What is a boomerang Buyer and how do they impact the Las Vegas real estate market?
Thousands of Las Vegas homeowners felt the sting and crash of the 2008 financial crisis. Many people lost their homes to foreclosure or short sale, causing their credit to tank. This has impacted the rental market by causing a increased demand as these homeowners were forced out of the real estate market. Mortgage lenders and banks had waiting periods for these people to qualify for new loans to allow them to purchase another home. Many of these previous homeowners have diligently rebuilt their credit scores , saved money for a down payment and closing costs and paid down existing debt. The result is Las Vegas, Nevada is seeing an increase in boomerang buyers. Call (702) 277-0075 and speak to an experienced Las Vegas , NV REMAX Realtor to weigh in on your options of homeownership .
We specialize in this market and are familiar with the mortgage guidelines to reenter the Las Vegas real estate market . Home ownership is possible even after a foreclosure, short sale or deed in lieu