Buyer’s Guide: 5 Things First-Time Buyers Need to Know in Today’s Market

Buying your first home is exciting — but it can also feel overwhelming. With rising inventory, shifting prices, and a more competitive lending environment, today’s buyers need more than a pre-approval letter. You need a plan.

At Team Farnham, we’ve helped thousands of families buy and sell homes in Henderson and Las Vegas. Here are the five most important things every first-time buyer should know in today’s market.

1. Get Pre-Approved Before You Shop

• Why it matters: Pre-approval gives you a clear budget and shows sellers you’re serious. In many cases, it’s the difference between getting your offer accepted or overlooked.

• Pro Tip: Go beyond online calculators. Work with a trusted local lender who understands Nevada-specific programs and incentives.

2.  Understand the Market You’re Entering

• In Las Vegas & Henderson, inventory has been increasing — which means buyers have more options than in recent years.

• Median home prices hover around $480,000 (as of September 2025), but each neighborhood tells a different story.

• Pro Tip: Focus on monthly payment comfort instead of just the purchase price. Market conditions shift, but your budget should stay steady.

3. Factor in More Than Just the Mortgage

• Buying a home includes property taxes, insurance, HOA dues, utilities, and maintenance.

• First-time buyers often underestimate these costs.

• Pro Tip: Add 20–30% on top of your mortgage estimate for a more realistic monthly housing cost.

4.  Location is More Than Zip Code

• In Henderson, popular communities like Inspirada, Anthem, and Madeira Canyon offer lifestyle perks (parks, schools, shopping) that go beyond the house itself.

• Commute times, school ratings, and resale value all matter long-term.

• Pro Tip: Spend time in the neighborhood at different times of day before you commit.

5.  Don’t Go It Alone

• Your first home is one of the biggest financial decisions of your life. Having an experienced real estate team on your side can save you time, money, and stress.

• We’ll guide you through:

  • Finding the right property

  • Negotiating the best terms

  • Managing inspections and appraisals

  • Navigating closing with confidence

Bonus Resource: Nevada First-Time Buyer Programs

• Home is Possible (HIP) → Down payment assistance for qualifying buyers.

• Teacher & First Responder Programs → Special incentives available in Clark County.

• VA Loans → Henderson’s strong military presence makes VA financing an excellent option for many.

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Next Step

If you’re considering buying your first home in Henderson or Las Vegas, let’s talk strategy.

📲 Schedule your Free Buyer Consultation today and we’ll walk you through financing, neighborhoods, and step-by-step support for your first purchase.