First Time Home Buyer Tips

When purchasing your first home, the process doesn't begin with home searches. It starts with meeting with a lender and getting your prequalification unless of course, you have enough money to pay cash.

Often, first-time buyers are afraid to meet with a lender and get prequalified. People have a fear that the lender may tell them they don't qualify for a mortgage or in other case, they qualify only for a smaller amount. So they randomly pick a price range out of the blue and start looking for a home they may or may not afford.

It is more fun to go look at houses than meet with a professional mortgage lender but that's not how it should be done. It is very important to meet with a mortgage lender so you can find out what your financial situation is.

Why Meet With a Lender

Assess your Financial Situation

Know your buying power - Pre Qualification

Assess any issues with your background - If so, the lender will show us how to fix these issues before hand

Make financial decision versus an emotional decision

Hire a Professional

Hiring your own real estate agent, who will work for you as the buyer and not the seller. You don't have to worry about paying your agent a commission, buyer agents are paid by the seller.

Hiring a professional can help you streamline the whole process vs doing it all on your own. I highly recommend contacting myself and my team in the beginning stage so we can help guide you on the whole buying process. We're here to make it easy for you and as stress free as possible.

Make a List of Needs and Wants

To have the most success in your first home purchase, I highly recommend sitting down and drafting a list of things that are important to you in a home. I suggest drafting 2 list: Needs and Wants.

The honest truth is, you'll probably never get everything on your list. It's always a hit or miss, so knowing what you can't live without and can live without will help you on the decision when you find three to five homes that you love but can only chose one.

The Home Buying Process

Parties Involved

Real Estate Agents : Selling Agent & Buying Agent

Mortgage Lenders

Escrow/Title Company

Inspectors

Appraisers

What is the difference between Pre-Qualification and Pre-Approval?

Pre-Qualification

The initial step in the mortgage process. You supply the bank or lender with your overall financial situation, including your debt, assets, and income. The lender will evaluate the information you provde: two years of taxes, two bank statement, two month paystubs, credit check. Then the lender will give you an idea of the mortgage you can qualify for which is called the Pre-Qualification.

Pre-Approve

The next step in the mortgage process. This is when you actually apply for a mortgage and receives a commitment letter from a lender. This means the lender or the bank has done all their initial prequalifications with you, they have processed and checked all your information, and approve you for the Mortgage loan. The Pre-Approval from the lender or bank is what's needed to close your dream home.

Different Types of Loans

FHA

Federal Housing Administration is a mortgage managed by the Department of Housing and Urban Development (HUD) which is a department of federal government. This means FHA loans are government insured loans. This program allows you to make a down payment as low as 3.5% of the purchase price.

The U.S. Department of Veterans Affairs (VA) is a loan program for our military service members and their families. This is also backed by the federal government. The primary advantage of this program is that borrowers can receive 100% financing for the purchase of a home. This means no down payment for your military members.

Conventional

Conventional home loans are not insured or backed by the federal government. Conventional mortgages generally pose fewer hurdles than FHA or VA loans.

[ First Time Home Buyer Program And Down Payment Assistant Programs ]

Nevada: Home Is Possible Program and other Down Payment Assistance Programs

Established by the state of Nevada in 2014, The Home Is Possible Assistant Program helps new homebuyers just like you to get up to 5% of the loan value. When qualified by a mortgage lender, you can use the money of up to 5% of the purchase price for your down payment or closing costs.

Program Requirements:

Qualifying income below $98,500
Home price below $400,000
Minimum credit score of 640
Must live in home as primary residence
Homebuyer education course
Must meet standard underwriting requrements

For More Info, Click here

If you are thinking of buying a house in Las Vegas now or in the future, contact us for a Free No Obligation Consultation. We would love to assist you in getting you ready and providing you valuable information on how we can help you become successful in the purchase of your first home at no cost.

Whether your a First Time Home Buyer or not, we would love to discuss with you the different rebate programs we offer all of our home buyers.

~ Chris Quiazon

Cell : 702-235-7413

Email: Quiazonteam@gmail.com

Featured Office Listings

$695,000

3 Beds ⋅ 3 Baths ⋅ 2426574 MLS ⋅ 2,535 SqFt.

GORGEOUS! SHOWS LIKE A MODEL! HIGHLY UPGRADED SINGLE-STORY HOME BACKING ONTO THE WALKING PATH! UPGRADES INCLUDE SURROUND SOUND, BUILT-IN DESK & CABINETS IN 3RD BEDROOM, BEDROOMS 2 & 3 HAVE JACK & JILL BATH, GARAGE CABINETS, REMOTE CONTROLLED SOLAR SCREENS ON BACK PATIO, ELECTRIC CAR CHARGING STATIION IN GARAGE, UPDATED LIGHT FIXTURES AND CEILING FANS IN ALL ROOMS, ALL STAINLESS-STEEL APPLIANCES INCLUDED, SECURITY TINT ON ALL WINDOWS, BARN DOOR IN MASTER BATH. TOO MANY UPGRADES TO LIST! A MUST SEE!!

1691 Sonoran Bluff Avenue, Henderson

Courtesy of Mary Maravich with Realty Executives of SNV.

$3,200,000

5 Beds ⋅ 5 Baths ⋅ 2423032 MLS ⋅ 5,368 SqFt.

WoW. Take a look at this spectacular estate with strip and mountain views. Completely remodeled in 2019 with custom details throughout. This amazing smart home features 5 bedrooms and 4 ½ bathrooms. Split living and family rooms. A formal dining area. European-style kitchen with Spectacular designer cabinets, and high-end appliances. A beautiful master suite with strip views/His & Her custom closets and en-suite with Luxury finishes throughout. A Pebble Tec & spa with plenty of room for entertaining. Property is being sold as shown “partly furnished” Welcome home....

1373 Ruby Sky Court, Henderson

Courtesy of Alan M Hays with Realty Executives of SNV.

$459,900

3 Beds ⋅ 2 Baths ⋅ 2423926 MLS ⋅ 1,437 SqFt.

Great find in the heart of a quiet Green Valley good school district neighborhood. This well maintained beautiful curb-appealing zero-scaped NON-HOA home has vaulted ceilings, a gas fireplace, and dual-pane energy-saving windows have been installed throughout. Large backyard with a heated pool, above-ground spa, and gazebo. The house has been painted in the last few years. The two-car garage has a dust-free locking closet perfect for holding your seasonal wardrobe. Solar screens on both sun-facing sliding glass doors. Custom blackout shade on living room sliding glass door. Plantation shutters. Granite modern countertops. Many extras including a refrigerator, dishwasher, above stove microwave, washer, and dryer. SimpliSafe alarm/smoke detector system hardware included. The house has good insulation to assist in lowering home heating and cool expenses. House is in move in condition. All furniture available for purchase.

1821 Vaccaro Place, Henderson

Courtesy of Michael Bohnet with Realty Executives of SNV.

$488,000

5 Beds ⋅ 3 Baths ⋅ 2423536 MLS ⋅ 2,283 SqFt.

GORGEOUS HOME WITH VAULTED CEILINGS AND LOTS OF ROOM. BEDROOM DOWNSTAIRS HAS AN ATTACHED BATHROOM WITH 3/4 BATH, DEN IS DOWNSTAIRS AS WELL,TWO TONE PAINT THROUGHOUT WITH STAINLESS STEEL APPLIANCES AND GRANITE COUNTER TOPS IN THE KITCHEN, THIS HOME SHOWS PRIDE OF OWNERSHIP AND IS IMMACULATE AND IN IMPECCABLE CONDITION

5095 Lime Kiln Avenue, Las Vegas

Courtesy of Michael Bohnet with Realty Executives of SNV.

$339,000

3 Beds ⋅ 2 Baths ⋅ 2420345 MLS ⋅ 1,274 SqFt.

WoW. Thake a look at this amazing home in the heart of Las Vegas. This amazing property features 3 bedrooms 2 bathrooms and office/den. A large kitchen with patio access, formal dining area, large living room and master bedroom with en-suite. All located on a large lot with plenty of room for all your hobbies. Hurry this one wont last.

6105 Evergreen Avenue, Las Vegas

Courtesy of Alan M Hays with Realty Executives of SNV.

$1,399,900

4 Beds ⋅ 4 Baths ⋅ 2421790 MLS ⋅ 3,309 SqFt.

WoW take a look at this spectacular opportunity to own in beautiful Summerlin. This amazing home features 4 bedrooms and 3 ½ bathrooms with 1 bedroom downstairs and 3 car garage, 2 balconies with strip and mountain views, a huge kitchen with breakfast bar, walk in pantry and dining area overlooking large living room with patio access, a fabulous master bedroom with walk in closet, en-suite, and bonus room, and an incredible backyard ready for your dream pool or so much more. Hurry this one won’t last long.

6197 Jewel Vista Street, Las Vegas

Courtesy of Alan M Hays with Realty Executives of SNV.

$739,000

3 Beds ⋅ 3 Baths ⋅ 2420259 MLS ⋅ 2,450 SqFt.

Located in the desirable Skye Canyon community, this one-of-a-kind, award-winning Parklane floorplan by Pulte home, will exceed all expectations! This immaculate single-story home is situated on a corner lot with no rear neighbors and large lot size! It boasts 3 spacious bedrooms, 2 1/2 bathrooms, large multipurpose den/office, 9' ceilings with 8' interior doors, custom tile flooring and 5" baseboards. Enter through the custom Iron Gate for added security and custom front door. This home has a spacious gathering room with chef's kitchen and huge walk-in pantry with custom granite slab and overhead pendant lights that are sure to entertain! Primary bedroom boasts a luxurious walk-in shower, dual sinks, and a custom walk-in closet. Gathering room slider leads to a lush, tranquil backyard with drought tolerant desert landscaping, custom water feature, built in spa, elevated patio area, and garden bed. 3-car tandem garage includes above garage storage and shelves. Thank you for showing!

8388 Painted Walls Street, Las Vegas

Courtesy of Chelsea Atwell with Realty Executives of SNV.

$280,000

3 Beds ⋅ 2 Baths ⋅ 2419759 MLS ⋅ 1,444 SqFt.

One story Manufactured Home converted to Real Property. Newer HVAC system - approximately 1 year old. Open floor plan with ceiling fans throughout. Large Kitchen featuring Garden window providing plenty of natural lighting. Brick Fireplace with glass door and Mantel. Spacious Bedrooms with a large Primary bedroom with it's own bathroom, vanity with double sink, large tub & shower Property fully fenced with paved driveway(space to park your vehicle and RV). Aluminum patio cover on both sides of home providing plenty of shade. Shed in back yard with electricity. LOTS OF POSSIBILITIES ** A MUST SEE**

2224 Clinton Lane, Las Vegas

Courtesy of Todd D Offenbach with Realty Executives of SNV.

$419,900

3 Beds ⋅ 2 Baths ⋅ 2419884 MLS ⋅ 1,432 SqFt.

Single Story Home located in the heart of summerlin , Gated Sunset Mesa Community across the street from Summerlin Hospital. Features 3bed 2bath, vaulted ceilings, Formal living & great room, kitchen with breakfast bar all appliances included 2-car garage just minutes from shopping and dining (Downtown Summerlin, Tivoli Village, Boca Park) Nearby freeway access. Property includes great size private back yard .with a cover patio Gated community features recreational facilities including a community pool, spa, playground. Home located very close to the community pool .a must see.

519 Crimson View Place, Las Vegas

Courtesy of Hilit Weiss with Realty Executives of SNV.

$364,900

3 Beds ⋅ 3 Baths ⋅ 2417115 MLS ⋅ 1,779 SqFt.

This single family home won't last long. Nice size backyard has side entrance with covered patio. Vaulted living room ceiling with gas fireplace in the den. Upstairs loft has a closet and could be converted to a bedroom. Master bedroom has two closets, one in the bedroom and one in the master bath. Desert landscaping, 2 car garage, driveway parking and street parking NO HOA. Very close to Interstate 95 , shopping and restaurants. This house has Solar Panels that will be paid off by the seller at closing with full price offer, there is also a stair chair lift that can be removed by seller at closing. Being sold AS-IS needs some updating. Seller will contribute to closing cost with full price offer.

6608 Socorro Drive, Las Vegas

Courtesy of Yvonne Thompson with Realty Executives of SNV.

$435,000

4 Beds ⋅ 3 Baths ⋅ 2416857 MLS ⋅ 2,107 SqFt.

A MUST SEE 4 BEDROOM 3 BATHROOM 2 STORY HOME IN THE LONE MOUNTAIN AREA. PRIDE OF OWNERSHIP. COVERED BACKYARD PATIO WITH HOT TUB. WOOD FLOORING, TILE AND CARPET THROUGH OUT. SHOW THIS ONE FIRST ! SELLER IS VERY MOTIVATED AND WILL GIVE $5,000 TOWARDS CLOSING COST/REPAIRS.

10716 Little Horse Creek Avenue, Las Vegas

Courtesy of Jake Bohnet with Realty Executives of SNV.

$410,000

4 Beds ⋅ 3 Baths ⋅ 2412609 MLS ⋅ 1,726 SqFt.

WOW! This 2 story home feature 4 bedroom and 3 bathrooms. Massive galley kitchen with island. Master bedroom with walk-in closet and en-suite with his and hers sinks. Spacious bedrooms. Huge living room with vaulted ceilings. Spectacular backyard with large covered patio great for entertainment. Welcome home!

2432 Charteroak Street, Las Vegas

Courtesy of Josue Sanchez with Realty Executives of SNV.

$655,000

5 Beds ⋅ 3 Baths ⋅ 2412155 MLS ⋅ 3,034 SqFt.

LARGE HOME WITH A GREAT FLOODPLAIN. 5 BEDROOMS WITH 3 FULL BATHS. ONE BEDROOM AND A BATH DOWNSTAIRS. OPEN KITCHEN OVERLOOKING THE LARGE FAMILY ROOM, LARGER ROOMS UPSTAIRS AND A NICE BACKYARD WITH SPARKLING POOL.

2126 Golden Trumpet Avenue, Las Vegas

Courtesy of Kelly Jones with Realty Executives of SNV.

$249,900

2 Beds ⋅ 2 Baths ⋅ 2409869 MLS ⋅ 912 SqFt.

REDUCED*BEAUTIFUL TWO BEDROOM TWO FULL BATH FIRST FLOOR CONDO LOCATED IN THE EDGE OF SUMMERLIN RIGHT OFF OF SUMMERLIN PARKWAY*WELL MAINTAINED COMMUNITY MATURE LANDSCAPING AND TWO POOLS AND YOUR OWN COVERED PARKING SPACE RIGHT IN FRONT OF THE UNIT*KITCHEN HAS GRANITE COUNTERTOPS*LARGE BREAKFAST NOOK*SMALL ISLAND FOR SEATING*NEW VINYL FLOORING*BOTH BATHROOMS HAVE BEEN REMODELED*FIREPLACE*LOTS OF STORAGE AND CLOSETS*OUTSIDE STORAGE UNIT LOCATED ON GROUND LEVEL*CLOSE TO RESTAURANTS*SCHOOLS*PARKS INCLUDING RED ROCK CANYON AND HIGHWAYS*

1300 Pinto Rock Lane Unit 101, Las Vegas

Courtesy of Peggy J Collura with Realty Executives of SNV.

$579,900

4 Beds ⋅ 3 Baths ⋅ 2408252 MLS ⋅ 2,196 SqFt.

WoW take a look at this spectacular home. This amazing property feature 4 bedrooms and 2 1/2 baths. Split living and family rooms all with vaulted ceilings, a formal dining area, huge kitchen with breakfast nook. Large master with ensuite and walk in closet, beautiful backyard with pool and spa. Hurry this one will not last

3320 Ventana Hills Drive, Las Vegas

Courtesy of Josue Sanchez with Realty Executives of SNV.

$1,400,000

5 Beds ⋅ 7 Baths ⋅ 2407722 MLS ⋅ 5,818 SqFt.

*PRICED TO SELL*INCREDIBLE CUSTOM 2 STORY HOME W/ 5 BEDROOMS*7 BATHS*3 CAR GARAGE & POOL/SPA COMBO*ONE OF A KIND HOME IS 5818 SQ FEET & IS BREATHTAKING* FROM THE MOMENT YOU WALK IN THE BEAUTY SHINES*TRAVERTINE FLOORS*CUSTOM RAILINGS* ENORMOUS KITCHEN W/ A MASSIVE GRANITE ISLAND & INDUSTRIAL REFRIGERATOR* DOUBLE OVENS*BUTLERS PANTRY & ENORMOUS WALK IN PANTRY*ELEGANT LIGHTING*GREAT ROOM FEATURES FIREPLACE*CUSTOM CABINETS*ENTERTAINMENT CENTER & BEAUTIFUL VIEWS OF THE BACKYARD & POOL*MASTER'S RETREAT DOWNSTAIRS W/ A WONDERFUL SHOWER & SOAKER TUB* MASSIVE CUSTOM DREAM CLOSET *FOUR MORE HUGE BEDROOMS UPSTAIRS ALL W/CEILING FANS*WALK IN CUSTOM CLOSETS & THEIR OWN BATHROOM*MASSIVE LOFT WHICH COULD EASILY BECOME A MOVIE THEATRE OR 2ND FAMILY ROOM*HOME OFFICE UPSTAIRS OVERLOOKS THE AIRY LIVING ROOM & FIREPLACE* BLOCK WALL DIVIDING THE HOUSE NEXT DOOR WILL BE ADDED WAITING ON HOA APPROVAL

325 Goldstar Street, Henderson

Courtesy of Peggy J Collura with Realty Executives of SNV.

$300,000

2 Beds ⋅ 2 Baths ⋅ 2407085 MLS ⋅ 989 SqFt.

CUTE TOWNHOME MINUTES FROM THE STRIP, I-15. ONE OF THE FEW DETACHED UNITS IN PARK VILLAS. GARAGE WAS CONVERTED AND CARPORT CONVERTED INTO ONE CAR GARAGE. EXTRA ROOM IS APPROXIMATELY 10X20. ALL REMODELING WAS DONE PRIOR TO MY SELLERS PURCHASING AND NO PERMITS WERE PULLED. KITCHEN REMODELED WITH GRANITE COUNTERS, S/S APPLIANCES, BACKYARD HAS FISH POND, COVERED PATIO, FULLY BLOCK WALLED. WASHER/DRYER AND FREEZER INCLUDED IN PRICE.

4419 Via San Marco, Las Vegas

Courtesy of Mary Maravich with Realty Executives of SNV.

$449,900

4 Beds ⋅ 2 Baths ⋅ 2406521 MLS ⋅ 1,514 SqFt.

WoW. Take a look at this beautiful property in the heart of Las Vegas. This newly remodeled property features 4 bedrooms and 2 bathrooms, A large living room with vaulted ceilings, Kitchen with breakfast nook, master bedroom downstairs and amazing backyard with pool and spa, RV parking and 2 car garage. All located in a community with no hoa. Hurry this one wont last long.

4747 Marlboro Court, Las Vegas

Courtesy of Alan M Hays with Realty Executives of SNV.

$499,900

3 Beds ⋅ 2 Baths ⋅ 2405623 MLS ⋅ 1,594 SqFt.

In the heart of Green Valley Ranch is a spacious single story three bedroom home with vaulted ceilings. There is a large island kitchen with a breakfast bar which shares space with a gas fireplace in the great room. The master bedroom's walk in closet is cedar. There is a two car garage and easy care desert landscaping in the front and back yards. A Pocket Park is across the street from this gated community.

2482 Citrus Garden Circle, Henderson

Courtesy of Kathleen H McLean with Realty Executives of SNV.

$235,000

3 Beds ⋅ 2 Baths ⋅ 2401714 MLS ⋅ 1,130 SqFt.

Great opportunity to own a Condo in Marquesa Complex. The property features 3 bedrooms, 2 bathrooms, 1,130 sq ft living. The property is close proximity to the Summerlin Parkway Freeway, restaurants, and entertainment. The community features a pool, spa, gym, and tennis courts.

7300 Pirates Cove Road Unit 2076, Las Vegas

Courtesy of Chris Quiazon with Realty Executives of SNV.

$338,000

2 Beds ⋅ 2 Baths ⋅ 2382210 MLS ⋅ 1,058 SqFt.

WoW take a look at this spectacular opportunity to own in beautiful Las Vegas. This amazing townhome features 2 bedrooms and 2 bathrooms, a large living room with fireplace, kitchen with breakfast, master bedroom with en-suite and so much more. All located in a gated community with Clubhouse, pool and spa. Take a look today. It wont be here tomorrow.

505 Yacht Harbor Drive, Las Vegas

Courtesy of Alan M Hays with Realty Executives of SNV.

$2,500,000

3 Baths ⋅ 2370153 MLS ⋅ 4,483 SqFt.

VALUE IN THE LAND! THIS PROPERTY HAS A CONDITIONAL SPECIAL USE PERMIT FOR A CHURCH. MAKE OFFERS SUBJECT TO INSPECTIONS. NO SHOWINGS. PROPERTY IS LEVEL WITH A COMPLETE CIRCULAR DRIVEWAY. CITY SEWER AND WELL--HOWEVER CITY WATER IS IN THE STREET. PLEASE DO NOT DISTURB ANYONE AT THE PROPERTY--IT IS IN USE AS A CHURCH MINISTRY. ALL BATHS HAVE BEEN CONVERTED TO HALF BATHS, INTERIOR COURTYARD, BEDROOMS CONVERTED INTO PASTOR'S OFFICES. ZONED RE--IDEAL FOR A DEVELOPER.

5300 N Rainbow Boulevard, Las Vegas

Courtesy of Mary Maravich with Realty Executives of SNV.

$595,000

4 Beds ⋅ 3 Baths ⋅ 2365615 MLS ⋅ 2,445 SqFt.

Wonderful Southwest location, tucked between The Lakes and Summerlin. Two story home with updated exterior color and charming front porch. No HOA. Living room is good size and open to raised Dining room. Island kitchen open to family room with fireplace. French Door to patio and nicely landscaped backyard with covered patio. Lawn front and backyard. Downstairs bedroom with murphy bed. Upstairs primary bedroom plus 2 additional bedrooms. Washer, Dryer and Refrigerator. Three car garage. Simply Safe alarm at $24 per month. This home is a great floor plan and ready to add your personal updates and personalize to your own lifestyle.

9889 Masked Duck Avenue, Las Vegas

Courtesy of Judie Woods with Realty Executives of SNV.

The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Las Vegas REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo.
LVR MLS deems information reliable but not guaranteed.
Copyright 2022 of the Las Vegas REALTORS® MLS. All rights reserved.
The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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