Renters BEWARE! This is How to Buy a Home in Las Vegas in 2025

Episode 12 of the Vegas Life Real Estate Podcast focuses on strategies for turning renters into buyers and the various factors affecting the Las Vegas real estate market in 2025. The hosts discuss the challenges renters face, often finding it harder to qualify for rentals than mortgages due to stringent requirements by landlords. The episode highlights several key topics:

• Renters vs. Buyers: The hosts discuss the benefits of homeownership over renting, emphasizing the importance of owning assets that appreciate over time. They acknowledge that homeownership isn't for everyone, but advise people to consider purchasing a home if their life is stable and they plan to stay in the area.

  
  



• Rental Market Difficulties: The podcast details the credit issues, the uncertainty of renters staying in the area and lease terms that renters face in the Las Vegas Market. The requirements of home rentals can be as stringent as qualifying for a mortgage, and often require significant upfront costs like large security deposits.

  
  



• Impact of External Factors: The hosts touch on how factors such as wildfires in Southern California and the recent demand for lower interest rates, and the government policy, can impact the market, leading to increased demand and higher prices in Las Vegas.

  
  



• The Appeal of Las Vegas: They discuss the numerous benefits of living in Las Vegas, from outdoor activities like Mount Charleston and Lake Mead to entertainment options on the Strip, including a discussion of the "unrated" sunsets and sunrises. They emphasize it is a place where everyone wants to be.

  
  



• Local Insights: The podcast explores the challenges of finding good jobs in Vegas and the common misconception that there are no jobs. They note that the real estate market in the area is robust, with more inventory and an influx of people from California.

  
  



• Market Update: Kevin Sherba provides an update on the current market, noting increased inventory, a stable median home price of $475,000, and a slight increase in the average days on the market (37 days). He also mentions that some people are reducing the prices and homes are staying on the market a little longer, with 612 homes currently under contract.

  
  



• Tax Tips, Financial advice and Investment Strategies The team mentions trust attorneys, CPAs, and tax shelters. They dive into the concept of asset protection. They discuss strategies of minimizing risk. They discuss investment strategies that will allow a person to succeed. They talk about the perception of money and the importance of having a great team.

  
  



• Future of Las Vegas Real Estate: The hosts forecast a continued rise in prices and a potential increase in inherited properties being put on the market, leading to more investment opportunities. They emphasize the importance of teaming up with family or a trusted realtor to navigate the market effectively and to make a purchase.