Las Vegas Real Estate News and Tips

What to Know About the 203k Fixer Upper Home LoanAlthough it's not the kind of loan that is often in the headlines, a 203k loan is a valuable tool. It has the potential to transform a "hard to sell" or "fixer upper" property into a desirable one and offers a source of funds for anyone who can see the potential in a house that requires immediate improvements.

But it is not available to investors. Designed to make home renovation options available to owner/occupants, this unique mortgage loan is also available to non-profit organizations. Although it can be used solely for home improvements, it is often bundled with standard mortgage funding, with maximum regional loan limits set by the Federal Housing Authority (FHA). The limitations are usually sufficient, but not meant for extravagant

68 Views, 0 Comments

Selling a Fixer Upper and How to Do ItWhen it comes to selling a home, not everyone has the time or funds to make sure every part of it is the pinnacle of perfection before it goes up on the market. Instead, many homeowners will instead opt to sell it as a fixer-upper, a home with obvious flaws that the new owner will fix after it’s purchased. 

Hire a Real Estate Agent

A real estate agent is a homeowners best friend, and when it comes to trying to sell a fixer-upper, they can be an invaluable asset. An agent will make sure ads for the home get posted on every accessible website and arrange for buyers to come view the home with their agents. 

Clean the Home

Just because the home is a fixer-upper doesn’t mean the sellers should forsake cleaning and making it look nice. Even

211 Views, 0 Comments

Las Vegas Housing Market Update - July 2017

Home-Values-RisingLas Vegas Homebuyers have 5025 single family homes to choose from today.  Condos, town homes and high rise condos add another 1136 options.  Total inventory of homes for sale today is 6161 in Las Vegas, Henderson and North Las Vegas.  Almost the same as the 6175 listed for sale last month but 34% lower than the 9399 listings in August 2016.

We sold 3144 single family homes in July.  We sold 748 condos and town homes.  Total homes sold was 3892.  That’s lower than the 4475 sold in June but 10.8% higher than July 2016.

Low inventory continues pushing prices up.  The median went to $260K in July.  Up from $257K in June and 10.2% higher than the $236K median in July 2016.

Luxury Homes For Sale in Las

6,468 Views, 1 Comment

Lawn Upgrade Tips to Help a Home SaleImproving your lawn before selling your home can boost your curb appeal, leading to a faster sale and better offers. Even in a desert, buyers find a home with dying, brown grass in the front yard a turn off.  For homeowners who have been relaxed about their lawn maintenance practices, improving the appearance of your lawn can be a multi-step project. The following tips will help you grow grass that is trim, lush and tidy for potential home buyers in the Paseos, or elsewhere like the Palisades.

Implement Good Grass Maintenance Habits

Growing beautiful grass takes extra work from homeowners. In order to be lush and green, grass needs adequate water and deep roots.

  • Water your lawn in the early morning or in the evening: Doing this will cut
349 Views, 0 Comments

Las Vegas High Rise News - July 2017

 Inventory in Las Vegas top high rise buildings is at 373 condos for sale today.  That's up from last month when we reported 346 condos for sale.  Part of the jump is due to a change in the buildings we track for this report.  Until this month, we haven't included ONE Las Vegas and JUHL.  These buildings were turned into rentals during the recession.  In fact, the few owners who had closed on units in these buildings had difficulty selling the condos once so many of them were turned into rentals.  The investors in control of them are now selling the condos as tenants move out.  Therefore, we've added them to our reporting.

We sold 79 luxury high rise condos in July.  That's a drop from the 84 we sold in June,

8,149 Views, 0 Comments

How to Sell a Home QuicklyWhen it comes to selling a home, it’s a process that every homeowner hopes goes quickly. Some homes can sell in a matter of hours, while others could take years before an offer is accepted. Fortunately, there are steps homeowners can take to help their home sell as quickly as possible. Here are some of them.

1.  Price It Right!

Getting the price wrong is one of the easiest ways for a homeseller to shoot themselves in the foot.  The old idea that you should price higher to leave room for negotiation doesn't work in today's world.  It's too easy for buyers to find out how much neighboring houses sold for.  When they see that your home is over-priced, they will sit and wait for you to become more realistic.  It's best to price your home

536 Views, 0 Comments

Tasks to Finish Before Moving Into a New HomeThe new house is bought. The old house is sold. All that is left is to move in. However, there are a few more things to keep track of to make sure the move goes smoothly and life in a new home goes as well as everyone hopes.

Learn About the New Area

Moving can be exhausting, and finding oneself in a strange new place only accentuates the experience. Find out about the area before the move by locating amenities such as grocery stores, convenience stores, parks, restaurants and the local nightlife. 

Transfer Paperwork and Services

There are a lot of things at the old home which will need to be arranged again at the new. Phone and internet connections are the most common service. Make sure old accounts are terminated and new ones

401 Views, 0 Comments

How Smart Technology Can Help Sell Your HomeThere are a lot of ways to make a home stand out from the crowd, and when it's for sale that's a good thing. Sellers want their home to get noticed, so they can get it sold and move on to what comes next. New paint and flooring add value, and making sure the home is clean and staged can go a long way, as well. But there is more to the story when a home really needs to get noticed. Especially in a competitive market, homes have to have that extra something that makes buyers want to see them.

Getting the Edge in Home Selling

Smart technology can give sellers the edge, because it offers something to buyers that they can't get in other homes in the area.  A few years ago, smart technology was found primarily in expensive luxury homes.  Now, even

386 Views, 0 Comments

All About FHA Loans for Home BuyersEstablished by the passage of the National Housing Act in 1934, the Federal Housing Administration (FHA) has helped millions of Americans become homeowners and continues to be one of the most popular loan options today. Although commonly called FHA loans, these mortgages are actually issued by approved banks and lenders and only guaranteed by the Federal Housing Administration. The following guide is designed to answer basic questions about the FHA home loan program and help those interested in purchasing a home decide if it is the right option for their needs. 

Is the FHA loan program restricted to first-time homebuyers or low-income applicants? 

The FHA loan program is available to all borrowers who meet the basic requirements set by the

2,857 Views, 0 Comments

USDA Rural Loans and How to Use Them to Buy a HomeA USDA loan is a program of the United States Department of Agriculture (USDA) that is designed to assist income-eligible persons in obtaining a home in select rural areas. Targeting individuals who fall within low and moderate income brackets, the loans must be used for applicants as their personal and primary residence for the duration of the loan. Those people who are found eligible for the program can rehabilitate, build, relocate or improve on a dwelling that is located within a rural area that is deemed eligible by its guidelines.

Three Types of USDA Home Loan Programs

  • Direct Loans are issued by the USDA itself and are aimed at those households with low or very low incomes. The income thresholds vary by both family size and region. 
1,330 Views, 0 Comments