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The real estate market in Northern Nevada is fairly competitive right now, especially in certain price points. However, to determine which price point is right for you, you’ll have to get pre-approved by a mortgage lender. Once you’ve spoken with a lender, you’ll have a better idea of what you can afford to buy. Furthermore, most sellers will not even look at your offer if you haven’t spoken with a lender.
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Interest rates are low, but will likely be rising.
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When our market tanked a few years ago, it left a lot of people in poor credit situations. If you’re rebuilding your credit from that time period, please contact us. We know a lot of good lenders in the area that could help put you on the path towards homeownership again.
With interest rates currently so low, it’s a great time to lock in a low rate on a home. You could save thousands of dollars in interest payments over the lifetime of your loan. Contact us soon if you’re interested in buying. Rates may be rising soon!
