Photo: Vita Vilcina / Unsplash. Illustrative stock photograph; not a property discussed in this article. In Las Vegas, the most important number in an offer may not be the price anymore. More Southern Nevada sellers are being asked to pay to buy down the buyer's mortgage rate instead of cutting the price, the Las Vegas Review-Journal reported Oct. 23. Steve Hawks, a longtime Las Vegas agent, told the Review-Journal that 80% to 90% of his financed deals now include a…
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Las Vegas Buyers Aren’t Asking for a Lower Price. They Want the Seller to Lower Their Rate.
Las Vegas buyers are asking sellers to fund mortgage rate buydowns. How concessions can compare with price cuts, and what buyers should ask their lenders.
