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Buying owner occupied Las Vegas condominiums and homes from an investment point of view, Step 1, financing

November 20th, 2008 · No Comments

1: Owner occupiers: Or those who want to invest in an owner occupied home or condo or regular home or condo buyers in Las Vegas.

The big difference between owner occupied residential investment and investors who will rent their property is that additional factors may have to be considered in choosing a suitable home or condo than a regular investment property; such as vicinity to a magnet school, layout of the home or condo or the buyer may have a preference for a subdivision or specific part of town. The other difference is that the decision to buy an owner occupied home will invariably become an emotional decision. It is your nest after all, and what I tell my clients is that when they open the door at home after a hard day’s work, they should say thank GOD I am home and not when am I going to get out of this dump.

The point is having a home or condo that you just love and buying the same home or condo as an investment property are not mutually exclusive. If you follow our road map to getting a great real estate deal, you should succeed in buying a great home which you can build equity in so you can move up to a better residence in a few years.

Issues concerning buying a home or condominium and how you can harness the great power of Las Vegas homes, condos, land and commercial real estate to your advantage

Step 1, financing your home or condo purchase

We have two kinds of home or condo buyers in Las Vegas

A: Those buyers that want to buy in cash. They know how much money they have and how much home or condo they can afford.

B: Buyers that have to finance their purchase. These buyers have no idea how much home or condo they can afford to buy unless they become pre-approved which is not the same as pre-qualified.

I will discuss the process of getting pre-approved and why it is so important to do so in the next post.

Related web-site links: Getting the best deal for your Las Vegas home or condo, Buying Las Vegas homes for sale, Buying Las Vegas condos for sale

Tags: Las Vegas condos · Las Vegas homes

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