March 26, 2007

Taking the Plunge Into Las Vegas Real Estate

Written by: Juanchito

I have to apologize beforehand, because I’m pretty sure this blog is going to be pretty inundated with posts about Las Vegas Real estate. It’s not my fault. It’s my wife’s fault. She is just itching and scratching and dieing to have a house. Ok, she really just wants a backyard and maybe a little more room for the family. I think it’s a simple enough claim. Here’s the way I look at it. My wife is a stay at home mom and so our home is basically her office. She’s basically asking me for a larger office. Makes sense doesn’t it?

So, our search has begun. Too bad there are like a million Las Vegas homes to choose from. Las Vegas has grown like crazy. People tell us that we are in a dip and that it’s a buyers market, but I’m a little concerned. The real question is, what if it is not a good time to buy and the market continues to go down? Well, it is Las Vegas and so you think I’d know about gambling, but I don’t. I guess I really shouldn’t be too worried considering the way they build casinos here. The housing prices are bound to go back up eventually. It’s just a reality with growth. Not to mention if we buy a house in the Henderson/Green Valley area.

A lot of people say that the Summerlin real estate market is where it’s at, but I just don’t personally see it. Well, maybe I do see why it’s exploding. It’s a beautiful area. However, I don’t see how anyone can handle living in Summerlin and commuting on the 95 to downtown Las Vegas. Maybe some people love driving. I don’t! I’d honestly rather find myself one of the plenty of Las Vegas Condos before I submit myself to the travel time required if I lived in Summerlin.

Either way, I’m up for an adventure. I don’t think the problem is really finding a house. It’s really about finding a house that is a good deal. Maybe I just need to stop worrying and just enjoy the American experience of owning a home.

More on talks with the mortgage lenders later.

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    One response to "Taking the Plunge Into Las Vegas Real Estate"

    1. # Ben commented on October 7th, 2007:

      Nice blog, keep up the great work.

      Ben
      http://real-estate-investing–guide.blogspot.com

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