Did you know that, in 2012, an overwhelming majority of new home buyers began the the process online, and that typical homes in Nevada are up for sale for only 102 days?
Buying a home can be a long, drawn-out process, especially for first-time home buyers. Even more alarmingly, the process can involve a lot of unanticipated, and sometimes hidden, costs. What do first time home buyers need to know, especially when purchasing homes in popular markets, like Las Vegas?
Draft a Realistic Budget
A staggering number, or 58%, of first time home buyers are single. The Federal National Mortgage Association recommends limiting housing purchases to 28% of overall income. Unmarried