Las Vegas Real Estate News and Tips

Getting the Best ROI Out of Bathroom RemodelingWhile the bathroom is one of most of the most vital parts of the home, it is has often been overlooked concerning ambiance and decor. However, when it comes to renovation projects, bathroom remodeling is second only to kitchen upgrades these days—and for good reasons. Not only can current owners enjoy this updated space, but certain bathroom improvements including those discussed here can offer a high return on investment (ROI) when the time to sell arrives. According to expert's research, smart midrange and upscale bathroom remodels can allow sellers to see an average ROI of 62 percent of their investment costs.

Invest in Timeless Flooring

There are many types of flooring for homes, though some work better for bathrooms and kitchens due to

139 Views, 0 Comments

What Sellers Should Know Before Agreeing to a Short SaleSelling a home for less than what is owed is called a short sale. While homeowners may choose to sell their homes underprice for a variety of reasons, there are a number of restrictions and considerations to keep in mind before selling a short sale. With this information, sellers will understand what a short sale means and what to expect from one.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Why Do People Choose a Short Sale?

Sometimes, homeowners need to sell a home, but they owe more on the mortgage loan than what the home can sell for. Selling a home for less than what is owed on the loan is called a short sale.

Although homes tend to

312 Views, 0 Comments

Las Vegas Housing Market Update - June 2018

The Las Vegas MLS shows 4478 Single Family Homes For Sale.  Condos, town homes and high rise properties add 1192 options.  Today’s buyers have 5670 homes to choose from.  That’s a minor increase compared to 5554 homes for sale last month.  The number of homes for sale is 16.2% lower than what we had available last year at this time. 

We sold 3269 Single Family Homes in June, up from 3035 in May.  Condos and town homes added another 918 closings for the month.  Total homes sold in June was 4187, up from 3861 in May but an 8.9% drop from June 2017. 

The average number of homes we’ve sold per month over the past year is 3631 per month.  At that rate, today’s inventory would be gone in 1.5 months if no new

12,834 Views, 1 Comment

Las Vegas High Rise News - June 2018

Today’s High Rise buyers have 311 high rise options available in our top high rise buildings.  That’s up from 293 last month.

We sold 85 luxury condos in those same buildings.  That was a nice increase over 70 the month before and 66 the month before that.  If we continued selling 85 per month (which isn’t likely), today’s inventory would be gone in less than 4 months. 

Top Selling Communities in June - ONE Las Vegas takes first place for the second month.  This month they sold 13, 3 less than in May.  Prices ranged from $289,900 to $509,900.

JUHL came in second with 10 units sold.  Closing prices there ranged from $178,900 to $423,900.  

Turnberry Place came in third with 9 units sold.  Prices ranged

20,244 Views, 0 Comments

What Are the Benefits of HOAsWhile some may see the restrictions when living in a Homeowner Association (an HOA) community, others often appreciate the advantages of an HOA community. There are many reasons people choose to live in a community governed by a specific set of rules. Home buyers often choose a home located in an HOA community when first looking for a home or when looking to downsize from a larger home.

It's important for home buyers to understand and learn about an HOA's health before buying a home. Not all HOAs are alike, with some being poorly managed by board members while others are very strong. HOAs can have effects on a homes property values, as well as offer homeowners within the HOA amenities other neighborhoods may not have.

HOAs and A Homes

723 Views, 0 Comments

Hidden Costs and Risks of FSBOsWhen sellers think about the sales commission a real estate agent usually gets through the transaction, they might think that they could more easily sell it themselves. However, selling a home is actually quite complicated, and there are many steps in the process that self-represented home sellers may not be aware of. With this guide, sellers will be able to identify common disadvantages for those who take the for sale by owner (FSBO) route.

Not Knowing What Buyers Expect

As home buyers start to look at properties, they generally have a very specific idea of a good home in mind. Every buyer is going to have unique preferences in the size of the home and its amenities. However, sellers have to gain a general understanding of the kinds of

822 Views, 0 Comments

How to Handle Your First Siding ReplacementSiding not only keeps people safe, but it can also be a major contributor to the eventual resale value of the home. In fact, a home siding replacement returns an average of 89% to the homeowner, making it one of the more win-win projects a homeowner can take on. Before researching the brick siding you've always dreamed of though, it helps to have a better idea of what it really means to upgrade the siding.

Do the Math First

Siding costs can vary wildly from material to material, so homeowners should calculate how much they can afford to spend on replacing their siding before deciding what material to go for. High-end materials such as fiber cement, brick or stucco can cost tens of thousands of dollars, more than some homeowners have immediate

717 Views, 0 Comments

Home Insulation Guide: Types and CostWhen it comes to energy efficiency in a home, many consider insulation improvements to be the best way to cut down on heating and cooling costs. Whether it's because you want to save money or make money, there may be many reasons to look into improving the insulation in a home. In addition to improved energy efficiency, such an upgrade may yield a significant ROI. Homeowners who are looking to save money on energy bills without sacrificing comfort are often interested in home insulation.

There are a few different types of insulation and some important factors to keep in mind. Understand more about home insulation before adding insulation to a home today.

The Importance of Home Insulation

Many homeowners and buyers are looking to make their

1,070 Views, 0 Comments

Home Security System InformationEveryone needs to feel safe, so many homeowners will at one time or another seek protection from a home security system. Different kinds of home security systems provide different levels of security, so once a homeowner has made the decision to get a home security system, then they must decide what kind of system is right for them.

How Do Professional Home Security Systems Work?

Professional home security systems work by deterring vandals, burglars and intruders. They also provide security by providing smoke detection and carbon monoxide detection services. Professional home security systems are usually connected via a network to a company that monitors activity in the home, and alerts the homeowner when something is amiss.

Homeowners pay

1,677 Views, 0 Comments

The Benefits of Good Customer Service for Real Estate AgentsIt's easy to discount the importance of customer service when agents are busy negotiating deals, drawing up endless paperwork, and handling unreasonable buyer or seller requests. They may be doing so much work behind the scenes that their efforts seem like more than enough. But real estate is a competitive enough field that agents may want to reconsider how they're approaching their clients. It's not enough to be punctual and ask a few half-hearted personal questions.

Home Buying and Selling Can Take a While

It's easy to be polite to people for a few hours or even a full weekend, but home buying can sometimes take months to finally close the transaction. That kind of intense, repeated exposure can wear on everyone involved, but a real estate

1,767 Views, 0 Comments