Waiting To Sell? Here’s Your Sign.
The Las Vegas real estate market; while still in favor of sellers at the moment, is shifting quickly with rising interest rates.
The Las Vegas real estate market; while still in favor of sellers at the moment, is shifting quickly with rising interest rates.
The State Of The Market If you’ve been shopping for a home this year, you probably know it can be vicious out there. Almost 1/3 of the homes recently sold to out of state buyers. Many of those buyers are coming from the West costal area. They have plenty of sale proceeds to pay over…
We just helped Debbie & Peter purchase a home in Spanish Trail; a gorgeous, well-established golf course community here in Las Vegas, NV. I’d spoken with Debbie, who was a referral from a friend of mine. She’s his mother & was looking to move to Las Vegas to be closer to her new grandson. Her husband also just got a relocation here with his company. There are a lot of great reasons to move to Las Vegas. Lower taxes & more affordable housing is a big one we’re seeing from many Californians making the move. For Debbie & Peter, being close to family, having the job-relocation opportunity, & being able to say goodbye to those frozen New York winters were main motivators.
We’d done all the leg work to figure out what she & Peter were looking for in a new home, had her pre-qualified with Charles Christmas at Gold Star Financial, and were prepared to make a confidant offer when the right home appeared. Something low maintenance, secure, and comfortably appointed with great amenities were all on the top of the list. Fortunately, Spanish Trail community was not only checking all these boxes, it was a short drive from family already in town.
Debbie’s son & I had walked a few properties together, using Facetime to give a live feed to Debbie and Peter, while her son gave commentary on how he thought the space & design elements would
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Nestled in the quiet neighborhood of Arden Park, just over a mile from Desert Breeze Park, with it’s soccer, baseball, skateboard & aquatic community offerings, this corner lot is the largest one in the tract. It also provides even more privacy with no neighbors directly behind you & beautiful mountain views from the master suite.
We bought our current home in the beginning of 2018, home values have gone up and mortgage rates have gone down. We initially put 10% down on our purchase, bumping our rate up a little from what could have been had we put down 20% lowering the bank’s risk and our interest rate. Since then,…
The majority of homes in Las Vegas have Home Owner’s Associations. This can be a benefit or a detriment when shopping for a new home, or selling one. In theory, the HOA will provide at a minimum, protection for your home’s value based on the homes around it being kept up rather than falling to disrepair and negatively affecting your home’s value. In reality, the HOA can be seen as an additional cost to home ownership that can vary in benefit as widely as buying a great or terrible stock of a company. In a way that analogy is very on point, as management of the HOA and it’s assets, legal status and financial standing can cover a wide range.
Using a Realtor who understands HOA’s is a great starting point in helping you find the right community to live in, but now your due diligence doesn’t have to end there. When you buy a home you’ll have an independent, qualified, licensed home inspector verify the condition of the structure and it’s components. You’ll have an independent, qualified, licensed appraiser verify the value of the home. When you buy in a HOA, you’ve previously received a sometimes 500 page resale package delivered to you before you close. It’s really been on you personally to read and interpret the bylaws, restrictions, and financial condition of the association your buying into. Sure a Realtor can give you their opinion of a community’s standing.. but they are not qualified or licensed to interpret legal documents for you. …
Bonnie Springs Ranch, nestled between the quaint town of Blue Diamond, and Red Rock National Park in West of Las Vegas’ Valley has been contracted for purchase by developers. Many Las Vegas locals are upset, recalling their childhood memories of riding the train to the petting zoo and old mining town recreation. We are loosing…
I’ve heard it from a few people. One of them is sitting on over $130,000.00 in cash. Waiting for another 2008 market collapse. The thing is, that money under your mattress, it’s loosing value every year due to inflation. Sure, real estate goes up & down cyclically but nobody knows exactly when those cycles hit. …