Is Now a Good Time to Buy a Home in Reno-Sparks? | with Lindsey Pena

Want to buy or sell a home with Lindsey? Connect with her here: https://lindseypena.chaseinternationa... Need a home loan? Reach out to me here: https://mortgageupside.com/ Is now the right time to buy a home in Northern Nevada? In this episode, I sit down with Lindsey Pena, a fantastic realtor who has worked the Reno-Sparks and Northern Nevada market for about 14 years. We talk through where rates and prices stand right now, how buyers on the fence should think about timing, and the strategies that can make a purchase more affordable. In this episode, we cover: Lindsey's background and 14 years in the Reno-Sparks real estate market Where mortgage rates stand today compared to earlier this year What home prices have done in Northern Nevada and where they may be headed How to know if it's the right time to buy, regardless of market timing Renting versus buying and the timeframe that makes buying worth it Seller credits versus price reductions, and why a credit often helps buyers more Temporary rate buydowns (3-2-1, 2-1, 1-0) versus long-term buydowns Why cash reserves matter as much as your down payment amount How Nevada's property tax structure can make an older home more affordable than a new one Lindsey's advice for first-time buyers just getting started Want to work with Lindsey? Connect with her here: Website: https://lindseypena.chaseinternationa... Email: lpena@chaseinternational.com Instagram:   / lindseysellsnevada   Facebook:   / lindseybakernevadarealestate   Phone: (775) 527-0687 ____ Shay Phillips is a Mortgage Advisor based in the Reno-Tahoe area. Looking to buy a home and need a mortgage? ► ► Get Pre-Approved With Shay → https://www.mortgageupside.com/ DISCLAIMER - This video is intended for educational purposes only. Shay Phillips is a Licensed Loan Originator (NMLS 1919855) with NEXA Mortgage, LLC (NMLS 1660690), an Equal Housing Lender. Mortgage Upside is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This video is only for educational usage. All calculations should be verified independently. This video is not an offer to lend and should not be used directly to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice. Not affiliated with the VA, FHA, or any other government agency. This video has not been approved by any government agency. NEXA Mortgage, LLC 3100 W Ray Road #201, Office #209 Chandler, AZ 85226 NMLS #1660690 Equal Housing Lender 0:00 Meet Your Northern Nevada Real Estate Expert 1:57 Is Now the Right Time to Buy? 4:21 Advice for Buyers Sitting on the Fence 8:57 Creative Strategies to Lower Your Monthly Payment 13:52 Hidden Savings in Nevada Property Taxes