Buying a home in Las Vegas can be a daunting task, but a good real estate agent can be incredibly valuable –especially as it relates to finding the right home and helping to negotiate price.
One of the Top Destinations for Californians!
Las Vegas ranks as one of the top destinations for Californians who want a weekend (or longer) getaway. A California travel guide even vouches for the fact that “Californians continue to go to Las Vegas like crazy.” Nightlife, gaming, shows, and the general lure of the Strip entice plenty of beach dwellers from their native environs on a regular basis. It’s not a great leap for these devotees to envision the possibilities of investing in property around the Valley.
Maybe it’s just a case of “the grass is always greener” mentality, even if you may see a bit less lawn per square mile in Southern Nevada’s dry climate.
Why wouldn’t any Californian who had the opportunity want to buy a home in Las Vegas?
Vegas for Profit
Historically, California property values are higher than those in Las Vegas. A recent article in the Las Vegas Review Journal touted the benefits of employers recruiting staff to relocate to Las Vegas. The article remarked on the eminent affordability of real estate in Las Vegas compared to places such as California, which actually contains seven of the country’s ten least-affordable housing markets.
The upside from the Californian standpoint: Your California home can provide equity to buy a home in the more affordable Las Vegas market. With California home values currently rising, downsizing can provide the required cash for a down payment for—or in some cases outright purchase of—a Las Vegas property.
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