Las Vegas Real Estate News and Tips

When to Hire a ProfessionalIt can feel satisfying to be able to repair or maintain a home. While many homeowners choose to DIY when it comes to common repairs and maintenance tasks, others source the work out to experts.

Avoid going in blind. Use the following information to understand when it is worthwhile to personally take on a home improvement project and when it is better to employ an experienced professional.

Do You Have the Experience Necessary?

Many first-time homeowners may watch a few episodes of a home improvement show and think they can take on more complex projects. While it's true that the majority of homeowners should be able to fix a leaky faucet or loose draw handle, some projects require more advanced skills and expert level knowledge. Those

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Las Vegas Housing Market Update - January 2018

The Las Vegas MLS has 3753 Single Family Homes For Sale without offers today.  The MLS has 1083 condos and town homes for sale.  Total inventory of homes for sale is 4836.  That’s a 2.8% drop from December but 36.5% from January 2017. 

We sold 2266 single family homes in January plus 616 condos and town homes.  A total of 2882 homes closed escrow for the month.  That’s a 13.7% drop from December but 5.5% higher than January 2017.

The median home price dropped back to $265K, down from $267,900 in December, 1.1% lower than December.  It’s still 11.3% higher year over year.

Las Vegas and Henderson Luxury Homes

We have 380 luxury estates listed for more than $1 Million.  There are 49 luxury high

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Las Vegas High Rise News - January 2018

We only have 314 high rise condos for sale in Las Vegas’ top high rise buildings. That’s down from 354 last month and 363 the month before. The number of condos that closed in January was also down. We sold 58 compared to 77 in December and 70 in November. The drop is probably seasonal but the declining inventory isn’t helping either.   Top Sellers in January - ONE Las Vegas on the South Strip took first place with 7 closings. Second place was a tie between Turnberry Place and Panorama Towers. There were 6 closings in each community. Turnberry Place has four towers and Panorama only has two. That gives second place to Panorama and third to Turnberry Place.   Las Vegas High
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How to Sell a Home With PetsA pet can be a wonderful addition to a household that can provide many long years of companionship, but it’s inevitable that they may leave their mark on a home, not just on their owners. When selling a home, pets can impact the ease with which a homeowner sells their home for a multitude of reasons: There are many people who can’t be around animals due to allergies or fear, and when selling a home, having a pet may be a turn-off to a portion of potential buyers. Here are 4 tips homeowners can use to help sell their home without getting rid of their furry friends.

1. Repair Any Damage

With pets, some damage to the home is inevitable. Whether it’s scratched floors or stained carpets, it’s likely there’s going to be something that should be

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What You Need to Know About Homeowners InsuranceWhen prospective buyers trying to buy a home, one of the things they need to do is get homeowners insurance. Making arrangements for homeowners insurance in the weeks before escrow closes can help ensure that buyers find the right policy for their needs at a price they can afford.

Homeowners Insurance Protects Homeowners

Homeowners insurance is designed to protect homeowners from financial liability when their home is damaged, whether they live in the Willows of Summerlin or elsewhere. This type of insurance covers a variety of natural disasters and household accidents that can lead to expensive repairs, such as:

  • Fire damage
  • Lightning strike
  • Vandalism
  • Burglary
  • Smoke damage
  • Damage from wind

In the event that the home

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Ideas that Make Outdoor Living Dreams Come TrueMaking an outdoor living space these days is so much more than just setting a few chairs around some greenery. With these ideas for chic and modern outdoor living spaces, any property could be transformed into an outdoor heaven through some DIY and professional renovations.

Entertainment Space

People who like to host a lot of parties at their homes should recognize that they can take advantage of a larger outdoor space to make entertaining varied, engaging, or expansive. An experienced host or hostess knows that people like to have plenty of places to stand or sit. In an outdoor area, the perfect entertaining space features comfortable seating in a variety of colors and styles, ranging from a soft outdoor chaise to rough-hewn stone benches.

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Tips for Selling a Home with Unpermitted WorkUnpermitted work can make problems for homeowners. A home with unpermitted work can be hard to insure and may even be unsafe to live in. Sometimes having unpermitted work is the result of hiring unprofessional contractors, and sometimes it's the result of uninformed DIY. Either way, home buyers who want to purchase a home with unpermitted work may even have a hard time getting a mortgage, so selling a home with with this problem can be a challenge. If you're selling a home that has unpermitted construction, knowing your options can help you make a choice that will be profitable during the home sale.

Do You Have to Disclose Unpermitted Work?

If you're aware of unpermitted construction, this must be disclosed at the time that the home is sold.

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A Short Guide to Damaged FoundationsMost people know that homes aren't as static as they look. While they appear to stay in one place, homes are always making small adjustments and settling back into the ground. So even if a home hasn't undergone an Earthquake or other destructive force, that doesn't mean it won't endure a damaged foundation. See when the problem calls for professional attention and what criteria to use when choosing a solution for your Palisades home.

Bad Signs

Settling doesn't always mean that there's a problem with the foundation, so homeowners don't necessarily need to worry if their home is creaking more than it used to. What they should be aware of is when they can no longer smoothly close doors or open windows anymore or if there seem to be a lot of

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How to Catch Roof Damage EarlyTo catch roof damage early, homeowners need to be especially observant and aware of what's happening to their home. An obvious leak is usually a sign that the roof has been unraveling for months (possibly even years) without anyone even noticing. It all starts with understanding the many components of the roof (shingles, flashing, joints, etc.), and how they work together to protect the home. The good news is that making the effort could save a homeowner thousands of dollars worth of repairs.

Checking for Damage

If the homeowner is brave enough, getting on a ladder to check the joints and shingles can give clues as to the condition of the covering. The flashing is the material directly covering the joints of the roof, and any tears in it will

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How to Buy a Home in a Seller’s MarketPurchasing a new home is one of the biggest investments a person will make in their lifetime, and this is the sort of decision that should be made slowly and deliberately. However, in a seller’s market where there are more buyers than homes for sale, buyers are forced to work quickly or risk losing the home of their dreams. Here are 5 tips buyers can use to help rise above the competition and purchase a new home.

1. Work With an Experienced Agent

When buying or selling a home, working with a real estate agent is essential, and in a buyer’s market, it’s even more necessary. A real estate agent will be able to communicate with the seller or their agent and negotiate the best terms for their client. Agents are knowledgeable about the market and

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