Las Vegas Real Estate
Your Las Vegas real estate team is actively involved in the community and strives to provide you with valuable Las Vegas real estate information and an agent's perspective of Fabulous Las Vegas!
Las Vegas Market Conditions
Las Vegas Homes Sales UP as Prices go DOWN
Why Do Lenders Accept Short Sales in Las Vegas
In the Las Vegas real estate market right now we are seeing a great deal of short sales on the market. Short sales are different then foreclosures in Las Vegas. a Short sale is when a lender agrees to take a home that they have a loan on back that is actually less then what the loan amount is for. They would do this in hopes of actually saving money in the long run. Lenders have a great deal of fees and costs for taking a home on a short sale. They have to turn around and sell the home themselves. Ideally a lender would not take back a home however they will consider this option if they can see that by allowing the homeowner to go into foreclosure status it would actually cost them more then just taking it up front and turning around and selling it.
Doing a Short sale in Las Vegas is a complicated process for the average homeowner.
Fortunately there are qualified Las Vegas real estate agents that specialize in Short sales and Foreclosures that you can contact to help explain the process and give you the best options.
If you are looking to buy a foreclosure or short sale you too need to contact a Las Vegas real estate agent because there are processes and procedures that you need to be aware of as well.
New home sales rise unexpectedly in April
What is Happening to the Las Vegas Luxury Condo Market?
Statistically speaking the Las Vegas real estate market for Luxury Condos is all but diminished. Recently there was a report in the Las Vegas Review Journal about the Vegas Grand Condos searching out Las Vegas Realtors to market and sell the property for them. Unfortunately many who have placed their hopes on making it big in the high rise condo business in Las Vegas may be on the stall for a little while longer.
The good news for all of you Luxury seekers is that there are some phenomenal properties at even more impressive prices. If you ever wanted to be able to really afford luxury now is the time! If you want to find the absolute best deals on Luxury homes in Las Vegas give us, The Luxury Las Vegas Real Estate Agents, a call.
Foreclosure Frauds Abroad
These frauds range from companies promising services to save you, getting a service fee upfront, and then disappearing, to even getting homeowners to turn over the title to their homes and then being evicted. The article wisely states that there are never any guarantees or miracle fixes to your situation. You are strongly advised to talk with your local Las Vegas real estate agents to get a real idea of what your options are. There are a great many things that you can do to save your home and lessen the trauma of the situation. Confide in a Realtor who you know will give you sound advice and explain the benefits of their services.
Get Educated! Read out activelrain
On Activerain you will find thousands of agents from Realtors in Las Vegas, NV to Realtors in New York, NY sharing thier success techniques, stratagies, opinions, and services. Not only will you find great real estate information by real estate agents on activerain you will also find just as many Mortgage Lenders, Interior Designers, Builders, and so on. The best thing of all is that this information is absolutely free! Come join one of the fastest growing real estate networks in the world.
Home Will Get Smaller and Prices Will Go UP!
After this excess inventory is absorbed in the next year new homes that are going to be built will be built smaller, due to increased construction costs, and the builders need to compete in the market. For the price of the size of home you can get now you will be lucky to get 3/4 of that in the coming years. With all of the other population and job growth projections I am sure you can see the need to call up your Las Vegas Realtor and get in the car now!
Selling Las Vegas Real Homes Fast!
1. Offer Incentives - Home buyers in Las Vegas are looking for more then a "DEAL" they are looking for a "STEAL"! As a home seller you want to help the buyers feel that way. Offer to cover buyers closing costs. These costs can be as much as 2%-3% of the buyer’s loan amount. At the rate that home prices are declining that $6,000-$10,000 could be considered an investment as it will save you more money in the long run.
2. Pay Loan Points - Not only is getting into a home at a great price attractive to buyers but doing so on a great loan is very enticing. Instead of paying for someone’s closing costs, offer to pay that money towards the buyers loan to help bring down their rate. Better yet, offer any buyer a 5% loan. You can decide ahead of time with your own preapproved lender and Las Vegas Realtor what the costs are going to be and advertise this to homeowners. That will generate some serious buyers.
3. Home Warranty - Having a home warranty is pretty common in a Las Vegas real estate transaction. We just want to remind you of the importance of providing your buyers with that kind of security.
4. No Gimmicks - Get away from offering cars, T.V.'s, vacations, or anything else that breaths gimmicks. People in Las Vegas that are home shopping are doing just that, shopping for a home. Help them get into YOUR home with incentives that benefit that transaction. Instead of spending money on that T.V. how bout doing a little crown molding or a couple hundred dollars of landscaping to increase the curb appeal.
Selling Las Vegas homes is really an art. Your Las Vegas Realtor will have some great ideas as to what can help you. If you would like to see a video about tips that can help you, check out "Top Tips: Selling your home" on CNNmoney.com
Las Vegas Real Estate Buyers Don't Get Caught!
We must brake the cycle and be responsible buyers and Las Vegas Real Estate Agents. Talk to your Las Vegas Realtor and make sure that you are really qualified to get into a home. This is one of, if not, the largest investment you will ever make in your life. We can help you get into the right Las Vegas home for you and your pocket book.
Las Vegas 1 of 10 Top Outdoor Cities
Part of the joy of being a Las Vegas real estate agent is the opportunity we have to gloat about the wonderful city and its surrounding amenities that really add to the value of Las Vegas real estate. Due to Las Vegas' location residents are only a few hours away from any activity imaginable. There is a reason that millions of people travel from all of the world to visit Las Vegas and it's not just for the gambling. Come check out Las Vegas for yourself and, HEY! Stay for a while!
Home Sales in Las Vegas Increase
With the glut of foreclosures and desperate sellers, buyers now have a smorgasbord of homes to choose from at very affordable prices. Now is not the time to diddle around if you are a buyer. Several Las Vegas Real Estate Agents and their buyers have missed out on great deals because of hesitation or extremely low "Lowball offers". Believe it or not, there are bidding wars going on right now on many homes in Las Vegas.
Foreclosures will most likely continue to happen at a steady rate through '09 meaning that Las Vegas right now is the place to buy. As for those who wish to sell their Las Vegas homes that are not going into foreclosure... Either talk to a property management company or let a Las Vegas Real Estate Agent help you determine what the best price and strategy would be for you and yours.
Auctoning: The Latest Las Vegas Real Estate Trend
Las Vegas Real Estate Auctions have convincingly proven effective time and time again. Do you remember the mass auctions that were held at the end of last year at the Sun Coast Casino in Summerlin Las Vegas, where they sold hundreds of homes in an afternoon on the auction block? This happens in thousands of living rooms, just like yours, every day.
Great news for you! With Hildreth Barnhill Las Vegas Real Estate Agents our Las Vegas Realtors have the experience, connections, and willingness to sell your home! There are a great deal of factors to having a successful auction: marketing, strategizing for the greatest crowds, staging, gathering, and of course running the auction. Let us know if you would like us to help you get your home sold.
Buying Real Estate in Las Vegas for the First Time
This blog is to catch the attention of the all you first time real estate buyers here in Las Vegas. Right now Las Vegas real estate is one of the hardest hit cities in the nation for foreclosures. There is one fundamental reason why this is the case, unwise extension of our families finances. In layman’s terms, "Spending more on a house then what we can afford!" I found an article on Yahoo! Real Estate that gives great advice on how to manage your debt to income ratios. You know; the amount of debt you have compared to your bring home income.
Without meeting with a Las Vegas Real Estate Agent to discuss what cost are involved in a home purchase and ownership many first time buyers get blindsided by reality. It's oft times like walking out of the Wynn Hotel and realizing that there are homeless people right there on the street in front of it. Don't let this happen to you. Visit Las Vegas Real Estate Agents and this article "How Much Can You Afford?" to get a head start on this journey.
Las Vegas home ownership is a great feeling and privilege and you can do it, we just want to make sure that you don't end up like the other millions of families in the nation without home. Apply these same financial principles throughout your life and you will experience a great deal of success!
The Catch 22 of Selling Las Vegas Real Estate
This leaves Las Vegas Homeowners in a very sticky situation. It almost requires real estate owners to hold on to property longer then they wish, knowing that if they were to sell now they would have a very difficult and even impossible time trying to afford selling.
Fortunately for homeowners there are Las Vegas real estate agents that are very keen on the market in Las Vegas. They have resources to help you find out if you can get your home sold for a price that will benefit you and your family. Maybe selling isn't the answer for you right now. There is a very strong rental market in Las Vegas right with rents on the rise. Explore these options with your Realtor to determine which of these works best for you.
Lower Mortgage Rates Sure to Help Las Vegas Real Estate Market
According to CNNMoney.com mortgage rates continue to drop. With the Las Vegas real estate feeling the "Heat" of record foreclosures this is bound to help the market find a little hidration. For a 30yr loan mortgage rates currently average 6.03%.
For those of you looking to take advantage of these historically low mortgage rates now is a great time to contact a Las Vegas Realtor. Las Vegas Realtors have great resources to help you take advantage of the skyrocketing foreclosures in Las Vegas.
Is Your Las Vegas Home Priced Correctly?
Get the Best Value for Your Las Vegas Home - Use a Las Vegas Realtor
Another factor regarding your Las Vegas homes sale is the amount of exposure it gets. Executing an effective marketing plan will put the house in front of as many people as are needed to get it sold quickly and for the highest possible price. The proper plan will help you avoid committing to a lowball offer.Your Las Vegas Realtor will be key in helping your determine the right price and the right marketing strategy. We will set realistic expectations and work with you to achieve your goals.
Choosing a Las Vegas Real Estate Agent
Interview your Las Vegas real estate agents before you hire them on. Ask them about past sales, their marketing plan, and their background. Use an agent that comes highly referred if possible.
Las Vegas Home Selling Tips
1.Understand Why You Are Selling Your Las Vegas Home
Determine what is motivating your home sale because it will affect the marketing plan and schedule as well as decisions down the line in the negotiation. A quick sale will usually not net quite as much money while a high yielding sale will provide higher profit but take more time.
2.Don't Reveal Your Hand
Don't show all your cards when you are negotiating. If you reveal your motives you may lose at some step of the deal making process. Remain objective and show only the cards you need.
3.Do Your Research Before You Establish a Price
It is key that your real estate agent do the correct analysis on your Las Vegas property to establish the right price. Your listing price is likely the highest someone will pay you for your home. You have adjusted for costs and understand what you net amount will be. If you have done the homework correctly you will know what you can negotiate based on true market value.
4.Visit Homes for Sale in Las Vegas
Ask your Las Vegas real estate agent to take you to some of the comparable homes in the area. Get a good feel for what is selling and for what price.
5.Consider a Las Vegas Appraisal
If you are confident you can get a good appraisal from someone before the sale you may consider it. It will cost you money and it may not be reusable for the buyer's loan but you will have a good idea of what your house will appraise for and you can adjust your price accordingly.
6.Using Tax Assessments
A number of factors go into determining your Las Vegas property taxes. The assessed value is not necessarily a representation of current market value.
7.Choosing a Las Vegas Real Estate Agent
Not all real estate agents are the same. Good ones often come highly referred and have considerable experience in the field. Interview them and ensure their marketing plan is tailored to getting you the highest possible price in the quickest amount of time.
8.Leave Room to Negotiate
Your asking price should have a little wiggle room. While you need to get the best price you need to stay competitive and when the negotiations are on the table you won't want to give up a great opportunity because you are too firm on the price. Set the initial price such that you know you can move a bit if needed.
9.Invite Opinions
Your point of view is important. When selling your Las Vegas home the point of view of the buyer is the key. Request the opinion of others. Have them view your home and provide feedback on selling features or items that deter potential buyers.
10.Clean Everything
A Las Vegas buyer wants to do as little work as possible when they move in. They want to feel their new home is clean and sanitary. Be diligent in cleaning all aspects of the house. Hire help if necessary to get the job done well. You don't want to send any message that the home isn't fit and clean.
11.Manage Smells and Odors
You may not realize but odd smells like traces of food, pets and smoking odors can kill deals quickly. If prospective buyers know you have a dog, or that you smoke, they'll start being aware of odors and seeing stains that may not even exist. Don't leave any clues.
12.Great Curb Appeal Makes a Huge Difference
Homes are sold emotionally. People buy when they feel the home suits them and first impressions make a huge difference. Do the necessary to set the stage.
13.Catering to the Las Vegas Buyer's Imagination
Buyers are like artists. They want to begin with their own blank canvass and they want to paint their own home. Keep the decor simple and friendly. Allow for their imaginations to place them in the home. Take care that religious items and family pictures are not the focus of any one room. Use soothing, neutral, and brighter colors.
14.Disclose Everything
Smart Las Vegas sellers are proactive in disclosing all known defects to their buyers in writing. This can reduce liability and prevent lawsuits later on.
15.Manage Your Emotions
The Las Vegas home will sell itself. Do not let you emotions drive you during the sale. Manage it like a business and handle it objectively. Don't take low offers personally. They will likely come. Some people make it their job to submit low offers on many homes. They will eventually get a few. If you are not ultra motivated then simple reject these offers. If you feel there may be some true negotiation then counter the offer such that it turns the tables.
16.Understand Your Las Vegas Buyer
The more you can find out about your buyer the better off you are at the time of negotiations. You want to see as many of their cards as possible to understand their motives. The timeliness of the close, the amount of money down, their qualifications all make a difference. If the buyer is simply not qualified move on to the next buyer. Don't play Russian Roulette with your home.
17.Protect Yourself with a Complete Contract
Spell out everything. Avoid problems and minimize liability by taking proper care of your contract. It will have many items you will need to review. Once you are in contract stick to it. Stay on target of getting the escrow to close.
Las Vegas Home Selling Tips
1.Understand Why You Are Selling Your Las Vegas Home
Determine what is motivating your home sale because it will affect the marketing plan and schedule as well as decisions down the line in the negotiation. A quick sale will usually not net quite as much money while a high yielding sale will provide higher profit but take more time.
2.Don't Reveal Your Hand
Don't show all your cards when you are negotiating. If you reveal your motives you may lose at some step of the deal making process. Remain objective and show only the cards you need.
3.Do Your Research Before You Establish a Price
It is key that your real estate agent do the correct analysis on your Las Vegas property to establish the right price. Your listing price is likely the highest someone will pay you for your home. You have adjusted for costs and understand what you net amount will be. If you have done the homework correctly you will know what you can negotiate based on true market value.
4.Visit Homes for Sale in Las Vegas
Ask your Las Vegas real estate agent to take you to some of the comparable homes in the area. Get a good feel for what is selling and for what price.
5.Consider a Las Vegas Appraisal
If you are confident you can get a good appraisal from someone before the sale you may consider it. It will cost you money and it may not be reusable for the buyer's loan but you will have a good idea of what your house will appraise for and you can adjust your price accordingly.
6.Using Tax Assessments
A number of factors go into determining your Las Vegas property taxes. The assessed value is not necessarily a representation of current market value.
7.Choosing a Las Vegas Real Estate Agent
Not all real estate agents are the same. Good ones often come highly referred and have considerable experience in the field. Interview them and ensure their marketing plan is tailored to getting you the highest possible price in the quickest amount of time.
8.Leave Room to Negotiate
Your asking price should have a little wiggle room. While you need to get the best price you need to stay competitive and when the negotiations are on the table you won't want to give up a great opportunity because you are too firm on the price. Set the initial price such that you know you can move a bit if needed.
9.Invite Opinions
Your point of view is important. When selling your Las Vegas home the point of view of the buyer is the key. Request the opinion of others. Have them view your home and provide feedback on selling features or items that deter potential buyers.
10.Clean Everything
A Las Vegas buyer wants to do as little work as possible when they move in. They want to feel their new home is clean and sanitary. Be diligent in cleaning all aspects of the house. Hire help if necessary to get the job done well. You don't want to send any message that the home isn't fit and clean.
11.Manage Smells and Odors
You may not realize but odd smells like traces of food, pets and smoking odors can kill deals quickly. If prospective buyers know you have a dog, or that you smoke, they'll start being aware of odors and seeing stains that may not even exist. Don't leave any clues.
12.Great Curb Appeal Makes a Huge Difference
Homes are sold emotionally. People buy when they feel the home suits them and first impressions make a huge difference. Do the necessary to set the stage.
13.Catering to the Las Vegas Buyer's Imagination
Buyers are like artists. They want to begin with their own blank canvass and they want to paint their own home. Keep the decor simple and friendly. Allow for their imaginations to place them in the home. Take care that religious items and family pictures are not the focus of any one room. Use soothing, neutral, and brighter colors.
14.Disclose Everything
Smart Las Vegas sellers are proactive in disclosing all known defects to their buyers in writing. This can reduce liability and prevent lawsuits later on.
15.Manage Your Emotions
The Las Vegas home will sell itself. Do not let you emotions drive you during the sale. Manage it like a business and handle it objectively. Don't take low offers personally. They will likely come. Some people make it their job to submit low offers on many homes. They will eventually get a few. If you are not ultra motivated then simple reject these offers. If you feel there may be some true negotiation then counter the offer such that it turns the tables.
16.Understand Your Las Vegas Buyer
The more you can find out about your buyer the better off you are at the time of negotiations. You want to see as many of their cards as possible to understand their motives. The timeliness of the close, the amount of money down, their qualifications all make a difference. If the buyer is simply not qualified move on to the next buyer. Don't play Russian Roulette with your home.
17.Protect Yourself with a Complete Contract
Spell out everything. Avoid problems and minimize liability by taking proper care of your contract. It will have many items you will need to review. Once you are in contract stick to it. Stay on target of getting the escrow to close.