Las Vegas Real Estate News and Tips

How to Choose Between Popular Home Flooring OptionsIf you are considering changing up the flooring in your home, it is a good idea to explore all of your options before you decide on one. There are a lot of different options available on the market and some are definitely more popular than others. If you are looking for flooring options that you can stick with for many years to come, these these are the best options available today.

Hardwoods

Hardwoods are a very popular type of flooring for home because of their durability and how long they last. However, hardwood floors come with a lot of work, so if you are going to choose hardwood floors for your home, you need to make sure that you are willing to maintain them. Common maintenance efforts include quickly wiping up spills to keep moisture

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Las Vegas Housing Market Update - November 2017

 

The Greater Las Vegas MLS has 4369 single family homes listed for sale today.  Condos, town homes and high rise condos add 1195 options.  Total homes for sale in Las Vegas, Henderson and North Las Vegas is 5564.  That’s a steady drop from the 5953 available last month and the 6155 the month before.  It’s a 30% drop from the 7988 homes that were available in December 2016.  

We sold 2527 single family homes in November plus 684 condos and town homes.  A total of 3211 homes closed escrow during the month.  A sizeable drop from the 3731 sold in October but slightly more than the 3162 sold in November 2016. 

Average homes sold per month has been 3502 for the past year.  At that rate of sales,

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Las Vegas High Rise News - November 2017

The Las Vegas MLS has 363 Luxury High Rise Condos listed for sale.  A slight but steady decline from 371 last month and 379 the month before.  We sold 70 high rise condos in November, down from 78 in October but still a good month, especially when you consider price trends.

Las Vegas Luxury High Rise CondosTop Sellers in November - ONE Las Vegas maintained the lead with 11 condos sold.  It was followed by a tie between Veer Towers and The Ogden with 8 closings in each of those communities.

Las Vegas High Rise Price Trends - Five high rise condos sold for $1.6M or higher.   Three topped $2 Million.  All three of the most expensive were at The Mandarin Oriental.  Unit 3206 closed for $2.1M, Unit 4607 sold for $2.55M and unit 3808 closed for

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How to Buy a New Construction HomeA newly constructed house is a dream come true for so many buyers because it symbolizes a fresh start and a new life. In addition to a blank slate, many assume that a new house will be free of problems because it hasn't yet undergone the wear and tear of time yet. But it's these feelings that often get in the way of the reality of new construction home. From mismanaged timelines to shoddy workmanship, it's time to learn more about how to set the groundwork for a successful home purchase.

The Good

Unlike most homes on the market, no one has an emotional attachment to the property which a buyer can use to their advantage. The builder is looking to maximize their profits, and every day the house sits empty is a day they're losing money. Sellers

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How Can Painting Your Home Help Sell Your House?Selling a home can be challenging but painting a home and using an attractive color can make a surprising difference to buyers. Most agents recommend a new coat of paint but there are a number of factors that can influence a buyer's decision-making process. What should homeowners know about painting their Seven Hills home before picking up a few gallons of paint?

Learn more about paint and how it may help a homeowner sell their home for more today.

A Top Secret: A Fresh Coat of Paint

Painting a house can make a big difference to a room and can brighten up a space. Paint color and shade can subtly influence prospective buyers. Neutral-color palettes are often recommended for the average buyer but styles and suggestions often change.

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Landscaping Tips For SellersIt's hard to find time to landscape when you're busy selling a property. However, failure to landscape properly can lead to lower offers from home buyers. Maintaining your landscape during the selling process can help boost curb appeal, so it's important to keep up with it. Knowing where to focus your energy and how to make landscaping as simple as possible is important.

Set Aside A Day to Perform Basic Lawn Maintenance

Take a day before the home goes up for sale to perform basic lawn maintenance. Perform tasks such as:

  • Clear away lawn debris
  • Edge the perimeter of the yard
  • Prune back trees that overhang the home
  • Replace burned out garden light bulbs
  • Pull out any annuals that are past their prime

When this task is

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Selling A Vacation Home? What To ExpectSelling a second home is different from selling a primary residence. Prepping the home for sale and navigating the complexities of capital gains tax can leave some sellers feeling stumped. Knowing what to expect can help you through the process.

Tax Implications

The tax implications of selling a vacation home can be significant. The law allows a person to sell a primary residence tax-free if the sale is below a certain threshold, however, this is not the case for the sale of a second home. People who sell their second home must pay 20 percent in federal taxes and an additional cost for their state taxes. Residents who live in their vacation home as a primary residence for at least two years may be able to take advantage of certain tax

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Thinking of Buying a Vacation Home? Read This FirstIt's not all sunshine and swimming pools, but vacation homes can be smart buys if you know what to expect, buy wisely, and visit often or plan to rent out the home when you're not there. Before you buy a second home, consider how you'll be affected by these 5 things.

Location Matters

If the home is very far from where you live, you might not want to make the drive as often as you're envisioning when you're in the planning stage. Location also matters for renters, especially with popular areas like Cadence. If you want to rent out the property, make sure the community attracts vacationers—otherwise, you won't get the cash you need to cover your expenses.

Know the Costs & Rules Up Front

Hidden costs add up quickly when you're traveling

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What to Know About Common Roofing TrendsWhen homeowners are looking at their roofing options, they typically fall into one When homeowners think of investments that can increase the value of their home, a trendy roof isn't exactly what comes to mind for most people. Still, for those thinking about selling their home in the near future, upgraded roofing can have a significant impact on a home's value without any of the risk of over-improving a home. For those who are thinking about replacing their roof in the near future, there are some popular roofing trends to consider.

Metal and Concrete Roofing

Durable, long-lasting roofing materials are in high demand, especially among first-time home buyers who don't want the financial burden of having to replace a roof in a few years.

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What Is PMI and How Does it Affect My Mortgage?Do you want to get into a home but cannot afford a 20 percent down payment? You are not alone. Those who do not want to delay a purchase and wait until they have 20 percent of a home's purchase price can get into a home through means that may require additional fees and insurance products to protect the lender.

A PMI is often required as part of a conventional home loan for many. It can allow those making a minimal down payment to get into their first home, in The Lakes or another community, and begin to build equity.

Understand more about PMI and cancelling PMI to determine whether or not obtaining a conventional loan with a small down payment is right for you.

What to Know About Private Mortgage Insurance

Private mortgage insurance or

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