Buying a first home: Las Vegas

[SteveOMS]

I'll echo alot of the sentimate above. Aggressivly negitoate any deal you make in LV. Bargains are to be had today if you search and try and cut prices see if you find a seller just ready to go right now and you can get next years price declines today. I wouldn't do this as an investment, but if your sure your ready to settle and live in one place in LV you'll be fine. I'd just caution when looking at new homebuilders with lots of inventory, I wouldn't buy in 'failed communities' with lots of vacancy's unsold homes and the like for quality of life issues and future values will hurt more in communites that never got off the ground and never should have been built. If looking at new home homebuilders I'd stick to communites that have high sales % overall and high occupancy rates and they are just looking to clear out the last inventory there.

Steve