January 2019

Found 5 blog entries for January 2019.

Reverse Mortgage Information for HomeownersThere are many types of home loans available to homeowners who have equity in their home, and a reverse mortgage is one of these loans. Understanding reverse mortgages and how they work can help homeowners who qualify to decide whether or not a reverse mortgage is for them. If you're a homeowner seeking a funding source or extra money to live on, here's what you need to know about reverse mortgages.

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

What Is a Reverse Mortgage?

A reverse mortgage is a type of loan available to homeowners who are at least 62 years old or older. In order to be eligible, the senior must own their own single family or

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Las Vegas Housing Market Update - December 2018

The Las Vegas MLS offers 6688 single family homes for sale today. Condos, high rise properties and town homes add another 2025 options. Buyers can choose from 8713 homes in the Greater Las Vegas Real Estate Market. It’s a slight drop compared to 8831 homes for sale in November. It’s a big increase compared to the 4929 homes for sale a year ago. It’s a 73% increase year over year.   We sold 2147 single family homes in December. We sold 573 condos and town homes. Total homes sold in December was 2720. In spite of the increased number of homes for sale, we sold less than the same month last year. There was an 18.2% drop in the homes sold December 2018 vs December…
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Las Vegas High Rise News - December 2018

Buyers have 357 high rise condos available this month. Basically unchanged from 359 available last month. Higher than the low 300s we dropped to before October. It’s similar to the 354 high rise condos we had available in December 2017.   We sold 45 high rise condos in December. That’s a drop from 52 in November and 70 in October. It’s a big drop from the 77 we sold in December 2017. Hopefully, the sales volume in the high rise market will pick up as we get in to our busiest convention season.   Top Sellers in December - MGM Signature was first place with 7 condos sold. Second place was a tie between Juhl, The Ogden and Trump with 5 condos sold in each community. Allure
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4 Ways to Evaluate a Purchase OfferOnce a home has been listed for sale, sellers should be ready to look at any purchase offer they receive from a potential buyer. Buyers often include a variety of details in the offer that could be beneficial to the buyer or the seller. People who get several offers at the same time may need to evaluate them quickly and make a decision. This guide identifies common features of purchase offers that sellers should look for, and what they mean for the transaction.

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

1. Price

One of the first things sellers look for is the price of the offer. Although this may be the most important aspect of the contract,

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Tips for Writing a More Competitive Purchase OfferThe home purchase offer is generally the first official communication between the buyer and seller, making it a document that buyers should take seriously. Now is the time to think through both the terms and contingencies if the home buyer ever hopes to make it to the next step. With your real estate agents assistance in creating a home purchase offer, most buyers will go make more than one offer, meaning they have a little leeway to experiment with trial and error. However, it's still important to understand how to write a solid offer in case the buyer spots their dream property early on in their journey.

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

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