Sellers are unsure if they should sell and buyers are unsure if they should buy. So, Las Vegas realtors and lenders have changed how they operate, hoping to instill some confidence. Call it the “Covid Clause.”

Las Vegas Covid Clause

For instance, if you lost your job from the coronavirus, the clause would protect you. With lenders tightening their requirements and sellers hesitant to put homes on the market, the clause is one way realtors are hoping to instill confidence in the housing market.

This is be the right time to look, since prices are low and steady. For sellers, there are buyers out there and mortgage rates are low.