, and any agent can go over these with you.

As far as LIDs and SIDs, you'll find these in newer master planned communities. In many older Summerlin areas, for example, often the SIDs are paid. A professional agent will discuss all fees with you before you make an offer on a home.

As far as crime rates go - there is crime all over the city. This link will show you exactly what types of crime are happening in Las Vegas: http://www.crimemapping.com/map/nv/lasvegas

If you're still searching for a home, I would be happy to help.

Angela Brasser, ABR, CRS
Broker/Salesman
Prominent Realty Group, LLC

(702) 460-2515 Talk/Text
http://www.vegasrealtyvalues.com
0 votes Thank Flag Link Sun Mar 23, 2014
Homes are ready for purchase. Please feel free to contact me and we can discuss your home buying needs.

Regards,
Chad Roberts
Broker/Salesperson
Realty One Group
0 votes Thank Flag Link Wed Jan 29, 2014
Very Good.
Give me a call and Check out my website
702-378-6362
http://www.vegashomes4me.com
0 votes Thank Flag Link Fri Jan 24, 2014
from my experience. When we're not ready to make a move. We can over think our situation and what we're going to do in the future. and I believe your situation is easier than you think. Find a REALTOR, have them keep sending you possible rentals, and homes to buy. If you buy a new home. The Builder may be able to give it to you on a time schedule that works for you. But you have many options. You just have to put together a timetable. And learn the market a little. A little quote I use is I like to make the buyer a realtor as well. To know as much as I do. And then they can make their own decisions.
0 votes Thank Flag Link Thu Jan 2, 2014
Debbie,
Your efforts can be 100% successful!
But then you started adding conditions.
Area owner occupied. 99% successful
Lower crime 98% successful
Low HOA, SID, LIDs, etc.....50% successful.
-
What you left out is the most important factor...the price point.
Below $50,000 not likely to succeed at all.
-
Time to call a Las Vegas Relator and get the real facts regarding what you can expect.

Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
http://FirstLookHomes.com
0 votes Thank Flag Link Sun Dec 29, 2013
Buy from owner. 9560 W Mesa Vista Ave Las Vegas NV 89148
0 votes Thank Flag Link Sun Dec 29, 2013
You might want to consider a short vacation to exciting Las Vegas, rent a car, and drive 10 miles North, South, East, West of the strip. Beautiful gated communities with lawns, and parks and playgrounds and schools. This is a vibrant las Vegas that no chart or graph or statistic can possibly show


David Cooper ifindproperties marketing Manager
http://www.lasvegaswinner.org 702.499.7037
0 votes Thank Flag Link Thu Mar 21, 2013
HI Debbie,

That is a good question. Although the majority of sales taking place in the Las Vegas Market are investors, a non-investor is still able to buy. However, it is becoming more difficult for buyers who are utilizing financing to purchase a home when there are so many cash buyers competing for the same homes.

Many buyers have chosen the new home builders as a way to avoid multiple offers situations and not compete against investors. Additionally, some banks that are selling foreclosed homes have a “no investors for 30 days” rule which prohibits investors from purchasing the home for the first 30 days of marketing in an effort to promote home ownership by non-investors. Also, I have found that some homeowners would rather sell their home to a person who is going to live there and not rent it out. That is a strategy I have personally found effective when going up against investors. Of course that doesn’t always work as some sellers don’t care…they just want the highest bidder.

I hope this information was helpful and I am available if you have any other questions.
0 votes Thank Flag Link Thu Mar 21, 2013
Hi Debbie,

First I wanted to congratulate you for the decision to move to Las vegas and purchase a property. Second...Congratulation on earning a new skill in your career!

According to Trulia article that was published today: Owning Costs 44% Less than Renting.This is a great time to buy real estate utilizing the low low interest rate below 4% and low prices.

When looking to purchase a house, you want to find the best accurate information regarding all your questions. We have great communities..some with HOA and some without.
I would suggest to visit my website for relocating information at:
http://www.cvegashomes.com/choose-las-vegas/P166

For crime information by zip code, you can link to http://www.neighborhoodscout.com/nv/las-vegas/crime/

Each neigorhood has different association and SID/LID..depending where you are buying. Once you decide on a specific subdivision, I will be able to provide you with all the information including the association fees, LID/SID.

I will be happy to send you information and assist you in finding the perfect house and area. Please send me your email or call me at 702-612-7099 or email me ar Rena@cvegashomes.com.

Meanwhile, to search for all the homes for sale in Las vegas and Hendersdon, please visit http://www.cvegashomes.com.

Rena Levy
Broker/Associate
Certified International Property Specialist
702-612-7099
Rena@cvegashomes.com
Realty Executives of Nevada
0 votes Thank Flag Link Thu Mar 21, 2013
The odds of a non-investor or an owner occupant buying a home are about 50/50 right now. In the last 30 days Ticor Title reported that 59% of our sales went to cash buyers, mostly investors. The best thing you can do for yourself is to hire an experienced realtor to guide you through the offer process. Writing a strong and complete offer is critical to your success in today's Las Vegas market.
The master planned communities around town like Aliante, Summerlin and Providence, amongst others, will have HOA fees and SIDs. Most other communities built after 1995 will have HOA fees. Your realtor should be able to tell you the specifics on each property.
0 votes Thank Flag Link Thu Mar 21, 2013
Where ever you buy, make sure you get a home inspection to protect your investment. You can visit http://www.lvmpd.com (Metro Police) to find crime rates. Aliante is in N. Las Vegas. Green Valley is about 30 miles south of there, at the opposite end of the Valley. Another popular area is the Northwest (Summerlin) part of town. There are still many homes in foreclosure that have not been released as of this time. Feel free to visit my website for more information. Email me if you have any questions.
Lee Taylor
Owner / Inspector of Structures
Valley Property Inspections, LLC
Serving Clark County, NV
Dallas County, TX
Collin County, TX
0 votes Thank Flag Link Thu Mar 21, 2013
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